How to use iec and start importing?

Merchant exporter, is a exporter who purchase the goods from manufacturer and and after add their benefit export it through after searching the buyer. 

for starting their business IEC holder must registered himeself in concerned regional export promotion council and is mandatory for taking the DGFT incentive .

also noted that :

Merchant exporter, is a exporter who purchase the goods from manufacturer and and after add their benefit export it through after searching the buyer. 

for starting their business IEC holder must registered himeself in concerned regional export promotion council and is mandatory for taking the DGFT incentive .

also Read link :

/experts/how-to-do-export-safely-961215.asp#.T9V9IlI-1d4

Thank you very much for your respond...Since I will be doing importing business only.....so what is the correct Merchant Type: while filling the IEC Application form. Did i do mistake choosing "Merchant Exporter" type? While I will do only importing...please quide me. And how to use this IEC Code after obtaining the IEC Code.

Thank you very much for your respond...Since I will be doing importing business only.....so what is the correct Merchant Type: while filling the IEC Application form. Did i do mistake choosing "Merchant Exporter" type? While I will do only importing...please quide me. And how to use this IEC Code after obtaining the IEC Code.

A merchant is a businessperson who trades in commodities that were produced by others, in order to earn a profit.

Merchants can be one of two types:

1. A wholesale merchant operates in the chain between producer and retail merchant. Some wholesale merchants only organize the movement of goods rather than move the goods themselves.
2. A retail merchant or retailer, sells commodities to consumers (including businesses). A shop owner is a retail merchant.

A merchant class characterizes many pre-modern societies. Its status can range from high (the members even eventually achieving titles such as that of Merchant Prince or Nabob) to low, as in Chinese culture, owing to the presumed distastefulness of profiting from "mere" trade rather than from labor or the labor of others as in agriculture and craftsmanship.

Originally posted by : Kay
	Thank you very much for your respond...Since I will be doing importing business only.....so what is the correct Merchant Type: while filling the IEC Application form. Did i do mistake choosing "Merchant Exporter" type? While I will do only importing...please quide me. And how to use this IEC Code after obtaining the IEC Code.

I am on the same situation, what is the exporter type you have mention in application. same as you I will be dong importing business only as of now.