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CBSE Class 11-commerce Answered

Discuss the formalities required to fulfill, to get an export licence. 
Asked by Topperlearning User | 17 Jun, 2016, 05:21: PM
answered-by-expert Expert Answer

Formalities which are required to fulfill, to get an export licence are

  1. Open a bank account in any bank which is authorised by the Reserve Bank of India and obtain an account number
  2. Obtain Import Export Code i.e. IEC number from the Directorate General Foreign Trade (DGFT) or Regional Import Licencing Authority
  3. Register with proper export promotion council
  4. Register with Export Credit and Guarantee Corporation (ECGC) to safeguard against the risks involved in non-payment
Answered by | 17 Jun, 2016, 07:21: PM
CBSE 11-commerce - Business Studies
Asked by Topperlearning User | 17 Jun, 2016, 05:21: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Business Studies
Asked by Topperlearning User | 27 Jun, 2016, 02:47: PM
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