It was on Tuesday that Finance Minister Nirmala Sitharaman came out with the Union Budget for 2022-23. She stated she wants to raise the basic customs duty (BCD) on many common items that people buy, like headphones or earphones. This is to help the country make more of these things in the country and support … Read more
India’s cosmetics market is nearly twice as large as those in the United States and Europe, and it is growing at an exponential rate. Because of the industry’s expansion, India’s Ministry of Health and Family Welfare has mandated that all items imported into the country must have a mandatory registration certificate. Consequently, whether you are … Read more
The IEC is required for buying or selling goods outside the nation and hence as a sole proprietor, you need to apply for IEC code registration. The IEC code is obtained from the Directorate General of Foreign Trade. It is a permanent 10-digit number to perform any foreign transaction. To acquire, the IEC code, a … Read more
Rice Export Business in India is highly profitable. Rice is one of the most grown crops in India and it is also one of the primary demands of foreign nations. As a result, exporting rice from India can be a successful business venture, and anyone interested in starting an import and export firm should know … Read more
One can not conduct their import and export business legally in India without having an IEC Certificate. Hence, the Import Export Code offers several advantages. You must also note that IEC Code or IEC Certificate is mandatory for every exporter except those who have an exemption under Foreign Trade Policy. As a result, it becomes … Read more
In India, if you want to start an export business, you need some major and important registrations. These are – AD Code Registration, Import Export Code Registration, FIEO Registration, GST Registration etc. These registrations are important not only for the government but also for you. These registrations such as Spice Board Registration also benefit you. … Read more
Export business is on rise, especially in India. It is also economically profitable for the government to have exported. Therefore, even the government is promoting high-quality export products. But still, it is a constant challenge for export businesses to improvise their business operations and earn global recognition. Thus, ISO Certification becomes effective here. So, In … Read more
At present, most of the businesses have gone international. Ports are an important part of Infrastructure that help in the successful import and export of Goods. Also, Ports help in military activities along with commercial ones. Thus, knowing ports in India is beneficial in multiple ways. In this article, we will know about Major Import … Read more
The existing foreign trade policy (FTP) from 2015 to 2020 that is applicable up to 30 September will now be up to 31 March 2022, the DGFT (directorate general of foreign trade) said in the notice. After the coronavirus outbreak, the policy was 1st delayed by a year to the end of 2020 march and … Read more
A critical news for exporters and importers in India. The news related to IE Codes. With effect from October 6, the Ministry of Commerce has decided to deactivate all Importer-Exporter (IEC) codes that have not been updated since January 2005, an action that will aid in accurately assessing the number of legitimate exporters and importers … Read more