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        Case ID :
        DGFT

        Grant of IEC No. to Companies having non-resident interest

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        RBI approval requirement for repatriation: IEC applications must include RBI approval for companies with non-resident interest. Companies with non-resident interest seeking an Importer Exporter Code must furnish RBI approval detailing non-resident investment and proposed repatriation benefits when applying for IEC; RBI approval under Appendix 2A Note 1 is mandatory and not replaced by foreign collaboration approvals.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                RBI approval requirement for repatriation: IEC applications must include RBI approval for companies with non-resident interest.

                                Companies with non-resident interest seeking an Importer Exporter Code must furnish RBI approval detailing non-resident investment and proposed repatriation benefits when applying for IEC; RBI approval under Appendix 2A Note 1 is mandatory and not replaced by foreign collaboration approvals.


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