What are advantages and disadvantage of import export?

Import Export Code which is popularly known as IEC. It is mandatory requirement for any business entity that is planning to Import in and Export from India related to any goods or services. You can even register for international online market place like amazon, alibaba etc. the main benefit from this registration is that you can UNLOCK THE INTERNATIONAL MARKETS.

India has a policy; you can export the goods without any TAX to encourage the export. You can claim the refund of various taxes paid while exporting the goods. In some case, government even waives the import duties, if you promise to export the goods within time frame.

There is a complete online ONE TIME PROCESS for IEC registration with LIFETIME VALIDITY which requires NO COMPLIANCE AND RENEWAL. The process can be completed with minimum documents with nominal charges.

Without registration, you are not allowed to explore your business outside the country or cannot get the benefit of new technology or product through import for business purpose.