dgft consultant

dgft consultant

Directorate General of Foreign Trade (DGFT) is an organization under the Ministry of Commerce and Industry, Government of India, responsible for the regulation and promotion of foreign trade in India.  dgft consultant provide effective and specialized services at an affordable cost. Be it export and import licensing, technical terms, transactions, DGFT appeals and adjudication, or anything else, you will always find a customized strategy to excel at Exim Vidya Consultant!

Some of the major services provided by DGFT:

  • Issuance of Importer Exporter Code (IEC)
  • Foreign Trade Policy (FTP)
  • Export Promotion
  • Licenses and quotas
  • Authorization for Duty-Free Imports
  • Export Obligation Discharge
  • Trade Dispute Resolution
  • Online Services
  • Policy Interpretation
  • Training and capacity building
dgft consultant

Import Export Code (IEC Code)

Import Export Code (IEC Code) is a 10-digit alphanumeric code that is mandatory for Indian traders to import and export from abroad. It is issued by the Director General of Foreign Trade (DGFT). IEC number is mandatory for businesses engaged in import and export activities in India. Businesses in India without IEC code cannot import or export goods or services from India. The code is used to track and regulate import and export transactions, and is required for customs clearance, availing benefits under various trade agreements, and other government processes related to international trade. IEC code also helps traders promote business activities internationally and avail of government schemes.

Importance of IEC Code:

  • IEC code allows companies to trade in foreign markets.
  • Eases banking processes for international transactions
  • Useful for availing of various government scheme

Conclusion:

dgft consultants help you obtain IEC with their simplified procedure. Obtaining IEC opens up opportunities for your business to establish a global presence. Additionally, it helps in registering with global online marketplaces like Amazon, Alibaba, etc. These export incentives are mainly in the form of refunds of taxes already paid for manufacturing or sourcing the export product. IEC is a mandatory requirement for claiming these export incentives.

 

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