Question

ramesh has registered all his import and exlort transaction

Give economic term

class 12th com mh board​

Answer 1

IEC

Explanation

IEC is the term which is used  to register when there is a import and export transaction.

• It is a most prominent way to get registered and compulsory for import and export.
• Without completing this step of registration there can be no any transactions from abroad.
• With the registration there is a safety that there can be no any problem further while doing business.