What is the cost of IEC?

Rs. 250.00

How much does it cost to import?

The Indian government assesses a 1% customs handling fee on all imports in addition to the applied customs duty. Therefore, for most goods, total duty payable = BCD + Customs Handling Fee.

Can I import without import Licence?

There is no need to obtain any import license or permission to import such goods. Canalized goods are items which may only be imported using specific procedures or methods of transport. The list of canalized goods can be found in the ITC (HS). Goods in this category can be imported only through canalizing agencies.

What are the import license?

An import license is a document issued by a national government authorizing the importation of certain goods into its territory. Each license specifies the volume of imports allowed, and the total volume allowed should not exceed the quota.

What are the types of import Licence?

The two types of actual user license are: General Licenses : This license can be used for the imports of goods from all countries, except those countries from which imports are prohibited; Specific Licenses: This license can only be used for imports from a specific country.

Why import license is required?

Import Licenses (if applicable) must be accompanied by any import licenses. This will enable the customs to clear the documents and allow the import without delay. These must be attached so that the customs can verify the price and decide on the classification under which the import tariff can be calculated.

How many types of imports are there?

There are four general types of imports. The two most common import types are Hierarchy and Item feeds.

What is DGFT license?

DGFT is the licensing authority for exporters, importers, and export and import business. DGFT can prohibit, restrict and regulate exports and imports.

Who appoints Dgft?

DGFT. The Central Government appoints any person to be the Directorate General of Foreign Trade. Normally a member of the Indian Administrative Service having rendered 30 or more years is appointed to the post of the Director-General of Foreign Trade.

Who is current Dgft?

Shri Amit Yadav

How can I get IEC certificate?

Steps for IEC Registration Process:

Step 1: Go to the DGFT Website.
Step 2: Then You need to Go on Services tab.
Step 3: Enter your PAN number (A Person/if any Company PAN Card)
Step 4: Enter the your details (As Mentioned on PAN Card)
Step 5: Enter your mobile number to get (OTP) verification process.

What is IEC certificate?

IEC (Import Export Code) is required by anyone who is looking to kick-start his/her import/export business in the country. It is issued by the DGFT (Director General of Foreign Trade). IEC is a 10-digit code which has a lifetime validity.

Is IEC code same as PAN number?

Consequent upon introduction of GST, IEC being issued is the same as the PAN of the firm. However, the IEC will still be separately issued by DGFT based on an application.

What is my IEC number?

IEC stands for the Import Export Code or Importer Exporter Code which is represented by a 10 digit number issued by DGFT (Director General of Foreign Trade), Department of Commerce, Government of India.

How is PAN number?

PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in the form of a laminated plastic card (commonly known as PAN card). Out of the first five characters, the first three characters represent the alphabetic series running from AAA to ZZZ.

How do I find my IEC code?

1. PAN Based IE code is generated by DGFT offices located all over the country and is aggregated at DGFT headquarters. To check whether your IE code has reached DGFT head quarters and the correctness of your IE code details, Click IE Code @ DGFT button.

Can I import without IEC code?

As per the Foreign Trade Policy (FTP) in India, every importer and exporter is required to get IEC code to start Import export from India. Without IEC code, no importer and exporter are authorised to do import export business.