How to Start Export of Products from India

India is known for its agricultural country as nearly 55% of its population

still dependent on farming as living. In recent year govt. has taken

major steps to boost the agriculture sector and its exports. India

export variety of food products be it:

• Fruit, vegetables and their products.
• Meat products
• Poultry products
• Dairy products
• Honey, Jaggery & Sugar products
• Cereal & Non-Cereal products
• Dry fruits, Nuts and their products

Primary

food crops combine vegetables, cereals, spices, meat, oil, fruits etc.

and before starting the product export business in India, the exporter

needs to be prepared and planned. Here are detailed steps one must take

in order to start their own export business.

1. Establish an Organization

First

of all, you need to register for a sole propriety or partnership firm

as per the prescribed procedure with a relevant business name &

logo.

2. Bank account

You will need to apply for a current bank account which is authorized to deal with foreign exchange.

3. Obtain PAN

This is a compulsory document which any importer or exporter needs.

4. Register for IEC ( Import Export Code)

As per foreign trade policy, it is compulsory to obtain 10 digit IE code for export/import in India. Application for the same needs to be done to that of the Regional DGFT authority in form ANF 2A

5. Registration Membership Certificate

To avail benefit and concession under FTP 2015-20, this certificate is needed by an exporter/importer.

6. Selection of product

One

needs to be careful while a selection of product to export. An exporter should analyse trends in export business keeping in mind the demand for the product in the international market. Also, the product selected for export must bring a fair profit.

7. Searching Buyers

Create a website with product information, payment terms and other details can help clients find you. Digital Marketing can grow your business and find potential buyers. Apart from this, you can visit buyers meet, trade fair & exhibitions.

Once determining buyers interest you can negotiate for the pricing and

discussion related to allowance and other aspects to be considered.

International trade involves risks related to payments due to buyer/

Country insolvency. These risks need to be covered by an appropriate

Policy by Export Credit Guarantee Corporation Ltd.

Delivery

Delivery is the most important feature in the Import/ Export business, planning should be such that nothing should come in a way of fast and efficient delivery.

Customs

Exporters may avail services of Customs House Agents licensed by the Commissioner of Customs. They are professionals and facilitate work connected with the clearance of cargo from Customs.

Export in itself is a very wide concept and a lot of preparations is required by an exporter before starting an export business. If you need guidance in starting your own import-export business you always consult to Aaronica Global Exim. You can attend a training workshop or webinar to understand the complete scenario and documentation part of this business. Once you are associated with us we make sure to guide you and consult you in every step of your business.

We are provide training in Import Export Business