Import Export Business Import Export Business is a long term business. This business is done permanently by many people, and it can also provide employment to many people. Any person can start this business easily. There are some special legal procedures for this business, which the businessman has to complete before starting the business. Here all the information related to this business is being given, so that you will be able to get complete details of the business structure and profits etc. How to Start Movers and Packers Business in India Read here.
Registration for Import Export Business Registration
All processes for import export business are legal. For this business, the person starting the business has to register his business under Transport. However, to run any business, registration is required. If a person does business between his own country and another country, then this trade is not only for those two persons, but also for the two countries between which this trade is taking place. Before starting this business, the following registration is also required:
- Registration under MSME: At present the Government of India has given permission for any business Registration under MSMEIt has been made mandatory to do so. Apart from this, registration can also be done with the help of Udyog Aadhar. With the help of Udyog Aadhaar, you can register your business online under the Government of India in just 5 minutes.
- Shop Act Registration: If you do your import-export business while living in a corporation area, then you also need to register your business under Shop Act Registration. Is.
- No Objection Certificate: If you do this business from a rural area, then it is mandatory to get this registration done. The trader needs to obtain an NOC from the Gram Panchayat.
- IE Code: The full form of IE Code is Import Export Code. Therefore, from its name itself it can be understood how important it is for this business. This code is received from the Ministry of Foreign Trade of the Government of India. Therefore, for this there is a need to apply there. This work can also be done within Rs 2000 with the help of a chartered accountant.
- GST Registration: The Government of India has started the GST tax system keeping in mind the economy of the country. It is also mandatory to register under this for import export business. Help of a CA can be taken for this registration also.
With all the above registrations you can start import export business.
Website for registration of import export business (Import Export Business Registration Website)
There are many companies through which registration can be done for the above registration. Here the name of an online website is being given, through which you can get help in registering. : http://www.myonlineca.in/
Trade Business Ideas
Under trade, people bring cheap things found abroad to their country and earn huge profits by selling them at higher prices here. This happens through the process of import and export. For this, different countries have different websites, through which a person from another country can order goods in his country. Imagine that you want to import some cheap goods from China to India and sell it here and earn profit, then for this you will first have to go to China’s import export website. You need to enter the query as per your requirement on this website. The name of the website is given below.
- https://india.alibaba.com/index.html
After you enter your query on this website, you get about 15-20 quotations from that side.
Trade Business Process for Import Business
Further steps for trade are being described below.
- Once you receive the quotation through the website, you can select a company to trade with.
- After choosing a company, all your questions will be answered by that company. After this a quotation has to be selected for trade.
- After selecting the company, you have to give a delivery order or dispatch order to this company through a form through email.
- After this you have to send your firm’s information to the selected company. Your order gets approved after sending half of the total cost.
- After this, you are asked by the Chinese company whether the logistics firm will be yours or the one sending the order. At this time there is a need to choose the firm port of your country like Kolkata, Chennai, Maharashtra etc. You can choose any of these.
- This import export happens from port to port, hence you have to hire a logistics firm and give them all the necessary information related to the goods to be imported. At this time, there is a need to keep all the information about the place from where the item is being ordered.
- This logistics firm also helps you in bringing the order to your personal place. This firm delivers the goods to your godown after completing all the formalities related to custom and duty and GST etc.
- After this, once you have the landing bill in your hands, you pay the remaining amount to that company.
- This type of business is called import business.
If the logistics company is from China
If you choose China as the logistics company during import, you have to go to the container yard of the port. The conversation has to be held in the container yard of the port. There are a large number of container yards present in the ports of any city, details of which you can also get from the internet. How to earn money from YouTube Read here.
- This container yard needs to let you know where your goods are coming from and when they will arrive. After this, this container yard gets your goods custom cleared.
- After this, you can hire a truck etc. and get your goods delivered from the custom yard to your godown.
For Export Business
If you want to make goods in India and sell them abroad, then it is also called export business or export trade. There are many things which can be made in India and can be easily sold abroad, hence this business is quite effective. There are many formalities and procedures for this business, which are being described below.
There are many websites for export also, from where you can easily sell your goods abroad. For this you can use the website given above, alibaba, or apart from this, there is another better website, the name of which is given below.
- https://members.exportersindia.com/
You can easily update your product on the above mentioned website. In this way your product gets promoted.
Export Business Process
The process of export business is being described below.
- Imagine that you have uploaded your product on this website, and someone from abroad wants to get your product from you, then he will also put his query on this website in the same way as you had put the query for import on Alibaba. .
- After this, all the processes will be the same as it happened at the time of your import. At this time you book your goods to the port of the country from which the person has purchased it.
- Even in this process, it is better if the logistics are yours. You hire some logistics, this logistics gets the goods exported by you cleared at customs etc. and then transported to the designated port of the foreign country.
- Imagine you send your goods from India to America, then all the processes for this are done by this logistics firm.
- After this, the company there in America does all kinds of formalities to get the goods.
Import Export Materials Costs
This expense depends on the size of the container. For this you can rent a 20 feet container port to port. The rent of this container can cost you between 500 to 700 dollars to send goods from China to India. However this charge varies for different countries. You can export your goods according to this container. Generally the total cost of starting this business ranges from Rs 5 to 6 lakh. Taxes etc. are also included under this.
Similarly, you can also start a packers and movers business within India.