What is import and export?

Import and export refer to the buying and selling of goods across international borders. Imports bring products into a country, while exports send products out to global markets. These activities help businesses expand globally and support international trade.

What are the steps of import and export?

The main steps of import and export include selecting products, identifying buyers or suppliers, preparing documents, shipping the goods, customs clearance, and receiving payments. These steps ensure smooth international trade.

What is Import Export Code (IEC)?

Import Export Code (IEC) is a 10-digit code issued by DGFT that is mandatory for any individual or business to start import-export activities. Without IEC, cross-border business operations cannot be performed legally.

Who can start an import export business in India?

Any individual, partnership, company, or LLP can start an import export business in India. Basic requirements include PAN, bank account, and obtaining an Import Export Code (IEC) from DGFT.

EXIM Education

Showing all posts under "EXIM Education" category.

EXIM Education 16 Oct, 2025

Need to start EXIM business, but no product on hand?

An import export business is one of the growing businesses across the globe. Many of us are interested in joining the same industry, but due...

Vaibhav Sharma

EXIM Education 15 Oct, 2025

Importance, Role and Functions of EXIM Bank in India

Globalization and liberalization were initiated in India after the 1991 reform. The government has opened gates for the import and export industry. And after that,...

Vaibhav Sharma

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