This license helps customs authorities identify your business and clear your shipments. It is mandatory for all businesses that want to deal in foreign trade.
Why Do You Need an Import & Export License?
The license is essential because it makes your trading business legal. When you have an Import & Export license in India, you can confidently import raw materials or export finished goods.
Also, banks ask for this license to open foreign currency accounts. Having it improves your credibility with suppliers and buyers worldwide. It protects your business from penalties and legal issues.
How to Apply for Import & Export License in India?
Applying for this license is simple if you follow these steps carefully:
- Gather Required Documents
You need a PAN card, business registration certificate, address proof, and bank details. - Register on DGFT Website
The Directorate General of Foreign Trade (DGFT) issues the license. You should create an account on their official portal. - Fill the Application Form
Complete the online application form with your business details like name, address, and type of business. - Upload Documents
Upload clear scanned copies of all required documents. - Pay the Application Fee
The fee can be paid online through net banking or other digital methods. - Receive Your Import Export Code
After the documents are verified, DGFT will send you your license by email. The process usually takes a few days.
Important Tips for a Smooth Application
- Make sure all documents are correct and clear.
- Use your business name exactly as in the registration papers.
- Track your application status online regularly.
- Respond quickly if DGFT asks for any extra information.
What Can You Do After Getting the License?
Once you have the Import & Export license in India, you can legally start international trading. Import goods such as machinery, raw materials, or export products like handicrafts and textiles.
This license also lets you take advantage of government schemes designed to support exporters.
Conclusion
An Import & Export license in India is a must-have for any business that wants to trade internationally. By following the right steps, you can get this license quickly and legally.
For complete help and guidance, visit Import & Export license in India.