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...
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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...
It is significant to note that the ITC (HS) Schedule I and Schedule II, respectively, outline the item-by-item import/export policy. The policy in effect on the date of import or export determines an item’s importability and exportability. An import license may be either a general licens...
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 ...
Current Scenario of Imports in India There are few goods which cannot be imported namely tallow fat, animal rennet, wild animals, unprocessed ivory etc. Most of the restrictions are on the ground of security, health, environment protection etc. Imports are allowed free of duty for export ...
Import Export Code number is the primary proof of a firm as an Exporter/Importer in India. Documents in respect of Individual/ Proprietor/ Partner/ Director Documents in respect of Entity How Aapka Consultant can help you? Copy of PAN Card ...
The information provided here is part of Import Export online Training Import customs clearance procedures in India Update: April, 2017: Reduced free period for filing BE and paying Import Duty Amendment of Sec 46 and Sec 47 of Indian Customs Act ...
Export Duties Goods subject to export duties are leather, wood, cocoa beans, palm oil, crude palm oil and metal mineral products. Export duty is calculated in accordance with a certain percentage of customs value (ad valorem) or specifically based on duty rate or quantity in a certain currency...
Play Video about Import Export Code Registration in India -Setindiabiz Benefits for Import Export Code Registration The Import export code registration is a simple process that must be undertaken by businesses involved in foreign trade. The Indian government has made IEC registration mandatory so ...