Spices export business is an identity and face from ancient time. Indian spices continuously maintain its demand in the global market. Indian spices and its products have a large demand all over the world from ancient time. The United States is the largest importer of spices and its products.
There are following types of spices exported from India to all over the world like as peeper, chilli, mint and mint products, coriander, cumin, turmeric, small cardamom, curry powder/ paste and spice oil. The average price of spices per unit is USD 1.99.
There are some documents formalities you need for spices export business:
1.Importer Exporter Code(IEC): For spices export business you must need a valid IE code which represents an individual export and import. IEC is mandatory for both import and export business. It is a 10 digit code which is issued by Directorate General of Foreign Trade. You can apply online for IEC number. It is easy to apply on www.dgft.gov.in. There are following documents you must need to obtain an IEC number. Contact us for applying IEC code.
- Current bank account.
- Bank certificate regarding IEC.
- PAN Number copy.
- Application fee Rs. 250 pay via EFT (Electronic Fund Transfer), and Submit an online application.
2. Phytosanitory Certificate: Phytosanitory is a document which is used to attest the consignments which is related to plant or its products. It is issued by National Plant Protection Organization (NPPO). Phytosanitory certificate is issued to indicate that the products are related to plant and plant products. For plant and plant products export, phytosanitory certificate is mandatory. Portlogy can apply Phyto certificate on behalf of you.
3. Certificate of Registration as Exporter of Spices(CRES): For spices export business, you must require to register with spices board India. Before registration, please read guidelines for application form . After getting IE Code, you can apply online for certificate of registration as exporter of spices. Click here for online registration.
There are following documents you need for CRES Registration:
- A valid IE Code. (Apply IEC Code)
- D.D – Rs. 5000 Fee for registration to be paid in favour of spice board payable at Eanakulam/Kochi.
- Scanned passport size photo (of size 135 PX x 165 PX)of the CEO/ Authorized person of organization.
- Valid mail Id.
4. Authorized Dealer code: For AD Code, you need to open a current account. Authorized Dealer code is a 14 digit code which is issued by bank. After AD Code registration, you need to register it with custom for port registration. Governments of India gives some drawbacks to Authorized Dealer for export business promotion. You need following documents for AD code registration with custom:
- PAN Copy.
- IEC Copy.
- IT Returns.
- VAT Registration copy.
- Ad code letter. (Please change the name of port as required)
- Balance sheet.
- Stamped blank letter head.
- Registration charges for port registration is INR 3,000.00 per registration + service tax.
At Portlogy, we will help you for spices export business. If you don’t have overseas buyer, we will help you to find overseas buyer. If you have overseas buyer, we will help you for your shipment. We provide services like: Freight forwarding (both Air and Sea), custom work, end to end transportation from your local location to any global location, Temporary warehouse arrangements for your shipment until it waits for loading. If you have doubt regarding spices export procedure, you can contact us for more detail. Portlogy can register AD code on behalf of you.