Import and Export code Registrations In Hyderabad

If you are thinking of starting a business of Import and Export of goods and services from India, then you have to comply with rules and regulation of DGFT. You need to obtain Import and Export code (IEC) from DGFT. IEC means Import and export code. It is a 10 digit number issued by Director General of Foreign Trade, Department of Commerce, Government of India. Financial institutions such as banks require the IEC of importing or exporting party in order to approve payment to and from other countries. This code allows you to expand your business on an international scale. 

It also allows you the benefit of gaining profits from importing or exporting goods courtesy of the customs and export promotion council as well as the DGFT.