An Import and Export License is a government authorization required for businesses to trade goods internationally. In India, obtaining an Import-Export Code- IEC from the Directorate General of Foreign Trade-DGFT is mandatory for anyone looking to import or export goods. This license ensures compliance with customs regulations and allows smooth cross-border transactions. Businesses may also need additional licenses for specific products. The Import-Export license helps in accessing global markets, reducing trade barriers, and promoting international business growth.
