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Showing contexts for: import export code in S.Suresh vs State Rep By on 28 April, 2023Matching Fragments
10.1 Mr.B.Kumar, learned Senior Counsel representing Mr.N.Balaji, counsel on record for the petitioner/A1 submitted that the issuance of DEPB is concerned, the firm which has got Import Export Code (IEC) alone is entitled to undertake export or import, such licence is issued by the Director General of Foreign Trade [hereinafter referred to as 'DGFT' for the sake of convenience]. To motivate such exports, the Government give benefits proportionate to the value of exports, by way of a scheme viz., DEPB in the form of DEPB credit, which can be used by the exporter as against the payment of customs duty either by himself or it can be transferred to others, who can avail such credit.