For both IMPORT and EXPORT below listed requirements should be fulfilled to indulge in trade business. These are government formalities.
- IMPORTER EXPORTER CODE (IEC) of 10 digits. Check here how can you obtain IEC.
- You should have a rental agreement as an address proof.
- PERSONAL ACCOUNT NUMBER (PAN) is issued by the Income Tax Department.
- A current ACCOUNT in the bank the name of the firm.
- A TAN is necessary
- VAT or CST registration if required.
You can fill contact us form for free consultation for starting Import or Export
Starting IMPORT
- Analyze the market carefully and look for the locations from where you can import your product at a reasonable price.
- Collect the information of the product you plan to import like their price rates, marketing techniques, business terms etc.
- Make strong business contacts for commercial distribution of goods and services.
- Search for prospective sellers by advertising in newspapers or magazines, visiting abroad, consulting trade representatives and other ways.
Starting EXPORT
- Analyze the market carefully and look for the locations where you can export your product at a good price. For that you have to research where the demand of the product is the most.
- Collect the information of the product you plan to import like their price rates, marketing techniques, business terms etc.
- Make strong business contacts for commercial distribution of goods and services.
- Search for prospective buyers by advertising in newspapers or magazines, visiting abroad, consulting trade representatives and other ways.
- It is important to draft an EXPORT CONTRACT to your overseas buyer. It should have all the necessary details like clear specifications of goods, terms of sale, made of payment , shipment port, delivery period, insurance, and the like.
Special Note: In Export to AVOID RISK OF CREDIT, get a LETTER OF CREDIT signed from the buyer.
How can we help
We can help you in starting your first Import or Export. We will help you in the smooth facilitation of your business without any interruption and also help you in custom clearance, assistance in registrations, end to end transportation, be it Air or Sea.