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What is DGFT? DGFT stands for Directorate General of Foreign Trade. It is an agency of the Government of India that is responsible for formulating and implementing policies related to foreign trade and export-import regulations. DGFT plays a crucial role in promoting India's international trade and managing trade-related matters. What is the process for obtaining a DGFT license for IEC registration? The process for obtaining a DGFT license for Importer-Exporter Code (IEC) registration involves the following steps: Complete the application form and gather the necessary documents, such as identity proof, address proof, and bank details. Submit the application along with the required documents to the DGFT regional office or online through the DGFT website. Pay the prescribed fees for IEC registration. After verification of the application and documents, the DGFT will issue the IEC registration certificate. Fees associated with DGFT registration for IEC are:- The fees associated with ...

Defination of Import Export Code (IEC) and it’s importance for businesses engaged in international trade An Import Export Code (IEC) is a mandatory 10-digit code issued by the Directorate General of Foreign Trade (DGFT) in various countries, such as India. It plays a crucial role in facilitating and regulating import and export activities for businesses. Serving as a unique identification number, the IEC enables smooth and streamlined international trade transactions . It is essential for customs clearance, availing export incentives, opening foreign bank accounts, and establishing credibility with suppliers and customers in the global market. The steps involved in the registration process for an Import Export Code (IEC):- Import Export Code Registration process typically involves the following steps: a. Visit the official DGFT website or designated portal for IEC registration. b. Fill the application form with accurate details and supporting documents. c. Submit the application form...