If you are exporting from India through Alibaba or any other e-commerce portal, handling international payments incorrectly can put your business operations at risk. The Reserve Bank of India (RBI) tracks every export realization, and relying entirely on third-party fintech apps without proper Authorised Dealer (AD) Bank reconciliation can create serious compliance issues. At CA […]
Tag: IEC
IMPORT EXPORT CODE REGISTRATION PROCEDURE
What is IEC Registration? Under the Ministry of Commerce & Industries, Government of India The Directorate General of Foreign Trade (DGFT) is authorised to issue IEC Certificate. IEC is a ten digit alpha numeric Code and acts as an Import Export License Certificate which regulates foreign trade in India and is managed by the DGFT. […]