I want to start import-export business,at present im a businessman and deals in sarees.so wats the procedure?

Question

I want to start import-export business,at present im a businessman and deals in sarees.so wats the procedure?

Answer 1

there are 10 procedures for starting import procedure.

1. trade enquiry - first u should gather information from trade directors. a trade enquiry  is a receipt issued by importers to exporters for supply of goods.

2. procurement of import license

3. obtaining foreign exchange

4. placing an order or indent

5. obtaining letter of credit- a letter of credit is a guarantee issued by importers bank that will honour certain payments to the expoter

6.arranging for finance

7. receipt of shipment advice

8. retirement of import documents- the set of documents are bill of exchange, commercial invoice, bill of lading, airway bill, certificate of origin.

9.arrival of goods.

10. customs clearance and release of goods

there are 17 export procedure.

1. receipt of enquiry and sending quotations

2. receipt of order and indent

3.obtaining letter of credit

4.obtaining import license

5. pre shipment finance

6. pre shipment inspection

7. production and procurement of goods

8. excise clearance

9.obtaining certificate of origin

10.reservation of shipping space

11.packing and forwarding

12.insurance of goods

13.customs clearance

14.obtaining mates receipt

15.payment of freight and insurance of bill of lading

16. preparation of invoice

17. securing payment

Answer 2

I too am a dealer in saree and wish to expand my business to other developed countries.We two can contact each other and share our view.My e-mail id is [e-mail] may contact me,with details of what type of sarees are you dealing in.

Answer 3

try the US dept of commerce(check spelling) its their job to help americans sell products over seas.keep in mind there is a lot of red tape and money here.and watch your spelling.im no one to talk about spelling,good luck.

Answer 4

ask to a financial institution or something like that not here. good luck.

Answer 5

Hello,

First get IEC Code from Exports Department which should be in Industry Department building.  After getting the IEC Code i.e Importer Exporter Code the most difficult and most easy thing is to search for the customers.  Participate in fares exibitions and write to international importers.... it is a hard work.  Best of luck for everything.  The fees of having the IEC Code is not too difficult.  You can contact the Reserve Bank of India to know the details also.  But requirement of RBI in starting export business has been removed i suppose.  Search the details in wesite also. dgft.delhi.nic.in

Best of luck buddy.

Answer 6

I am a Chinese export.You can send me email and ask me about the detail of trade business.