TaxTMI 
TaxTMI 
TaxTMI 
Import Export Code (IEC) after GST
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....mport Export Code (IEC) after GST<br> Query (Issue) Started By: - lakush jain Dated:- 11-4-2018 Last Reply Date:- 15-4-2018 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Do I need to register for IEC code or can I just use GSTIN number? Below memo states that I can use GSTIN number but it is confusing that whether I still need to register with DGFT for IEC to consider my PAN number as I....
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....EC? http://dgft.gov.in/Exim/2000/TN/TN17/TN0918.pdf - https://www.taxmanagementindia.com/visitor/detail_circular.asp?ID=55882&kw=Changes-in-IEC-with-the-introduction-of-GST-regd Reply By Alkesh Jani: The Reply: Sir, As GSTIN itself is pan base number, you do not require to register with DGFT. which clear from the para 2 of the said TN. Moreover, only in case where compulsory registration under ....
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....Section 24 of CGST Act, is not warranted, PAN will be authorised as IEC. Reply By Ganeshan Kalyani: The Reply: You can use GSTIN . Reply By KASTURI SETHI: The Reply: Abstract of FAQ released on 7.7.17 by DGFT Q11. How to update GST number in IEC? Reply. There is no need to update or incorporate the GSTIN in the IEC. However, it is informed that all IECs issued with effect from 1-7-....
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....2017, would reflect PAN as IEC. Reply By KASTURI SETHI: The Reply: ABSTRACT OF CBEC's Circular released in July, 17 IV. Changes in import procedures : Importer Exporter Code (IEC) : In GST regime, GSTIN would be used for credit flow of IGST paid on import of goods. Therefore, GSTIN would be the key identifier. DGFT in its Trade Notice No. 09, dated 12-6-2017 has stated that PAN w....
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....ould be the Import Export Code (IEC). However, while PAN is identifier at the entity level, GSTIN would be used as identifier at the transaction level for every import and export. Further, in scenarios where GSTIN is not applicable, UIN or PAN would be accepted as IEC. It is advised that all importers need to quote GSTIN in their Bills of Entry in addition to IEC. In due course of time IEC would b....
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....e replaced by PAN/GSTIN. Reply By YAGAY AND SUN: The Reply: Please also check Trade Notice No. 02/2018-19 dtd. 11th April 2018 Launch of facility to check status of Importer Exporter Code (IEC) application made to DGFT. IEC holders may please note that IEC is ready for Import/ Export of goods only after IEC details get successfully registered at DGFT and accepted by ICEGATE (Customs).<br> Discu....
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