Minimum Turnover for GST before Application
27 Feb, 2024
Rice is the country's main Kharif crop and as per the current data, India is the world's largest producer of Rice. At the end of the fiscal year 2019, India had approximately estimated at a record of 99.24 million tonnes of production. The Indian rice industry generates enormous profit for the government.
The Directorate of Rice Development is the government body working in all areas of the value chain, right from cultivation to end-user consumption of Rice in India.
Based on the recent government initiatives and market scenario, exporting Rice is one of the essential businesses for Indian rice suppliers.
Before starting any Export or import business for any product, suppose here, as we are discussing Rice, it is mandatory to have an Import Export Code or IEC. It is a ten-digit code with lifetime validity and is issued by DGFT (Director General of Foreign Trade)
To incorporate a rice export business, an Indian citizen is mandated to follow the legal procedure as stated in the Companies Act, 2013. Following the provisions, the business personnel is required to obtain these licenses:
If you are a Rice Exporter, it is mandatory to own an Import Export Code. Trust the market leaders regarding the Import Export Code and register your business online with our team of qualified legal experts and more than 1,20,000 satisfied consumers from every corner of India.
Apart from earning your unique Import Export Code, India's own trusted business platform Online Legal India™ will provide assistance to obtain an APEDA license, or get your company registered under the Indian Govt. and enrolling your entity in the GST Taxation system.
So, how team Online Legal India™ can help you in the Rice Exporting Business? Let us know in the comment section below.