Draft Scheme for Channelizing Black Money India needs Infrastructure development in a big way. Any amount of foreign investment will not be sufficient for the infrastructure development India need and that too in a rapid phase. No person is without tension in safeguarding the money earned through dubious means and 60 to 75% of the […]
PFA
Now, vide public notice no. 83, dated 30th Jan'15, it has been notified that the e-application for IEC shall be mandatory from 1st Feb'15. However, at the same time, DGFT has notified following banks with whom net banking facility needs to be accessed for online application of IEC: PUBLIC NOTICE NO. 83 (RE)2013/2009-14,
Online application for IEC Registration Mandatory from 1st Feb'15
Posted by CA Sandeep Kanoi
CA Sumit Grover
In Nov'14, vide public notice no. 76, DGFT had made e-application for IEC(Import Export Code) mandatory from 1st Jan'15 onwards. However, in Jan'15, vide public notice no. 80, the same was kept in abeyance till further notified date.
Now, vide public notice no. 83, dated 30th Jan'15, it has been notified that the e-application for IEC shall be mandatory from 1st Feb'15.
However, at the same time, DGFT has notified following banks with whom net banking facility needs to be accessed for online application of IEC:
- HDFC Bank;
- ICICI Bank;
- Bank of India;
- State Bank of India;
- Central Bank of India;
- Punjab National Bank;
- IDBI;
- Axis Bank;
- Union Bank of India;
- Oriental Bank of Commerce
The applicants, who don't have the net banking facility with any of the aforesaid banks may continue to apply IEC physically till any further date is notified for such category of applicants.
Related Public Notice is as follows :-
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
PUBLIC NOTICE NO. 83 (RE)2013/2009-14,
Dated: January 30, 2015
Subject: Online IEC applications: Operationalisation of the Public Notice No. 76 dated 27/11/2014.
The operationalisation of the mandatory system of online applications for IEC with effect from 01/01/2015 was notified vide Public Notice 76 dated 27/11/2014. This was, however, kept in abeyance vide Public Notice No. 80 dated 6.1.2015.
2. Now, in exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy (2009-2014), the Director General of Foreign Trade hereby notifies operationalisation of the new system of applications for online IEC with effect from 01/02/2015. Applicants having access to net-banking facility with the following ten notified banks, namely, i) HDFC Bank; ii) ICICI Bank; iii) Bank of India; iv) State Bank of India; v) Central Bank of India; vi) Punjab National Bank; vii) IDBI; viii) Axis Bank; ix) Union Bank of India; x) Oriental Bank of Commerce, can apply online in the format notified vide Public Notice No. 76 (RE-2013), dated 27/11/2014 as per detailed guidelines laid down in Public Notice No.79 dated 31/12/2014.
3. Applicants who do not have access to net banking through the above banks can submit manual applications for IEC as before (existing prior to 01/02/2015), in physical form in the existing format (ANF-2A) and procedure with documents as prescribed therein, until further notice.
4. Effect of this Public Notice: The new system of online applications for IEC as per the Public Notice No. 76 (RE-2013)/2009-2014 dated the 27th November, 2014 will be operationalized with effect from 01/02/2015. The facility of submission of application in manual mode will, however, continue for those applicants who do not have access to net banking facility with the ten notified banks, as listed in Para 2 above. Applicants, applying for IEC in manual mode, may utilise the existing format (ANF 2A, as existing prior to 01/02/2015) and procedure to submit applications to RA's office with documents as prescribed therein.
[F.No.01/93/180/20/AM-13/ PC-2(B)]
(Pravir Kumar)
Director General of Foreign Trade
Director General of Foreign Trade
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The Project marks a major step in ensuring TDS compliance through the processing of TDS returns and comprehensive data processing of TDS statements using technology driven end-to-end processes. At present 15 Lakh deductors and 2.5 crore tax payers are using various e-enabled online services through the CPC (TDS).
Gold award for Income Tax Department under National Award on E-Governance 2014-15
The Income Tax Department has been awarded GOLD by the Government of India under category "Cat-I-Excellence in Government Process Re-engineering" for National Award on e-governance 2014-15. The award has been conferred for "TDS Reconciliation Analysis & Correction Enabling System (TRACES)" project launched by the Department.
The Project marks a major step in ensuring TDS compliance through the processing of TDS returns and comprehensive data processing of TDS statements using technology driven end-to-end processes. At present 15 Lakh deductors and 2.5 crore tax payers are using various e-enabled online services through the CPC (TDS).
The award was presented today during the 18th National Conference on e-governance held at Mahatma Mandir, Gandhinagar, Gujarat.
This third award on e-governance to the Income Tax Department in the last 5 years speaks volumes about the commitment of the Department to e-governance and to move towards a non-adversarial and tax-payer friendly regime.
The Companies incorporated under the Indian Company Law are required to frame different Policies/ maintain systems/ plans and devise Codes of/ for the Company/ Board of Directors and Senior Management Personnel/ Directors and Employees etc. pursuant to the provisions of the Companies Act, 2013 and other corporate laws.
PFA
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