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Import Export Code Registration in Kerala

Tuesday, 05-May-2020

The Foreign Trade Policy

The present import policy and procedures in respect of various commodities/category of importers, are, inter alia, contained in the following publications issued by the Ministry of Commerce and revised from time to time: The Foreign Trade Policy, 2009-14. Annual Supplement to the Foreign Trade Policy, 2009-14. Handbook of Import - Export Procedures (Volume 1 &. 2). lTC(HS) Classification of Import and Export Items.

The Import Export Code Registration in Kerala and Procedure books issued by the Government are amended/clarified/ explained by the Ministry of Commerce from time to time. The types of Notifications/ Clarifications/Instructions issued by the Ministry for this purpose are:

Public Notices ,Notifications ,Policy Circulars

Registration with Regional Licensing Authority is a pre-requisite for import of goods. The Customs will not allow clearance of goods unless the importer has obtained IE Code Number from Regional Licensing Authority. However, no such registration is necessary for persons importing goods from/ to Nepal provided value of a single consignment does not exceed Rs. 25000/-. An application for grant of lEC Code Number should be made in the prescribed proforma as per the procedure detailed in the second part of the book.

for import in ITC (HS) Classification of Export and Import items; import of such items are freely permitted. There is no need to obtain any license or permission for importing such goods. The ITC (HS) Classification of Export and Import items contains 99 chapters and in each chapter there are column heading covering Exim Code, items description, policy and nature or restriction. The information related to import policy for any item can be obtained from DGFT's site (www.dgftcom.nic.in) under Customs Duty Calculator Schedule. Prohibited items are not permitted to be imported at all.

An application for grant of an import licence or CCP for import of the items mentioned as restricted for import in ITCCHS) Classification of Export and Import items may be made to the regional licensing authority concerned.

Besides import licence for import of restricted items there are other variety of licences and such licences have different period of validity.

Proper selection of the commodity will depend up on various commercial and legal considerations including the regulations contained in the current Import Export Policy, Procedure, while selecting the product, particularly for commercial purposes one should know the export regulations in the exporting countries http://www.companyregistrationkerala.in.