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.

Global Trade Management

Showing all posts under "Global Trade Management" category.

Global Trade Management 27 Oct, 2025

How to Stay Updated with Global Trade Trends

Dealing in the import-export enterprise involves many pitfalls, trade policy fluctuations, sudden supply chain interruptions, and ever-changing market demands. Failure to stay updated will result...

Vaibhav Sharma

Global Trade Management 27 Oct, 2025

Global Trade Management Solution: The Smartest Way to Optimise and Streamline Business Processes

GTM – Global Trade Management is undoubtedly the smartest way today to optimize and streamline various processes in a global trade cycle across logistics and...

Vaibhav Sharma

Showing 1 to 2 of 2 entries