Table of Contents
What is category of exporters in IEC?
There are different categories of exporters like Merchant exporters, Manufacturer exporters, Service exporters, Project exporters, Deemed exporters etc. “Merchant Exporter” means a person engaged in trading activity and exporting or intending to export goods .
How many types of exports are there?
Exporting mainly be of two types: Direct exporting and Indirect exporting.
What are the three main types of exporters?
The three forms of exporting are indirect exporting, direct exporting, and intracorporate transfer. Indirect exporting involves selling a product to a domestic customer, which then exports the product in its original form or a modified form .
Can I import or export through any port in IEC?
So, if a branch code is mentioned in the Import Export code, with Director General of Foreign Trade (DGFT), you can import or export through the said port. If you have not mentioned the same at the time applying IEC, you can update as and when you require.
Who is exempted from obtaining an importer – exporter code (IEC) number?
The following categories of importers or exporters are exempted from obtaining Importer – Exporter Code (IEC) number: Importers covered by clause 3 (1) [except sub-clauses (e) and (l)] and exporters covered by clause 3(2) [except sub-clauses (i) and (k)] of the Foreign Trade (Exemption from application of Rules in certain cases) Order, 1993.
How to operate as an exporter/importer in India?
An IEC code is obtained to operate as an exporter/importer in India. Once an exporter or importer obtained an IEC – Import Export Code, he can export or import goods as per the terms and conditioned under IEC which is attached to Foreign Trade Policy of Government of India. You can export or import from all port in India.
What is IEC number and how do I get It?
What is IEC number? IEC (importer Exporter Code) number is a 10 digit code number given to an exporter or importer by the regional office of the Director general of Foreign Trade (DGFT), Department of Commerce, Government of India. Where should I apply? You can apply to designated regional office of DGFT.