The first import into India is usually a bit confusing no matter what industry you are in. It is not complicated, but requires certain registrations and processes – these will vary from industry to industry – and it can be a tough experience getting familiar with Indian commercial laws to export to India.
For most companies it is better to use the services of an importer experienced at importing into India. You can tell this by checking that they are eligible for importing goods. The importer must possess a number of standard registrations including an:
- Importer & Exporter Certificate (IEC) from the Directorate General of Foreign Trade (DGFT)
- Registration with Goods and Services Tax (GST)
- Shops and Establishment Act, Legal Metrology Act (LMA)
On top of the import export codes, you need product specific registrations for certain products.
You also need to consider the business location of your customers and the credibility of the importer.
When you have set up your own subsidiary you will also need to prepare well for your first independent shipment. You need to be the registered importer and you need to ensure you allow extra time for clearance as customs will ask many additional questions on the first import.
Selling in India doesn’t need to be a headache. M+V is registered to import many products into India and have extensive distribution networks and warehousing options for all types of goods. We can support the entire process – from your factory – anywhere in the world to your end customer – anywhere in India. With our helpful consultant and transparent ERP system you can understand the entire process for your specific products and track your shipment all the way.
For more detail on import export and selling in India please see our article Sales in India: what is my best India Market-entry strategy?, or explore our services: business incubator for new market entrants, and Accounting, Payroll & Logistics for everyone.
We manage the order processing for thousands of articles in hundreds of shipments every month and to everywhere in India.
We also set up many foreign subsidiaries and support the first import processes for many of them. We can help you with every step of the way.