Indian Clothing is famous worldwide for its variety and quality of fabrics. In the country, the clothing industry is best defined as the most important industry besides the food industry.

People worldwide will never stop eating food or wearing cloth. Investing in such a business is one of the best opportunities for any individual thinking of starting an export business. For starting an Export trading, business personnel must first register for Import Export Code.

Indian Garments Industry and Export Business

According to a survey, textile and clothing exports in the financial year 2018-2019 were worth $35.9 billion and from April 2019 to March 2020 it was worth $ 33.8 billion.

Though the drop in the number of exports was due to the CoVid’19 pandemic, however, the demand is expected to rebound in July, said A. Sakthivel, Chairman, Apparel Export Promotion Council. There will be several opportunities then, he said. And at present, as he stated it has started stabilizing and improving through internal reports.

Here, in this article, we will discuss more in brief about the aspects of Import Export Code Director General of Foreign Trade (DGFT).

How to become an Exporter of Clothing?

To step a foot forward in the foreign market with Indian Garments export, business personnel are required to obtain the following licenses:

• Company Registration: Registering the company in the Ministry of Corporate Affairs (MCA) is essential to incorporate a business.
• Import Export Code: An Import Export Code or IEC is seen as the gateway for foreign business for any Indian business entity.
• GST Certificate: Every business organization in the country is mandated to register in the GST Taxation system.

Benefits we get from IEC Registrations

For an Indian businessman, registering an Import Export Code or IEC is the very first step to put a step forward in the Foreign marketplace. The benefits of an IEC Code for a business entity are likewise:

• Scope of Increase In Business
• Customs Duty exemption
• No Filing of Tax Returns
• Easy Processing
• No Renewal Requirement

How to Get Import Export Code with a small click

Instead of wasting your energy by standing in the queue, it is highly recommendable to be in touch with India's own legal solution platform Online Legal India™. 

We are a one-stop online solution provider. Get all registrations done with our qualified professionals at ease. Our team has served more than millions of customers all over India and always there to help you out with your needs. 

The Most Trusted Leaders, Online Legal India™ provides you assistance to get your company registered under the Indian Govt. and enrolling your entity in the GST Taxation system as well. 

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