Trade Basics

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Trade Basics

3 Qs
01

What is the difference between import and export?

Importing means bringing foreign goods into India; exporting means sending Indian goods to another country.

02

What is an IEC (Importer Exporter Code) and do I need one?

An IEC is a mandatory 10-digit number issued by DGFT — without it, you cannot legally import or export from India.

03

What is the role of a Customs House Agent (CHA)?

A CHA is a licensed professional who files import/export customs documents on your behalf and handles clearance with Indian customs authorities.

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