Table of Contents
Can I export multiple products?
When it comes to a number of products that one can export via a single IEC, then one can export all products that are not prohibited. There are many products that one can export under one IEC, but you need to check the EPC for the same.
Can a company have multiple IEC?
Only one IEC code can be issued against a single PAN and multiple IECs issued against a single PAN shall be suo-moto deactivated.
Is IEC and export Licence same?
In business circles it is known as “Import Export Code, IE Code or IEC”. The IEC is a pan-based registration of persons with the DGFT and remain valid unless it is cancelled or surrendered. In other words, no person can start an Export or Import business unless an IEC is allotted and is valid.
Do we need to take different IEC number for each firm?
Do we need to take different IEC number for each firm? Not every firm has to apply for IEC. But IEC is associated with PAN. Hence, if a person has more than one proprietorship firm then for every firm only one IEC registration is to be taken.
Which product is best for Import Export?
Best Import Business Ideas:
- Jewellery and precious stones. The trade of jewellery and precious stones is a popular import and export business idea in India.
- Shoes.
- Perfumery.
- Electronics.
- Heavy machinery.
- Silk import.
- Glassware import.
- Oil import.
Can we export without IEC?
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.
How many IEC registration can be taken in single pan?
one IEC
(b): Only one IEC shall be issued against a single PAN. Multiple IECs issued against a single PAN will be deactivated suo-moto after 31.03. 2015.”
Is an import and export code the same?
An Import and an Export License is simply an assigned code that informs the government what kind of goods you’re important and/or exporting. This code is also sometimes referred to as a customs code or a CNN number.