Export & Import Merchandise
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Activity:
Question posted: 02 11 2009 11:37:31 +0000,
2 answers, 559 views, last activity
07 06 2010 20:18:08 +0000
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I am planning to get into import business in India..
Is it easy to get an import license in India? Please advise.
Dear Sudeep,
It is raelly nice to hear from you,
As Mr. Sudeep from HNS already provided you some insight about the procedure for importing any goods to India,
I would like to provide you some insight like,
Please decide few things like
1. what product are you planning to inmport
2. What is the import duty for these product (there are duty free products,)
3. Which country are you planning to import from (financial viablity and logistical feasibilty)
4. who are the other competitors for the same product in the local market
5. Who are the local manufacturers of the same product, and which all state they serve this product,
6. What is their pricing strategy, and what is their market coverage and reputation,
7. What price are you going to sell this product in the local market
This will help you to get an insight about the profitablity and growth of your business,
About logistics Part,
1. How are you going to get this product )By Sea/Air/or Multi Mode
2. Which trems of shipment are you planning to do,
Like CIF (cost insurance and freight - paid by the shipper
C & F (Cost and freight paid by the shipper,
FOB (frieght on board, shipper will take responsiblity of the shipment till he hand over the shipment to the concerned shipping line or their concerned agent, all other charges will be on your account)
EXW ( Ex factory, Shipper is not at all concerned about the cargo, you need to pick up the cargo from shipper place and all charges will be on your account,
FCA (Free carry alongside , Shipper will provide the cargo to the warehouse of the concerned agent,
Please dont hesitate to call me for further information,
Regards,
Rajesh
HP: 0091 9960925655
Pune
HELLO MR.SUDEEP, TO START ANY BIZ WE NEED TO GET SOME APPROVAL. SAME CONDITION IS HERE. IMPORT FROM CHINA IS NOT IMPOSSIBLE OR THERE IS NO ANY BARRIER, BUT IT DEPENDS ON THE PRODUCT. IF U WANT TO PURCHASE(IMPORT) GOODS FROM CHINA THEN VERY FRST U HAVE TO GET THE "IE" CODE (IMPORT - EXPORT LICENCE CODE).FOR GETTING THIS CODE U NEED TO APPLY FIRST TO THE "DGFT" OFFICE AND ONCE U WILL FULLFILL THE REQUIREMENT THEN U CAN GET THE LICENCE. DGFT STANDS FOR "DIRECTOR GENERAL OF FOREIGN TRADE".
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