Today, India is a vibrating place in a matter of international business. Government’s business-friendly policies and aggrandizement of start-up culture in the country are redefining the entrepreneurship culture in the country. Today the advent of cutting-edge technology and globalization are inspiring aspiring entrepreneurs to expand their business in the international market. But, to expand business in the international market there are several procedures and laws in place and different registration processes. Import and Export Code Registration is one of such prerequisites when it comes to importing or exporting from India. What is Import and Export Code? Import and Export code is a unique 10-digit code issued by the Director General of Foreign Trade (DGFT), Ministry of Commerce, imperative for every import/export business owner in India. There is no need for filing or renewal of Import Export Code (IEC). Importers use IEC code to clear customs and shipment and to transfer money to foreign banks. Exporters use IEC code to send shipments and receive money from foreign banks. Without IEC code, import/export business owners cannot operate globally. Steps Involved in Import and Export Code Registration in India:
Advantages of IEC Code Registration in India:
Global Jurix
S-191 C, 3rd floor, Manak Complex School Block, Shakarpur New Delhi - 110092, India, Website:www(dot)globaljurix(dot)com Call at: +91-9810-062-387 Mail at: corporate(at)globaljurix(dot)com Comments are closed.
|
|