How To Get Licence For Export And Import In India

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In fact the entire processing is quick and you receive the import export license within 15 days from the date of application. Import export license is issued for the specific category of product you apply for.

What Is Import Export Code It Is A 10 Digitunique Code Required To Be Obtained From Directorate General Of Foreign Tr Coding Online Coding Online Application

What is import export license.

How to get licence for export and import in india. So it takes 1 5 working days to get your import export license registration certificate. But in certain cases it may take another day since it is based on final approval from dgft. You can apply for the license online on the directorate general of foreign trade portal.

As per the foreign trade policy all goods may be exported without any restriction except to the extent such exports are regulated by the itc hs classification of exports and imports items or any other provision of the policy or any other law for time being in force. Import export license is a 10 digit numeric code which is used in international trade transactions and import export of goods from to india to another country. You can now also submit an online iec application at dgft gov in with the required documents and fee of rs.

India s import and export system is governed by the foreign trade development regulation act of 1992 and india s export import exim policy import and export of all goods are free except for the items regulated by. You need to pay an additional fee if you want iec for additional product categories. Getting import export license once you have submitted your application along with all the documents it will be processed by the government department a pre screening of your application takes place before it is forwarded to the higher authorities in case of any errors or discrepancies a deficiency letter is sent to you.

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It generally takes only 1 day to get your import export code iec license. You need to keep in mind the following points before applying for an import export licence in india you need to choose your products carefully. Impexperts is the world of import export helps keen entrepreneurs to start their exim business in india with proper guidance and documentation.

To view the latest trends on india s exports and imports fy2018 19 click here. This code is better known in india simply as an export license and is easy to apply for and get from the zonal or regional office of dgft which has jurisdiction over your location of business. To learn about establishing an export import business in india read our article here.

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