Question

ramesh has registered his import exporttransaction . give economic term​

Answer 1

Ramesh has registered his import export transactions , the economic term for the sentence is - Ramesh has applied for IEC .

• IEC is Import Export certificate.
• The certificate is issued by the Directorate General of Foreign Trade ( D.G.F.T.)
• This certificate is required when a person need to extend his trade across the country.
• Important documents are required for registration such as Pan card issued by Income Tex department.
• The documents are verified.
• Then transaction can be done between the two countries.