Government of India
Ministry of Commerce and Industry
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi.
Trade Notice No. 13/2015-20
New Delhi, Dated: 15/01/2016
To
1. All Regional Authorities
2. Central Board of Excise & Customs
3. FIEO, CII, ASSOCHEM, Electronic & Computer Software EPC, EEPC India, Export
Promotion Council for EOUs/SEZs, Project Export Promotion Council of India,
Services Export Promotion Council.
Subject: Reporting of trade statistics relating to export/import of
services-reg.
As of now, the data on services trade is managed by RBI; but the present
reporting system is inadequate in many respects. Since there is little voluntary
compliance of reporting of trade statistics relating to export/import of
services, data reporting system needs a major improvement. Therefore, the
Department of Commerce through DGCI&S is undertaking an exercise of collection
of data/ statistics relating to import and export of services.
- As per the Section 7 (as amended in 2010) of FTDR Act, no person can
export/import merchandise without getting an Importer Exporter Code (IEC).
But such a requirement is not mandatory for an exporter/importer of services
under the same Section of the FTDR Act unless an exporter wants to take any
benefit under FTP.
- All data on import/export of merchandise are IEC based. Similarly, the
Department of Commerce would like to capture Services trade data on the same
line. In the absence of IEC for most service exporters, the services trade
data as of now in not comprehensive. We must appreciate that any policy
intervention by the Government of the day requires authentic data and its
analysis. Accordingly, it is felt that all services exporters should have
IEC at least for the purpose of comprehensive data collection.
- In view of the above, all those exporters of services who do not possess
IEC are urged to voluntarily obtain IEC from Regional Authorities of (RAs)
of DGFT. All trade and industry chambers are requested to impress upon their
members (exporters of services) to voluntarily obtain IEC and use it while
effecting export /import of services so that trade statistics relating to
export/import of services can be captured effectively.
(S.P. Roy)
Jt. DGFT
F. No. 01/93/180/09/AM-16/PC-II(B)
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