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13
Sep
17
Need of Agricultural Products License in India

Agriculture is the root of any countries economic development. Agricultural are the key source for primary sector in India and it contributes a significant figure of GDP in India. India is one of the exporters in the world. FSSAI is the organization to legalise, authorize and certify agricultural food products in India.  

India has gone through many revolutions to grow in the agricultural field. Indian government has made special efforts to hike the production of Agricultural products and has made India one of the leading producers of food grain in international market. Import Export Code is the number that should be each and every exporter in India with Director General of Foreign trade.

Exporter should register with an appropriate export promotion agency by obtaining a registration certificate to get enjoy mutual benefits under the export-import policy.

Features of Agriculture License in India

  • All Exporter and Importer need to acquire IEC (Import Export Code) from Government.
  • Every exporter or importer needs to comply with the conditions of License.
  • Inform authorities with regard to every changes or modification in the activities
  • Financial assistance is extended to exporters

All the businesses which expect to do global trading of agricultural goods need to register with a local licensing authorise that gives them an Import Export Code (IEC) Code. Custom authorities won't allow freedom of products unless the merchant gets an Import Export Code (IEC) number from the territorial permitting expert. Executive General of Foreign exchange is the specialist that gives them an Import Export Code (IEC) number.

Indian government has built up a few bodies like APEDA, Spices Board and so on for improvement of agro enterprises and to control the timetable items for trades by settling of benchmarks and details for send out. To get advantages and concessions under the fare import approach, exporters should enlist with a suitable fare advancement office by acquiring an registration cum-participation declaration certificate. There are different enlistments which an element is required to acquire over the span of business, some of them are being talked about here. Notwithstanding, in view of the business exchanges a specific business may require different enlistments, you may please get in touch with us for consultancy on that.

Major agricultural goods are needed to experience quality control and pre-shipment reviews before trade under the Export (Quality Control and Inspection) Act, 1963. Be that as it may, items that have an ISI Certification Mark or Agmark don't should be investigated by any organization. All merchandise ought to be named, bundled, stuffed and set apart before send out.

Imports to India are represented by the Foreign Trade (Development and Regulation) Act 1992. Under this Act, imports of all products are free aside from the things directed by the strategy or some other law in constrain. The things managed by this arrangement is named denied list which can't be foreign made. For import of things that show up in the "Limited" show one have to secure an import License while the things that are counted in the canalized list are allowed to be transported in through canalizing Agencies. Every other item can be unreservedly foreign.

Import of agrarian item was a worry for the fabricates as there was no settled strategy for it. Presently we have import methodology for the greater part of the agrarian items, fisheries segment, agriculture, domesticated animals items. There are diverse offices/offices for advancement of businesses, settling of benchmarks and particulars identifying with the planned items for send out, enlistment of individuals, permitting, and so forth.

15
Mar
17
How to get Import Export Code Sole proprietorship

Sole proprietorship is the easiest form of firm to create. Sole proprietorship can be formed by anyone and get an IEC code in India. It is a type of Business that has a single owner who pays income tax on the profit earned on Business. Sole proprietorship is a popular business form due to its simplicity, ease of setup, and nominal cost and has no separate identity under the law.   

Import is an international as well as domestic form of business in which exchange of goods and services across the international borders takes place. It is a one the most rapid of Business in International trade. This Trade exists because one group or a country has a supply of some commodity or merchandise that is in demand by another.

Import Export Code (IEC) is a unique code issued by Director General of Foreign Trade, Ministry of Commerce. It is compulsory because without this you will not be entitled to Import and Export Business. It is required for the limited services where it requires specific service or technology.

Process of getting the IEC code in India

Registration of your Proprietorship is a good practice since it is an unregistered form of business, but it has to be registered by seeking the local license. If you are dealing in products i.e. selling goods, then you need registration under VAT. If you are a service provider then you need to be registration under Service tax.

Open a Current Account after getting the proprietorship registration. A Current account can be opened with any bank in India. It is important because cancelled cheque is the mandatory requirement in getting the IEC.

Collection of Mandatory Documents is necessary before you going forward with the IEC application, make sure you have the required documents:

  • Copy of PAN card
  • Copy of ID proof
  • Passport size photograph
  • Copy of cancelled cheque

Apply for Digital Signatures after collecting the mandatory documents. Apply for digital signatures certificates. Since the IEC code is completely online, one must secure a digital signature to sign and submit the online Import Export Code (IEC) application.

Apply for IEC Code after collecting all the requisite documents and digital signatures. Apply for IEC code in India. An application should be filed with due care to avoid any chance of being rejected.

06
Mar
17
How to start Export Business?

Export is a term which means shipping of goods and services out of the jurisdiction of the country. People mainly involved in this type of Business are called the Exporter. Selling of goods improves the gross output of the country. Export is an activity requires the involvement of the customs authorities in both the country of export and the country of import. There are different types of trade barriers caused due to government laws, regulations, and policy. 

In many countries, internet has bypassed involvement of Customs because of the low individual values of these trades. Since International trade has been a theory of economic thought. Export has an important role in the international trade and commercial policies. There are different methods to export such as

  • Shipping by air
  • Shipping by vessel
  • Mailing and Hand delivery
  • Downloading and Uploading on the Internet site.

Export business involves a plan. Following are the plans that can be used in Export Business.

  • Export of Product and Services
  • Capital Requirement
  • Market Study
  • Customer Study
  • Transportation and Logistics

Process involved in starting of export Business

There are mainly 3 types of Export Business

  • Start an Export Management Company if you wish to be the partner with domestic sellers to find foreign buyers for a small group of companies. EMC export operations for a domestic company that wants to sell its product. The hiring of dealers, distributors, and representative, handling advertising, and marketing promotions. EMC has merchandise to sell and is using its energies to seek out buyers.
  • Formation of an Export Trading Company for serving foreign buyers by matching them with domestic suppliers who can serve their needs. ETC attacks the other side of the trading coin. Identification of foreign buyers who want to spend their money. It also takes title to the goods and works on a commission basis.
  • It can be also be started by becoming an Export Merchant if a person wishes to purchase merchandise on your own and sell it in foreign or domestic markets. Export is sort of free agent.

Business registration-In this process you need to obtain licenses and permits from the country where you want to explore your Business. This is the first action plan after the decision of type export business. It is recommended to start the business with private limited venture which offers the promotion because of easy protection and easy to access loan. Private limited Company is the most preferred type of firm for export Business.   

Tax Registration-After Business registration, Tax registration can be obtained by Business entity name and PAN. Once the PAN has been obtained Bank Loan syndication, Raw Material, and other equipment can be easily purchased. Good and services do not attract VAT/Service Tax.VAT registration is required in case of purchase from another state.   

Importance of IEC - It is the code compulsory for any legal export Business. IEC license is required for specific service and also identification of the export business. It is not compulsory in those conditions in which export is for personal use and charitable organization approved by Central Government.

Focus on the early stage of your business by choosing a target niche. In the export vast range of industries are chosen for the benefit of the business and establish a reputation. Export can be of out-of-season produce and inexpensive foreign staples.

Establishment of Foreign contact –This is a time-consuming process in which you need to compile contacts. Place calls and mail marketing materials directly to sales and purchasing managers in each company.

Determine the needs of each of your contacts and begin to make connections. Compile a list of interest of people involved in doing business with you in the previous step. Communicate with purchasing and sales managers in each company to discover which products they have to offer to foreign buyers and which products to purchase from a foreign source.

If you want to start an export business visit Registrationwala.com

28
Feb
17
How to get Import and Export Code?

Import Export is a one the most rapid of Business in International trade. Import and Export Trade exists because one group or a country has a supply of some commodity or merchandise that is in demand by another. This has been done as the world becomes more and more technologically advanced, as we shift in subtle and not so subtle ways toward one-world modes of thought, international trade becomes rewarding, both in terms of profit and personal satisfaction.

Import Export Code (IEC) is a unique code issued by Director General of Foreign Trade, Ministry of Commerce. In India, IEC is compulsory because without this you will not be entitled to Import and Export Business. IEC is required for the limited services where it requires specific service or technology.

IEC is not required for goods imported or exported for personal use which is not connected with trade, manufacture or agriculture. This is also not required in case when government ministries or departments, or certain notified charitable organizations.

Procedures of Import Export Code

  • File an application in Aayaat Niryaat Form -2A (ANF 2A) format to the Regional Authority of the DGFT. This can be done online with DGFT.
  • Form 2A(ANF 2A) requires basic details of the business and its proprietors, partners or directors, bank account details and a bank certificate (where the business has an account) stating the period for which the business has an account with the bank.
  • IE Code is issued is valid for the lifetime for the entity and requires no renewal. It can be obtained and used by that entity for all its import or export transactions without any hassle.
  • IEC can be surrendered if a holder does not wish to operate the allotted IEC number. The authority can be canceled on receipt of such intimation electronically.
  • Application Fee is Rs. 500 and after it no fee shall be payable in respect of any application made by such class or category of applicant as  specified  in  Foreign  Trade.           

Documents Required

  • Copy of PAN Card.
  • Passport size Photograph
  • Copy of Bank Certificate/ Cancelled cheque.

Target Market

There is requirement of consumer for business to, live long and prosper. Planning must be done to target market to determine potential clients. This also includes geographic area you will draw .Basically these are important in phase of mega-trader building project. Market can be boosted by proper research of company for profit.

03
Jun
16
Process to get IEC registration

IEC (Import Export Code) license is a code which is required by a person for exporting or importing goods. It is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. It is a prerequisite for a businessman who is into a business of import and export.

Therefore, it is inevitable requirement to obtain Import Export Code (IEC).  Following is the process:

  1. Firstly you have to download form AAYAT NIRYAT FORM (ANF2F). This form is available online.
  2. The fees in case online application have to be paid through online mode only.

Documents Required:

  1. A certificate is also required from the banker on the letter head of the bank as per the format Appendix 18A with necessary details of banker.
  2. Certified copy of PAN of entity.

These are common documents which are applicable in case of all type of applicant, but there are some other documents which are also required:

Instruction to fill form:

  1. While filing the form you will be asked to fill PAN, e-mail Id and mobile number of the applicant.
  2. After entering the details, you will get a separate registration code on the mobile number and e-mail Id, only then you can fill part B and C
  3. You can save, edit or fill the form later as per your convenience. But when you re-log in, step 2 will be repeated.
  4. Fill part B and C carefully.
  5. After filling the signatory details, upload the photograph and other documents in JPG/GIF format.
  6. After reviewing the application, pay application processing fees of Rs. 500/- through debit or credit card or through net banking.
  7. In case you don’t have digital signature, then follow step as follows:
  8. Take a print out of the duly filled application form.
  9. Put signature manually.
  10. Upload the duly signed form and also submit the printed and duly signed and filled application in the office of concerned regional authority through post or by hand.
  11. On submission, a confirmatory message or e-mail of receipt of application would be sent on registered mobile number or email.
  12. You can check your application status of IEC registration, by clicking in ‘application status’ Tab.

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