Free Classifieds at Hot-Web-Ads.com - View Item Content by ID 15111925
Hot-Web-Ads > Business Opportunities > Money Making > Item ID 15111925
Item ID 15111925 in Category: Business Opportunities - Money Making
Cannot view this item. It could be pending, expired or deleted.
Below item is randomly selected from the same category and may have similar content.
How to get an Export and Import License in India | |
In today’s age of cut-throat competition and globalization, every business aspires to grow and expand beyond the limits of its domestic market. While diving into the overseas market may look promising, there are certain regulations and compliances that one needs to be aware of, starting with acquiring an Import Export Code (IEC) license. The Importer-Exporter Code, popularly known as an IEC number, is a business identification number issued by the Director General of Foreign Trade (‘DGFT’), Ministry of Commerce and Industry, nowadays, the PAN number of the applicant is treated as the IEC, however, application for registration is mandatory, to get oneself enrolled on the DGFT portal. Unless specifically exempted, no person can make any export or import of goods & services without obtaining an IEC. An IEC registration certificate is thus mandatory for individuals and businesses looking to get involved in the import/export business. If an importer does not have both GST Registration and an IEC code, the goods sought to be imported may get stuck at the port and start incurring demurrage charges or can even be destroyed. IEC enables importers to clear customs and shipments and allows them to transfer money to foreign banks. Conversely, exporters require an IEC to send shipments and receive money from foreign banks. The code is hence essential for clearing customs, facilitating international transactions, and complying with various trade regulations.  | |
| Related Link: Click here to visit item owner's website (0 hit) | |
| Target State: All States Target City : New Delhi Last Update : Apr 22, 2024 2:02 AM Number of Views: 6 | Item Owner : Seedlingasociates Contact Email: Contact Phone: 07428899959 |
| Friendly reminder: Click here to read some tips. | |
Hot-Web-Ads > Business Opportunities > Money Making > Item ID 15111925
© 2024 Hot-Web-Ads.com
USNetAds.com | GetJob.us | CANetAds.com | UKAdsList.com | AUNetAds.com | INNetAds.com | CNNetAds.com | USAOnlineClassifieds.com
2024-04-23 (0.330 sec)