Import procedures Typically, the procedure for import and export activities involves ensuring licensing and compliance before the shipping of goods, arranging for transport and warehousing after the unloading of goods, and getting customs clearance as well as paying taxes before the release of goods. Below, we outline the steps involved in importing of goods. The process to obtain the IEC registration takes about days.
Procure import licenses To determine whether a license is needed to import a particular commercial product or service, an importer must first classify the item by identifying its Indian Trading Clarification based on a Harmonized System of Coding or ITC HS classification.
Related services We can help you set up a trading company. Related services Learn more about customs duties before you start importing and exporting. Related services Gain intelligence about diversifying your Asia supply chain. Available Language. In This Article. Related reading May 01, November 08, September 20, June 11, January 22, March 27, Recommended for you.
Leave a Reply Cancel reply Your email address will not be published. Email address. Already a subscriber? Sorry, your blog cannot share posts by email. India Weekly Briefing Sign up for your complimentary subscription to our weekly newsletter here. No subscription charges! While India is an excellent and inexpensive choice for importing, India also has an unfortunate reputation for disorderly business dealings.
Exercise serious caution when you deal with a new supplier , especially an overseas supplier. Always take the steps to ensure that your supplier is legitimate. This can be done by communicating thoroughly and as often as possible. Constantly ask for product samples— fake suppliers will typically jump ship when asked. Just as well, you should plan a trip with a product expert to the Indian manufacturer to get a hands-on view of both the product and the factory.
Another way to keep your business secure when dealing with a possible supplier in India would be to draft an incredibly detailed sales contact. Incoterms will facilitate the negotiation. Sales contracts outline everything involved in a supplier-importer relationship , including:. When drafting your contract, consult our experts to ensure that all the small print is written properly.
It may also be necessary to enlist the help of a translator as well. Depending on your home country location, you may choose between, air freight or sea freight. In case you only need a small amount of space, consider LCL shipping. You should be very mindful of the shipping times and which mode of transport is more efficient and inexpensive , as well as the speed of which your products will get from supplier to importer or customer. Are you convinced about importing from India?
As a seller, importing from India presents an incredible opportunity to buy relatively inexpensive supplies for your products directly from Indian suppliers and sell them at a high profit margin in your own country. But as coronavirus continues to radically change how supply chains operate and international trade occurs, it may be a good idea to do a little bit of self-education.
International information on steel industry is Users can access information about the organizational setup, functions, autonomous bodies, advisory bodies, attached and subordinate offices, Parliamentary Consultative Committee etc.
Details related to trade, export, budget, Bilateral Chambers of Trade, etc. Information about India and World Trade Organization, Users can get details related to the act, its objectives and short title.
Information about sections and amendments of the act is also given. Home Topics Commerce Import. Import Commerce. Forms by Central Board of Excise and Customs. Information on Marketing in India of import of drugs, requirements, regulations, policies and different provisions on registration specifications, Quality, standards and also fake drugs information is provided. Get information about the Department of Commerce and Industries of Sikkim. Get information on importing drugs for marketing in India.
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