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...
The IEC is mandatory for exports from and imports to India. Learn how to apply for the IEC license to open your business to international markets.
As India seeks to boost two-way trade, we discuss the import and export procedures, including updates under the Foreign Trade Policy 2023. A key goal for authorities is trade facilitation to streamline trade compliance and customs procedures – part of the broader India@2047 blueprint, which aim...
Using the temporary password, the next step is to login on the DGFT website and fill out the complete application, attach / upload the prescribed documents with it, and pay the prescribed application fees. After the application is complete, you can click on the “submit” option, and wait ...
Categories Import Export Tags How can I apply for an Import Export Code License?, How Do I Start A Spice Export Business Easily?, List of Important Documents Required for Spice Board Registration, Simple Steps For Spice Board Registration, Steps to Start a Spice Export Business in India, What...
The average North American home is filled with products made in other countries—maybe tapestries from India, shoes from Indonesia, or electronics from China. These products find their way to you through import-export businesses. They’re the matchmakers of global trade who connect manufacturers with...
Can Export /Import be made without Importer Exporter Code ? No. IEC forms a primary document for recognition by Govt. of India as Exporter / Importer. However, if value of goods is very law, the concerned customs officer may permit first export (only one time) by imposing penal charges....
After unloading (usually within 3 days), the importer or his agent must fill in the Bill of Entry in quadruplicate.The first and second are retained by the customs, the third by the importer, and the fourth by the bank where the importer pays the tax.Otherwise, high detention fees must ...
Exim Bank Export-Import Bank of the India. Provides guarantees of working capital loans for Indian exporters, guarantees the repayment of loans or makes loans to foreign purchasers of Indian goods and services. Exogenous Uncertainty Price or input cost uncertainty that is outside the control of the...
I WANT TO IMPORT MOBILE PHONES FROM CANADA TO INDIA . MOBILE PHONES ARE MANUFACTURED IN CHINA SO ORIGIN IS CHINA . WE HAVE TAKEN IMPORT EXPORT LICENSE FOR THE SAME . I DONT KNOW THE THE DUTY RATES. WILL YOU PLEASE GUIDE US .