Question

Discuss the formalities involved in getting an export licence.

Answer 1

Answer:

The formalities involved in getting an export licence are as follows :  

(1) To opening an account in any bank, which has been authorised by Reserve Bank of India (RBI) and obtain an account number.

(2) To obtain Import Export Code ( IEC) number from the Directorate General Foreign Trade (DGFT) or Regional Import Export Licensing Authority (RIELA).

(3) Next step is to register with appropriate export Promotion council.

(4) To get Registered with ECGC (Export Credit And Guarantee Corporation) in order to safeguard against risk of non payments.

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Answer 2

Answer:

The Formalities which involves in getting an export license as follows.....

1:Obtain Your CIN. You'll need a company identification number, or CIN. ...

2:Research Export Controls. ...

3:Apply for an Export License. ...

4:Apply for Import Licenses. ...

5:Contact Appropriate Agencies.