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Jun 17, 2024 · IEC (Import Export Code) license is one of such prerequisites when you’re thinking of importing into or exporting from India. It is also known as Importer- Exporter Code. IEC (Import Export Code) is required by anyone who is looking to kick-start his/her import/export business in the country.
What is Import Management System. DGFT through its power under the FTDR Act notifies various restrictions or quota or conditions on import of goods into India. These restrictions may require a licence or registration be applied for and approved prior to the given imports.
After obtaining import licenses, importers are required to furnish import declaration in the prescribed Bill of Entry along with permanent account number (PAN) based Business Identification Number (BIN), as per Section 46 of the Customs Act (1962).
You can check the status of export and import licences on the ICEGATE - e-commerce portal of the Central Board of Excise and Customs (CBEC). Exporters and importers may either enter their licence number or file name in the search space for checking the status.
May 11, 2022 · Every importer/ exporter is required to get registration under Goods and Services Tax law to obtain GST Registration certificate. GST Number is required to be mentioned mandatory on all import/export documents. Export of goods or services or both are considered as “zero-rated supplies”.
Jan 27, 2024 · This comprehensive guide aims to demystify the fees associated with import-export licenses, providing detailed insights, a step-by-step breakdown, and addressing frequently asked questions (FAQs) to empower businesses in understanding and navigating the financial aspects of international trade.
IEC (Import Export Certificate) is mandatory for all the INDIAN importers. If you wish to sell/purchase goods and services across the globe, Get your Import/Export license in right way with Aleph INDIA.
