If you want to do an import and export business for your company, you need to get your hands on an IEC or to be precise, an import export code. It is a 10 digit number that is issues y the Director General of foreign trade, department of commerce, Government of India.
There is no way to take part in an import and export business without this code. To that end, obtaining an import and export code is not necessarily an easy task. You would have to make sure that your business adheres to the rules and regulations that have been setup by the department.
The steps associated with getting the IEC doe are as follows:
All these steps need the assistance from the experts. To that end, you can ask for assistance as well.
If all the documents are correct, the IEC doe will be dispatched by post to the applicant’s address.
As the code reaches you, you are going to be eligible for IEC.
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Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.