Changes in IEC with the introduction of GST-regd.
Trade Notice No.09\/2018 Dated:- 12-6-2017 Trade Notice
DGFT
No.01\/93\/180\/04\/AM-18\/PC-2(B)
\nGovernment of India
\nMinistry of Commerce & Industry
\nDirectorate General of Foreign Trade
\nUdyog Bhawan, New Delhi
\nDated 12.06.2017
\nTrade Notice No. 09
\nTo
\n1. All IEC holders\/applicants
\n2. All EPCs \/ All Chambers of Trade and Industries
\n3. FIEO\/ASSOCHAM\/CII
\n4. All RA's of DGFT
\n5. All field formations of Customs
\nSub: Changes in IEC with the introduction of GST-regd.
\nThe Foreign Trade (Development & Regulation) Act, 1992 provides that no person shall make any import or export except under an Importer Exporter Code (IEC) number, granted by the Director General of Foreign Trade or th<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n older. As GSTIN will be used for the purposes mentioned above, it thereby assumes importance as identifier at the transaction level. In view of this, it has been decided that importer\/exporter would need to declare only GSTIN (wherever registered with GSTN) at the time of import and export of goods. The PAN level aggregation of data would automatically happen in the system. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n P 2015-20, the IEC will be either UIN issued by GSTN and authorized by DGFT or any common number to be notified by DGFT. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Changes in IEC with the introduction of GST-regd.Trade Notice No.09\/2018 Dated:- 12-6-2017 Trade NoticeDGFTNo.01\/93\/180\/04\/AM-18\/PC-2(B) Government of India Ministry of Commerce & Industry Directorate General of Foreign Trade Udyog Bhawan, New Delhi Dated 12.06.2017 Trade Notice No. 09 To 1. All IEC holders\/applicants 2. All EPCs \/ All Chambers of Trade and Industries 3. FIEO\/ASSOCHAM\/CII 4. … Continue reading “Changes in IEC with the introduction of GST-regd.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-3643","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/3643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3643"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/3643\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n3. Since obtaining GSTIN is not compulsory for all importers \/ exporters below a threshold limit of turnover, all exporters \/ importers may not register with GSTIN [barring compulsory registration in certain cases as provided in section 24 of the Central Goods and Services Tax Act, 2017 (12 of 2017) or in cases where either credit is claimed of IGST], therefore, GSTIN c<\/p>\n
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\n5. Further, for the existing IEC holders, necessary changes in the system are being carried out by DGFT so that their PAN becomes their IEC. DGFT system will undertake this migration and the existing IEC holders are not required to undertake any additional exercise in this regard. IEC holders are required to quote their PAN (in place of existing IEC) in all their future documentation, w.e.f. the notified date. The legacy data which is based on IEC would be converted into PAN based in due course of time.
\n(S.P. Roy)
\nJoint Director General of Foreign Trade
\nTelefax: 23062240
\nE-mail: shyama.roy@nic.in
Circular, Trade <\/p>\n
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