The first requirement before you start an import/ export business in India is to obtain an IEC. An IEC is necessary for import/export of goods. In case the import/export is of services or technology, IEC is required in only limited circumstances, when import/export is in 'specified services...
There are many Australian business acronyms and terminologies, and ANZSIC is one of these. In this quick article, you’ll find out what ANZSIC stands for, what...
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The difference between an HS code and HTS codeis the number of digits within the code. A code with six digits is a universal standard (HS Code) and a code with 7-10 digits (HTS Code) is often unique after the sixth digit and determined by individual countries of import. Let’s take ...
What is an HS code? Harmonized System (HS) codes are a unique identifier to classify the exact type of goods you are shipping. HS codes were created by the World Customs Organization, and are internationally recognized in almost every country. As customs and government bodies now have a com...
The first is an Import Export Code (IEC), a business identification number issued by the Directorate General of Foreign Trade (DGFT). The second is an Authorised Dealer Code (AD Code), without which you cannot complete customs clearance of your goods. In this quick and complete guide to ...
Well, the answer is simple. They are both the same. Harmonized System (HS) codes are often used interchangeably with Tariff Code. Tariff Code is an internationally recognized numerical system created by the World Customs Organization (WCO) with the purpose to facilitate international ...
A component is a discrete unit of functionality, usually conceived as an “object” or set of objects conforming to an object-oriented model. OK, is that vague enough? Basically it is a chunk of code that does something specific. I included the object-oriented bit because that’s how I ...
•What is an IBAN and how is it different from a SWIFT/BIC code? •How do SWIFT/BIC codes work? •When do you need a SWIFT/BIC code? •Do all banks have a SWIFT/BIC code for international transactions? •How do you find a SWIFT/BIC code? •What are the alternatives to...
An authorization code is an alphanumeric password that authorizes its user to purchase, sell or transfer items, or to enter information into a security-protected space. An authorization code is typically a sequence of letters, numbers, or a combination of both, that validates a person's identity...