Importer exporter code for software services company
Querist : Anonymous
However, from other sources, we are getting an opposite response.
What it the correct procedure? Do we, as a software development Service Provider, need it or not ? Or is there a limit upto which, companies can recieve remittances without an IEC code?
Please advice. Please also let us know if you can recommend any consutant who can get the registration done for us in Kanpur?
Regards.
whose person exporter importer wanted to import export for the purpose of trading / manufacturing purpose and export import not for personal use will be liable to duty as per applicable in Import schedule list .
The Import Export Code is a 10 digit special code provided by the Director General of Foreign Trade, Ministry of Commerce, Government of India.
Technically speaking, an IEC is necessary for any person looking at making an import into India or exporting a product or service out of India. So technically speaking, if I create even one software program and sell it to a party based in the United States, it is an export and I need to get an IEC.
more info:
https://www.caclubindia.com/experts/import-from-china-869960.asp#.UVAd4zf7crc
Querist : Anonymous
Thank you for your reply. From where ever its copied or picked , there was supposed to be one more line which you have skipped.
"So technically speaking, if I create even one software program and sell it to a party based in the United States, it is an export and I need to get an IEC.
Practically speaking however, you only need an IEC if you are going to be making sizeable exports and your income from export of services is more than Rs. 9 lakhs. In this case, getting an IEC will make you eligible to get a service tax exemption."
It seems there is a limit or minimum cap below which, it may not be mandatory.
I gather you do not have any idea about what is meant by "Practically Speaking" here, otherwise, you would have pasted the original source and complete detail.
Regards.
whose person exporter importer wanted to import export for the purpose of trading / manufacturing purpose and export import not for personal use will be liable to duty as per applicable in Import schedule list .
Querist : Anonymous
Kindly stop making copy paste replies and marking my query as resolved.
I have a fair understanding of english and I have gone through HBP and FEMA.
It seems you can not understand the query properly.
Please let others answer it if you have nothing to offer other than copy paste.
IT SEEMS THAT YOU ARE NOT INTERESTED TO READ REPLY AS ABOVE SAID SIR PLEASE FILED AN RTI INFORMATION.
EMINENT EXPERT PLEASE ADVISE THE RESPECTED MEMBER....
Click here to login now
Similar Resolved Queries
- GST Regis.
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Applicability of Ind As to associate of associate
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
