What Are Some Tips To Get Get An Importer's License Easily?

[Good-Guy]

Importation business is actually a kind of business where the investors usually import many sorts of products from other countries. Many people believe that importation business refers to importing finished goods from other countries. However, the fact remains that you can import almost anything from foreign countries. You may import raw material and even used cars from different countries. Such kind of business usually requires people to invest a lot of capital in the market and one of the biggest aspect of starting this business is the licence required to import products.

Of course there are many factors that are also need to be considered when starting this business and one other factor is the policies of the government regarding importing products and good. This is because a country might try to reduce imports and increase experts in order to improve its economy. This is why many countries have quite strict policies regarding importing products from other countries. I think this is why getting a license might be hard. So what are some good ideas to easily get an importer's license in your country? What steps could be taken to make the process easier? Is capital the only factor that is responsible for getting an importer's license?

 

[Green boy]

Some of the tips to get an importer's license easily are: first of all you need to choose your products; on this point the IEC will be granted only for the product category you apply for. Secondly, you will decide your company name, if you have not registered a firm as yet. Also, register your firm, if it's not already registered. You need to also apply online for IEC: importer exporter code with DGFT, and pay fee of RS. Lastly, you need to do EDC registration: register your export company with nearst Port (Airport and/or seaport).