Table of Contents
Is import license and IEC code same?
Difference between IEC Certification and Import License IEC is a basic license for import export activity in India. Import License is required in special cases or circumstances in order to conduct the import export business in a legal way. An online form has to be filled by the applicant for IEC Certification.
Is an import code the same as an export code?
1) What is an Import / Export License? An Import and an Export License is simply an assigned code that informs the government what kind of goods you’re important and/or exporting. This code is also sometimes referred to as a customs code or a CNN number.
What is the difference between import Licence and export Licence?
Whereas the “License for Export or Import” is a permission from central government to undertake any activity of import or export in goods which is restricted. There are certain items which is not freely allowed to be imported in India as the government can impose restriction on their import to India.
What is the import export license?
Import Export Code Number is unique 10 digit code number issued by Government of India. IEC forms the primary document for recognition by Government of India as an Exporter/Importer. On the basis of IEC, companies can obtain various benefits on their exports/imports from DGFT, Customs, Export Promotion Council etc.
Who provides export license?
Introduction. An export license is a document issued by the appropriate licensing agency after which an exporter is allowed to transport his product in a foreign market. The license is only issued after a careful review of the facts surrounding the given export transaction.
How is export license obtained?
Procedure while applying to the DGFT The online application process can be made on the DGFT website. On the homepage, the applicant will have to go to the ‘Services’ section, where under the ‘Online ECOM Application’ section, they will have to select ‘Restricted Item Import License/Restricted Export Item’.