What is the Foreign Trade Policy? The Foreign Trade Policy is the framework of strategy or the set of guidelines introduced by the Government of India to promote the export of goods/services from the country and generate employment by encouraging foreign trade. The Policy is notified by the Ministry of commerce and industry for...
The Government of India launched the Star Export House Certificate / Status Holder Certificate as an export promotion scheme under foreign trade policy. The Certificate/Status is granted to the business leaders who have excelled in international trade and have successfully contributed to the country’s foreign trade. The certification increases the credibility of exporters in the...
Introduction of AEO (Authorized Economic Operator) Certification AEO is the status certification initiated by the World Customs Organization to secure and facilitate international trade under the SAFE framework of standards. The business entities having the AEO certification are considered safe and secure trading partners. There are three tiers of AEO certification for importers and exporters...
AEO (Authorised Economic Operator) Introduction The AEO (Authorised Economic Operator) is the Status certification that provides international recognition to a business entity involved in the International supply chain; it certifies an entity as a secure and reliable trade partner. There are the four AEO Tier introduced under the AEO Programme team. AEO T1, T2,...
What is the IEC? Import-Export Code (IEC) is the 10 digit business identification number [PAN Number] that is important to do the Import-Export from the country; the import-export cannot be performed by any person without having the IEC number. It is issued by the DGFT (Directorate General of Foreign Trade) which is the Department of...
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