IEC तथा आयात लाइसेंस अनुपालन त्रुटि
Definition
IEC is mandatory for all import/export; GST registration required for customs. For scrap to overseas mills (or reverse import flows), BIS registration and MoEFCC permits add layers. Incomplete docs lead to customs rejection.
Key Findings
- Financial Impact: ₹50,000-2 लाख demurrage/storage per held container + license fees[2]
- Frequency: Per import/export shipment
- Root Cause: Manual verification of IEC, GST, BIS quality orders, and import licenses
Why This Matters
The Pitch: Wholesale Recyclable Materials firms in India 🇮🇳 lose ₹50,000-2 लाख per delayed container on documentation errors. Automation of IEC/GST validation prevents clearance failures.
Affected Stakeholders
Customs Clearance Agent, IEC Compliance Head, Logistics Coordinator
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
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Related Business Risks
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