An Import-Export License, often referred to as an Import-Export Code (IEC), is a registration required for individuals or businesses engaged in importing or exporting restricted goods from India. This licence is issued by the Directorate General of Foreign Trade (DGFT), under the Ministry of Co...
While there are numerous opportunities for lucrative export business in India, starting on a solid foundation is critical. And that begins with obtaining the necessary permits and approvals, such as an Indian export license. This article explains all you need to know about the export license and ...
The procedure for getting an import-export license in India Applying for the import-export licence in India isn't a hassle as the application is online through the DGFT Website. The step-by-step instructions on how to apply for the license are below: On the portal, click the homepage, an...
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An import license may be either a general license or specific license. Under a general license, goods can be imported from any country, whereas a specific or individual license authorizes import only from specific countries. Import licenses are used in import clearance, renewable, and typically val...
Master India’s Import-Export GameGet Your Personalized India Freight Quote Economic Overview of India in 2025 Amidst recent global turbulence, India has demonstrated remarkable economic resilience, positioning itself as the world’s fastest-growing major economy starting in 2023. The nation’s economic...
02 Restricted • Import/export only after obtaining an import/export license from the relevant licensing authority • E.g. Food Safety and Standards Authority of India for several food products. 03 Prohibited • Strictly prohibited on all import channels in India • E.g. Certain animal ...
Prepare the required information if your company plans to import or export to India starting from Oct. 1, 2023. References Circular No. 15/2023-Customs - Mandatory additional qualifiers in import/export declarations in respect of certain products wef 1.7.2023 Circular No. 18/2023-Customs - ...
Corporate Accounting Services Senior Associate Divyansh Srivastava provides an overview of the import and export procedures in india. India’s merchandise exports had recently surpassed the government’s target of US$400 billion, with an unprecedented growth of US$417.81 billion...
Despite relatively highimport tariffsin many categories, India's agricultural food imports have quadrupled (in nominal terms) during the past decade, to reach US$4.3 billion by 2004. Edible oils have accounted for the major share of this import growth: despite very high import tariffs, the categ...