Question

Discuss the formalities involved in getting an export licence.​

Answer 1

Answer:

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Explanation:

The online application process can be made on the DGFT website. On the homepage, the applicant will have to go to the 'Services' section, where under the 'Online ECOM Application' section, they will have to select 'Restricted Item Import License/Restricted Export Item'.

Answer 2

1.Opening a bank account in any bank authorised. ...2.Obtaining Import Export Code (IEC) number from the Directorate General of Foreign Trade (DGFT) or Regional Import Export Licensing Authority.

3.Registering with appropriate Export Promotion.