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Online iec application

Parita (B.Com) (22 Points)

15 March 2017

I am a Proprietor. In the online application for IEC in the name of entity tab what should I fill, name of proprietor or nam eof business. Advantages and disadvantages of both

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2 Replies

CA Lukesh Sethi (CHARTERED ACCOUNTANT) (150 Points)
Replied 16 March 2017

In the name of entity, name of business will be entered. As Proprietor name will be entered in the name of applicant.

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CA Lukesh Sethi

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Ajit Hegde (CA - Final) (1367 Points)
Replied 17 March 2017

Name of business should be filled, not name of the proprietor.

When you raise an export invoice, it reads the trade name of the business. Custom clearance would be a problem due to mismtach of name in invoice and IEC if your IEC contains proprietor name.