What is the Remission of Duties or Taxes on Export Products (RoDTEP)?
RoDTEP is a new plan that will replace the present MEIS system for exports of commodities from India. Its purpose is to repay exporters for taxes and charges like as municipal taxes, coal cess, mandi tax, etc. It is a plan for Indian exporters to make their goods globally competitive and level the playing field.
Who must have an IEC (Import Export Code)?
Anyone wishing to establish an import/export business in the nation must get an IEC (Import Export Code). The DGFT is responsible for its issuance (Director General of Foreign Trade). IEC is a 10-digit code with a lifetime validity.
What is the validity period for an IEC certificate?
Registration for the Import Export Code is a one-time process that is valid for life. Consequently, updating, submitting, and renewing IE Code registration will be straightforward. It is valid until the business ceases to exist or the registration is revoked or surrendered.
Which organisation is responsible for passing the import export code?
The DGFT (Director General of Foreign Trade) under the Ministry of Commerce and Industry of India issues the Import Export Code.
Are government agencies need to have an import export code?
It is not relevant to central and state ministries and departments.
What does IEC (Import Export Code) mean?
The IEC (Import Export Code) is a unique ten-digit code that applies to every import and export of products and services.
Can I perform export and import transactions without an IEC code?
No, export and import cannot occur in the absence of an import export code.
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