Whether any permission is required from any authority while importing goods for commercial purpose.The amount of goods imported ranges from Rs.30000- 40000.
2 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 25 March 2015
I think you need to obtain IEC (import export code) by registering with DGFT in order to import for commercial purpose
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 30 March 2015
Yes. IEC is mandatory for commercial purpose. The formalities at Customs will be handled by the clearing agent
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