What is an import?

Import can be broadly defined as a good or service that is bought by a country from another country. An import for a country serves as an export for another. For instance, countries like the USA, India, Germany, Japan, and etcetera import crude oil from Gulf countries. Imports are an…

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What is an export?

Exports can be explained as products or services that are produced in a country and sold to another country. An export of a country serves as an import for another. Export is a very important aspect of Global trade. For instance, Saudi Arabia exports its oil to the USA. This…

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How to Apply for Import Export Code (EIC) in India?

What is an EIC license? An IEC (Import Export Code) sometimes simply known as an Export License is an identification number that is mandatory for companies to carry out import or export in India. It is a 10 digit unique number that is issued by the Director-General of Foreign Trade…

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Logistic Operations and a new future towards Automation

Whether it be getting the new COVID-19 vaccines or importing a huge amount of steel, proper functioning logistics is very important for a healthy economy. Last year witnessed a great deal of damage as the logistics operations were put to a halt. COVID-hit nations are now recovering from the loss…

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A New Approach to Customs and Imports to tackle the pandemic

The outbreak of COVID-19 has brought upon several challenges for the economies across the globe. The recent challenge has been in the import and export sector. Many steps were taken both by Indian and International customs to ensure social distancing and other precautionary measures. Works that were earlier carried out…

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The 2021 Import Timeline: From vaccines to crude oil

The year 2020 witnessed plenty of disruptions across the globe in the import and export sector. Disruptions in the same have significantly affected many nations. Now, all eyes are aligned upon the year 2021 to compensate for the damage caused by the pandemic last year. In the game of imports,…

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