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A service or product that is purchased in one country but manufactured in another is referred to as an import. Imports and exports comprise of international trade. Exports are services and items that are produced in one country and sold to purchasers in another.
When the value of a country’s imports exceeds the value of its exports, the result is an impact on the trade balance, often known as a trade deficit.
Import Export Code (also known as IEC code) is a 10-digit identification number that is issued by the DGFT (Director General of Foreign Trade), Department of Commerce, Government of India. It is also known as Importer Exporter Code. Companies and businesses must obtain this code to start a business that deals with imports and export in the Indian territory. It is not possible to deal with export or import business without this IEC code. There are certain processes and conditions that you need to fulfill to obtain the Import Export Code(IEC code)
We are specialized digital marketing and consultancy services which help in business Start-up, Registration, License and Compliance.