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DEPB license

adithyan (student) (63 Points)

25 December 2008

A firm is converted to a company and there is a DEPB license in name of the firm. Can license be transfered directly from firm to company or a seperate license should be obtained by the company

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3 Replies

CA. Dashrath Maheshwari (TaXpert) (15103 Points)
Replied 25 December 2008

can be transferred to the Company...

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adithyan (student) (63 Points)
Replied 26 December 2008

Thank you for information !! can you tell me the procedures to be followed

Jyotindra Thakar (Working as Manager (Export-Import)) (116 Points)
Replied 06 January 2009

If a firm is converted in to a company, they should first get their Import-Export code Number (IEC) modified / updated by applying to Jurisdictional Director general of Foreigh Trade office. Upon updation of new status/name in IEC, you will be issue an amendment sheet to the DEPB licence which is still in the name of the old firm. After issuance of such amendment sheet the company so formed will be able to use the licence.