Import & Export Procedure

HOW TO IMPORT FROM OTHER COUNTRIES INTO INDIA

1) Import Export Code.

2) Decide a objective or Activity of Company.

3) Open bank A/c. in Name of Company in Export Import bank.

4) Print your letterhead or visiting card.

5) Make your rubber Stamp.

6) Take VAT NO./TIN No. for your Company from Local Sales Tax Authority.

7) CBM Calculation

8) Procedure of Goods , sended by Air during Import & Export

9) Shipping Marks.

10) ITC-HS CLASSIFICATIONS (INDIAN TRADE CLASSIFICATION (HARMONISED SYSTEM).

11) Consolidation of Cargo of different Goods into 1 container.

12) Selecting Airport/Port for Clearing of Goods from Foreign countries.

13) Import Of Goods under Wrong/Mis-leading Classifications of Goods

14) Show Cause Notice By Custom Authority

15) MRP Rules & Regulations by Indian custom for FMCG Products.

16) Intellectual Property & Trademark Rights by Indian Govt.(WTO)

17) National Import Database Management

18) Department of Revenue Intelligence

19) MRP RULES & REGULATIONS.

20) Freight Charges (Container Charges Differ)

IMPORT OF PRODUCTS

1) Costing

PRICE (Usd$ Costing)

+ Freight (From Singapore to India by Air or Sea)

+Insurance (Singapore to India , Insurance of Goods)

+Port Charges By Shipping Company.

+CHA Charges (Custom House Agent charges)

+Freight (From Mumbai to Rajkot)

+Insurance (From Mumbai to Rajkot)

2) Product Price

See the USD$,HKD$,RMB costing of the products available from China, Singapore or other countries.

3) Demand of the Product

The product which you are importing from other countries see there is demand of that product in your country. After Product comes to india, products is marketable or saleable easily.

4) Quotation From Supplier/ Rates Terms

FREIGHT = FREE ON BOARD

CIF = COST, INSURANCE & FREIGHT

EX-WORKS = Delivery...