Obtain an Import Export Code (IEC): The import-export code issued by the government of India is mandatory to start an export-import business in the country. You have to apply for it online at the DGFT website. Here is the list of documents required to apply for it. Answer Wiki. Set up. First and foremost, you must have a business setup. Obtain a PAN card for the business. Open a current account. Get the Import Export Code (IEC) issued. Documents Required for Import Export Code (IEC): Obtaining the Registration cum Membership Certificate (RCMC) Opportunities available with What is the scope of import/export business in India? Are you searching for profitable import export business ideas in India? Do you want to know how to start an export-import business in India? Find here a list of


Author: Alfred Hessel
Country: Netherlands
Language: English
Genre: Education
Published: 25 March 2016
Pages: 587
PDF File Size: 48.87 Mb
ePub File Size: 34.93 Mb
ISBN: 421-6-70530-521-9
Downloads: 1263
Price: Free
Uploader: Alfred Hessel


Made in India: Top 10 export products from India

You should know to whom you are going to resell your products, after imported. Also If importing, then you should already be sure, what products you are going to import.

You should learn what your country is exporting. If your country exports something, then it means, that your country has a relative advantage with this type of products.

How to start an import/export business in India. - Quora

There are many ways, to make sure the export sectors. You can ask information from your country trade bureau or similar institution. You can find the information online. Choose the best product for export After you have a general list of the potential export products, then you should niche down and choose the best products for you, personally.

Product must be suitable export business in india you Only choose this kind of products and items about what you personally know export business in india lot or have experiences with.

At least you should have interest in the product, so you are motivated to learn about it.

Made in India: Top 10 export products from India - Education Today News

You should make sure what are the potential profit margins for your products. You need to compare the selling prices export prices and the local prices what potential suppliers can give to you in your country.

Selling prices you can easily check in Alibaba, just type the product name there and compare the prices of gold export business in india. Then ask quotations from your suppliers in your country. Ask quotations from many suppliers, so you have many offers and you can easily make sure the local price.

There are around 26 export promotion councils from where you can get an RCMC issued. The IEC and RCMC issued is valid for all branches or business export business in india across India, and it takes only between five and seven days to get all the registrations done.

And, as mentioned above, after getting into import and export, there are many avenues one can explore. Some of these as noted below: Exploring online marketplaces You might have heard about Amazon. Being an agriculture-driven country, Export business in india depends largely on its produce of cereals and so does the importer countries such as Iran, Saudi Arabia, Indonesia, UAE and Bangladesh.

How to Start Import Export Business in India Legally

But now, the country has gone through such an industrial growth that it has become the export business in india largest steel producer in the world.

India tops the chart in jute production and also holds 63 per cent of the global market share in textiles and garments.


However, the export part of this sector thrives silently yet largely. Cotton export Cotton is one of the most abundant agricultural products in India.

How to Start Import Export Business in India Legally

Ironically, it is in huge demand in many other countries of the world. So, you can start a business that exports cotton from India to neighboring countries as well other countries in Europe, Asia, or even the Americas. If you have the little capital required, you can start export business in india your contacts in other countries where cotton is in huge demand, and start exporting the commodity to make cool cash.

Copper and its products export You may not be able to set up a copper manufacturing industry.

10 Import Export Business ideas & Opportunities in India 2018

But you can still tap from the huge opportunities in the Indian copper industry by exporting the metal to foreign countries where it is needed for various purposes. However, you must bear in mind, however, that this option might require huge export business in india.


VAT is a Indirect taxes so its rules and regulations is very state to state. Even in some state there is security concept so its little bit expensive.