What is Paypal Export Code ? How to Get Export Code ?
Author: Sourish (23 Articles)
Paypal has resumed its service to India Bank Withdrawal requests with a condition to include Export Code while withdrawing funds in your bank. Everyone wants to know what is this Export Code. Is it the Export License that they mean which is provided to exporters.
Well this is not the case. You dont need an export license to withdraw funds if you are a freelancer.
How to Get Export Code ?
For Freelancers and Individual applicants:
- Details of all Proprietor (Full name, Fathers name, Residential address, phone number, email address)
- Details of address of the individual along with following details:
- PAN card of the company/individual
- Type of exporter (Merchant, Service provider, Manufacturer etc.)
- Bank account details of the company/individual
- Bankers certificate (in specified format)
- DD of Rs. 250/- as application fees in favour of JDGFT or DGFT depending on the region in which the registered office is situated.
- An application to the concerned officer (JDGFT/DGFT) and all the papers in Duplicate set.
- More Information : http://elagaan.com/ and http://dgft.gov.in/
- Here is reply i received from Paypal when i enquired about this Export Code :
- Hi
Happy Holi to everybody.
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Well i got the answer from Paypal about the export code.
Thank you for reaching out to us. I?m contacting you on behalf of
Farhad Irani regarding your email below.
This code will be issued to you by PayPal. We should be updating you on
this process by 03/03/10. Any India account that is selling a good and
or service will need this code.
We appreciate your patience and understanding regarding this matter, and
wish you continued success on PayPal.
Sincerely,
Alissa
PayPal Customer Solutions
PayPal, an eBay Company
