Dear Friends,
I want to purchase some mobile phones, cameras and memory cards for personal uses.
What legal formalities i have to fulfill under custom rules and FEMA & RBI guidelines.
should i have to taken Import Export code.
Manoj Sharma (EXECUTIVE-TAXATION) (24 Points)
09 March 2011Dear Friends,
I want to purchase some mobile phones, cameras and memory cards for personal uses.
What legal formalities i have to fulfill under custom rules and FEMA & RBI guidelines.
should i have to taken Import Export code.
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 09 March 2011
AS PER CURRENT FOREIGN TRADE POLICY PARA 2.8 SUB PARA (III) DEFINES THAT PERSONS IMPORTING OR EXPORTING GOODS FOR PERSONAL USE NOT CONNECTED WITH TRADE OR MANUFACTURE OR AGRICULTURE ARE EXEMPT FROM IEC.
REGARDS,
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