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.

Export Finance

Showing all posts under "Export Finance" category.

Export Finance 27 Oct, 2025

Everything You Need to Know About a Letter of Credit, How it Works, and More

Ensuring payment security in export is vital for businesses to function. There are several ways to ensure that the seller receives their due payment on...

Vaibhav Sharma

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