New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Who among the following is/are required to obtain IEC or

    import-export code?
    A Proprietorship Correct Answer Incorrect Answer
    B Partnership Correct Answer Incorrect Answer
    C LLP Correct Answer Incorrect Answer
    D Trust Correct Answer Incorrect Answer
    E Any party who wants to import or export Correct Answer Incorrect Answer

    Solution

    IEC Stands for IMPORTER EXPORTER CODE. No export or import shall be made by any person without an Importer-Exporter Code (IEC) number unless specifically exempted. An application for grant of IEC number shall be made by the Registered/Head Office of the applicant to the licensing authority under whose jurisdiction, the registered office in case of company and Head office in case of others, falls. Option of filing an online application followed by submission of physical copy of application can also be exercised to avoid delay caused by deficient applications.

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