To facilitate ease of doing business and lessen paperwork, the Commerce Ministry has decided to reduce the number of mandatory documents for taking import-export code to two. Import-Export Code (IEC) ...

The government has amended the Customs Act, doubling the penalty for providing incorrect information in import and export documents even though wrong declarations do not lead to any duty evasion. The ...

In recent times, we have seen a major growth in the export and import of goods and services in India. Seeing this change, more and more entrepreneurs or startups are venturing into this area. But many ...

A commodity code is a number that determines the type of goods you are importing or exporting. This number can be six, eight, or ten digits depending on the origin and destination of the goods and ...

New Delhi, Jun 12 () After the implementation of the Goods and Services Tax, traders would have to declare only their GST Identification Number at the time of import or export, the commerce ministry ...