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16 Mar, 2023
Since ancient times, the quality of Indian spices has been world-famous. Even in the modern world, India is the largest producer and exporter of spices. The International Standard Organization depicts that India produces seventy-five out of a hundred and nine spices produced all over the world.
The Import Export Code (IEC) is required to start the export business from India.
No matter, whatever the effect of COVID-19 all around the world, the export amount of Indian spices is always at the peak point. The spice export record for FY 2020-21 says India has exported $ 3.5 billion of spices all over the planet.
The FY 2020-21 data reveals that spice export has increased by both value (23% in rupees) and volume (30%). In dollar terms also, the value has increased by 17% in comparison to FY 2019-20.
You have to register from the Directorate General of Foreign Trade, Ministry of Commerce and Industry for obtaining the DGFT IEC code.
This is the list of the top 10 spices that are exported from India. Traders with the IEC code can start the spice export business from India.
After reading the domain blog till now, you may have realised that the profit percentage of imported spices all over the world is very high. One point that has to be taken care of before starting the spice export business is that you need to register with MCA (Ministry of Corporate Affairs) first. You can start the spice exporting business after registering your firm as sole proprietorship registration.
Online Legal India™ has a team of IEC experts. The IEC experts can come to your help to fill the online IEC form with IEC code documents. For renewing, modifying, and updating the IEC certificate, you can also ask their help.
You have read in the introductory paragraph that the value of Indian spices is world-famous from ancient times. Even today, the entire world appreciates Indian turmeric. That is why turmeric has boosted the export of Indian spices by 19%. After filling the IEC code online, you can start the spice-export business in a hassle-free way. This is all about the top ten spices exported from India.
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