Import Licence for Restricted Items. Following is the import license procedure: a We shall check your eligibility. To know more about our Additional Cutom Refund Services, contact us here. Validity of Import License Import Licenses are valid for 24 months for capital goods and 18 months for raw materials components, consumable and spares, with the license term renewable.
Top 3. Sample of Import License A typical sample of import license consists of two copies- Foreign Exchange Control Copy To be utilised for effecting remittance to foreign seller or for opening letter of credit Customs Copy To be utilised for presenting to Customs authority enabling them to clear the goods. Top 4. Category of Importer On the basis of product to be imported and its target buyer, importers categories are divided into three groups for the purpose of obtaining import licensing: 1.
The two types of actual user license are: 1. Top 5. Custom Inspection Any violation in the import license is usually scanned by the custom officials of the custom department. Top 6. Registration for Importers Registration of importer is a pre-requisite for import of goods. Surrender of IEC No a. The application duly signed by the applicant should be supported by the following documents: 1. Process of Online Application On-line form has been designed to ensure feeding of all the required information by prompting user wherever a field is left blank.
There are 2 options for payment of fee. Guidelines for filling up IEC Form 1. Any product declared as Freely Importable Item does not require import licenses. Licensed Imports: There are number of goods, which can only be importer under an import license. This category includes several broad product groups that are classified as consumer goods; precious and semi-precious stones; products related to safety and security; seeds, plants and animals; some insecticides, pharmaceuticals and chemicals; some electronically items; several items reserved for production by the small-scale sector; and 17 miscellaneous or special-category items.
Canalised Items: There are certain canalised items that can only be importer in India through specified channels or government agencies. These include petroleum products to be imported only by the Indian Oil Corporation ; nitrogenous phosphatic, potassic and complex chemical fertilizers by the Minerals and Metals Trading Corporation vitamin- A drugs by the State Trading Corporation ; oils and seeds by the State Trading Corporation and Hindustan Vegetable Oils ; and cereals by the Food Corporation of India.
Prohibited items: Only four items-tallow fat, animal rennet, wild animals and unprocessed ivory-are completely banned from importation. Category of Importer On the basis of product to be imported and its target buyer, importers categories are divided into three groups for the purpose of obtaining import licensing:. Actual Users - An actual user applies for and receives a license to import of any item for personal use rather than for business or trade purpose.
Vakilsearch will smoothly execute the import-export license online registration process for you. Our dedicated representatives will file the IEC application on your behalf. Post the submission; we would be doing the necessary coordination with the DGFT for expediting your application.
We will ensure you receive your import-export licence in just a few days. NGO specifically refers to a non-governmental organisation with no government affiliation and …. Kaviya A. Jul 29, 1, 3 mins.
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