CS Executive · Setting Up of Business, Industrial and Labour Laws · Various Initial Registrations and Licenses
Anita, a sole proprietor in Jaipur, begins exporting handicrafts to Europe. Which registration is generally needed to carry out such exports under foreign trade policy?
The Importer-Exporter Code is correct. It is a 10-digit code issued by the DGFT and is generally required to export or import goods. Udyam, professional tax enrolment and trade mark registration serve other purposes and do not authorise foreign trade.
- AUdyam Registration
- BImporter-Exporter CodeCorrect
- CProfessional tax enrolment
- DTrade mark registration
Explanation
An Importer-Exporter Code, a 10-digit code issued by the DGFT, is generally required for export or import of goods. Udyam gives MSME recognition, professional tax is a state levy on earnings, and a trade mark protects a brand. None is a requirement to export.
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