The Directorate General of Foreign Trade (DGFT) plays a vital role in promoting India’s international trade by regulating and facilitating exports and imports. DGFT Registration, primarily through obtaining an Importer Exporter Code (IEC), is the first mandatory step for any business looking to enter the global market. Whether you’re exporting agricultural products or importing machinery, IEC acts as your unique identification with Indian customs and DGFT.
Without DGFT registration, no individual or company can legally conduct cross-border trade in India. This 10-digit IEC number is required at various points, such as customs clearance, bank dealings for foreign currency, and DGFT benefits. Moreover, IEC is a lifetime registration, making it a one-time investment for a business’s international journey.
Apart from enabling trade, DGFT registration opens doors to various government schemes and incentives, including MEIS, SEIS, and RoDTEP. With global markets just a click away, securing your DGFT registration ensures you stay compliant while gaining a competitive edge. In short, it’s the foundation for any successful export-import business in India.
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