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Any person, firm or company desirous in entering into import export business requires Import Export Code unless specifically exempted. It is a unique number given to an importer and exporter by the concerned authority. If you are not a minor, lunatic or blacklisted person then you can easily apply for Import Export Code. A particular firm is eligible for only one Import Export Code. One has to apply before the concerned JDGFT for obtaining an IEC number for Export / Import. Import Export Code Service Delhi, IEC Services Delhi, Import Export Code Service in Delhi, IEC Services in Delhi The requisites to apply for the IEC number are as follows : Application Form NO. ANF2A, duly filled, in duplicate. Bank Certificate with attested photo, as per Appendix 18A of Form Two passport size photographs of the applicant Copy of Pan Card Number Draft of RS.250/- favoring concerned JDGFT Self addressed envelope duly stamped with RS.30/-stamp. In case the applicant is a partnership firm, apart from above requisites following IS also required Self attested copy of partnership deed An authority in favor of partner to act on behalf of the firm for obtaining IEC IS also required. In case the applicant is a company, apart from above requisites following is also required. Memorandum of articles of association Details of directors at the time of applying for IEC number Resolution in favor of a director to act on behalf of the company for obtaining IEC number. We Assist You In : Obtaining IEC number Revalidation of existing IEC number Modification in IEC with regard to any change in pre-existing address, partners, etc. 1519145660
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The exports by IEC holders under the following categories shall be granted double weightage for calculation of export performance for grant of status. (i) Micro, Small & Medium Enterprises (MSME) as defined in Micro, Small & Medium Enterprises Development (MSMED) Act 2006. (ii) Manufacturing units having ISO/BIS. (iii) Units located in North Eastern States including Sikkim and Jammu & Kashmir. (iv) Units located in Agri Export Zones. Double Weightage shall be available for grant of One Star Export House Status category only. Such benefit of double weightage shall not be admissible for grant of status recognition of other categories namely Two Star Export House, Three Star Export House, Four Star export House and Five Star Export House. A shipment can get double weightage only once in any one of above categories. Other conditions for grant of status Export performance of one IEC holder shall not be permitted to be transferred to another IEC holder. Hence, calculation of exports performance based on disclaimer shall not be allowed. Exports made on re-export basis shall not be counted for recognition. Export of items under authorization, including SCOMET items, would be included for calculation of export performance. 1519146175
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EPCG Scheme The objective of the EPCG Scheme is to facilitate import of capital goods for producing quality goods and services to enhance India’s export competitiveness. 5.01 EPCG Scheme (a) EPCG Scheme allows import of capital goods for pre-production, production and post-production at Zero customs duty. Alternatively, the Authorisation holder may also procure Capital Goods from indigenous sources in accordance with provisions of paragraph 5.07 of FTP. Capital goods for the purpose of the EPCG scheme shall include: (i) Capital Goods as defined in Chapter 9 including in CKD/SKD condition thereof; (ii) Computer software systems; (iii) Spares, moulds, dies, jigs, fixtures, tools & refractories for initial lining and spare refractories; and (iv) catalysts for initial charge plus one subsequent charge. (b) Import of capital goods for Project Imports notified by Central Board of Excise and Customs is also permitted under EPCG Scheme. (c) Import under EPCG Scheme shall be subject to an export obligation equivalent to 6 times of duty saved on capital goods, to be fulfilled in 6 years reckoned from date of issue of Authorisation. 1519146274
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Objective: Objective of Service Exports from India Scheme (SEIS) is to encourage export of notified Services from India. Eligibility: (1) Service Providers of notified services, located in India, shall be rewarded under SEIS, subject to conditions as may be notified. Only Services rendered in the manner as per Para 9.51(i) and Para 9.51(ii) of this policy shall be eligible. The notified services and rates of rewards are listed in Appendix 3D for SEIS (2) Such service provider should have minimum net free foreign exchange earnings of US$15,000 in preceding financial year to be eligible for Duty Credit Scrip. For Individual Service Providers and sole proprietorship, such minimum net free foreign exchange earnings criteria would be US$10,000 in preceding financial year. (3) Payment in Indian Rupees for service charges earned on specified services, shall be treated as receipt in deemed foreign exchange as per guidelines of Reserve Bank of India. The list of such services is indicated in Appendix 3E. (4) Net Foreign exchange earnings for the scheme are defined as under: Net Foreign Exchange = Gross Earnings of Foreign Exchange minus Total expenses / payment / remittances of Foreign Exchange by the IEC holder, relating to service sector in the Financial year. (5) If the IEC holder is a manufacturer of goods as well as service provider, then the foreign exchange earnings and Total expenses / payment / remittances shall be taken into account for service sector only. (6) In order to claim reward under the scheme, Service provider shall have to have an active IEC at the time of rendering such services for which rewards are claimed. Ineligible categories under SEIS (1) SEIS not availbale for Foreign exchange remittances other than those earned for rendering of notified services would not be counted for entitlement. Thus, other sources of foreign exchange earnings such as equity or debt participation, donations, receipts of repayment of loans etc. and any other inflow of foreign exchange, unrelated to rendering of service, would be ineligible. (2) Following shall not be taken into account for calculation of entitlement under the SEIS scheme (a) Foreign Exchange remittances: Related to Financial Services Sector (i) SEIS not applicable for raising of all types of foreign currency Loans; (ii) SEIS not applicable for export proceeds realization of clients; (iii) SEIS not applicable for Issuance of Foreign Equity through ADRs / GDRs or other similar instruments; (iv) SEIS not applicable for Issuance of foreign currency Bonds; (v) SEIS not applicable for Sale of securities and other financial instruments; (vi) Other receivables not connected with services rendered by financial institutions; and SEIS not applicable for Earning through contract/regular employment abroad (e.g. labour remittances); (b) SEIS not applicable for Payments for services received from EEFC Account; (c) SEIS not applicable for Foreign exchange turnover by Healthcare Institutions like equity participation, donations etc. (d) SEIS not applicable for Foreign exchange turnover by Educational Institutions like equity participation, donations etc. (e) SEIS not applicable for Export turnover relating to services of units operating under SEZ / EOU / EHTP / STPI / BTP Schemes or supplies of services made to such units; (f) SEIS not applicable for Clubbing of turnover of services rendered by SEZ / EOU /EHTP / STPI / BTP units with turnover of DTA Service Providers; (g) SEIS not applicable for Exports of Goods. (h) SEIS not applicable for Foreign Exchange earnings for services provided by Airlines, Shipping lines service providers plying from any foreign country X to any foreign country Y routes not touching India at all. (i) SEIS not applicable for Service providers in Telecom Sector 1519146562