India in recent years has seen major growth in the export and
import of goods and services in India. Every year's numerous start-ups and
companies joining the race to venture into this area.
Getting started
Pan Card: To establish a business organization you need to have a Pan card issued by the
Income Tax Department for registration.
Form a business entity: According
to the management pattern, your business must be registered first with the government of India. It
can be a sole proprietorship, partnership, private limited company, or LLP.
VAT Number: You also need to obtain a Service Tax
registration or a VAT registration certificate.
Current Bank Account: After successfully completing the above steps
you have to open a current bank account in order to carry out the transaction
exclusively for your business.
Obtain an Import Export
Code (IEC): It is the most important requirement to start your
import-export business. IEC can be obtained online by applying at the DGFT
website.
Documents Required for Import Export Code (IEC):
1. Personal
PAN card or Company PAN card
2. Applicant’s
photograph
3. Copy
of a canceled cheque from the business’ current account
RCMC Registration-cum-Membership-Certificate: Depending upon
the class of your product, it is granted by the Export Promotion Councils.
There are around 26 export promotion councils from where you
can get an RCMC issued.
Once a is valid IEC and RCMC are issued, you are now set to run
an import-export business in India.
Opportunities available with exporters
The import and export of goods or services play a huge role in
a country’s GDP growth. It also makes a country stay connected via trade
through the rest of the world. Having said that, business entities in import-export the arena can explore various platforms to get started with, one of such platform
is expostall.com.
Expostall.com is India’s leading B2B marketplace for exporters in India that intends to provide the business directory for Manufacturers, Suppliers, exporters & national or
international buyers. Users can do a free listing of their products and generate
instant leads from across the globe; users can also chat instantly with
intended suppliers for bulk or wholesale requirements.
Source-: https://bit.ly/2UzEHFX
Much obliged for the article. I might want to add something to the individuals, who admire send out the booked items. Farming and Processed Food Products Export Development Authority (APEDA) was developed by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act. Visit vakilsearch to apeda registration online: RCMC Registration
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