India shares its border with few strong trading nations of the world such as Japan, China and Bangladesh. This makes Indian exporters more competitive and motivated for starting their own Import Export business. But, only motivation isn’t enough to draw attention towards the success and core process of the Import Export India business, it requires a room for experience, expertise and knowledge for successfully accomplishing the goals of the business.
Once you are enrolled for your business of Import Export India, you need to keep an eye on the following strategic process.
- Obtaining the IE (Import Export) Code from the Foreign Trade
- Having your company bank account
- Issuing the PAN card of the exporters India business.
- Deciding upon the type of exporter businessman. (Merchant or Manufacturer)
- Registration with the Export Promotional Council
- Specific registration with the Commodity Board of India (selling coconuts then you need to register with the Coconut trade board of India)
- Issuing a Performa Invoice followed by the Commercial Invoice
- Issuing Air way bills and Bill of lading
- Issuing bills of exchange
- Issuing Certificate of Origin for Customs department
- Issuing letter of credit (if required)
To start your business of Export Import from India, you need to follow all the above-mentioned process strategically without failing on the legal grounds. Impexperts serve as the professional trainer as well as the business mentor to help keen trading entrepreneurs to start their Import Export business in India. For more information :- Import Export Process in India: What you need to know?
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