Is import export code required for software services?

Is import export code required for software services?

So if you’re dealing with any specified service under foreign trade policy then only you need Importer Exporter code else it is not mandatory. Dealing in software or any consulting services need not require any Import export license.

Why is IEC mandatory?

IEC (Import Export Code) is required by anyone who is looking to kick-start his/her import/export business in the country. Predominantly importers merchant cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from DGFT for the export scheme, etc. without IEC.

How can I get Import Export Code in India?

Steps for IEC Registration Process:

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

IEC (Import Export Code), is a 10 digit unique number that is required for an exporter and an importer. IEC code (Import Export Code) is mandatory for good and not for services. DGFT (Director General of Foreign Trade) and Ministry of Commerce in India are high authorities that issue the Import Export Code (IEC).

How many types of exporters are there?

Merchant Exporter,Manufacturer exporter,Service exporter Project Exporter or Deemed Exporter. There are different categories of exporters like Merchant exporters, Manufacturer exporters, Service exporters, Project exporters, Deemed exporters etc.

Is GST registration mandatory for export of services?

My all outward supplies are export services. In this case is it compulsory to register under GST? Yes. Since, exports are zero rated, one needs to register for GST to claim refunds.

By: AdminPosted on