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Expert insights on cross-border payments, global trade, and international finance.
IEC stands for Importer-Exporter Code, Before 2017 it used to be a 10-digit unique identification number but after introduction of GST in 2017 the Importer-Exporter Code for firms in India became the same as their PAN (Permanent Account Number), though you still need to apply it via the Directorate General of Foreign Trade (DGFT) under India's Ministry of Commerce and Industry. Without an IEC, no shipment can legally clear customs, and no government trade incentives can be accessed for import ex
ICEGATE (Indian Customs Electronic Data Interchange Gateway) is the official online portal of Indian Customs where importers, exporters, and customs brokers file all customs documents electronically. ICEGATE enables electronic filing of Bills of Entry (imports), Shipping Bills (exports), IGM (Integrated Manifest), and online payment of customs duties. ICEGATE is the digital gateway for all international trade through India, managed by the Central Board of Indirect Taxes and Customs (CBIC). Under
If you’ve ever tried sending money from India to another country for your child’s university fees, supporting family, paying a foreign freelancer, or settling an import invoice, you’ve probably felt the confusion first-hand. Between RBI rules, FEMA regulations, bank forms, purpose codes, and all the options (banks, Wise, Western Union, and now platforms like EximPe), it’s hard to know what’s actually the best and safest way to move your money. This guide breaks everything down in simple langua
If you’re a global brand, India is no longer a “someday” market, it’s one of the last truly large, fast‑growing consumer markets you can still enter early and meaningfully. Over the coming decades, the population is heading towards roughly 1.6 billion, but what matters more is the 300‑million‑plus Indians who already have the purchasing power to buy global products and subscriptions today. This middle class is not confined to Delhi, Mumbai, and Bengaluru. India’s consumer growth is decentralisi
Bank guarantees, SBLCs and letters of credit are basically risk‑sharing tools that help importers and exporters trust each other across borders. They do this by pulling a bank into the middle of the deal so that someone reliable promises to pay if things go wrong. A letter of credit (LC) is a contractual commitment by a buyer’s bank to pay the exporter once the exporter ships the goods and presents compliant documents. A bank guarantee (BG) is a promise by a bank that if its customer does not
Indian pet parents are spending more on food, treats, accessories and vet care than ever before, but the regulatory lens on pet‑product imports has also become much sharper. Many of these products are either animal‑origin or veterinary in nature, so they sit at the intersection of animal‑health laws, food safety, drug control and customs rules instead of normal FMCG. This article focuses on commercial imports of pet products for resale and distribution, pet food, treats, toys, leashes, gadgets
