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Is it necessity to have an import export licence
25-Feb-2023 (In Customs & Central Excise Law)
I'm looking to import some mobile phone accessories such as back covers in bulk from China, is that necessory to have an import export license? Also how high the custom charge could be?
Any person who seeks to import and export goods must have and IEC code, (i.e. Importer Exporter Code) which is given by Ministry of Commerce. With IEC code no person can indulge in the business of import/export. There are certain persons who are exempted from taking IEC number but considering your nature of business it is advisable to take IEC code. The benefit of taking IEC code is that you will be eligible to take exemptions and promotional schemes of Government, if any.
There is no such requirement of any import/export license.
There are different classifications for each product which is known as HS Classification given under Customs Tariff Act. The import duty depends upon the type of goods being imported.
There is no such requirement of any import/export license.
There are different classifications for each product which is known as HS Classification given under Customs Tariff Act. The import duty depends upon the type of goods being imported.
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Adv. Deepak Thackur
Delhi | 25+ Answers
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