Who is a Manufacture?
Using raw materials, the person/company who process and produces the end/finished product will be called as manufacture. E.g.Nokia, Samsung, Bombay Dying, Raymond’s.
Who is Merchant/Trader?
The Person/Company who purchases the finished or end product and sold to another party will be called as Merchant/Trader. E.g. Metro Retail, Walmart, More, Ratnadeep, Reliance retail
Who is service Provider?
The Person/Company who gives or sells the services will be called as service provider. Valors Logistics is a Customs Housing Agency (CHA) who interacts on behalf of the Exporter and Importer and facilitate the trade by supporting the Various types of exporter and importer…
What are all the Basic Documents Required for Export/Import?
→ IEC
→ Firm Registration
→ GST Registration
→ PAN Copy
→ Banker Letter (AD Code)
What is IEC who will Issue?
IEC Means Import Export Code it will be issued by DGFT and it is 13 types as hereunder.
| No. | Code No. | Categories of Importers / Exporters |
|---|---|---|
| 1 | 0100000011 | All Ministries / Departments of Central Government and agencies wholly or partially owned by them. |
| 2 | 0100000029 | All Ministries / Departments of any State Government and agencies wholly or partially owned by them. |
| 3 | 0100000037 | Diplomatic personnel, Counselor officers in India and officials of UNO and its specialised agencies. |
| 4 | 0100000045 | Indians returning from / going abroad and claiming benefit under Baggage Rules. |
| 5 | 0100000053 | Persons / Institutions / Hospitals importing or exporting goods for personnel use, not connected with trade or manufacture or agriculture. |
| 6 | 0100000061 | Persons importing / exporting goods from /to Nepal. |
| 7 | 0100000070 | Persons importing / exporting goods from /to Myanmar through Indo-Myanmar border areas. |
| 8 | 0100000088 | Ford Foundation. |
| 9 | 0100000096 | Importers importing goods for display or use in fairs / exhibitions or similar events under provisions of ATA carnet This IEC number can also be used by importers importing for exhibitions/fairs as per Para 2.29 of HBPv1. |
| 10 | 0100000100 | Director, National Blood Group Reference Laboratory, Bombay or their authorized offices. |
| 11 | 0100000126 | Individuals / Charitable Institution /Registered NGOs importing goods,which have been exempted from Customs duty under Notification issued byMinistry of Finance for bonafide use by victims affected by natural calamity. |
| 12 | 0100000134 | Persons importing / exporting permissible goods as notified from time to time, from / to China through Gunji,Namgaya Shipkila and Nathula ports, subject to value ceilings of single consignment as given in Para 2.8(iv) above. |
| 13 | 0100000169 | Non-commercial imports and exports by entities who have been authorized by Reserve Bank of India. |
However after introduction of ICES 1.5 DGFT is issuing the IEC now as PAN CARD No. IEC Will be issuing by the JDGFT (Joint Director General of Forger
Trade) Which Workers under minister of Commerce.
What are all the Documents Required for IEC Registration?
As per the type of firm Registration – registration documents are required apart with the following documents for completing the IEC Registration with JDGFT.
• Banker AD code letter • Business Permission Registration Documents
• Promoter PAN Card and Aadhar Card • ANF2
• DGFT Fee • Board Resolution for authorized signatory
What is AD Code and how it will be used?
AD code represents the Export/Importer Bank registration details with RBI.. which comes with 7 digits and it will be used to include in BOE or SB during the time of filing and it helps to Customs for transferring the export incentives directly to Export / Import Banker.
Detailed Information on about Customs Clearances?
Customs Clearances is a Process /Services which will be extended to various types of Exporters/Importers.