Any transaction which is doing on international market called import or export. Taking product or services to the international market will expand your businesses .The first requirement before start an import or export goods and services in or from India is to obtain an import export code. ICE is required for registration. Import export code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. We focus on reduce international trade costs for helping of company and try to mitigate risk from import- export and improve supply chain efficiency in international market. We believe that customs and trade must be a prominent feature of any supply chain review or strategic planning process. Import- export code
When any dealer enters any international transaction they have to take import-export code because without import-export code they cannot do their business. Now-a-days for obtain import-export code user have to apply on-line.
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1. Import or export of goods for personal use, which is not connected with trade, manufacture or agriculture.
2. Import or export by government ministries and departments, and certain notified charitable organizations.
Import or export code is issued for the lifetime of the entity and requires no renewal. So once an import or export code is obtained, it can be used by that entity for all its import or export transactions without any further problem.
Import or export code does not require the filing of any return. Once, an import export code is issued there are no further procedures required to maintain validity of the import export code.
Even individuals who are proprietors of a business can obtain import- export Code in their name. It is not necessary to incorporate a business entity for obtaining Import- Export Code.
Import export code can easily be obtained from DGFT within 10-15 working days after submission of the application along with all the necessary information.
| Import | Export |
|---|---|
| 1 Foreign goods are substituting the domestic goods markets, so the domestic industries are eliminated. | 1 Low value-added exports can only get a small profit. |
| 2 Trade deficit will cause the currency devaluation, inflation. | 2Investment and labor flows in the export sector, the domestic production of other industries lack of funds or labor. |
| 3The importing of important industries will lose the influence by importing country. | 3 Exports will lead to the loss of core technologies |
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