Export Import Insights | Impex Consultancy

  How to Start an Import-Export Business in India: Complete Step-by-Step Guide Starting an import-export business in India can open opportunities to sell Indian products in international markets or source products from overseas suppliers. However, success requires more than finding a buyer or supplier. You need the right business structure, registrations, product classification, documentation, logistics arrangements, and cost calculations. Whether you are a manufacturer, trader, wholesaler, small business owner, or first-time entrepreneur, this guide explains how to start an import-export business in India step by step. In this article, you will learn: How to select an import-export business model Which registrations and documents may be required How to obtain an Importer Exporter Code (IEC) How to find international buyers and suppliers How to calculate costs and profit margins How to manage customs clearance and shipping Common mistakes new importers and exporters should avoid Im...

  Import Customs Duty in India: How to Calculate Customs Duty, IGST & Total Import Tax Importing goods into India involves more than simply paying the supplier. Importers may need to account for customs duty, IGST, applicable surcharges or cess, freight, insurance, port and customs clearance charges, and other logistics expenses. Understanding how import duty is calculated is therefore essential before placing an international purchase order. A small mistake in HS Code classification, customs valuation, country of origin, exemption eligibility or documentation can affect the final landed cost. In this guide, we explain the basics of import customs duty in India , including Basic Customs Duty (BCD), Social Welfare Surcharge (SWS), IGST, assessable value, preferential duty, customs valuation, Bill of Entry and common mistakes. Important: Customs duty rates and applicable taxes depend on the product, HS/CTH classification, country of origin, notifications, exemptions, trade agr...

Understand HS Classification, Customs Duty, Import-Export Policy & Common Mistakes Choosing the correct HS Code is one of the most important steps in an import or export transaction. Many businesses select an HS Code based only on the supplier's invoice, an internet search, or a code used for a similar product. This can be risky. The correct classification can affect: Customs duty Import policy Export policy Licensing requirements Regulatory compliance Trade agreement benefits Customs clearance Documentation Overall landed cost For this reason, HS classification should be checked before placing an import order or shipping an export consignment. Important: HS classification depends on the actual characteristics of the goods and the applicable tariff rules. The information below is for general educational purposes and should not be treated as a classification ruling for a specific product. What Is an HS Code? HS Code means Harmonized System Code ...