Import Export License Through IEC Code Online Application

Import Export License Through IEC Code Online Application

An import export licence or an IEC is mandatory to any individual or company dealing in foreign trade. Any business or individual dealing in import export activities, will require an IEC code. The Director General of Foreign Trade or the DGFT issues this unique 10-digit code. One must be aware that an individual can legally own only 1 import export licence. This licence has no expiry, in other words, it is valid for a lifetime. An import export licence, also called IEC is necessary for an individual interested in foreign trade. One can apply for an IEC by keying into an iec code online application.

This user-friendly site helps individuals apply within the comfort of their home. Post filling of all the relevant details, information and upon submission, one will be issued the unique ten-digit code by the Director General of Foreign Trade issues upon the criterion being met. The Merchandise Exports from India Scheme or MEIS, that is under the Foreign Trade Policy of India, is a scheme that provides incentives to the exporter compensating the loss incurred during the payment of duties. This is done with the aim to show Indian products in the global market in a more competitive light. Infrastructural inefficiencies are also offset, with Indian product being in the limelight hence generating employment means.

Customs clearance agents can either be defined as an individual, or a company who has been authorised by the international custom authorities to smoothen clearance of a consignment at customs. Also called forwarding agents or custom brokers, these agents handle import export regulations and ensure that all the paperwork is in order, for the consignment to get a go ahead or receive clearance. If an individual or a company is interested in an import export business, but is wondering how to export from India, please note that one should be aware, and have thorough knowledge of all the documentation that is involved in this process, beginning with registering, and receiving an import export code.

Since there is an immense scope for the same with the liberalization of trade deals being signed supporting Indian trade. Once an individual or a company has obtained an IEC, or an import export licence, the next step taken is when the merchandise is required to be shipped. This is of prime importance for the business to embark upon successfully. Shipping services in India helps entrepreneurs do just that. The shipping services ensure once a consignment is handed over, it be delivered as soon as possible, to the assigned place and last but not the least, in mint condition, irrespective of the size of the merchandise. This is the solution to people in the import export business. 

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