• Description

Description

1) What is an Exporter Code (IEC)?
Ans: An Importer Exporter Code (IEC) is a mandatory registration required for any person or entity engaged in exporting goods from India.

2) Do I need to pay any fees to obtain an IEC?
Ans: Yes, a nominal application fee is required for obtaining an IEC.

3) What is the validity period of an IEC?
Ans: An IEC is typically valid for the lifetime of the entity or until any changes necessitate an update.

4) Is GST applicable on exports?
Ans: Exports are considered zero-rated supplies under GST, meaning no GST is levied on exports. However, exporters can claim a refund of input tax credit.

5) Do I need to comply with any packaging standards for exports?
Ans: Yes, certain products require compliance with packaging standards as specified by the relevant authorities.