IE Code Guide for India

Introduction IE Code is a 10 digit number issued by Director General of Foreign Trade, Department of Commerce, Government of India. This number is mandatory for international trade of Export and Import by any bonafide person/ company starting a business. An application to the Regional Authority of the Directorate General of Foreign Trade (DGFT) to be made in the Aayaat Niryaat Form 2A (ANF 2A) format in the region where the registered office of the company [...]

Import Export Code Exemptions in India

Introduction IEC (Import Export Code), is a 10 digit unique number that is required for an exporter and an importer. IEC code (Import Export Code) is mandatory for good and not for services. DGFT (Director General of Foreign Trade) and Ministry of Commerce in India are high authorities that issue the Import Export Code (IEC). Exemptions  Foreign Trade Policy of India that exempts the following from getting IEC code number as follows: [...]

Import and Export Code in India

Introduction Sellers selling goods outside the state/country is called the export of good and purchasing goods from other countries is called import of goods. When you decide to sell the goods and services of your firm in international markets, first obtain the Import Export Code (IEC). In the process of import and export of goods, IEC is used for clearing goods from custom authority or service provider. It is a [...]

Import Export Business In India

Introduction to Import-Export Business The internet and it's related applications have opened up a world of new options and opportunities for income generation and business creation. The inception of e-commerce has most definitely been a game changer in the way businesses have started functioning. It has made for every business to have the potential to reach a global audience from the comfort of their homes and help trade goods and [...]

Export Business and its Registration

Introduction According to the Recent Report by HSBC, India has entered into the race of leading exporters and will be among the top 5 exporters in the world by the year 2030. Presently, India is the 14th largest exporter in the world exporting a wide range of products including both goods and services. The export rate per annum is rising upwards contributing in the sound economy of a country. It is observed that the [...]