Definition:
An import export business is a company that facilitates trades of goods and commodities between domestic and foreign companies. In other words, it’s a company that buys goods internationally and ships them in for domestic purchases and vise versa.
In our country, the law governing export and import is Foreign Trade (Development and Regulation Act), 1992 which has replaced the Imports and Exports (Control) Act, 1947 which gave ample powers to authorities’ concerns to control it.
Who is controlled in import export licence?
DGFT or Directorate General of Foreign Trade is a government organisation in India responsible for the formulation of guidelines and principles for importers as well as exporters of country. … Apart from Exim Policy, DGFT is also responsible for issuing IEC or Import Export Code.
IECfull form?
import and export code.
Procedure to Apply IEC code and Government Fees.
Fill this online application form.
Upload the required documents (you can also send your documents at our email id infoieccodeindia@gmail.com.
Make an online payment.
Receive your certificate on Mail.
Import and export code Document and how to apply and Government Fees?