How to start Import Export Business in India?
Let’s start with the basic definition of importing and exporting. Any product or service brought into the country is called as importing and the same if sold to a buyer from outside the country, and delivered to his country, is called as exporting. The business which consists of importing and exporting of products and services is known as import export business. This business has no geographical limitations and can be done with any other country on the planet.
To start this business, you need to be registered as a firm in India. You’re firm needs to have a current account with any bank in India. These conditions are pre-requisites for doing any business in India. But, the most important license you require to start import-export business in India, is the Import Export Code, provided against your firm’s PAN card by the Joint Director General of Foreign Trade, Government of India.
At SunBrio, we help you obtain this import-export code, also known as the IEC or Import Export License, from the Joint Director General’s office located in your vicinity. You don’t need to undergo the hassle filled process of applying for the license by standing in queue at the office. All you need to do is just provide us with the required documents, certificates and signatures, and we shall take the complete responsibility of getting the Import Export Code for you. We charge a one-time fee, which includes the government fees as well, and do not charge you again and again even if the application is rejected and needs to be re-applied due to certain unforeseen circumstances.
After obtaining the Import Export Code, you can start importing and exporting products through any ports situated in India, and also avail and deliver services, from and to any other country in the world.
The Validity of the IEC is similar to your PAN Card’s validity. Hence, as a PAN Card has no validity clause, the IEC also does not have any.
A Customs house agent, who is authorized to file for the customs duties for products imported and exported from India, can be contacted to perform the functions of delivering and receiving goods, to and from other countries in the world.
In today’s world of fast communication, international trade is a very huge opportunity to do business. There are new entrants continuously joining this business on a daily basis due to its opportunistic characteristics. Also, the demand for Indian goods across the globe is unprecedented and so is the demand for foreign goods in India.
Thus, get your Import Export License registered through SunBrio and start your business immediately!