Who all are Exempt from Taking Import Export Code (IEC)?

Who all are Exempt from Taking Import Export Code (IEC)?

As every one of you realize that all people/associations managing in Import and Export would require Import Export Code (IEC). Be that as it may, there are a few classes characterized by DGFT, which are exempted from taking this code.

Following classifications of shippers or exporters are exempted Categories from acquiring IEC number:

Shippers secured by proviso 3(1) [except sub-conditions (e) and (l)] and exporters secured by statement 3(2) [except subclauses (I) and (k)] of Foreign Trade (Exemption from an utilization of Rules in specific cases) Order, 1993.

Services/Departments of Central or State Government.

People were bringing in or sending out products for individual utilize not associated with exchange or make or agribusiness.

People bringing in/sending out products from/to Nepal, Myanmar through Indo-Myanmar outskirt regions and China (through Gunji, Namgaya Shipkila and Nathula ports) if CIF estimation of a solitary committal does not surpass Indian Rs.25, 000. In any case, exclusion from getting IEC number should not be relevant for fare of Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) as recorded in Appendix 3, Schedule 2 of ITC (HS) with the exception of on account of fares by classification (ii) above.

Following changeless IEC numbers might be utilized by noncommercial PSUs and classifications of shippers/exporters said against them for import/send out purposes.

S.no.                                          Code No.                                        Classes of Importers/Exporters

1                                                0100000011                                     All Ministries/Departments of Central Government and offices completely or halfway possessed by them

2                                                0100000029                                     All Ministries/Departments of any State Government and offices completely or halfway possessed by them.

3                                                0100000037                                    7 Diplomatic staff, Counselor officers in India and authorities of UNO and its specific offices

4                                                0100000045                                    Indians coming back from/traveling to another country and asserting advantage under Baggage Rules

5                                                0100000053                                    People/Institutions/Hospitals bringing in or sending out merchandise for staff utilize, not associated with exchange or produce or horticulture.

6                                                0100000061                                    People bringing in/sending out merchandise from/to Nepal

7                                                0100000070                                    People bringing in/sending out merchandise from/to Myanmar through Indo-Myanmar outskirt territories

8                                                0100000088                                    Portage Foundation

9                                                0100000096                                    Shippers bringing in merchandise for show or use in fairs/displays or comparative occasions under arrangements of ATA carnet.

10                                              0100000100                                    Chief, National Blood Group Reference Laboratory, Bombay or their approved workplaces

11                                               0100000126                                   People/Charitable Institution/Registered NGOs bringing in merchandise, which have been exempted from Customs obligation under Notification issued                                                                                                             By Ministry of Finance for bonafide use by casualties influenced by normal cataclysm

12                                               0100000134                                   People bringing in/sending out admissible products as advised every now and then, from/to China through Gunji, Namgaya Shipkila and Nathula ports

 

 


Visit HireCA.com Now