Is import export code required for software company?

Is import export code required for software company?

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.

Is IEC code required for export of software services?

Do We Need an IEC for Export Services? Simple answer, yes you do. Without an IEC code, merchants will be unable to export goods and services to other countries. The IEC Code is required by the Customs Port in case a merchant is exporting goods and services.

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Is IEC code mandatory for import of services?

Ans: IEC code is not required for import or export of goods for personal use. The Import Export Code is mandatory only for commercial purposes and business. One can import or export goods for personal use without any registration requirement.

What documents are required for IEC code?

Documents required for IEC (Import Export Code) Registration

  • Individual’s or Firm’s or Company’s copy of PAN Card.
  • Individual’s voter id or Aadhar card or passport copy.
  • Individual’s or company’s or firm’s cancel cheque copies of current bank accounts.
  • Copy of Rent Agreement or Electricity Bill Copy of the premise.

What is the procedure to export software from India?

This can be done one time before raising the first invoice.

  1. Check for Softex form is neatly typed.
  2. Check for the Address of the Exporter.
  3. Check for the STPI Center Address.
  4. Check for the Importer and Exporter Code number.
  5. Check for the Buyer’s name and address.
  6. Check for the Date and Number of Invoice.
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Is LUT required for export of services?

It is not necessary for the client to file for LUT if they are exporting goods or services. If the client goes for LUT, Then person may supply goods or services under bond or LUT without payment of integrated tax and can claim refund of unutilized input tax credit.

What is import export Code?

Import Export Code (also known as IEC code) is a 10 digit identification number that is issued by the DGFT (Director General of Foreign Trade), Department of Commerce, Government of India. Companies and businesses must obtain this code to start a business that deals with import and export in the Indian Territory.

Who has to take IEC code?

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.

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Do I need export license for services?

For the export of any goods classified as ‘restricted goods’ in this ITC-HS list, an Export License is required. In the case of prohibited goods, an Export License is not given, while restricted goods can be exported by businesses granted an Export License.

Can export or import be made by any person without obtaining an IEC number?

An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted.

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