Types of Import Export Services: All you need to know

Import export service or trade is a potential business segment for keen entrepreneurs across the globe. If we consider Indian global market opportunities, export and import business types have vast possibilities today. The Prime Minister, Mr. Narendra Modi, has executed many movements, including the ‘Make In India movement, to uplift the confidence and growth of the Indian export service sector. If you are looking for an answer, what is the import and export business? This blog will discuss the types of import export services we must be familiar with before putting our leg forth in this segment

What are the different types of import export services?

Any business has its unique types of services that define its process and flow. For example, types of import and export services are involved in types of import-export business, which is a step-by-step process.

1. Import Export License (IEC)

The first step towards import export services is registering the import-export business license, referred to as ‘IEC license.’ Registration of the IEC is very important to give your import-export brand a legal title or face. However, many business owners keep their existing business identity and their import-export business identity similar, i.e., they do not change the brand name or company name, which is not appropriate to run an export and import business in the long run. Therefore, Impexperts suggest our candidates choose an independent identity for their import and export business types in India. Hence, IEC registration or licensing is the first and vital import-export service involved in the EXIM business. You can check more details at the EXIM business import export website.

Hence, IEC registration or licensing is the first and vital import-export service involved in the EXIM business.

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