Export Import License Number in India
An Export Import Code (IEC) is a unique identification number issued by the Directorate General of Foreign Trade (DGFT) to Indian entities that are involved in importing or exporting goods. The IEC is mandatory for all import and export transactions, and it is used to track and monitor trade flows.
To apply for an IEC, the entity must have a valid Permanent Account Number (PAN) and a bank account. The application can be submitted online through the DGFT website. Once the application is approved, the entity will be issued an IEC certificate.
The IEC number is a 10-digit alphanumeric code that is used to identify the entity in all import and export transactions. The first two digits of the IEC number represent the year in which the IEC was issued. The next two digits represent the month in which the IEC was issued. The remaining six digits are a unique identifier for the entity.
The IEC number is a valuable tool for businesses that are involved in import and export trade. It can be used to:
- Track and monitor trade flows
- Obtain government approvals for import and export transactions
- Get preferential treatment in government schemes and programs
- Access trade finance
DGFT Services
The DGFT provides a wide range of services to exporters and importers. These services include:
- IEC registration
- Import and export licensing
- Export promotion schemes
- Market research
- Trade facilitation
The DGFT also has a number of publications and online resources that can be helpful to businesses that are involved in import and export trade.
Benefits of Export Import License
There are a number of benefits to obtaining an export import license (EXL). These benefits include:
- Increased market access: An EXL can give you access to new markets that you would not be able to access without a license.
- Reduced costs: An EXL can help you to reduce your costs by giving you access to preferential tariff rates.
- Improved brand image: An EXL can help you to improve your brand image by demonstrating that you are a legitimate and reputable exporter.
- Increased government support: An EXL can help you to obtain government support for your export activities.
Export Promotion Councils in India
There are a number of export promotion councils (EPCs) in India that provide support to exporters. These EPCs offer a range of services, including:
- Market research
- Trade promotion
- Training
- Financial assistance
The EPCs can be a valuable resource for businesses that are looking to export their products or services.
List of Export Promotion Councils in India
Here is a list of some of the export promotion councils in India:
- Export Promotion Council for Handicrafts (EPCH)
- Export Promotion Council for Leather Goods (EPCL)
- Export Promotion Council for Footwear (EPCF)
- Export Promotion Council for Electronics (EPIE)
- Export Promotion Council for Textiles (ECPT)
- Export Promotion Council for Gems and Jewellery (EPCGJ)
- Export Promotion Council for Pharma (EPCP)
- Export Promotion Council for Marine Products (EPCMP)
- Export Promotion Council for Agro & Allied Products (EPCA)
These are just a few of the many export promotion councils in India. To find out more about the EPCs that are relevant to your business, you can visit the DGFT website.
Conclusion
An export import license (EXL) is a valuable tool for businesses that are involved in import and export trade. The EXL can help you to increase your market access, reduce your costs, improve your brand image, and obtain government support. There are a number of export promotion councils (EPCs) in India that can provide support to exporters. The EPCs offer a range of services, including market research, trade promotion, training, and financial assistance.
Export import code license number for SMEs India
We provide import export code license number for Small Medium Business located in India. To get export or import their goods or services.
Import export code license number Mumbai Maharashtra
As in Mumbai Maharashtra we can provide consultancy services for DGFT services like IEC code license number, ICEgate registration, AD code registration for Small medium Enterprise located in Mumbai, Maharashtra.
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