How to do Export Import from India

Exporting and importing from India can be a complex process and involves compliance with various legal and regulatory requirements. Here are some general steps to consider when exporting or importing from India:

Exporting from India:

1. Identify the product to be exported and the market to be targeted.
2. Obtain an Import Export Code (IEC) from the Directorate General of Foreign Trade (DGFT) by submitting the required documents such as PAN card, Aadhaar card, bank certificate, etc.
3. Register your business with the relevant authorities such as the Registrar of Companies (ROC), Sales Tax Department, and the DGFT.
4. Determine the applicable export incentives and benefits such as duty drawback, Merchandise Exports from India Scheme (MEIS), etc.
5. Obtain necessary certificates such as Certificate of Origin (COO), Phytosanitary Certificate, etc., as per the importing country’s requirements.
6. Finalize the terms of the contract with the buyer, including the payment terms, delivery schedule, etc.
7. Arrange for transportation, packaging, and insurance of the goods.
8. Submit the shipping documents to the customs authorities and obtain clearance for the shipment.

Importing into India:

1. Identify the product to be imported and the country of origin.
2. Obtain an Import Export Code (IEC) from the Directorate General of Foreign Trade (DGFT) by submitting the required documents such as PAN card, Aadhaar card, bank certificate, etc.
3. Register your business with the relevant authorities such as the Registrar of Companies (ROC), Sales Tax Department, and the DGFT.
4. Determine the applicable import duties, taxes, and other charges.
5. Obtain necessary certificates such as Certificate of Origin (COO), Phytosanitary Certificate, etc., as per the Indian customs requirements.
6. Finalize the terms of the contract with the supplier, including the payment terms, delivery schedule, etc.
7. Arrange for transportation, packaging, and insurance of the goods.
8. Submit the shipping documents to the customs authorities and obtain clearance for the shipment.

It’s always recommended to seek guidance from experts such as customs brokers, freight forwarders, or trade consultants to ensure a smooth and hassle-free export-import process.