How do you import?

What are the steps of importing?

Below, we outline the steps involved in importing of goods.1Obtain IEC. ... 2Ensure legal compliance under different trade laws. ... 3Procure import licenses. ... 4File Bill of Entry and other documents to complete customs clearing formalities. ... 5Determine import duty rate for clearance of goods.

How do you import something?

The five basics steps you need to know before becoming an importer are as follows:1Decide the country. Different countries have different export/import regulations. ... 2Search for suppliers. ... 3Search the duty and taxes. ... 4Find a reliable freight forwarder and customs broker. ... 5Ship the goods on time.

How do I start importing?

Starting an import/export business1Get your business basics in order. ... 2Pick a product to import or export. ... 3Source your suppliers. ... 4Price your product. ... 5Find your customers. ... 6Get the logistics down.

What is required to import?

Documents Required for Import of Goods Bill of Lading / Air Way Bill. Commercial invoice-cum-packing list. Bill of Entry.