Sales to merchant exporter, need of iec?????
This query is : Resolved
24 September 2012
If we are procuring agro goods from market & selling to merchant exporters than whether there is need of getting IEC code no.
24 September 2012
IEC IS MANDATORY FOR EXPORTING IMPORTING GOODS .
AS PER PARA 2.8 OF HAND BOOK OF PROCEDURES VOL-1, (2009-14) THE PERSON WHO ARE IMPORT /EXPORTS GOODS FOR PERSONAL /AGRICULTURE PURPOSE DOES NOT REQUIRE IEC.
ON THE OTHER HAND IF YOU ARE EXPORTER AND PURCHASING THE GOODS FROM MERCHANT EXPORTER / ANOTHER PERSON DOES NOT REQUIRE SEPARATE IEC CODE IN YOUR CASE.
AS PER PARA 2.8 OF HAND BOOK OF PROCEDURES VOL-1, (2009-14) THE PERSON WHO ARE IMPORT /EXPORTS GOODS FOR PERSONAL /AGRICULTURE PURPOSE DOES NOT REQUIRE IEC.
ON THE OTHER HAND IF YOU ARE EXPORTER AND PURCHASING THE GOODS FROM MERCHANT EXPORTER / ANOTHER PERSON DOES NOT REQUIRE SEPARATE IEC CODE IN YOUR CASE.
24 September 2012
sir if we are purchasing from indian market, & than case 1) selling to indian merchant exporter(not exporting through him , just selling to him)
case 2- selling to indian merchant exporter( for exporting purposes through him)
case 3- selling to foreign merchant importer or foreign buyer or foreign agent
Pls reply for each case in which cases IEC needed?
& approx.legal fee & total expenses for getting IEC??????
case 2- selling to indian merchant exporter( for exporting purposes through him)
case 3- selling to foreign merchant importer or foreign buyer or foreign agent
Pls reply for each case in which cases IEC needed?
& approx.legal fee & total expenses for getting IEC??????
24 September 2012
sir are you exporter or Ministry / department of central government/any society or individual .......
24 September 2012
sir, we are just procurement agency as a group of persons( means AOP)
24 September 2012
in first & second condition IEC code not require sir..
third case IEC is mandatory. for further information regarding IEC CODE is here go to link:
https://www.caclubindia.com/share_files/iec-issuance-updation-information-48730.asp#.UGAJVaA-1tg
third case IEC is mandatory. for further information regarding IEC CODE is here go to link:
https://www.caclubindia.com/share_files/iec-issuance-updation-information-48730.asp#.UGAJVaA-1tg
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
