import-export code

Top 10 export products from India

Top 10 export products from India

In the first seven months of 2021-2022, India has made record progress in the number of exports. From April – to September 2021, India has exported goods worth more than $197 billion, and the monthly export amount has been above the $30 billion mark. Hence, Export business in India is highly profitable. If you also … Read more

How to Start Logistics Company in India?

How to start Logistics Company in India

Any industry or business relies heavily on the flow of commodities. Seeds and insecticides, for example, are essential for farmers in the agricultural sector. As a result, they need the transportation of these items from the producer to their location. Manufacturers send their products to online retailers, where they are stored and delivered to customers. … Read more

New Tax Refund Scheme for Export Sales

New Tax Refund Scheme for Export Sales

Despite the fact that the government’s earlier plan to boost exports via subsidies hasn’t worked, the new tax rebate scheme for export industries have received quite good acceptance and are assisting the country’s merchandise exports to reach a record $400 billion current financial years as per the Commerce and Industry Minister. Thus, Every exporter must … Read more

Budget 2022: Import Duty reduced on Diamonds and Gemstones

Budget 2022 Import Duty reduced on Diamonds and Gemstones

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

IEC Code for sole Proprietorship firm

IEC Code for sole Proprietorship firm

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

How to Download IEC Certificate Online

How to Download IEC Certificate Online

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

DGFT exempted the Foreign Trade Policy

DGFT exempted the foreign trade policy

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

Indian tobacco seeks 5% tax relief to boost exports

Indian tobacco seeks 5% tax relief to boost exports

The tobacco industry in India wants tax incentives to assist boost exports. As we all know, there’s a decreasing export base due to an increase in competition from smaller nations. Therefore, Indian Tobacco seeks 5% tax relief. The Indian Tobacco Association (ITA) which accounts for 90%-95% of the export of tobacco has requested that the … Read more

DGFT Extended Last Date for IEC Updation/ Modification

DGFT Extended Last Date for IEC Updation Modification

Good News for Importers and Exporters as DGFT Extended Last Date for IEC Updation/ Modification. However, the extended last date is for a limited time only. Furthermore, DGFT has also given a fee waiver for IEC updation.In this article we will discuss in detail about  DGFT Extended Last Date for IEC Updation/Modification. DGFT Extended Last … Read more

Documents required for IEC Code Registration

Documents Required for IEC Code Registration

Everyone wants import and export business lucrative these days. However, When it comes to commencing a business, there are numerous factors to consider, one of which is the IEC Registration and License. Therefore, in this article we will read about IEC Code Registration and Mandatory documents required for IEC Code Registration. Who issues IEC Code? … Read more