In India, Ecommerce Business is one of the growing industries and many online sellers want to import goods from China to India, but they do not know the procedure. This article will help you with it.
India is one of China’s greatest importers. Below are the old import statistics for Indian imports, so you have a clear idea that there is a huge opportunity to import from China to India.
First of all, you need to understand the LEGAL things that are necessary to start an import export business in India or to import products from China.
Company Vakil provides service like obtaining Import Export Code
To Import Goods from China legal licences required are:
- Register your Indian legal entity–
You must register a legal entity in India for the start of any type of business. Legal entity is required for any type of business, even if you do not do business in India with import exports. You must include a legal entity in your brand or company name or company name for the exporting business. You can register 5 types of legal entity-
- Sole Proprietorship Firm
- Partnership Firm
- Limited Liability Partnership
- Private Limited Company
- One Person Company
2 . Apply for tax registration-
You must apply for a tax registration for your goods after the incorporation. It mostly requires your state government to register VAT / CST. It is also called TIN Number, even if the goods from China are not imported, then it is also required to sell in India. In some states, the security deposit concept and the security concept are required, so it is a little expensive license.
3. Apply for IEC code registration-
After applying for VAT / CST Registration for the import or export of goods in India, one license from the DGFT department, i.e. the IEC code, is required.
How to import goods from china
Let us now talk about the option for importing the goods from China to India. One of the best ways to import goods from China, i.e. online via Alibaba or AliExpress, or you can use a third- party agent on your behalf as the basis of the Commission.
STEPS TO FOLLOW DURING IMPORT OF GOODS FROM CHINA TO INDIA ONLINE
- Find online products that are hot in demand-
You must find the products online on the Chinese online shopping website, which is hot in your country on demand. There are several websites offering shipping in India. Alibaba is the Leader in that. As per Wikipedia, two of Alibaba’s portals sold 1, 1 trillion Yuan (170 billion dollars) in 2012. It is therefore one of the largest online suppliers in the world and as of April 2016 it is the largest retailer in the world. Therefore, if you have already decided on the product, you must find the relevant product information on various listing websites apart from Alibaba such as Amazon China, EBay China, etc.
- Find a good Alibaba manufacturer or supplier or other websites. – Once you have found a good product, you must also find a good supplier on the Ecommerce websites. You can find the Gold Supplier tag on Alibaba India. You can contact every buyer for the cost of the product and various kinds of product details. If you want to purchase the product, you can deal with the supplier. Prices are quoted by the supplier according to the quantity. If you can convince the supplier in the future to order large amounts, you can get samples at very low prices.
It is recommended that you ask for a sample product to check the quality, the buyer can send you the sample by mail. Check the sample and choose your products. If you are lucky, the same supplier is registered with Aliexpress (but not all, only a small percentage). It’s easier to obtain AliExpress samples.
There are also Alibaba and Aliexpress in India that can help you import the goods online from China to India. Apart from Alibaba or Aliexpress, you can find hktdc, cantonfair and global resources that are useful websites in China.
- Understanding about the country’s law and regulations-
You have to understand the law and regulations for trading between India and China. Many Chinese products are prohibited in India.
Some items are prohibited and are limited to imports from any country to India. Some of the prohibited items include apparel articles and clothing accessories for wild animals covered by the 1972 Wild Life Protection Act. Mobile devices without IMEI (International Mobile Equipment Identity) number or with all IMEI zeroes, narcotics, counterfeit and pirated products
- Rent a custom clearing agent and freight administrator-
A freight forwarder or forwarding agent also known as a non- vessel common carrier( NVOCC) who manages and organizes point- to- point shipments for individuals or companies to import goods from the manufacturer abroad to your location.
For the custom duty, you can hire many customs agents for the clearance if you have no knowledge of the documentation part, such as the entrance fee, etc. You can calculate the customs duties using this official calculator for customs duties.
For more such articles visit Company Vakil
