Import Export License Requirements in India

India, like most countries, requires exporters to obtain a licence to export. The country`s foreign trade policy (2015-2020) and the Foreign Trade (Development and Regulation) Act 1992 require the obtaining of an import and export code (CIS) for export from India.2 How can I import electronic products/kits from China? What duties/taxes apply? For personal/commercial use? I want to buy (import) micro SD cards from a company based in mainland China, do I need a license and if so, what percentage of import duties do I have to pay? Thank you Tim, I`m glad you liked our article. You can sell imported automotive components from China, the port chosen for imports makes a difference, for facts, port fees and cargo handling services vary. The current import duty on automotive components is 26.85%. IEC registration for commercial and commercial purposes in import and export is crucial. IEC is not required to import or export goods for personal consumption. The areas where IEC is required are listed below. An import duty is levied on imports of newsprint. The current import tariff rate is 10.40%; The government is likely to consider changes.

The HS code is 48010090 for waste logs and for general journals, the HS code is 49021010; The Director-General of Foreign Trade has imposed restrictions on the importation of general-purpose newspapers. Obtaining an IEC gives you the legal platform to export goods from India, which is why it is an important step. But your export business won`t be on a solid footing until you find a reliable way to find and connect with international buyers who want your products. I need to start my own ready-to-wear store business, I plan to import clothes from Hong Kong China and Singapore to India in a small shop. I need to know if I need an import license for this company in Inda, if so, where I need to ask the same, I look forward to your help in this thank you Good article sir, well, I am planning to export jumbo bags to Australia. It requires a license for export buses, please let me know the details. It`s helpful to me. Thank you, sir. Hello. Which category do animal vaccinations fall? Even if I hand over a product in India to a representative of a foreign company Will it define export If I buy from a wholesaler and sell animal vaccines, what rules or laws do I have to follow? Through customs value – The customs value is determined by the Central Office of Indirect Taxes and Customs (CBIC) for each class of imported or export goods. In determining the customs value, the authorities shall take account of changes in the value of the goods concerned. After evaluation, the tax is payable as a percentage of this value.

Hi Gunjan, this is a really informative site, much appreciated. I would like to know the procedure for importing building materials such as floor and wall tiles/kitchen accessories and bathroom accessories in India for personal use and import duties and various taxes. Please advise you. Thank you. In general, India`s foreign trade policy stipulates that all goods can be freely exported. But like most countries, India restricts or prohibits individuals and private companies from shipping certain goods. These goods were on the negative list of the 1997-2002 import and export policy. What is the official procedure and requirements for importing sunglasses/lenses/glasses from London/America/China. What is the tax percentage on these items? Look forward to your response. In addition, applicants may be asked to provide a copy of a recent order from a foreign buyer. You may also need to provide a No Objection (NOC) certificate for certain exports. For example, if you want to ship medical products, you may need to provide a NOC to the Food and Drug Administration.

The Indian Trade Clarification (ITC), which is based on the Harmonized Nomenclature System (HSN) coding, classifies goods in India for import and export. The eight-digit code of Indian Customs is also based on the ITC-HS. An export permit is required for the export of goods classified as “restricted goods” in this ITC-HS list. Apart from the fact that an export permit is required for exports from India, there are other reasons why a license is required: We plan to ship unglazed porcelain stoneware tiles from the United States.