In case the applicant does not possess digital signature, a print out of the application filed online duly signed by the applicant has to be submitted to the concerned jurisdictional RA, in person or by post. As you can see, in India without IEC number you are not allowed to export or import any goods. This is similar also in other developing countries like China, Vietnam, South Africa. Only, if you are working as an export-import agent or sourcing agent, then you may not need to apply for the IEC code.
Previous was prework, for getting started in export import business, now we will look real import and export procedure s. Actually, followings are directly related to Exporting.
If you want to learn what are the steps and procedures for importing, then read our case study about how to import from China successfully. If your export company is set up, then real export procedures start. We assume, that you already know, what it is what you are going to export.
If not find best export import opportunities from here. You need to start contacting potential buyers from overseas. First, you should make sure where you can find buy requests. To make sure the right marketing channels, it is important to understand export-marketing. Then you should start directly approaching those potential buyers.
In this export procedure, your lesson is to validate serious buyers. With serious buyers, you should start negotiations and discussions, with making sure buyers exact requirements for the products. The validation of the buyers, this export procedure includes online research and background check of the potential buyers.
For validated and serious buyers, you should make a price offers. Price offer should include all the relevant data, such as price, delivery term, quality, validation period for the offer. Buyer can accept or reject your offer, If reject, then you need to negotiate. If accepted, then let us move to the next import and export procedure s. If you found a potential overseas buyer , then definitely, they will ask you to send them a sample first. You need to pack the sample and ship it to your customer, so they can check and test your product.
You need to use an airplane as a transport. Also, they will help you, to fill export documents and will tell you, what you need to provide them. Even for sample sending, you need to fill the export declaration, where you mark product, its HS code and, its value. Usually, it will cost around USD to ship small test samples but depends on what you are sending. In sample sending import export procedure stage , you need to make sure all the restrictions and duties related to your goods.
Sometimes some goods are restricted to export. Get yourself a customs broker in your country, they will help you make all clear.
Making clear all duties, regulations, important terms related to your product is very important import export procedure, this will prevent you from future surprises. After your buyer, received and tested your product sample, then if he is satisfied, they can move to the next export procedure stage.
Ordering and signing the contracts. If your buyer like the sample, the next import export procedure step is that they will make the real export order for you. They will tell you the order quantity and terms. Now is time for final negotiation after what you need to sign the agreement of sales and purchase.
In contract, all important terms and conditions need to be stated and confirmed. At least following terms need to be negotiated and settled into the contract. After the contract is signed then exporter need to issue the proforma invoice to the buyer. The buyer needs to arrange the advance payment to confirm the order. Or if you are using LC Letter of credit payment, then the buyer should open the deposit for you in the agreed bank.
Also if LC, then all the LC conditions need to be agreed, so bank knows in what conditions the LC deposit will be released to the seller You. In this stage, exporter needs to know all the buyer custom requirements and must be sure, that all can be done. Further, the import of Food items is subject to test check at the time of import, for any adulteration, you need to secure a Food License for trading in food items in India.
What is the best way to import limited container loads from China into India, especially is we are in a land locked place? What are the applicable duties on hardware items like cutting discs and stereo headphones?
What paperwork required to consummate the process with relative ease? We have obtained an IE code. Appreciate a quick response. BTW, this is a very well written article with amazing clarity. Well done. The goods are advised to transport to nearby sea-port as importing goods by road or airway may prove dearer.
The shipping charges and custom clearance costs are based on the size of container and may vary for ports. The customs duty levied on cutting discs and Headphones, shall be Bill of Entry; 2.
Commercial invoice; 3. Bill of Lading; 4. Certificate of Insurance; 5. Letter of credit 6. Please also note the document requirement varies for different ports, you are advised to ensure all the necessary checks are conducted in this respect. This is Chintan from Mumbai. I m planning to import 3d scanner from china. Thanking you. However, new items cannot be brought without the payment of duty.
There is import duty on the import of newsprint print paper import. The present rate of import duty is The HS Code is for scrap newspapers and for general news papers the HS code is ; there are restrictions implied by Director General of Foreign Trade on the import of news papers for general use.
Please let me know if I need an export license for exporting textiles, jewellery and bags from India. Also, if my export quantities are very small, example net profit is only Rs 30, do I still need an export license? Pls advise. I would like to import 3D printers but we are not importers. Please advise. Thanks, Sanjeev. Jewellery 2. Vehicles 3. Electronic items like TV 4. This item is free to import. There are no requirements for a machine or plant. Letter of credit is issued by the bank of the buyer to the seller, assuring the latter that he will be paid on successful shipment of the goods.
Hi Gunjan i have planned to import laptop accessories from china and sell it in india, i am having IEC,please let me know that, 1.
What will be the approx. Cost of custom duty if the gross cost of the materials is Rs. Patent details of the product will be helpful in getting the clearance with customs in India, a copy of all relevant documents must be preserved for future use. Eagerly wait for your reply. The import duty on Spectacles, goggles and the like. Hi Gunjan, excellent article and very informative replies!
Thanks so much for sharing your expertise with us! What would the Effective Duty Rate be for this? The information available via the internet is often outdated and can be confusing. Your help and expertise are much appreciated! Thanks, Eric. Like most people here I also have some questions to ask. I do have a silly questions that I very confused with.
I do not understand how this process of supplying this scrap to end clients in India on CIF basis work? I buy the material from overseas supplier, and the overseas supplier ships the consignment to my requested port. Then from the destination port how do I supply it to my client on CIF basis? How could I supply it to my end clients on CIF basis without disclosing my overseas contact or supplier information to them?
Does that mean if I sell my imported consignment on CIF basis at the destination port to my end client… i have to disclose my Base Purchase Price to my end Client? I also have to disclose my source of import to my end client? Any suggestions?
Any idea how people normally sell their consignment on CIF basis generally for example for scrap import? Hi I want to Import branded mobile phones from hong kong -Touch screen. I need your advise since i am planning to get an export license to export automotive spare parts and agriculture spare parts. What is the procedure to get export license in Delhi and what are the overhead expenses i have to be aware of while exporting goods.
Hi I want to export agricultural products from india Tamil nadu. What is the procedure for getting export licence ie,IEC code.
And what are the licence we have to get. Thank you. Hi Gunjan, I want to import ornamental fishes either from singapore or malaysia.
Apart from that I want to know that is there any mandatory rules that i have to import 12 times in a year or any particular amount in Rupees. Hi this is abdul sattar from karnataka I need what are the procedure to bring the recycle plastic from sauide Arab and what are the customs rate of recycle material and for scrap import. I am planning to import ready made garments from Bangladesh, I dont know the process, please help me by stating steps to be taken. What types of documents need to be made from my end.
Do we require an import license to buy apparel from China? How much would be the tax? Good article sir, well I am planning to the export business of jumbo bags to Australia. Its requires any licence of export buss please tell me the details. Its helpful for me. Thank you sir. Is there any procedures that has to be followed by the Seller or Buyer before commencing the transaction?
I need to start my own business of Ready made garments shops, I am planning to import clothes form Hongkong china and singpaore in India in a small scale business. I need to know will i require a Import license for doing this business in Inda if yes where i need to apply for the same looking forward for your help on this Thanks.
We are exporters of gaming meat, grains and pulses Like Field peas, Chick peas , Lentils. It is supplied legally with health certificate from relevant Govt depts. Your post above says wild animals are Prohibited Goods, does it include meat as well? Your response greatly appreciated. I would like to know how to apply for an IEC and import expor licence. The standard procedures for applying export licence? Where are the regional offices are located?
Your valuable advice is expecting. We are planning to ship unglazed porcelain tiles from the U. Are there import restrictions imposed on this? Thank you for a good article and your anticipated assistance. Hi, I own a printing factory, i need to know the formalities to be completed to export my products.
Thank you in abundance. We are planning to export busniess from india to Malaysia, Can anyone please explain me how to apply for an IEC and import expor licence. What is the validity of Export license once obtained? For example I would like to export biscuits from India.
Once I obtain export license, when I should renew it? Sir, Am planning to import size wood and wooden doors, windows from Indonesia, Malaysia. Which type of license is required to import pet bottle scrap, where I have to apply for it. Thanks for excellent article. Hi, I want to import food supplements like protein powder from US and want to know the pre-requisite for the same.
Like what is import duty How to get import license? Dear team, i had to import one power supply from USA for my equipment in india. Same time what are the documents importer need to have. I got contact. But no idea about it. Please give me Co tact details. So will speak in person. However, there is a specific category which is exempted from IEC registration. Address Proof. Business Proof. Identity Proof. Note: PAN Card of the applicant is mandatory to initiate the registration process.
Contact us for a free guidance on Import Export License. Depending on the good or service, you may need a license or permit to export it from the U. In most cases, you will not need a license to import goods into the U. But, for certain goods being imported, some agencies may require a license, permit, or other certification.
Check the requirements of federal agencies. These guidelines from U. Even if you do not need an import license, you must fill out CBP entry forms within 15 calendar days of the date that your shipment arrives at a U.
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