Get to know about the steps of the GST registration process
29 Jul, 2024
Indian Clothing is famous worldwide for its variety and quality of fabrics. In the country, the clothing industry is best defined as the most important industry besides the food industry.
People worldwide will never stop eating food or wearing cloth. Investing in such a business is one of the best opportunities for any individual thinking of starting an export business. For starting an Export trading, business personnel must first register for Import Export Code.
According to a survey, textile and clothing exports in the financial year 2018-2019 were worth $35.9 billion and from April 2019 to March 2020 it was worth $ 33.8 billion.
Though the drop in the number of exports was due to the CoVid’19 pandemic, however, the demand is expected to rebound in July, said A. Sakthivel, Chairman, Apparel Export Promotion Council. There will be several opportunities then, he said. And at present, as he stated it has started stabilizing and improving through internal reports.
Here, in this article, we will discuss more in brief about the aspects of Import Export Code Director General of Foreign Trade (DGFT).
To step a foot forward in the foreign market with Indian Garments export, business personnel are required to obtain the following licenses:
For an Indian businessman, registering an Import Export Code or IEC is the very first step to put a step forward in the Foreign marketplace. The benefits of an IEC Code for a business entity are likewise:
Instead of wasting your energy by standing in the queue, it is highly recommendable to be in touch with India's own legal solution platform Online Legal India™.
We are a one-stop online solution provider. Get all registrations done with our qualified professionals at ease. Our team has served more than millions of customers all over India and always there to help you out with your needs.
The Most Trusted Leaders, Online Legal India™ provides you assistance to get your company registered under the Indian Govt. and enrolling your entity in the GST Taxation system as well.
Find the article helpful for import-export business? Help others by sharing it with the business individuals in need.
19 Jul, 2021
Hi Aniket, thank you for reaching out to us. Team Online Legal India will get back to you shortly to register your IEC Code without any hassle. Thank you.
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