NIRYAT Launched By Prime Minister Narender Modi for Foreign Trade

The Prime Minister announced the NIRYAT portal to analyse import-export data, provide stakeholders with convenient access to foreign trade information.

On Thursday, June 23, Prime Minister Narendra Modi announced the NIRYAT platform, which will only deal with India's import and export analysis. After unveiling the platform prime minister said that the government has created NIRYAT, or the National Import-Export Record for Yearly Analysis of Trade, to give essential real-time data to all stakeholders. 

It can be considered a one-stop portal for stakeholders to easily access important information on India's foreign trade. For every foreign trade, a business owner needs an IEC. 

It is an import-export 10-digit code that is issued by the Ministry of Commerce's Director-General of Foreign Trade (DGFT) and does not need filing or renewal. Importers use IEC to pass customs, ship goods, and transfer funds to overseas banks. Exporters rely on their IEC to export goods and get payments from overseas banks. 

If you are an exporter or importer who needs IEC quickly for custom clearance and looking for professional help to obtain an IEC, get in touch with us. 

ELT Corporate help you with the following:

  • Our experts at ELT Corporate can help you with the procedure for filing the application and paperwork to obtain the IEC Code and other export-import licenses.
  • The registration procedure will be smooth and quick and will be completed in 10 to 15 days.
  • We offer our services for all custom licenses and registration like IEC Code, WPC license, ETA approval and other regulatory compliances for foreign trade.  
  • Get in touch with us for quick and hassle-free service.

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