In the world of export-import, each shipment counts. And you cannot afford to make any "uninformed investment". So, if you have any doubt or a question, ask us. Our team of experts at The Dollar Business Intelligence Unit will be happy to answer your queries. Your question(s), if approved, will also be published on www.thedollarbusiness.com, and/or in forthcoming issue of The Dollar Business.
Question: Hi We plan to import lubricants from our plant in UAE. What is the procedure for lubricant import? Kindly share details of customs duty, total imports in India and data on exporting countries. Thanks (Ummer, MANAGING PARTNER, VB VENTURES, 9620920XXX, [email protected]) TDB Response: Dear Ummer: We assume you want to import lubrication oil falling under ITC HS Code: 27101980. Lubrication oils falling under the said HS code attract a total import duty of 20.291%. In case our assumption about the intended import product isn’t exact, please write to us. The Dollar Business Intelligence Unit would like to hear from you.
Question: I am interested in exporting rice to European countries. How would you help me (Ananth, Sr software engineer, Ggk tech, 8008648XXX, [email protected]) TDB Response: Dear Ananth: We are happy to hear of your decision to head into the world of foreign trade. Well, to start an export-import business, first you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed online on the DGFT website. DGFT only accepts online applications for IEC issuance or modification and requires only three documents: (i) PAN; (ii) Cancelled cheque bearing entity’s pre-printed name or Bank Certificate; and (iii) Digital Photograph (3X3 cm). All you need to ensure is that details filled in the application should match with details in the uploaded documents. Having said that, an online application for IEC however, can only be made using Digital Signature Certificate (DSC; Class II type). You can type the following URL in your browser – www.thedollarbusiness.com/memberships and subscribe to TDB GROW Programme. From applying for your Importer-Exporter Code (IEC), Digital Signature Certificate (DSC) and assisting you with advanced, actionable, and useful analytics derived from impeccable and priceless research on exports/imports of the product of your choice from The Dollar Business Intelligence Unit, a dedicated team at The Dollar Business will do the hard work for you.
Question: Hi, I am about to register an import export company and I primary wish to import apparel, shoes and fashion accessories from the asian countries to start with. I am aware of the process of getting and IEC code and other things. To minimise the risk and to see if things work out, can I buy things in Thailand and get them via air cargo? I understand I would have to pay customs for whatever products attract an import duty. Can this be possible without an IEC. ? Thanks. (Krish, Owner, KC Exports and Imports, 9618616XXX, [email protected]) TDB Response: Dear Krish: No export or import can be made by any person without obtaining an IEC unless specifically exempted. However, there are certain categories of importers and exporters that are exempted from obtaining IEC – this includes ministries and departments of Central or State governments; persons importing or exporting goods for personal use not connected with trade or manufacture or agriculture; persons importing/exporting goods from/to Nepal, Myanmar through Indo-Myanmar border areas and China (through Gunji, Namgaya Shipkila and Nathula ports), provided CIF value of a single consignment does not exceed Rs.25,000. In case of Nathula port, the applicable value ceiling will be Rs.1,00,000. For others, IEC is mandatory.
Question: Is CNCA Certification mandatory in entire Africa ??, all African party are asking for it, at present my clients are taking help of one private co in Mumbai against heavy costing of docs, any legal step by step procedure if any one has. Please share your views in detals, Thank You (Kishan, CEO, Barai Overseas, 8128111XXX, [email protected]) TDB Response: Dear Kishan: Most countries in Africa need an Electronic Cargo Loading/Tracking Note/Certificate to clear the cargo. Different names are used by different countries, viz: CTN: Cargo tracking note; CTN No.: Cargo Tracking Note Number; ECTN: Electronic Cargo Tracking Note; BSC: Bordereau de Suivl des Cargaisons; BESC: Bordereau de Cargaison; FERI: Fiche Electronique des Renseignements Importation; COC: Certificate of Conformity; BIC: Bordereau D’Identification des Cargaison; CRN: Cargo Registration Note; SONCAP: Standards Organization of Nigeria Conformity Assessment Programe; CNCA: Conselho Nacional de Carregadores de Angola, among others. A CNCA (Conselho Nacional de Carregadores) certificate is required for shipments to Angola. Angolan law requires that all cargo purchased abroad for import to Angola has a loading certificate. The agency administrating this law is the Angolan National Shipper’s Council also referred to as CNCA. The Loading Certificate number (CNCA certificate) must be shown on all documentation related to the cargo shipped under that Loading certificate. The shipper and/or forwarder should provide the Loading Certificate number to the ocean carrier at the loading port (loading agent) for inclusion in the manifest and Bill of Lading. The Loading Certificate must be obtained by the shipper/forwarder before loading the cargo, and it should be obtained from one of the CNCA agents around the world. No exceptions are made to the requirement of a Loading Certificate. All companies, customers, NGOs, embassies, etc., must obtain a Loading Certificate prior to loading. An applicant who wishes to acquire the certificate has to communicate the following information to the approved agency: (a) B/L copy; (b) Commercial invoice (or a packing list if commercial invoice is not detailed enough); and (c) CNCA Application Form to be filled in each field (please take particular care in the insertion of complete 8-digit HS CODE). As per Angolan authorities, the approved agency in India is Dolphin Chartering, based in Mumbai.
Question: Now i am doing textile business only in national level, But i want to take my business to international business platform. Which countries are suitable for doing this textiles business? (arthy, founder, arthy traders, 8608188XXX, [email protected]) TDB Response: Dear Arthy: We would request greater details of the textile product you want to export for us to advice you better. Having said that, let’s assume that you want to export woven fabrics of cotton containing equal to or more than 85% cotton by weight and weighing less than equal to 200 gram/cubic meter falling under HS Code: 5208. Industry data reveals that India is a big exporter of the products falling under the said HS Code. In fact, India ranks 2nd in the world, just behind China, when it comes to exports of the said product and accounts for about 7.14% share in global exports of the product. While India’s biggest export destination for products falling under the said HS Code is Sri Lanka, the country has also been significantly supplying to Bangladesh and United Arab Emirates (UAE) and the exports have been only rising to these countries over the last few years. More of such pure, researched data is available to members of The Dollar Business GROW and CONNECT Programmes. (You can read more on TDB Membership Programme on https://www.thedollarbusiness.com/memberships).
Question: GOOD MORNING BRO, I'M APPURAMAN FROM PONDICHERRY ADITHYANEXPORTS PROPRIETOR WE R INTERESTED IN EXPORT APPALAM(PAPPAD) , NATURAL HONEY, SOUTH INDIAN MORNING DISHES VARIETY (ILY PODI) RED ONION,WHITE ONION,YELLOW ONION SIR. HOW TO FIND OUT THE BUYER THOSE ITEEM TO EXPOTS? I HOPE PLEASE GIVE ME A DETAILS BRO. (APPU, PROPRIETOR, ADITYHAYN EXPORTS, 9489150XXX, [email protected]) TDB Response: Dear Appu: You can approach your concerned association – Agricultural & Processed Food Products Export Development Authority (APEDA) – for assistance or directly reach out to potential buyers by posting your product information on https://www.thedollarbusiness.com/marketplace. From discovering the best markets to source from or supply to, to overcoming statutory and procedural challenges with respect to exports-imports documentation, to identifying the right logistics partners, International Marketplace understands all your requirements, and accordingly connects you with the right market and partners. Additionally, you can also explore The Dollar Business CONNECT Programme (You can read more on TDB CONNECT Programme on www.thedollarbusiness.com/memberships) that provides an in-the-making super successful exporter like you, some unique and amazing extras - a customisable ‘premium’ webpage on TDB International Marketplace, 100 Guaranteed Leads, a fast and effective Lead Accelerator process – that will ensure you touch newer highs in global trade.
Question: Hi..I want to import copper wire scrap..so which type of licence required and want to know about duty and import procedure..plz reply the question. (Kartik, Manager, Chemitex impex enterprise, 7201985XXX, [email protected]) TDB Response: Dear Kartik: We assume you want to import copper wire scrap falling under ITC HS Code: 740400. Since the import of products under the said six-digit HS Code (except for products falling under ITC HS Code: 74040012) is restricted, you need to apply for grant of an ‘Authorisation’ for import or export of the said items to Regional Authority (RA), with a copy to Directorate General of Foreign Trade (DGFT) headquarters in ANF 2M (as prescribed in Handbook of Procedures) along with documents prescribed therein. Original application along with Treasury Receipt (TR) / Demand Draft needs to be submitted to RA concerned and self-attested copy of same needs to be submitted to DGFT in duplicate along with proof of submission of application to concerned RA. As mentioned before, copper scrap falling under ITC HS Code: 74040012 can be imported through all ports into the country. However, import of copper scrap falling under the said HS Code also need to fulfil the conditions mentioned under Paragraph 2.54 (b) of the Handbook of Procedure. You can type the following URL in your browser - https://www.thedollarbusiness.com/HANDBOOK_OF_PROCEDURES__2015_2020 and go through the said paragraph to get a detailed understanding of what you need to do to import copper wire scrap. Coming to the second part of your question, copper waste and scrap falling under ITC HS Code: 740400 attract a total import duty of 21.042%. [In case our assumption about the intended import product isn’t exact, please write back.
Question: Dear sir, We are manufacturer and trader of Handmade paper. I have just got an IEC. Our product is selling in per sheet nos. e.g. Rate is per sheet no. i want expand business in USA, & Europe. I leave in Ahmedabad, Gujarat, India so i would prefer shipping port MUNDRA, PIPAVAV, HAJIRA, NHAVA SHEVA ports. Also ICD SANAND is nearer to my place. i want to know the additional charges over my products base price which i have to charge to the customer. i mean by the charges from my production house to the destination port. ( FOB , CIF n ALL ) Is there any particular agencies who are consulting all work ? Thank you, Nishant Mehta [email protected] (Nishant, Owner, DEVRAAJ PRINT N PACKS, 9825024XXX, [email protected]) TDB Response: Dear Nishant: CIF and FOB are the two most popular shipping/pricing terms used in the transportation of goods between an exporter and an importer. While sellers often prefer FOB, buyers prefer CIF. FOB means Free On Board (or Freight On Board). The term FOB indicates that the seller is liable to deliver goods on board a vessel designated by the buyer. This means all costs involved in delivering the goods on board of vessel (designated by the buyer) are to be borne by the seller. Beyond that point, the buyer has to bear all costs and risks of loss or damage of goods. Where as, CIF (Cost, insurance and freight) is a pricing term that requires the seller to arrange for the transportation of goods to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier. This means all costs and risks involved in delivering the goods to the destination port (designated by the buyer) are to be borne by the seller.
Question: Sir, i want to import dry lead battery scrap from South Sudan, Africa into Mundra port, India, can i do it or import from this origin is banned, i am all confused so want to get clarifications if i can go ahead and close this deal, (ALOK, Director, XCEL TRADERS LIMITED, 919997113XXX, [email protected]) TDB Response: Dear Alok: We assume you want to import waste and scrap of batteries falling under ITC HS Code: 8548. Since the import of products under the said HS Code is restricted you need to apply for grant of an ‘Authorisation’ for import or export of the said items to RA, with a copy to DGFT headquarters in ANF 2M (as prescribed in Handbook of Procedures) along with documents prescribed therein. Original application along with Treasury Receipt (TR) / Demand Draft needs to be submitted to RA concerned and self-attested copy of same needs to be submitted to DGFT in duplicate along with proof of submission of application to concerned RA. [In case our assumption about the intended export product isn’t exact, please write to us.
Question: Good morning, I want to import scrap from Dubai..i just want to know how much it will cost for taking IEC code from government and in how man y days i will get that code.... Thanks (abdul, Partner, AL KAREEEM TRDADERS, 8801002XXX, [email protected]) TDB Response: Dear Abdul: You can get an Importer-Exporter Code (IEC) in a maximum of two working days, provided the application is complete and accompanied by the three documents namely: (i) Digital Photo (3x3 cm) of the applicant; (ii) Permanent Account Number; and (iii) A certificate from the bank regarding maintenance of a bank account by the applicant or a cancelled cheque. The applicant also needs to pay a fee along with the application through credit/debit card or net banking. Having said that, if you are interested in importing scrap, please go through Paragraph 2.32 of the Foreign Trade Policy (FTP) 2015-2020 and Paragraph 2.54 of the Handbook of Procedure (HBoP) 2015-2020 as import of only few categories of scrap is allowed and that too at certain specified ports subject to certain conditions including pre-shipment inspection.
Question: I want to start a merchant export firm in mumbai. How much capital do I need for my merchant export start-up? (Shãdäb, -, -, 8286963XXX, [email protected]) TDB Response: Dear Shãdäb: We are happy to hear of your decision to head into the world of foreign trade. Well, to start an export-import business, first you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed online on the DGFT website. DGFT only accepts online applications for IEC issuance or modification and requires only three documents: (i) PAN; (ii) Cancelled cheque bearing entity’s pre-printed name or Bank Certificate; and (iii) Digital Photograph (3X3 cm). All you need to ensure is that details filled in the application should match with details in the uploaded documents. Having said that, an online application for IEC, however, can only be made using Digital Signature Certificate (DSC; Class II type). You can type the following URL in your browser – www.thedollarbusiness.com/memberships and subscribe to TDB GROW Programme that gives you a Dedicated Account Manager who ensures that your applications for both Digital Certificates and Importer-Exporter Code (IEC) is hassle-free. Interestingly, cost incurred towards obtaining IEC and DSE is the only investment you need to make to start a merchant exports firm. You can work with supplier’s credit, and sell to your buyer for cash up front or at pick up. And then you can pay your supplier. We would like to point out though, no manufacturer/supplier would sell goods to a new buyer on credit. If the supplier is ready to sell goods to you on credit, you can play with the float i.e. the credit cycle. If not, the initial capital investment and working capital requirements will depend on the product you choose to deal in and the place where you would want to operate from. Hence, we would request greater details of the product and the point of supply for us to advice you better. The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: I am into retail pharmaceutical business for the past 30 years. I now want to participate in govt. tenders by importing/procuring medicines/salts form various sources. How do I do it? Also if I want to have an export/import arm, how can I get it done? (ayush, Director, Bahubali Enterprises, 9660418XXX, [email protected]) TDB Response: Dear Ayush: If you want to start an export-import business, the first thing you need to obtain is an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. DGFT only accepts online applications for IEC issuance or modification and requires only three documents: (i) PAN; (ii) Cancelled cheque bearing entity’s pre-printed name or Bank Certificate; and (iii) Digital Photograph (3X3 cm). All you need to ensure is that details filled in the application should match with details in the uploaded documents. Having said that, an online application for IEC however, can only be made using Digital Signature Certificate (DSC; Class II type). You can type the following URL in your browser – www.thedollarbusiness.com/memberships and subscribe to TDB Grow Programme that gives you a Dedicated Account Manager who ensures that your applications for both Digital Certificates and Importer-Exporter Code (IEC) is hassle-free. You can also approach your concerned EPCs – Pharmaceutical Export Promotion Council of India (Pharmexcil) and Chemical and Allied Export Promotion Council of India (CAPEXIL) – to understand if there are any specific requirements with respect to the products or chemicals you want to deal in. When it comes to participating in government tenders, your participation would depend on the eligibility criterion mandated by government agencies floating the tender. Hence, the requirements will vary with product and the tender type. Additionally, since you desire to venture into the world of foreign trade, we would also suggest you to take The Dollar Business Export Potential Test to evaluate how ready you are to take the plunge into a world of business that’s wide and exciting! You can find the test on https://www.thedollarbusiness.com. Of course, the test is completely free! In case you have further queries, do write back to us.
Question: Hi I would like to get the full details, process and other procedures in order to get an Import and export trade licence in India. (Muthasim Cherichi, Engineer, Tawazun preceion industries, 0504781XXX, [email protected]) TDB Response: Dear Muthasim: We call it the Importer-Exporter Code (IEC) in India. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export-import activities and can be obtained from the Directorate General of Foreign Trade (DGFT). DGFT only accepts online applications for IEC issuance or modification and requires only three documents: (i) PAN; (ii) Cancelled cheque bearing entity’s pre-printed name or Bank Certificate; and (iii) Digital Photograph (3X3 cm). All you need to ensure is that details filled in the application should match with details in the uploaded documents. An online application for IEC, however, can only be made using Digital Signature Certificate (DSC; Class II type). Having said that, an IEC can only be issued to a legal Indian entity against a PAN (Permanent Account Number). So, if you have a subsidiary in India, you can apply for an IEC against the subsidiary’s PAN. Else you need to register a firm/company or a legal entity in India to apply for IEC. In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you.
Question: I am living in Andhrapradesh want to invest on agri lands in Australia and start cultivating ceals and sell in Australia. What is process ? Could you explain the process. (Surekha, No, No, 9963724XXX, [email protected]) TDB Response: Dear Surekha: Proposed investments in agricultural land in Australia generally require approval where the cumulative value of a foreign person’s agricultural land holdings exceeds $15 million (with exceptions applying to investors from Australia’s trade agreement partners). Having said that, all acquisitions of interests in agricultural land by foreign persons, regardless of whether they require approval and regardless of value, must be notified to the Australian Taxation Office Register of Foreign Ownership. Australian government’s Foreign Investment Review Board, has a ‘Guidance Note’ for foreign investors proposing to invest in Australian agricultural land. You can type the following URL in your browser: https://firb.gov.au/resources/guidance/gn17 and go through the document to have a detailed understanding of what you need to do to own agricultural land in Australia. In case you have further queries, we would like to hear from you.
Question: How can I get in touch with potential buyers and customers to expand my business to foreign countries? (Aditya , Propriter, 4C DIAMONDS, 9923665XXX, [email protected]) TDB Response: Dear Aditya: You can approach your concerned association – Gems and Jewellery Export Promotion Council – for assistance or directly reach out to potential buyers by posting your product information on https://www.thedollarbusiness.com/marketplace. From discovering the best markets to source from or supply to, to overcoming statutory and procedural challenges with respect to exports-imports documentation, to identifying the right logistics partners, International Marketplace understands all your requirements and accordingly connects you with the right market and partners so that you can make a fortune out of foreign trade. Additionally, since you desire to venture into the world of foreign trade, we would also suggest you to take The Dollar Business Export Potential Test to evaluate how ready you are to take the plunge into a world of business that’s wide and exciting! You can find the test on https://www.thedollarbusiness.com. Of course, the test is completely free! In case you have further queries, do write back to us.
Question: I want to export charcoal what is hs code which country are good buyers acacia wood charcoal (Rajesh, Ahmedabad, Rajesh enterprise , 9586091XXX, [email protected]) TDB Response: Dear Rajesh: We assume you are interested in exporting wood charcoal falling under HS Code: 44029090. Industry data reveals that India is not a big exporter of wood charcoal falling under the said HS Code. In fact, India ranks 26th in the world when it comes to exports of wood charcoal and accounts for just 0.81% share in global exports of the product. India’s only significant export destination for the product falling under the said HS Code is Bhutan (the country accounts for about 96% of India’s total exports of the product), though the country is also exporting the product to Netherlands, Czech Republic and Sri Lanka in small quantities. Further, sadly, India’s exports under the HS Code: 44029090 has only been falling over the last few years. More of such pure, researched data is available to members of The Dollar Business GROW Programme. (You can read more on TDB Membership Programme on https://www.thedollarbusiness.com/memberships). Besides detailed product/product group reports, TDB GROW Programme members get access to unique advanced intelligence features like Heat Map, Opportunity Index, Competition Index, Pricing Index, Export Incentive Calculations, estimated freight rates, trade fairs related to your product/product group, World Consumption Pattern, SWOT Analysis, names of recommended ports, etc. – all such compilation of researched facts that make for a tailor-made solution for an inspired and determined entrepreneur like you. In case our assumptions about intended export products isn’t exact, please write to us. The Dollar Business Intelligence Unit would like to hear from you.
Question: Sir we are manufacturing safety matches last 30 years,supplying domestic and foreign countries through merchandise exporters only,we want to export direct to foreign countries,so what we can do ? we want buyers (RAMASAMY, MANAGING PARTNER, SRI RAM MATCH INDUSTRIES, 9443121XXX, [email protected]) TDB Response: Dear Ramasamy: To start an export-import business, you first need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed online on the DGFT website. DGFT only accepts online applications for IEC issuance or modification and requires only three documents: (i) PAN; (ii) Cancelled cheque bearing entity’s pre-printed name or Bank Certificate; and (iii) Digital Photograph (3X3 cm). All you need to ensure is that details filled in the application should match with details in the uploaded documents. Having said that, an online application for IEC however, can only be made using Digital Signature Certificate (DSC; Class II type). You can type the following URL in your browser – www.thedollarbusiness.com/memberships and subscribe to TDB GROW Programme that gives you a Dedicated Account Manager who ensures that your applications for both Digital Certificates and Importer-Exporter Code (IEC) is hassle-free. When it comes to finding buyers, you can approach your concerned association – South India Match Manufacturers Association – for assistance or directly reach out to potential buyers by posting your product information on https://www.thedollarbusiness.com/marketplace. From discovering the best markets to source from or supply to, to overcoming statutory and procedural challenges with respect to exports-imports documentation, to identifying the right logistics partners, International Marketplace understands all your requirements and accordingly connects you with the right market and partners so that you can make a fortune out of foreign trade.
Question: We are info sreuctiinmsterials trading since1962. I now want to export ceramic tiles , sanitary products , paints and hardware to African countries. How do I contact brokers , buying agents for these products in Africa ? (Aliasger, Founder , M.J Exports, 9167964XXX, [email protected]) TDB Response: Dear Ali: We are happy to hear of your decision to head into the world of foreign trade. First of all, you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed online on the DGFT website. The manual mode of applications for fresh IEC issuance or IEC modification has ceased to exist since April 1, 2016. DGFT now only accepts online applications for IEC issuance or modification and requires only three documents: (i) PAN; (ii) Cancelled cheque bearing entity’s pre-printed name or Bank Certificate; and (iii) Digital Photograph (3X3 cm). All you need to ensure is that details filled in the application should match with details in the uploaded documents. Having said that, an online application for IEC however, can only be made using Digital Signature Certificate (DSC; Class II type). You can type the following URL in your browser – www.thedollarbusiness.com/memberships and subscribe to TDB Grow Programme that gives you a Dedicated Account Manager who ensures that your applications for both Digital Certificates and Importer-Exporter Code (IEC) is hassle-free. When it comes to identifying potential buyers in these countries, you can approach your concerned export promotion council – Chemical and Allied Export Promotion Council of India (CAPEXIL) – for assistance or directly reach out to potential buyers by posting your product information on https://www.thedollarbusiness.com/marketplace. From discovering the best markets to source from or supply to, to overcoming statutory and procedural challenges with respect to exports-imports documentation, to identifying the right logistics partners, The Dollar Business International Marketplace understands all your requirements and accordingly connects you with the right market and partners so that you can make a fortune out of foreign trade. In case you have further queries, do write back to us.
Question: Dear Sir Our Company is into manufacturing of Printed Labels (Self Adhesive) both in sheet and roll forms Also we are producting Pizza Boxes consisting of 3 Ply (Food Grade) Kindly let me know the export potential for the above and which countries we can export the same Regards Sunit Jain (sunit , CEO, PD Fluted Cartons, 9246540XXX, [email protected]) TDB Response: Dear Sunit: We assume you are interested in exporting self-adhesive labels falling under HS Code: 48114100 and pizza boxes made out of paper board or corrugated card board falling under HS Code: 48191010. While the top five export markets for India for the product falling under HS Code: 48114100 are South Africa, UAE, Kenya, Saudi Arabia and Bangladesh, and in that order (interestingly however, just the top three markets – South Africa, UAE and Kenya – accounted for close to 75% of India’s exports of the said category in CY2015), Ghana, UAE, Nepal, USA and Kenya are the top five markets for India for the product falling under HS Code: 48191010. Further, while India’s exports of the product falling under HS Code: 48114100 registered a 6.83% y-o-y decline in CY2015, exports of products falling under HS Code: 48191010 witnessed a 13.28% y-o-y jump in CY2015. More of such pure, researched data is available to members of The Dollar Business Grow Programme. (You can read more on TDB Membership Programme on https://www.thedollarbusiness.com/memberships). Besides detailed product/product group reports, TDB Grow Programme members get access to unique advanced intelligence features like Heat Map, Opportunity Index, Competition Index, Pricing Index, Export Incentive Calculations, estimated freight rates, trade fairs related to your product/product group, World Consumption Pattern, SWOT Analysis, names of recommended ports, etc. – all such compilation of researched facts that make for a tailor-made solution for an inspired and determined entrepreneur like you. In case our assumptions about intended export products isn’t exact, please write to us. The Dollar Business Intelligence Unit would like to hear from you.
Question: we are manufacturer of chlorohexidine base now i want to start export my product in outside india but i do not have any buyer as well as i don't know how to export So,please tell me.. Thanks! (Maulik , managing director , moradiya chemicals, 9727176XXX, [email protected]) TDB Response: Dear Maulik: First of all, you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. DGFT only accepts online applications for IEC issuance or modification and requires only three documents: (i) PAN; (ii) Cancelled cheque bearing entity’s pre-printed name or Bank Certificate; and (iii) Digital Photograph (3X3 cm). All you need to ensure is that details filled in the application should match with details in the uploaded documents. Having said that, an online application for IEC however, can only be made using Digital Signature Certificate (DSC; Class II type). You can type the following URL in your browser – www.thedollarbusiness.com/memberships and subscribe to The Dollar Business Grow Programme that gives you a Dedicated Account Manager who ensures that your applications for both Digital Certificates and Importer-Exporter Code (IEC) is hassle-free. When it comes to identifying potential buyers in these countries, you can approach your concerned export promotion council – Chemical and Allied Export Promotion Council of India (CAPEXIL) – for assistance or directly reach out to potential buyers by posting your product information on https://www.thedollarbusiness.com/marketplace. Since you desire to venture into the world of foreign trade, we would also suggest you to take TDB Export Potential Test to evaluate how ready you are to take the plunge into a world of business that’s wide and exciting!
Question: How do I export embroidery bridal lengha? (Tasdique, Owner, Noorie Creations, +91-9899548XXX, [email protected]) TDB Response: Dear Tasdique: We assume you are a first-time exporter. First of all, you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India: (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC – The Cotton Textiles Export Promotion Council (TEXPROCIL), The Synthetic & Rayon Textiles Export Promotion Council, Apparel Export Promotion Council etc. – for assistance or reach out to potential buyers by posting your product information on https://www.thedollarbusiness.com/trade/b2b-login.php.
Question: Please help me understand Merchandise Exports from India Scheme (MEIS). How do I arrive at the incentive figure? (Uday, +91-9632633XXX, [email protected]) TDB Response: Dear Uday: The Merchandise Exports from India Scheme (MEIS), introduced in FTP 2015-2020, replaces erstwhile Chapter 3 incentive schemes – Focus Product Scheme (FPS), Focus Market Scheme (FMS), Market Linked Focus Product Scheme (MLFPS), Agri Infrastructure Incentive Scheme (AIIS) and Vishesh Krishi and Gram Udyog Yojana (VKGUY). The objective of the scheme is to offset infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced/manufactured in India, especially those having high export intensity, employment potential and thereby enhancing India’s export competitiveness. According to FTP 2015-2020, “Exports of notified goods/products with ITC[HS] code, to notified markets as listed in Appendix 3B, shall be rewarded under MEIS. Appendix 3B also lists the rate(s) of rewards on various notified products [ITC (HS) code wise].” The basis of calculation of reward would be on realised FOB value of exports in free foreign exchange, or on FOB value of exports as given in the Shipping Bills in free foreign exchange, whichever is less, unless otherwise specified. Say, for instance, your product is entitled to 3% reward under MEIS. So, if the FOB value of your exports is Rs.1,00,000, you, as an exporter, are entitled to duty credit scrip worth Rs.3,000. [To get a better understanding of the scheme products covered under the MEIS scheme and the benefits available to the exporters refer to Chapter 3 of FTP 2015-20 on https://www.thedollarbusiness.com/foreign-trade-policy-2015-2020 and updated MEIS Schedule on https://www.thedollarbusiness.com/merchandise-exports-from-india-scheme] In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: I am a Jodhpur-based manufacturer of groundnut oil and I am currently selling the product in the domestic market. I now intend to export groundnut oil. Which are the major importing countries? What export benefits can I get from exporting this product? (Shreyans Salecha, Manager, Stallion Biofuel Industries, +91-9784422XXX, [email protected]) TDB Response: Dear Shreyans: We assume you want to export groundnut oil (of edible grade) falling under HS Code: 15089091. Interestingly, India is among the three top exporters of groundnut oil and its fractions (refined but not chemically modified) in the world. However, almost all of it is exported to China – the country accounts for about 99% of India’s total exports of the product. The rest is being exported to countries like Germany, Sri Lanka, Singapore, Malaysia and Oman. To talk about potential markets based on popular demand, we can recommend China, Netherlands, France, Germany, Belgium, UK, Italy, Canada, Singapore and Australia. Currently the government allows Drawback of 1% on the product (when CENVAT facility has not been availed). No MEIS is available on groundnut oil exports.
Question: Dear sir i want to start my export buisness i am new in this area so need to know all about export, for instance how to buy lead and how to export products to different countries both in automobile and Industrial sectors (Anik singh, PROPRIETOR , JMS SALES Corporation , 9860777XXX, [email protected]) TDB Response: Dear Anik: You will have to start by obtaining an Importer-Exporter Code (IEC) from the DGFT. You can obtain by filing an online application on the DGFT website or subscribe to TDB Grow Programme (www.thedollarbusiness.com/grow) that can assist you in maximising opportunities in exports of the product of your choice. It wouldn’t be more correct to say that the Grow Programme is tailor-made for you and your business. From applying for your Importer-Exporter Code (IEC), Digital Signature Certificate (DSC) and assisting you with advanced, actionable, and useful analytics derived from impeccable and priceless research on exports of the product of your choice from The Dollar Business Intelligence Unit, a dedicated team at The Dollar Business will do the hard work for you.
Question: I have IEC no,VAT No & CST No & i am from Gujarat and i want to start Exporting water purifier to Srilanka,Bangladesh and Indonesia.How can i contact potential buyer? i have my website also . (keyur, Manager, Balaji sales agencies, 9727836XXX, [email protected]) TDB Response: Dear Keyur: We assume you are interested in exporting water purifiers for household use falling under HS Code: 8412120. The top five export markets for India for this product are Bangladesh, Indonesia, Mexico, Sri Lanka and Philippines, and in that order. Interestingly, these top five markets accounted for about 83% of India’s exports of the said category in CY2015. However, if you were to choose the top two markets, on the basis of most recent monthly exports data (provided by TDB Intelligence Unit), we would suggest you to focus on Bangladesh and Indonesia. African countries like Kenya, Nigeria, Ethiopia too offer lucrative opportunities to exporters of water purifiers. More of such pure, researched data is available to members of The Dollar Business Grow Programme. (You can read more on TDB Membership Programme on https://www.thedollarbusiness.com/memberships). Besides detailed product/product group reports, TDB Grow Programme members get access to unique advanced intelligence features like Heat Map, Opportunity Index, Competition Index, Pricing Index, Export Incentive Calculations, estimated freight rates, trade fairs related to your product/product group, World Consumption Pattern, SWOT Analysis, names of recommended ports, etc. – all such compilation of researched facts that make for a tailor-made solution for an inspired and determined entrepreneur like you. When it comes to identifying potential buyers in these countries, you can approach your concerned export promotion council – Engineering Export Promotion Council (EEPC) – for assistance or directly reach out to potential buyers by posting your product information on https://www.thedollarbusiness.com/marketplace. From discovering the best markets to source from or supply to, to overcoming statutory and procedural challenges with respect to exports-imports documentation, to identifying the right logistics partners, The Dollar Business International Marketplace understands all your requirements and accordingly connects you with the right market and partners so that you can make a fortune out of foreign trade. Additionally, since you desire to venture into the world of foreign trade, we would also suggest you to take The Dollar Business Export Potential Test to evaluate how ready you are to take the plunge into a world of business that’s wide and exciting! You can find the test on https://www.thedollarbusiness.com. Of course, the test is completely free! In case you have further queries, do write back to us.
Question: Dear sir, I want to start export non-basmathi rice to gulf contries and singapore , malasiya. I have IEC . how do i get B2B platform in dollar business? (SELVAM, exporter, davam exporters, 9629276XXX, [email protected]) TDB Response: Dear Selvam: Usually, there is a restriction on exports of non-basmati rise from the country. However, currently exports of non-basmati rice (falling under ITC HS Codes: 100620, 10063000, 10063010, 10063090, 10064000) is free if exports are undertaken by private parties from their privately held stocks through Custom EDI (Electronic Data Interchange) ports. Export is also permitted through the non-EDI Land Custom Stations (LCS) on Indo-Bangladesh and Indo-Nepal border subject to registration of quantity with DGFT. Registration Certificate is required for non-basmati rice only when it is exported to Bangladesh and Nepal through non-EDI LCS. While India’s biggest export destinations for rice (both basmati and non-basmati) are the countries in the Middle East and Gulf, the country has also been significantly supplying non-basmati rice to African countries and the exports have been only rising to these countries over the last few years. In case you want a detailed report on the potential of your product across a particular geography or market, you can type the following URL in your browser: https://www.thedollarbusiness.com/memberships and subscribe to one of the several programmes that The Dollar Business offers. Under these membership programmes, The Dollar Business will not only analyse the export-import potential of the product of your choice but will also provide you with tools that will ensure your EXIM business operates more efficiently.
Question: I am a manufacturer of flush doors,membrane doors,lamination doors.can u tell me what will be the process for exports of this doors.I dont have any idea about it. (kishore, PROPRITOR, JYOTHI INTERIORS, 9963114XXX, [email protected]) TDB Response: Dear Kishore: First of all, you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed online on the DGFT website. The manual mode of applications for fresh IEC issuance or IEC modification cease to exist since April 1, 2016. DGFT now only accepts online applications for IEC issuance or modification and requires only three documents: (i) PAN; (ii) Cancelled cheque bearing entity’s pre-printed name or Bank Certificate; and (iii) Digital Photograph (3X3 cm). All you need to ensure is that details filled in the application should match with details in the uploaded documents. Having said that an online application for IEC, however, can only be made using Digital Signature Certificate (DSC; Class II & III). You can type the following URL in your browser: https://www.thedollarbusiness.com/memberships and subscribe to one of the several programmes that The Dollar Business offers to ensures that getting started with foreign trade is just a glide for you!
Question: Plan to export dresses including sarees to conduct exhibition cum sale in USA and identified few local residents to conduct this .we are holding export import code .ple let us know export procedure .Also let us know how to identify more buyers .company not yet registered Thanks (hanara, Md, Kundhar, 8008684XXX, [email protected]) TDB Response: Dear Hanara: Only EOU, EHTP, STP, and BTP units may export goods for holding / participating in exhibitions abroad, with permission of Development Commissioner, and after fulfilling certain conditions. And as far as identifying buyers is concerned, you can approach your concerned EPCs – The Cotton Textiles Export Promotion Council (TEXPROCIL), Indian Silk Export Promotion Council, Apparel Export Promotion Council (AEPC), Handloom Export Promotion Council, etc. – for assistance or directly reach out to potential buyers by posting your product information on https://www.thedollarbusiness.com/marketplace. From discovering the best markets to source from or supply to, to overcoming statutory and procedural challenges with respect to exports-imports documentation, to identifying the right logistics partners, The Dollar Business International Marketplace understands all your requirements and accordingly connects you with the right market and partners so that you can make a fortune out of foreign trade.
Question: I AM PHARMA DISTRIBUTOR, HAVING IEC, I WANT KNOW TO EXPORT PHARMA PRODUCTS WHICH COUNTRY NEED SPECIFICATION'S ARE IF ANY INDIAN MANUFACTURER HAVING WHO-GMP HE CAN EXPORT TO ANY COUNTRY..SUCH DETAILS I WANT TO KNOW AND IN U.K IF I NEED CUSTOM S CLEARENCE AGENT CAN I GET (smi, OWNER, S M ASSOCIATES, 9030006XXX, [email protected]) TDB Response: Dear Smi: Good manufacturing practice (GMP) is a system for ensuring that products are consistently produced and controlled according to quality standards. It is designed to minimise the risks involved in any pharmaceutical production that cannot be eliminated through testing the final product. GMP is aimed primarily at diminishing the risks inherent in any pharmaceutical production, which may broadly be categorised in two groups: cross contamination/mix-ups and false labelling. The main risks include: unexpected contamination of products, causing damage to health or even death; incorrect labels on containers, which could mean that patients receive the wrong medicine; insufficient or too much active ingredient, resulting in ineffective treatment or adverse effects. GMP covers all aspects of production – from raw materials, premises and equipment to training and personal hygiene of staff. Detailed, written procedures are there for each process that could affect the quality of the finished product. You can type the following URL in your browser: http://www.who.int/medicines/areas/quality_safety/quality_assurance/TRS986annex2.pdf to go through the guidelines. Please remember, most countries will only accept import and sale of medicines that have been manufactured to internationally recognised GMP like the one from WHO. Manufacturers seeking to export pharmaceuticals can do so by making GMP mandatory for production process and by training their staff in GMP requirements. When it comes to exporting to United Kingdom, you need a licence from the Medicines and Healthcare Products Regulatory Agency (MHRA), an agency of the Department of Health, Government of UK. MHRA issues certificate for the importation of a pharmaceutical constituent, which certifies if a chemical or ingredient can be used as a medicine or as an ingredient of a pharmaceutical product in UK. Apart from that you need to adhere to the various quality, safety and manufacturing standards and guidelines [for instance, human medicines imported from outside the European Economic Area (EEA) must be manufactured in accordance with EU-GMP or to equivalent standards] laid down by MHRA.
Question: Basically i am farmer by background, we grow cotton,groundnut,wheat,cummin seed in rotation. we want to set up HPS GROUNDNUT plant in our locality. our main intention is to export of hps groundnut. what necessary step must to know the import standard set up by importing countries. i want to know the import standards of indonesia,thialand,malaysia,philipines,vietnam for hps groundnut (VIJAY, export manager, endeavour international, 9099959XXX, [email protected]) TDB Response: Dear Vijay: First of all, you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed online on the DGFT website. The manual mode of applications for fresh IEC issuance or IEC modification cease to exist since April 1, 2016. DGFT now only accepts online applications for IEC issuance or modification and requires only three documents: (i) PAN; (ii) Cancelled cheque bearing entity’s pre-printed name or Bank Certificate; and (iii) Digital Photograph (3X3 cm). All you need to ensure is that details filled in the application should match with details in the uploaded documents. Having said that an online application for IEC, however, can only be made using Digital Signature Certificate (DSC; Class II & III). You can type the following URL in your browser: www.thedollarbusiness.com/memberships and subscribe to one of the several programmes that The Dollar Business platform offers to ensures that getting started with foreign trade is just a glide for you! Coming to the second part of your question, while HPS Groundnut (HS Code 12024210) and Mustard Seed (HS Code 120750) do not qualify for MEIS benefit or any other such benefit under the Foreign Trade Policy FY2015-2020, the MEIS reward rates for Cumin Seed (HS Code 09090311), Coriander Seed (HS Code 090921/22), Fenugreek Seed (HS Code 09109912), Fresh Turmeric (HS Code 09103010), and Fennel Seed (HS Code 090961) are 5%, 3%, 5%, 5%, 3% respectively.
Question: Dear Sir, I want to export Hot Stamping Marking Tape to Telecom cable manufacturers in South east countries and Middle east countries.This product is falling under Hs code 32121000 and application of these foils are printing company name and details on cable shealthed. Could you please suggest us competitor price and market volume in these countries of above said item. (Ram , Marketing Executive, Blue Innovation Pvt. Ltd., 9717112XXX, [email protected]) TDB Response: Dear Ram: When you say Hot Stamping Marking Tape, we assume you mean stamping foils falling under HS Code: 32121000. Well, at present, the aforesaid product is not being exported much from India. Last year, India exported just $1.06 million worth of this product against the world’s total of $738 million. And when it comes to regions like South East Asia and Middle East, India’s exports were directed to some select nations like Oman and Singapore, to name a few. We must however add that the product is also exported under other HS Codes. Hence, to obtain pure data for such products is extremely critical. If you were to therefore choose the top five markets overall on the basis of most recent monthly exports data (provided by TDB Intelligence Unit), we would suggest you to focus on China, Italy, USA, France and Russia. More of such pure, researched data is available to members of The Dollar Business Grow Programme. (You can read more on TDB Membership Programme on www.thedollarbusiness.com/memberships).
Question: Dear Sir, Does import of Black pepper is allowed from African countries? And will it carry any customs duty? Thanks (Ummer, CO-FOUNDER, VB VENTURES, 9620920XXX, [email protected]) TDB Response: Dear Ummer: We assume you are interested in importing black pepper garbled falling under HS Code: 09041130. The product can be freely imported into India from Africa and attracts a total import duty of 78.984%. However, not much of the product is coming from African countries at the moment. Almost all of India’s import requirements for the said product are being met by supplies from other Asian countries like Vietnam, Sri Lanka and Indonesia. In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: Hello, I'm working as an Export Manager in one of the reputed company. I'm keen to become a Merchant Exporter. I've been researching since few weeks which product to target & which market. But I'm not getting any clear Idea. I've also subscribed your magazine & the first copy will be arriving this month to understand more about markets as I find your magazine quite interesting. First of all I want to create a firm, so can you guide me what all procedures/registration/cost would be etc. If you cannot assist me on this, then can you assist me on which product or market should I focus on being a beginner. Await for your reply. Thank you very much. Regards Sibi Thomas (sibi, manager, GCIL, 9925014XXX, [email protected]) TDB Response: Dear Sibi: We are happy to hear of your decision to foray into the world of foreign trade. To start, you need to obtain an Importer-Exporter Code (IEC) from DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking export/import activities. Application for obtaining IEC can be filed online on the DGFT website. The manual mode of applications for fresh IEC issuance or IEC modification has ceased to exist since April 1, 2016. Having said that, an online application for IEC however, can only be made using Digital Signature Certificate (DSC; Class II type). You can type the following URL in your browser – https://www.thedollarbusiness.com/memberships and subscribe to The Dollar Business Grow Programme that makes this task hassle-free for you by giving you a Dedicated Account Manager who ensures that your applications for both Digital Certificates and Importer-Exporter Code (IEC) are filed smoothly. Besides, TDB Grow Programme members also get access to unique advanced intelligence features like Heat Map, Opportunity Index, Competition Index, Pricing Index, Export Incentive Calculations, estimated freight rates, trade fairs related to your product/product group, World Consumption Pattern, SWOT Analysis, names of recommended ports, etc. – all such compilation of researched facts that make for a tailor-made solution for an inspired and determined fresh entrepreneur like you. All these features can help you in maximising opportunities in exports or imports of the product of your choice. Additionally, since you desire to venture into the world of foreign trade, we would also suggest you to take The Dollar Business Export Potential Test to evaluate how ready you are to take the plunge into a world of business that’s wide and exciting! You can find the test on https://www.thedollarbusiness.com. Of course, the test is absolutely free!.
Question: We export against advance payment by bank TT, and export by air cargo. It is a commercial shipment. The bank provides us with foreign inward remittance certificate. Do we need to inform RBI or DGFT of our payments? (Ashish, +91-8866767XXX, [email protected]) TDB Response: Dear Ashish: As per the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, prior approval of RBI is required by an exporter for receipt of advances for which the time duration of commercial shipment (exports) of goods exceeds one year as per the export agreement. As a response to requests received from exporters, RBI has also allowed Authorized Dealer (AD) Category-I banks (which includes 106 major banks), to allow exporters with a minimum track record of 3 years to receive long term export advance up to a maximum duration of 10 years. There are conditions of disclosure attached in this case as well. For instance, even in this case, receipt of advances of $100 million or more (Approx. Rs.670 crore+) need to be immediately reported to RBI. Do let us know the duration between agreement date/export advance and date of shipping in your particular case so we can suggest better.
Question: I am a manufacturer of Geiger fabric. Can you tell me how to calculate the cost (FOB and CIF) if I want to export the fabric to UAE? Is there a fixed format? And, is there any reliable source to get the information about freight, insurance cost and duties etc.? (Mehul, Proprietor, MVEK IMPEX, +91-9099161XXX, [email protected]) TDB Response: Dear Uday: FOB means Free On Board (or Freight On Board). The term FOB indicates that the seller is liable to deliver goods on board a vessel designated by the buyer. This means all costs involved in delivering the goods on board of vessel (designated by the buyer) are to be borne by the seller. Beyond that point, the buyer has to bear all costs and risks of loss or damage of goods. Cost, insurance and freight (CIF), on the other hand, requires the seller to deliver the goods to a port of destination decided by the buyer and seller, and provide the buyer with the documents necessary to obtain the goods from the carrier. In this case, the costs of insurance and freight are borne by the seller. In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you.
Question: I want to start my import export bussiness can you guys plz help me (Dipak Chavda, Start up, Barai iomport export mamagement institute rajkot, 9687949XXX, [email protected]) TDB Response: Dear Dipak: First of all, you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed online on the DGFT website. The manual mode of applications for fresh IEC issuance or IEC modification has ceased to exist since April 1, 2016. DGFT now only accepts online applications for IEC issuance or modification and requires only three documents: (i) PAN; (ii) Cancelled cheque bearing entity’s pre-printed name or Bank Certificate; and (iii) Digital Photograph (3X3 cm). All you need to ensure is that details filled in the application should match with details in the uploaded documents. Having said that, an online application for IEC however, can only be made using Digital Signature Certificate (DSC; Class II type). You can type the following URL in your browser – www.thedollarbusiness.com/memberships and subscribe to TDB Grow Programme that gives you a Dedicated Account Manager who ensures that your applications for both Digital Certificates and Importer-Exporter Code (IEC) is hassle-free. Besides, the membership also gives you unlimited access to all content on The Dollar Business platform! Now that’s a perfect place to be for an aspiring entrant in the world of exports-imports. All the best!
Question: I have obtained IEC and can invest up to RS.35 lacs. I am a retired senior manager of a bank I want to do export business. Can you guide me regarding the right product I can choose in the current scenario, (Ponnuchamy m v, proprietor , Premium Exports , 9194432XXX, [email protected]) TDB Response: Dear Ponnuchamy: Pearls, precious stones and metals; mineral fuels and oils; automobiles; machinery and boilers; pharmaceuticals; organic chemicals; apparel; electrical and electronic equipment; cotton; and cereals ? these were the top ten product categories exported from India in CY2015. Considering the budget you have, we recommend you choose a product from amongst the following broad categories: Pearls, precious stones and metals; organic chemicals; apparel; and electrical and electronic equipment. You can also look at exporting handcrafted products as Indian handicrafts are in great demand overseas in markets like USA, Australia, EU, etc. In case you want a detailed report on the potential of a product across a particular geography or market, you can type the following URL in your browser – www.thedollarbusiness.com/memberships and subscribe to TDB Grow Programme that offers you research and assitance to venture into exports.
Question: I would like to introduce myself is A. Ramesh and my born and brought up is Chennai. I have been working in Shipping Line / Logistics Field in which I have a overall experience of 17 Years. Now I have more interested in entrepreneurship and I have a idea to start Export Business which related to my work experience. I have gone through the product identification of export and I have selected the ARECA LEAF PLATE business. Hence requesting you to kindly advise the opportunities of Areca Leaf Plate Business in world trade which is more helpful to me to go further. Thanks In advance for your valuable reply. Regards A.Ramesh (A.RAMESH, Business Head, Global Trade Connextions, 9840115XXX, [email protected]) TDB Response: Dear Ramesh: We are happy to hear of your decision to head into the world of foreign trade. And judging by your excitement and confidence, we are most certain that you have made a firm decision. Your choice of product (Areca Leaf Plate) is mostly exported under two HS Codes (46021990 and 46019900). US, Germany, Australia, The Netherlands, Spain, UK, Italy, UAE, Sweden and Denmark are the top ten export markets where products under HS Code 46021990 are shipped to. (Interestingly however, just the top three markets – USA, Germany and Australia – accounted for close to 75% of India’s exports of the said category in April 2015-February 2016 period.) Under HS Code 46019900, the top importing markets are USA, Germany, UAE, Oman, Saudi Arabia, South Korea, UK, Sri Lanka, Netherlands, and Tanzania. Again, in this case, the top three markets account for over half of India’s exports. We must however add that Areca Leaf Plate as a product is mostly exported under HS Codes that have other products included in the basket. Hence to obtain pure data for such products is extremely critical. If you were to therefore choose the top five markets overall on the basis of most recent monthly exports data (provided by TDB Intelligence Unit), we would suggest you to focus on USA, Israel, UAE, Australia and UK. More of such pure, researched data is available to members of The Dollar Business Grow Programme. (You can read more on TDB Membership Programme on https://www.thedollarbusiness.com/memberships.) Besides detailed product/product group reports, TDB Grow Programme members get access to unique advanced intelligence features like Heat Map, Opportunity Index, Competition Index, Pricing Index, Export Incentive Calculations, estimated freight rates, trade fairs related to your product/product group, World Consumption Pattern, SWOT Analysis, names of recommended ports, etc. – all such compilation of researched facts that make for a tailor-made solution for an inspired and determined fresh entrepreneur like you. Alright, let us give away more here in pure respect of your enthusiasm and spirit to venture into the world of foreign trade with a set product in mind. In terms of geographical availability and supply of the product in India, you are somewhere near the epicentre – maximum shipments currently happen from Tuticorin sea port, with a very few originating from Chennai and Mangalore sea ports. Additionally, since you desire to venture into the world of foreign trade, we would also suggest you to take The Dollar Business Export Potential Test to evaluate how ready you are to take the plunge into a world of business that’s wide and exciting! You can find the test on https://www.thedollarbusiness.com. Of course, the test is completely free!
Question: I plan to export turmeric powder from Karnataka. After some research and based on the information I got from your website, a large number of shipments are going for Jebel Ali port. Which is the best way to contact the buyers in the Jebel Ali port, apart from commonly used trade portals? Please tell me if there are any other effective means of locating buyers. (Varun, Director, Viva Paramount Agro Private Limited, +91-9901233XXX, [email protected]) TDB Response: Dear Ashish: You can approach your concerned EPC – Spices Board – for assistance or reach out to potential buyers by posting your product information on https://www.thedollarbusiness.com/trade/b2b-login.php. You can also post your product information on platforms that meet your requirements and are popular among buyers in Dubai. Contacting Dubai Chamber of Commerce to help you find companies of your interest can be an option too. In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you.
Question: I want to import used jute bags from Thailand and Malaysia. These jute bags are of near virgin quality, having been used just once. I am really confused as to what permissions are required for the same. Do I need permission from the Textile Commissioner, or permission from DGFT? Please guide me, as a lot of this trade has already started. (Jay, Marketing Manager, Shree Exports, 9700021XXX, [email protected]) TDB Response: Dear Ashutosh: We assume you are interested in importing used jute bags falling under HS Code: 63051090. Usually, you need to take a ‘No Objection Certificate’ from Jute Commissioner for imports of jute bags. However, in case you want to import used jute bags you need to obtain a licence from the Textile Commissioner.
Question: Hi, Would like to know how to find custom Chart rate for different import products? (Rushikesh, Owner, RTW Intermodal Logistics, 8421444XXX, [email protected]) TDB Response: Dear Rushikesh: You can look for Customs tariff rates on the Customs website. We however suggest that you do try out other resources as the rates would have changed. You can also subscribe to one of TDB’s Membership Programmes and ask questions to experts at TDB Intelligence Unit to figure out the exact tariffs of the product of your choice. Also, soon, The Dollar Business will launch a feature (can’t reveal the name yet!) that will be ‘the’ stop for those on the lookout on the Internet for “correct” tariff rates for various products, from various countries.
Question: We would like to export HPL Exterior cladding (which we make in our factory in India) from India to Middle East and other surrounding regions. Please let us know more about the scope of exporting this product. (Sneha , Export Coordinator, Samrat Plywood Limited, 9501021XXX, [email protected]) TDB Response: We assume you want to export HPL Exterior Cladding falling under HS Code: 48239019. While India’s biggest export destination for products falling under the said HS Code is Singapore, the country has also been significantly supplying to UAE and Saudi Arabia in the Middle East and the exports have been only rising to these countries over the last few years. In case you want a detailed report on the potential of your product across a particular geography or market, you can type the following URL in your browser: https://www.thedollarbusiness.com/programmes and subscribe to one of the several programmes that The Dollar Business offers. Under these membership programmes, The Dollar Business will not only analyse the export-import potential of the product of your choice but will also provide you with tools that will ensure your EXIM business operates more efficiently.
Question: What is the HS Code of split roasted fried gram, and are we allowed to export it? (Srikaanth, Sales, Appu Food Products, +91-915XXXXXXXX, [email protected]) TDB Response: Dear Srikaanth - The HS Code for split roasted fried gram is 20081940 and currently there is no restriction on export of the said product from India in consumer packs of up to 1 kg. DGFT Notification No. 40/2015-20, dated 15th February 2016 has allowed exports of the said product, with limits imposed on volume of packing. The said notification has amended para 2 of Notification No.31/2015-20 (dated 20.01.2016). The para now reads, ?The prohibition on export of pulses till further orders as notified vide Notification No.78(RE-2013)/2009-14 dated 31.03.2014 read with Sl.No.54 in Chapter 7 of Schedule 2 of ITC(HS) Classification of Export and Import Items, as amended from time to time, will not apply to export of Roasted Gram (whole/split) in consumer packs up to 1 (one) kg?.
Question: Is duty drawback available on exports of sugar? (Suresh Patel, Partner, D B Trading, +91-9898611XXX, [email protected]) TDB Response: Dear Suresh - We assume you want to export sugar falling under HS Code - 17019990. The All Industry Rate (AIR) of duty drawback on sugar falling under the said HS Code is 1% when the CENVAT facility has not been availed.
Question: Dear TDB Team, I have been applying for FMS / FPS benefits for my company from past two years. This year with new policy regarding MEIS, there is some confusion while applying for the license. As per PN. 40 the following line is mandatory on Shipping Bills "We intend to claim rewards under MEIS" along with Y tick on reward scheme section. This is to be followed from June 2016 onward, which we are following. My question is what about Shipping Bills from April 2016 to June 2016, in which we have unknowingly not included the line as well as there is N marked in reward scheme column. Online we are not able to find the Shipping bills with N mark, please guide what can be done to get benefits on those shipping bills. According to PN 47 we need to submit hard copies of those shipping bills at the time of license. But we are not able to find the shipping bills on the Ecom. This is an urgent matter in my company, requesting you to guide us accordingly. Thanks in advance. (Samapika Sanyal, Kokuyo Camllin Ltd, Officer - International Operations, +91-9967893XXX, [email protected]) TDB Response: Dear Ms. Sanyal - When you write "...what about Shipping Bills from April 2016 to June 2016..." in your question, we assume you are referring to the "April 1, 2015 to May 31, 2015" period. As per para 3.14 (a) of the Handbook of Procedures, in case of shipping bills other than free shipping bills, such declaration of intent is mandatory only from June 1, 2015. The condition imposed is similar even for export shipments under any of the schemes of Chapter 4, 5 or 6 of FTP 2015-20. Therefore, in case you have filed shipping bills under Advance Authorisation or to claim Drawback, or under any scheme in chapters 4, 5 & 6, declaration of intent is not mandatory until June 1, 2015. In case of free shipping bills, the said declaration is mandatory. Assuming that you must have filed your shipping bills under Chapters 4, 5 or 6, where you are eligible to ignore the declaration of intent, for all exports made between April 1 and May 31, 2015, where you have unknowingly marked ?N? in the ?reward item box" and the line "We intend to claim rewards under MEIS" is not mentioned, DGFT PN 40 allows you to approach your CHAs to request the Customs authorities to retransmit shipping bills online to DGFT. We have checked in the industry and there are many exporters who faced a problem similar to yours. After their shipping bills were retransmitted from the Customs authority to DGFT, the were able to find their shipping bills online. [A very similar problem related to the one faced by Kokuyo Camllin Ltd. was covered in a story in The Dollar Business magazine's September 2015 issue. The feature received an overwhelming feedback from the industry. You can read the story by typing following URL in your browser https://www.thedollarbusiness.com/reward-under-meis-houston-we-have-a-problem/]
Question: Is it safe to get an order for coconut with 100% irrevocable LC at sight from Mauritius? What are the things that I should take into consideration for secure/safe payment and transaction? (Jay, Marketing Manager, Shree Exports, +91-9500077XXX, [email protected]) TDB Response: Dear Jay - It's usually safe as an irrevocable Letter of Credit, which once accepted by the seller, cannot be altered or cancelled without the consent of the seller. However, it should be noted that an irrevocable letter of credit is in effect only for a stipulated time period and expires at a pre-determined date. Further, you need to ensure that the documentation of each consignment needs to be as per the conditions of LC at sight otherwise the buyer?s bank has the right to reject payment on any violation of such documentation.
Question: What are the incentives available to exporters of Home Decor products? (Abhiroop, Jr. Executive, AA Exports, [email protected]) TDB Response: Dear Abhiroop - Thank you for taking the time to send in your question. We request for a question with greater details. For example, we would like to know which product(s) in the ?home d?cor? category you would like to export and to which country, for us to advice you better. The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: Is there any export incentive available under Merchandise Exports from India Scheme (MEIS) for Indian Kabuli Chickpeas (HS Code: 07132000) in FTP2015-2020? (Bharat Parekh, Director, Tricos Exports Pvt. Ltd, 9.1982EXXX, [email protected]) TDB Response: Dear Bharat - Indian Kabuli Chickpeas (HS Code - 07132000) does not qualify for MEIS benefit or any other such benefit under the new Foreign Trade Policy FY2015-2020.
Question: Refer to Para 4.52 of Handbook of Procedures - Consideration of cases against lost EP Copy of the Shipping Bills and / or Bank Realisation Certificate / e-BRC. I hope this para is not applicable to the shipments made through EDI Ports as the current FTP states that there is no need to submit any physical copies of Shipping Bills / e-BRC and is only applicable to the shipments made through Non-EDI Ports. (N. Paramasivan, Head ? Import-Export Logistics, Thirumalai Chemicals Limited, 9.195EXXX, [email protected]) TDB Response: Dear Paramasivan - Para 3.01 (c) of Handbook of Procedures (2015-2020) states that "if application is filed for exports made through EDI ports, then hard copy of the following documents need not be submitted to RA - hard copy of applications to DGFT, EDI shipping bills, electronic Bank Realisation Certificate (e-BRC) and RCMC. The applicant shall submit the proof of landing in the manner prescribed under paragraph 3.03 of HBP." [for details refer to https://www.thedollarbusiness.com/handbook-of-procedures-2015-2020] However, HBP also states that the documents which are not required to be submitted in original, shall be retained by the applicant for a period of 3 years from the date of issuance of scrip. Licensing Authority may call such documents in original at any time within 3 years. In case the applicant fails to submit the original documents on demand by Licensing Authority the applicant shall be liable to refund the rewards granted along with interest at the rate prescribed under Section 28 AA of Customs Act 1962, from the date of issuance of scrip.
Question: Can we import gold jewellery from Indonesia? How much do we have to pay as import duty? (Rajesh Hingorani, Owner, S K Traders, 9.19826EXXX, [email protected]) TDB Response: Dear Rajesh - Under the India-ASEAN free trade agreement, gold jewellery (under ITC HS Code - 711590) can be imported at a preferential rate of 0% from Indonesia. You can read CBEC Notification No 58/2015 (dated 30th December 2015) on https://www.thedollarbusiness.com/provide-deeper-tariff-concessions-in-respect-of-specified-goods-when-imported-from-asean-countries-under-the-india-asean-free/ for more details. In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: We want to import used jumbo bags and plastic granules. Are their imports allowed? If yes, what is the applicable import duties on the two products? (Jaiprakash, Import Manager, Hanuman Impex and Trading, 9.19994EXXX, [email protected] ) TDB Response: Dear Jaiprakash - We assume you are interested in importing plastic granules falling under HS Code - 39019090. Plastics granules falling under the said HS code attract a total import duty of 26.43%. In case our assumption about the intended import product and country isn?t exact, please write to us.
Question: We are traders of capital goods and suppliers of raw material in the domestic market. We have received an order from a SEZ in Chennai. We know that if we supply to a SEZ, the transaction is termed as deemed exports. My questions are: (1) How to avail the benefits? (2) Will the transactions be in foreign currency or local currency? (3) What are the procedure to supply the goods to SEZ? (Jai Kumar, -9789909XXX, [email protected]) TDB Response: Dear Jai - Many governments, particularly those in highly protected economies, refund all taxes paid by an exporter ? be it customs duty, service tax or excise duty ? so that the products remain competitive in the international markets. And this process of refunding all taxes involved in the manufacturing/production process, once the export is completed, is called duty drawback. Now coming to your question, let's be clear that there is technically no difference between "Exports" and "Deemed Exports" and both are treated at par when it comes to availing benefits. Supplies to entities like SEZ, EOU, STP, EHTP, BTP, against Advance Licence, are considered as ?Deemed Exports? [Refer to Para 7.02 of Foreign Trade Policy 2015-20 (https://www.thedollarbusiness.com/foreign-trade-policy-2015-2020) for the complete list of categories to which supply of goods against advance licence by a manufacturer is considered as ?Deemed Exports?] and as such the benefits that are available to a regular exporter are also available to a supplier who is supplying to one of the aforesaid entities. However, since you are a trader of capital goods and not a manufacturer or a main / sub-contractor as specified in Para 7.02 of Foreign Trade Policy 2015-20, you are not eligible to avail this benefit. In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you.
Question: I want to know HS Codes of roasted peanuts (with shell) and boiled peanuts (with shell)? (Dhaval Chaudhari, Director, Farmkart Foods, +91942786XXX, [email protected]) TDB Response: Dear Dhaval - The HS Codes for roasted peanuts (with shell) and boiled peanuts (with shell) are 20081100 and 08029000 (provided the fruit retains its original characteristics) respectively.
Question: I have IEC, but I don't know how to start an import-export business. I want to export to Dubai. How do I start? (Liyakat Shaikh, Partner,, Skay Export Import, +919020XXXXX, [email protected]) TDB Response: Dear Liyakat - Thank you for taking the time to send in your question. We request for a question with greater details.For example, we would like to knowthe product you want to export to Dubai for us to advice you better. Meanwhile, you can begin with approaching your concerned export promotion council for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are other e-commerce portals across the globe.You can choose the ones that meet your requirements and are popular among buyers in Dubai.In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: I would like to know the list of countries that mandate a health certificate for import of food products from India.Also want to know more about health certificates? (Farzana Shaikh, Exim Officer, Prakash Chemicals International Pvt. Ltd, 91-8401050XXX, [email protected]) TDB Response: Dear Farzana - As far as relevance of health certificates is concerned, WTO allows member countries to come up with measures to protect public health. Agreements like Sanitary and Phytosanitary Agreement (SPS) and Technical Barriers to Trade Agreement (TBT) permit countries to draft policies to protect public health within their borders as long as they do so in a manner that restricts international trade as little as possible. This also means that these restrictions vary from country to country. Hence, we request for a question with either greater details or one that has a greater focus. For example, we would like to know the country you intent to export to.Which food products are you referring to? The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: I want to set up exports business of spices. However, I am facing difficulty in finding importers in Dubai. How canI find importers of spices in Dubai? (Prithviraj Deshmukh, Director, MDDevelopers, 9870319XXX, [email protected]) TDB Response: Dear Prithviraj - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities.Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export.Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Spices Board? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are other e-commerce portals across the globe.You can choose the ones that meet your requirements and are popular among buyers in Dubai. Please ensure, your export consignments meet the quality standards set by authorities in Dubai.
Question: I am a manufacturer and trader of ayurvedic medicines. I now want to export my products? How do I start and catch hold of buyers in other countries? (Apoorv Trivedi, Proprietor, Ganga Aushadhi Kendra, 8924952XXX, [email protected]) TDB Response: Dear Apoorv - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities.Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export.Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Pharmaceutical Export Promotion Council of India (Pharmexcil) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https: //www.thedollarbusiness.com/trade/b2b-login.php. There are other e-commerce portals across the globe.You can choose from them taking into consideration the parts of the world you want to export to.In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: I am an Indian manufacturer and supplier of herbal oil. I now want to export it to other countries. How do I start? (Jagadeesan, MD, reeambrossia, +91-9566660XXX, [email protected] ) TDB Response: Dear Athmuri - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export.Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Agricultural and Processed Food Products Export Development Authority (APEDA) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on.https://www.thedollarbusiness.com/trade/b2b-login.php. There are other e-commerce portals across the globe.You can choose the ones that meet your requirements and are popular among buyers in Oman. Please ensure, your export consignments meet the quality standards set by Omani authorities.
Question: I am a manufacturer of electrical home appliances.I now want to export my products? (HK, MD, Jatin Patel &Co., +91-8800404XXX, [email protected]) TDB Response: Dear HK - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities.Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export.Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Engineering Export Promotion Council (EEPC)?for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are other e-commerce portals across the globe.You can choose from them taking into consideration the parts of the world you want to export to.In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: How can I contact medicine buyers in Europe. Please suggest? (Sanjay, Proprietor, Manglam Drugs, +91-9386435XXX, [email protected] ) TDB Response: Dear Sanjay - Dear Jagadeesan - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities.Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export.Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Pharmaceutical Export Promotion Council of India (Pharmexcil) ?for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are other e-commerce portals across the globe. You can choose the ones that meet your requirements and are popular among buyers in Europe. Please ensure, your export consignments meet the quality standards set by EU authorities.
Question: I want to import aluminium 6063 scrap. Is there any restriction on importing the product? (Avinash, Manager, +91-8886022XXX, [email protected]) TDB Response: Dear Avinash - We assume you are interested in importing aluminium scrap falling under HS Code - 76020010. You can import aluminium 6063 scrap falling under the said HS code. However, import of any form of metallic waste, scrap will be subject to the condition that it will not contain hazardous, toxic waste, radioactive contaminated waste / scrap containing radioactive material, any type of arms, ammunition, mines, shells, live or used cartridge or any other explosive material in any form either used or otherwise. Further, import of metal (all) scrap is allowed only through designated ports(the name of the port should be mentioned on the invoice) ? Chennai, Cochin, Ennore, JNPT, Kandla, Mormugao, Mumbai, New Mangalore, Paragraphdip, Tuticorin, Vishakhapatnam, ICD Loni, (Ghaziabad), Pipava, Mundra, Kolkata, ICD Ludhiana, ICD Dadri (Greater Noida), ICD Nagpur, ICD Jodhpur, ICD Jaipur, ICD Udaipur, CFS Mulund, ICD Kanpur, ICD Ahmedabad, ICD Pitampur and ICD Malanpur ? and no exceptions would be allowed even in case of EOUs and SEZs. You also need to ensure that you have an ISRI (Institute of Scrap Recycling Industries, Inc.) code and the consignment should meet the guidelines prescribed by ISRI.
Question: I want to import 3D bedsheets (one 20 feet container) from China, both cotton and polyester (GSM 120 approx.). What will be the approximate freight from Shanghai to Nhava Sheva? (Piyush, Director, Kintan Creation, +91-9374455XXX, [email protected]) TDB Response: Dear Piyush - We assume you are interested in knowing the approximate freight and insurance rates for a 20 feet FCL laden with 120 GSM 3D bedsheets (ITC HS Code 630419) from Shanghai (China) to Nhava Sheva (India). Assuming an average weight of 1.5 kg per unit (230X250CM unit with packaging), a 20 ft. FCL can be allowed to hold a maximum of 14,000 units (maximum load weight of 22 tonne). Considering an FOB price of Rs.294 per unit (going by recent shipment data), the total FOB value of your shipment will be Rs.41,16,000or $63,323 (at an exchange rate of USDINR of 65). Total freight and insurance charges for this volume and value of textile comes to anywhere between $1,102 and $1,218. [In case our assumption about the intended import product isn?t exact, please write to us.]
Question: I want to import copy paper from Thailand. What will be the CIF value of a 20-feet FCL? (Chaitanya Pandya, Proprietor, Copy Paper Trading Co., [email protected] ) TDB Response: Dear Chaitanya - We assume you are interested in importing carbonless copy paper (in rolls) falling under ITC HS Code - 48092000. The highest volume and value (as per latest shipment data) of carbonless copy paper (in rolls) are being imported from Thailand at prices that range between Rs.97 and Rs.109 per kilogram. Please however note that these prices are C.I.F. values and do not include either customs duties or logistics-related costs that will be incurred in the process of transporting the imported product to your godown from the port of destination. Hence, viability of importing carbonless copy paper (in rolls) from Thailand can be determined only after accounting for these factors. [In case our assumption about the intended import product isn?t exact, please write to us.]
Question: Thanks for creating such a platform. I wish to draw your kind attention to Customs Notification No.31/2014 regarding exemption of duty on bunker fuels, viz. IFO180CST and IFO380CST, for converting foreign container vessel to coastal run. I wish to know that is this applicable only to coastal container vessels or the bunker duty waiver is applicable to coastal tanker vessels as well? (Shailendra Penkar, Executive, Agency Firm, +91-9819086XXX, [email protected]) TDB Response: Dear Shailendra - Duty on bunker fuels viz. IFO 180 CST and IFO 380 CST only if - (i) the bunker fuels are imported for use in ships or vessels which are registered under the Merchant Shipping Act, 1958 (44 of 1958) and fly the Indian flag only; (ii) such ships or vessels carry cargo between two or more Indian ports (including an intermediate foreign port); (iii) such ships or vessels carry either containerised export-import cargo or empty containers or both between such ports; (iv) such ships or vessels do not file any cargo related documentation under the Customs Act, 1962 (52 of 1962)with the Customs authorities, other than an import manifest (IGM) or an export manifest (EGM), as the case may be; (v) the Master of the vessel or his authorised agent and the importer submit a declaration-cum-undertaking stating the quantity of bunker fuels required under this notification to the Assistant Commissioner of Customs or Deputy Commissioner of Customs, as the case may be, based on a document certifying the consumption rate of fuel issued by any classification society which is a member of International Association of Classification Societies (IACS) and the distance proposed to be covered by the vessel during its voyage; and (vi) the Master of the vessel or his authorised agent and the importer submit an undertaking to the Assistant Commissioner of Customs or Deputy Commissioner of Customs, as the case may be, to pay, in the event of his failure to comply with any of the aforesaid conditions, an amount equal to the duty leviable on such goods but for the exemption contained therein, along with the applicable interest thereon.
Question: I want to export frozen chicken to Oman. How do I start How can I get customs clearance? (Athmuri Surya, Proprietor, Sai Pecso, +919030197XXX, [email protected]) TDB Response: Dear Athmuri - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export.Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Agricultural and Processed Food Products Export Development Authority (APEDA) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on. There are other e-commerce portals across the globe.You can choose the ones that meet your requirements and are popular among buyers in Oman. Please ensure, your export consignments meet the quality standards set by Omani authorities.
Question: In response to your answer to Mr. Krishna Agarwal regarding used tyres, I would again like to confirm with you that import of used tyres and tubes, cut in 1,2 or 4 pieces, not If DGFT is not restricting these items, is there any other department the approval of which is necessaryintended to be used in motor vehicle of any sort, to be used for recycled in crumb rubber plant is allowed freely? (AshutoshGoenka, Partner, M/s La Raiz Global, +91-9811126XXX, [email protected]) TDB Response: Dear Ashutosh - Import of used rubber tyres with one cut in bead wire and import of used rubber tubes cut in two pieces is free under ITC (HS) code 40040000. However, however, waste pneumatic tyres and tubes, excluding those which do not lead to resource recovery, recycling, reclamation or direct reuse, are covered under Basel No. B3140. Such imports are subjected to provisions of HazardousWastes (Management, Handling and Transboundary Movement) Rules 2008. Also, you need to take consent of / permission from the Ministry of Environment and Forest.
Question: I want to start seafood export business. I have no idea about foreign trade. How do I start? (Durush, Farmer, +91-9949156XXX, [email protected]) TDB Response: Dear Durush - Since you are a first-time exporter, you will have to start by obtaining an Importer-Exporter Code (IEC) from the DGFT.An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export.Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Marine Products Export Development Authority (MPEDA) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on. There are other e-commerce portals across the globe.You can choose from them taking into consideration the parts of the world you want to export to.In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: I want to place an order for 10 smart wrist watches.Do I need import licence or IEC for the same? (Denis Rodricks, Proprietor, Denis RodricksPvt. Ltd., +91-7208559XXX, [email protected]) TDB Response: Dear Denis - Thank you for taking the time to send in your question. We request for a question with greater details. For example, we would like to know the value of the wrist watches you are considering to import, where would you want them to import from, the purpose of import - commercial sale or for personal use; etc. to advice you better. The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: What should I do to export tobacco? Whom should I contact? What is standard packing weight if it? row-machined tobacco? (Jatin, Proprietor, Jatin Patel &Co., +91-9909413XXX, [email protected]) TDB Response: Dear Jatin - If you want to export tobacco from India we advise you to register your company with Tobacco Board. Almost every trader, small or big, exporter or manufacturer, is registered with the Tobacco Board.Application for Registration-cum-Membership Certificates (RCMC) is to be made in the prescribed Form, which can be obtained from Tobacco Board on request or download from the Tobacco Board website. Further, there is no standard packing weight. The packing weight varies for every export order.
Question: What is the market share of cotton towels from India in US. What is the transit cost from either Chennai or Tuticorin port Further, what priceis generally paid by US importers for Indian cotton towels And how can I find importers and secure export orders? (C. Suresh, +91-9003229XXX, [email protected]) TDB Response: Dear Suresh - We assume you want to exportcotton towels falling under HS Code - 630260.Interestingly, India is the biggest exporter of cotton towels to USA, accounting for about 33% of the latter?s total import of the product. If we go by latest data, export of cotton towelsfrom India to US has been continuously rising over the last few years and as such the country does presents an opportunity for Indian cotton towel exporters.We further assume you are interested in knowing the approximate freight and insurance rates for a 20 feet FCL laden with cotton towels from Tuticorin Port (India) to New York Port (US). Assuming an average weight of 600 grams per unit (of a towel with dimensions of 76X137 cm, the most popular category as per latest shipment data), a 20 ft. FCL can be allowed to hold a maximum of 28,000 units (maximum load weight of 17 tonne). Considering an FOB price of Rs.230 per unit (going by recent shipment data), the total FOB value of your shipment will be Rs.64,40,000, or $99,076 (at an exchange rate of USDINR of 65). Total freight and insurance charges for this volume and value comes to anywhere between $2,279 and $2,520.As far as importers are concerned,you can begin with approaching your concerned EPC ? The Cotton Textiles Export Promotion Council (TEXPROCIL) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on . There are other e-commerce portals across the globe.You can choose the ones that meet your requirements and are popular among buyers in USA.[In case our assumption about the intended export product isn?t exact, please write to us.]
Question: Can I import used cloths, segregate them in India and then export to other countries Can I import used car batteries from Japan? (Rashi M.Vaswani, Proprietor, Om SamaImport Export Enterprise, +91-8976665XXX, [email protected]) TDB Response: Dear Rashi - Yes, you can import used cloths, segregate them in India and then export to other countries, provided you fulfil certain conditions. Used clothes can be imported into India under two categories ? wearable and mutilated. While the import of wearable clothes requires a licence from the government (which shall be granted only to a SEZ unit), with the condition of 100% re-export, import of mutilated clothes is allowed freely. Further, in case of worn and used clothes, each consignment of used clothing imported should be accompanied with a certificate from the exporter/agency in which it was generated regarding dis-infection and fumigation of the containers from an agency licensed in the state of origin of worn clothing with import documents. To ensure that used clothing units in SEZ fulfil their export obligations, the sale of domestic tariff area (DTA) by such units is restricted to 50% of the free on board (FOB) value of the goods physically exported by the SEZ unit. Coming to the second part of your question, we assume you want to import waste and scrap of batteries falling under ITC HS Code - 8548. Since the import of products under the said HS Code is restricted you need to apply for grant of an ?Authorisation? for import or export of the said items to RA, with a copy to DGFT headquarters in ANF 2M (as prescribed in Handbook of Procedures) along with documents prescribed therein. Original application along with Treasury Receipt (TR) / Demand Draft needs to be submitted to RA concerned and self-attested copy of same needs to be submitted to DGFT in duplicate along with proof of submission of application to concerned RA.[In case our assumption about the intended export product isn?t exact, please write to us.
Question: Can I import e-cigarettes from China? (Sanjay Lalwani, Proprietor, BalajiTraders, +91-9301126XXX, [email protected]) TDB Response: Dear Sanjay - While two Indian states ? Maharashtra and Punjab ? have already declared selling of e-cigarettes illegal, the central government laws on them remain unclear. Although the Indian government is contemplating a ban on both sales and import of e-cigarettes, a formal announcement banning the product is yet to see the light of the day. So, as of now, you are allowed to import e-cigarettes from China. However, as per the available shipment data, the most recent consignment of e-cigarettes (falling under ITC HS Code - 85437099) from China had entered India (Chennai seaport) on June 26, 2015.
Question: How can I export rice from India? What are the documents required to export rice from India? (AkramZafar, Manager, AL-SABA Exporters, +91-9045586XXX, [email protected] ) TDB Response: Dear Akram - Currently there is no restriction on export of basmati rice from India. Exports of non-basmati rice (falling under ITC HS Codes - 10062000, 100630, 10063010, 10063090, 10064000) is also free if export are made by private parties from their privately held stocks through Custom EDI (Electronic Data Interchange) ports. Export is also permitted through the non-EDI Land Custom Stations (LCS) on Indo-Bangladesh and Indo-Nepal border subject to registration of quantity with DGFT. Registration Certificate is required for non-basmati rice only when it is exported to Bangladesh and Nepal through non-EDI LCS.
Question: I want to export my companys product to Europe? Its a methanol-based product.I want to know where I can find import duty levied by European countries on this product and what are restrictions imposed by EuropeanUnion on export of chemical products? (Ashish, Manager, Maheshwari Enterprises, +91-9960598XXX, [email protected]) TDB Response: Dear Ashish - Thank you for taking the time to send in your question. The question was reviewed and was not approved by experts at The Dollar Business Intelligence Unit as it lacks focus. We would request greater details of the product you want to export to the European Union for us to advice you better. The Dollar Business Intelligence Unit would like to hear from you.
Question: We are a debutante to the export trading business and are currently engaged in e-waste trading. We are looking forward to excel in sugar exports (from UP, India) and wish to know if we are bound in any way to proceed with this business. Please advise? (SiddarthSingh, Director, Earth Replica Global, +91-9871011XXX, [email protected]) TDB Response: Dear Siddarth - At present, export of sugar is free without any restrictions.Since you are a first-time exporter, you will have to start by obtaining an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Agricultural and Processed Food Products Export Development Authority (APEDA) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are other e-commerce portals across the globe. You can choose from them taking into consideration the parts of the world you want to export to.
Question: I am a manufacturerof pickles. I now want to export my products How do I start? (Ramesh Kumar, +91-9885389XXX, [email protected]) TDB Response: Dear Ramesh - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export.Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Agricultural and Processed Food Products Export Development Authority (APEDA) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are thousands of e-commerce portals across the globe.You can choose from them taking into consideration the parts of the world you want to export to.In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: We are into import and export of perfumes (natural existential oil, aromatic compounds, oud oil, etc.). We now want to get into import and export of food products. We want to know if there is agovernment subsidy onfood items. If yes,can I get the list of the products on which the subsidy is provided? (JameelSharfi, MSGT LLC, +91-9000514XXX, [email protected] ) TDB Response: Dear Jameel - We request for a question with either greater details or one that has a greater focus. For example, we would like to know whether you want to export or import.Which food products are you referring to? The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: What documents are required for exportingPapad from India? (Sachin Yadav, Proprietor, Pitambra Agro Food Products, +91-7065724XXX, [email protected] ) TDB Response: Dear Sachin - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer.You can also begin with approaching your concerned EPC ? Agricultural and Processed Food Products Export Development Authority (APEDA) ? for assistance. Please ensure, your export consignment meets the quality standards set by relevant authorities in the country you are exporting to.
Question: We are an importer of polymer falling under Chapter 39. We want to know that once we have paid duty on a consignment and got it cleared from Customs, if we want to And alsodo we get any duty drawback advantage What is the process of such paid duty and drawbackexport the same cargo anywhere can we get the refund of entire duty? (Sharad Goyal, CEO, Shah LaxminarayanSatishchandra Exim Pvt. Ltd., 91-9819321XXX, [email protected] ) TDB Response: Dear Sharad - Once you have paid the duty on an import consignment and got it cleared from Customs, you cannot ask for duty refund on it if you want to export it some other country. The process cannot be considered as re-exports. It will be treated as normal exports and the exporter shall be entitled to all the benefits that are available to a regular exporterincluding duty drawback as per rules. If you want to re-exportgoods imported from any country without much hassle, we suggest you unload the container(s) from the ship and store it in a bonded warehouse at the port area till the time you actually re-export the goods to the country of your preference. All you will have to do is file a Bill of Entry for Warehousing, also known as Into Bond Bill of Entry. The said bill of entry is filed when the imported goods are not required immediately by the importer for domestic consumption or are required to be re-exported to some other destination. By filing the Into Bond Bill of Entry the consignment can be stored in a warehouse without payment of duty under a bond and cleared later when required for domestic consumption on payment of appropriate duty or can be re-exported directly without paying any duty. The only condition attached to this is that your product should fall under ?free to export and import? category. Further, since the goods are not meant for consumption in India, you are not liable to pay customs/import duties. This means that you are also not entitled to any export incentive.
Question: I would like to know the import duty on detergent powder for washing machines if imported into India from an ASEAN country. I have come to know that it is about 30%, but I don?t know whether this product falls under Free trade Agreement between India and ASEAN. Please suggest? (Huyen, Director, MDI VIETINDIA TRADE PVT. LTD., +91-9004875XXX, [email protected] ) TDB Response: Dear Huyen - We assume you are interested in importing synthetic detergent ? washing preparations (including auxiliary washing preparations) and cleaning preparations, having a basis of soap or other organic surface-active agents ? falling under ITC HS Code - 34029011. The highest volume and value (as per latest shipment data) of this product are being imported from Vietnam (as far as an ASEAN country is concerned). The basic custom duty on thesaid product if imported into India from Vietnamis 5% as the product is a part of the Trade in Goods Agreement with Vietnam under the Framework Agreement on Comprehensive Economic Cooperation between the country and the Association of Southeast Asian Nations (ASEAN). In case our assumption about the intended import product and country isn?t exact, please write to us.The Dollar Business Intelligence Unit would like to hear from you.
Question: How can I export foods and vegetables to other countries? (Amol Chavan, +91-8421612XXX, [email protected] ) TDB Response: Dear Amol - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Agricultural and Processed Food Products Export Development Authority (APEDA) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are thousands of e-commerce portals across the globe. You can choose from them taking into consideration the parts of the world you want to export to.
Question: I am new to EXIM business. I can begin with an investment of Rs.5 lakhs.Can you please tell me what type of product for which country is good for a new exporter like me? (Prabhu P., Proprietor, ecstasy, [email protected] ) TDB Response: Dear Prabhu - We request for a question with either greater details or one that has a greater focus. For example, we would like to know which products are you considering for exports or which parts of the world would you want to export to.The Dollar Business Intelligence Unit would like to hear from you. Further, if you really want to get into EXIM business, we would say Rs.5 lakhs is a small amount to start with. If you actually want to make some profit from this business, you need to think about increasing the initial investment.
Question: Does it makes sense for a start-up or a small exporter to export guar gum powder from India? (Pravin Jadhav, Sr.Exim Associate, Swavin Business ConsultantsPvt.Ltd., +91-9766251XXX, [email protected] ) TDB Response: Dear Pravin - We assume you are interested in exporting guar gum powder falling under ITC HS Code - 13023230. Interestingly, India is the largest producer of guar gum in the world and also the biggest player in the exports market. While about two-third of India?s guar gum exports cater to oil and gas exploration companies(particularly shale gas exploration companies as the product is used in hydraulic fracturing, a method of extracting shale gas), the rest is consumed by the food processing and personal care industries. Having said that, if we go by the Ministry of Commerce (GoI) data, export of guar gum (treated and pulverised) from India has been continuously falling over the last few years ? from $3.2 billion in FY2012-13 to $1.3 billion in FY2014-15. The reason is simple. It?s a very volatile commodity to trade in as the demand for it and its prices in the international markets depend on the performance of global oil and gas industry. In fact, a fall in crude oil prices, which has also resulted in dampening the prospects of shale gas industry in countries including US (the biggest importer of guar gum powder), Canada and Russia, has adversely impacted the demand for guar gum across the globe. Considering all this, it would be better if a small exporter or a start-up stays out of this volume-driven trade for the time being.
Question: What incentives does the government provide for exporting nutmeg without shell to Ghana? (Suresh Patel, Partner, D. B. Trading, +91-9898611XXX, [email protected]) TDB Response: Dear Suresh - Nutmeg without shell falls under ITC HS Code 09081120 and is eligible for a 3% reward (in form of duty credit scrips) under the Merchandise Exports from India Scheme (MEIS) if exported to Ghana.
Question: I want to export textile to Qatar. How do I start? (Manu Kant, Co-Founder, Indian Exporters, +91-97470378XXX, [email protected] ) TDB Response: Dear Manu - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? The Cotton Textiles Export Promotion Council (TEXPROCIL), The Synthetic & Rayon Textiles Export Promotion Council, Apparel Export Promotion Council etc.? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are thousands of e-commerce portals across the globe. You can choose from them taking into consideration the parts of the world you want to export to.You can choose the ones that meet your requirements and are popular among buyers in Qatar. Further, we would request greater details of the textile product you want to export to Qatar for us to advice you better. The Dollar Business Intelligence Unit would like to hear from you.
Question: I want to import cashew kernel falling underHS Code 08013220. Is there any restrictions of minimum billing I was informed by a CHA that the custom duty on the said product is 45% but minimum bill should be at Rs.400 per kg else an extra penalty will be imposed. Is it so? (Gopal Sharma, Director, Khetlaji enterprises Pvt.Ltd., +91-9829033XXX, [email protected] ) TDB Response: Dear Gopal - Effective basic customs duty on cashew kernel (whole) falling under HS Code 08013220 is Rs.75 per kg or 45% of the CIF value, whichever is higher. However, as per Notification No.53 (RE?2013)/2009-2014 issued by Department of Commerce, Ministry of Commerce and Industry, GoI on December 02, 2013, the minimum price for import of Cashew Kernel (wholes) is fixed at Rs.400 per Kg. So, even if you import the product at a price lower than Rs.400 per kg, the duty will be calculated and charged on Rs.400 per kg.
Question: How do I find star ruby buyers in India? (Siva, Project In-charge, ChalapatiEnterprises, +91-7411756XXX, [email protected]) TDB Response: Dear Shiva - You can begin with approaching your industry association ?All India Gems & Jewellery Trade Federation ? for assistance or reach out to potential buyers by posting your product information on any B2B or B2C website. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. Participation across well-known B2B trade fairs across India is another solution ? you may be able to track wholesale buyers who may be interested in buying your products.
Question: Can an Indian exporter get financial help/ loan from a bank in India for exporting from a foreign country to another foreign country? (Narayanan, 0, 0, +91-9400500XXX, [email protected]) TDB Response: Dear Narayanan - There is no rule that restricts a bank or a financial institution from financing such transactions. It?s a legal transaction and as such can be financed. Having said that, it is the sole discretion of the bank whether to finance such transaction. If it does, it will definitely ask for a collateral security in this case. In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: Can I directly import garlic from China to India? (V. P. Rangaswamy, Proprietor, Amman Agencies, +91-7871807XXX, [email protected]) TDB Response: Dear Rangaswamy - You cannot import garlic from China. India had imposed unilateral ban on import of garlic from China last year. The ban remains as of date.
Question: I am a farmer producing fruits like papaya and pomegranate. I don?t know how to sell them in the international market. I mean I want to export these fruits. Please help. (Pavan Kumar, Farmer, 91- 7022142XXX, [email protected]) TDB Response: Dear Pavan - First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Agricultural and Processed Food Products Export Development Authority (APEDA) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are thousands of e-commerce portals across the globe. You can choose from them taking into consideration the parts of the world you want to export to.
Question: How can we export cement from India to Paris and what is the process? (Ramesh, Project Manager, Giridhari Constructions, +91-9652111XXX, [email protected]) TDB Response: Dear Ramesh - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Chemical and Allied Products Export Promotion Council (CAPEXIL) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are thousands of e-commerce portals across the globe. You can choose the ones that meet your requirements and are popular among buyers in France. Please ensure, your export consignments meet the quality standards set by EU authorities.
Question: What is the import duty on Vietnamese Split Cassia and Star Anise The certificate of origin is Form AI (Asean-India)? (Balakrishna Kamath, Proprietor, Sudarsana Traders, +91-9847165XXX, [email protected]) TDB Response: Dear Balakrishna - Split Cassia falls under ITC HS Code 09061910 and importing it from Vietnam would attract ZERO customs duty since India has a Trade in Goods Agreement with Vietnam under the Framework Agreement on Comprehensive Economic Cooperation between the country and the Association of Southeast Asian Nations (ASEAN). [The product, in general, attracts a total import duty of 36.136%]. When it comes to Star Anise, the product falls under HS Codes 09096111 (Seeds of anise - of seed quality) and 09096119 (Seeds of anise - other), and importing it from Vietnam would attract a total import duty of 36.136% in both the cases [since the product is not a part of India-ASEAN FTA tariff commitments schedule]. Further, while seeds of anise - other (falling under HS Code 19196119) can be freely imported into India, there is currently a RESTRICTION on import of anise of seed quality, falling under HS Code 19196111, into India. Its import is permitted for sowing without a licence in accordance with import permit granted under Plant Quarantine (Regulation of Imports into India) Order. 2003. In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: What incentives does the government provide for rice exports? Is there any restriction on export of non-basmati rice? (Biswajit Ghosh, Proprietor, New Ganapati Export, +91-9903976XXX, [email protected]) TDB Response: Dear Biswajit - The government does not provide any incentive on rice exports. Coming to the second part of your question, currently there is no restriction on export of non-basmati rice from India. Exports of non-basmati is free if export are made by private parties from their privately held stocks through Custom EDI (Electronic Data Interchange) ports. Export is also permitted through the non-EDI Land Custom Stations (LCS) on Indo-Bangladesh and Indo-Nepal border subject to registration of quantity with DGFT. Registration Certificate is required for non-basmati rice only when it is exported to Bangladesh and Nepal through non-EDI LCS.
Question: Can we sell in foreign countries through our online portal If yes, what are the legal considerations? (Vaibhav Jain, Owner, Gold Mount Exports, [email protected]) TDB Response: Dear Vaibhav - Yes, you can sell in foreign countries through your online portal. All you would require is an IEC code [an IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalized.] and an Exchange Earners? Foreign Currency Account (EEFC) with an Authorised Dealer i.e. a bank dealing in foreign exchange. However, in case, you plan to export goods through courier or foreign post offices and claim rewards under Merchandise Exports from India Scheme (MEIS) you need to submit the proof of landing in the manner prescribed under para 3.03 of HBP (the detailed para can be accessed on https://www.thedollarbusiness.com/handbook-of-procedures-2015-2020). Please ensure you file separate application for each port of export.
Question: How can I export cement and mosaic tiles from India? (Yogesh Sharma, Proprietor, Shree Geeta Tiles, +91-9252667XXX, [email protected]) TDB Response: Dear Yogesh - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Chemical and Allied Products Export Promotion Council (CAPEXIL) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are thousands of e-commerce portals across the globe. You can choose from them taking into consideration the parts of the world you want to export to.
Question: I want to import Apple phone and laptop. From which country should I import them so that I make profit? (Amrendra Kumar, Indoasia, +91-9555413XXX, [email protected]) TDB Response: Dear Amrendra - As per latest shipment data, the highest volume and value of iPhones [falling under ITC HS Codes 85171290; MG492HN/A IPHONE 6 GOLD 16GB ? HIN (APPLE MOBILE PHONE MODELA1586)] are being imported from China. Delhi and Bombay airports are the port of destination for most consignments originating from China. When it comes to Apple Mac-Book, the highest volume and value of MacBooks [falling under ITC HS Codes 84713090 APPLE MACBOOK ? MACBOOK PRO 15-INCH WITH RETINA DISPLAY; 2.2GHZ (LAPTOPS WITH ACCESSORIES)] are being imported from Singapore. Bangalore airport is the port of destination for most consignments of MacBooks originating from Singapore. Please however note that this price is C.I.F. value in US dollars and does not include either customs duty on the product or logistics-related costs that will be incurred in the process of transporting the imported product to your godown from the port of destination. Hence, the actual profit of importing Apple iPhone and MacBook from these countries can be determined only after accounting for these factors.
Question: I want to export prawns from India. What should I do? (Ravinder Sangwan, Farmer, +91-9812466XXX, [email protected]) TDB Response: Dear Ravinder - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? The Marine Products Exports Development Authority (MPEDA) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are thousands of e-commerce portals across the globe. You can choose from them taking into consideration the parts of the world you want to export to. Interestingly, the demand for Indian prawns in the international markets, particularly in USA, has risen manifold in the last few years making its exports a lucrative business proposition.
Question: I want know the import price for areca nut.? (Hitesh, Proprietor, Makewell Impex, [email protected]) TDB Response: Dear Hitesh - We assume you are interested in importing whole areca nut falling under ITC HS Code - 08028010. The highest volume and value (as per latest shipment data) of whole areca nut are being imported from Sri Lanka at prices that range between Rs.143 to Rs.147 per kilogram. Please however note that these prices are C.I.F. values and do not include either customs duties or logistics-related costs that will be incurred in the process of transporting the imported product to your godown from the port of destination. Hence, viability of importing whole areca nut from Sri Lanka can be determined only after accounting for these factors.
Question: I just got IE license. Do I need to register at customs or airport as well I plan to export perishable goods to Dubai. What are the rules and regulations with respect to export of perishable goods from India And what about payment security? (Nazim, Proprietor, Tasmiya Enterprises, [email protected]) TDB Response: Dear Nazim - - You don?t have to register yourself at customs or airport. Once you have obtained the IEC and received an export order for your product from an overseas market all you need to do is file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer. Coming to the second part of your question, i.e. the rules and regulations with respect to export of perishable goods from India, we would request greater details of the perishable product for us to advice you better. To ward off payment threats there is what we call export credit insurance. It?s an insurance policy and risk management product designed to protect exporters from the consequences of such payment risks, both commercial and political, and to enable them to expand their overseas business without fear of loss. Export credit insurance usually covers a portfolio of buyers and pays an agreed percentage of an invoice or receivable that remains unpaid as a result of protracted default, insolvency or bankruptcy. Credit insurance policies, which are currently offered in India, can be broadly grouped into three types ? Whole Turnover Policy (covers all customers of the policyholder), Key Account Policy (covers the policyholder?s largest customers) and Single-buyer Policy (covers a single buyer of the policyholder). Further, export credit insurance generally covers short-term risks for periods not exceeding 365 days, and normally for periods of between 90 and 180 days. There are several insurance players offering credit insurance in India. You can choose the one that meets your requirements.
Question: How can I get investment license? (Madhur, Proprietor, Aarti Sales, [email protected]) TDB Response: Dear Madhur - - Thank you for taking the time to send in your question. The question was reviewed and was not approved by experts at The Dollar Business Intelligence Unit as it lacks focus. We request for a question with either greater details or one that has a greater focus. For example, we would like to know what exactly you mean when you say investment license ? what type of investment or license are you referring to. The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: I plan to export tea dusters from India. As I am new to export business, please guide? (Roopesh Chowdary, Director, R. A. C. Enterprises Pvt. Ltd., [email protected]) TDB Response: Dear Roopesh - - We assume by tea dusters you mean either agricultural or horticultural mist dusters falling under HS Code - 84248100. Since you are a first-time exporter, you will have to start by obtaining an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Engineering Export Promotion Council (EEPC) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are thousands of e-commerce portals across the globe. You can choose from them taking into consideration the parts of the world you want to export to.
Question: We have SHIS scrip. Can this scrip be used in the settlement/redemption of value-wise shortfall for an advance authorization issued to us by the DGFT? (Sanjay Kumar, Proprietor, Lakecity Agri Overseas, [email protected]) TDB Response: Dear Sanjay - Though the Merchandise Exports from India Scheme (MEIS) in the new FTP replaces erstwhile Chapter 3 incentive schemes, Para 3.05 (c) of the Handbook of Procedures [April 1, 2015 ? March 31, 2015] states that applicants can continue to file application in respect of Status Holder Incentive Scheme (SHIS) scrip in the application form and manner prescribed in the previous policy(ies). However, incentive scrips granted under SHIS cannot be used towards payment of customs duties in case of bonafide default/ shortfall in export obligation (EO) under advance authorization issued by the DGFT. [refer to para 7.50 (b) of the Handbook of Procedures on https://www.thedollarbusiness.com/handbook-of-procedures-2015-2020]. But when it comes to bonafide default/ shortfall in export obligation (EO) under Export Promotion Capital Goods (EPCG) scheme, the exporter can utilse incentive scrips granted under SHIS towards payment of customs duties. This differentiation is there because only capital goods are allowed to be imported under SHIS and not raw materials.
Question: I want to import phenol from Thailand and Netherlands but I am not sure of anti-dumping duty on it if imported into India from these countries. I have read articles that confirm anti-dumping duty on phenol when imported from China (Taipei) and United States. I also read in one article that the anti-dumping duty on phenol from Japan and Thailand expired in April this year and there is a review pending for the continuation of this duty. Kindly help me out. (Subhash Babu Samala, Partner, Tripathy & Co., [email protected]) TDB Response: Dear Ayush - We assume you are interested in knowing anti-dumping duty on Phenol (hydroxybenzene) and its salts, which fall under ITC HS Code 290711, originating from Thailand and Netherlands. While Phenol, originating in, or imported into India from Thailand continue to attract anti-dumping duty (sunset review for imports of phenol from Thailand was initiated on June 2, 2015; read it on https://www.thedollarbusiness.com/sunset-review-of-the-anti-dumping-duty-on-imports-phenol-from-japan-and-thailand/ ), there is no anti-dumping duty on it if imported into India from Netherlands. [In case our assumption about the intended import product isn?t exact, please write back to us.]
Question: What is the import duty on CKD electric rice cooker spares from China? (Subhash Babu Samala, Partner, Tripathy & Co., [email protected]) TDB Response: Dear Subash - CKD electric rice cookers spares as imported under ITC HS Code 85166000 from China attract a total import duty of 29.441%. In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: What is the current price of imported apples? (Simran, Dyal Singh Evening College, [email protected]) TDB Response: Dear Ms. Simran - As per latest shipment data, the highest volume and value of fresh apples (ITC HS Code 08081000) are imported from China and USA at prices that range between Rs.60 to Rs.76 per kilogram. Chennai port is the port of destination for most consignments originating from the two exporting nations. Please however note that this price is C.I.F. value in US dollars and does not include either customs duty on apple (which at present is a high 50%) or logistics-related costs that will be incurred in the process of transporting the imported product to your factory from the port of destination.
Question: Are there any export restrictions on export of marble and travertine slabs to Bangladesh? (Debashis Dutta, Superintendent ? Hili District, Central Excise & Service Tax Zone, [email protected]) TDB Response: Dear Debasish - The items you referred to (Marble and Travertine) fall under sub-chapter 2515 of ITC HS Code. Currently, there are NO RESTRICTIONS on EXPORTS of these items to Bangladesh or any other country. (Refer to Schedule 2 ? Export Policy.) IMPORTS of these items in all forms are however ?Restricted? [refer to DGFT Notification No. 37 (RE-2013)/2009-2014; dated 26th August, 2013].
Question: I am currently manufacturing frozen mango dice and pulp and selling them in domestic market. I want to export these products to Europe. What are the licenses I require to How can I find a distributer in Europeexport them and what is the procedure to get those licences? (Sagar, MD, MS Group, ) TDB Response: Dear Sagar - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Agricultural and Processed Food Products Export Development Authority (APEDA) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are thousands of e-commerce portals across the globe. You can choose from them taking into consideration the parts of the world you want to export to. You can choose the ones that meet your requirements and are popular among buyers in European Union (EU). Interestingly, EU is currently the biggest importer of processed mango products in the world. So we may actually be talking about a huge untapped opportunity there; it may even be a big risk. Please ensure, your export consignments meet the quality standards set by EU authorities.
Question: We want to export services to countries like Nepal, Bhutan and Bangladesh. We have no idea about foreign trade. How do we start How can we receive payment What kind of taxes do we have to pay? (Suman Bandyopadhyay, Proprietor, Digital Weightronics, ) TDB Response: Dear Suman - Since you are a first-time exporter, you will have to start by obtaining an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. You can also begin with approaching your concerned EPC ? Services Export Promotion Council ? for assistance or reach out to potential buyers by posting your services on B2B websites. You can also post your services on https - //www.thedollarbusiness.com/trade/b2b-login.php. You can choose the ones that meet your requirements and are popular among buyers in the countries you want to export to.In respect of an export from India, payment can be received in a currency appropriate to the place of final destination as mentioned in the declaration form irrespective of the country of residence of the buyer. For this to happen, you need to have an Exchange Earners? Foreign Currency Account (EEFC) with an Authorised Dealer i.e. a bank dealing in foreign exchange. EEFC is a facility provided to the foreign exchange earners, including exporters, to credit 100% of their forex earnings to a their bank account, so that they do not have to convert foreign exchange into Rupees and vice versa, thereby minimising the transaction costs. Payment for export may also be received by the exporter in the following manner - (i) in the form of a bank draft, cheque, pay order, foreign currency notes/travellers cheque from a buyer during his visit to India, provided the foreign currency so received is surrendered within the specified period to the authorised dealer of which the exporter is a customer; (ii) by debit to FCNR/NRE account maintained by the buyer with an authorised dealer or an authorised bank in India; (iii) in rupees from the credit card servicing bank in India against the charge slip signed by the buyer where such payment is made by the buyer through a credit card; (iv) from a rupee account held in the name of an Exchange House with an authorised dealer if the amount does not exceed Rs.2 lakh per export transaction; (v) in accordance with the directions issued by the Reserve Bank to authorised dealers, where the export is covered by the arrangement between the Central Government and the Government of a foreign country or by the credit arrangement entered into by the Exim Bank with a financial institution in a foreign state.As far as taxes are concerned, taxes like SAD, Service Tax, VAT, etc., are not applicable on a product or service if that product or service is exported from India. Since the sale is not taking place within India, therefore such products or services are not subject to tax within India. Taxes on exported products or service are governed by the laws of the country to which the product or service is being exported. Rule of thumb is ? goods and services are exported, not taxes.Further, service providers of notified services, located in India, are rewarded under the new Service Exports from India Scheme (SEIS). To get a better understanding of the services covered under the new SEIS scheme and the benefits available to the service providers refer to Chapter 3 of FTP 2015-20 on https://www.thedollarbusiness.com/foreign-trade-policy-2015-2020).
Question: A few months ago Vietnam had banned groundnut imports from India. How can I stay abreast of notifications imposing such bans or restrictions; It will help raise my awareness and create a smooth work flow? (Gangadhar Mudagal, Owner, Mudagal Impex, [email protected]) TDB Response: Dear Gangadhar - You can visit our website www.thedollarbusiness.com and refer to the Notification & Circulars section wherein you will find all notifications, notices and circulars effecting such amendments as and when issued by the respective authorities.
Question: We are a star export house. Is it possible to negotiate our bills with the bank under PCFC or FBP if the original copies of the Bill of Lading, Invoice and Packing List have been sent directly to the consignee However, we can submit the original copies of GR/SDF forms and the photocopies of the aforesaid documents at the time of negotiation? (Kiran Rochlaney, Director, Ramka Silk House Pvt. Ltd., [email protected]) TDB Response: Dear Kiran - Yes, you can. However, allowing direct negotiations of documents is to the discretion of the bank. Banks usually extend this facility to exporters who are their regular customer with a good track record, or are status holders etc. Since you are a star export house, you should be allowed to negotiate your bills.
Question: How can I start EXIM business? (Nishi, Software Engineer, Keyideas Infotech, [email protected]) TDB Response: Dear Nishi - First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and the form needs to be submitted in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC, you can start exporting/importing. You can begin with approaching your concerned Importers? Association or Export Promotion Council ? depending on whether you want to import or export ? for assistance or reach out to potential sellers/ buyers by posting your product information on B2B websites. There are thousands of e-commerce portals across the globe. You can choose from them taking into consideration the parts of the world you want to import from or export to.
Question: Since childhood I have been dreaming of setting up an EXIM business. However, I really don?t know how and where to start from. I want to import machinery and sell it in the Indian market. Please advise.? (Amir Khusro, Contractor, A. K. Associates, [email protected]) TDB Response: Dear Amir - First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and the form needs to be submitted in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC, you need to decide on the type of machinery you want to import (as machinery encompasses industrial machinery, agricultural machinery, power tools, spinners, cutting machines and several other products) and the country you want to import it from. You can also begin with approaching your concerned Importers? Association ? Engineering Export Promotion Council ? for assistance or reach out to potential sellers by posting your product information on B2B websites. There are thousands of e-commerce portals across the globe. You can choose from them taking into consideration the parts of the world you want to import from and the products you want to source.
Question: I want to export auto rickshaws to Kenya. How do I start? (Asif Waris, Proprietor, Tavakkal Enterprises, [email protected]) TDB Response: Dear Asif - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Engineering Export Promotion Council ? for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also post your products on https://www.thedollarbusiness.com/trade/b2b-login.php. There are thousands of e-commerce portals across the globe. You can choose the ones that meet your requirements and are popular among buyers in Kenya. Interestingly, Kenya is currently at no.17 when it comes to importing auto rickshaws. So we may actually be talking about a huge untapped opportunity there; it may even be a big risk. Do some market research before you zero in on the final export destination. It will also be interesting to learn how leading players in the autorickshaw business in India like Bajaj Auto, Ceeon India, Lovson, etc., are going about exporting their products to various African, South American and South Asian markets.
Question: I want to know the duty drawback on bamboo sticks if we export them from India. I want to export $30,000 worth of bamboo sticks. Please help me with the duty drawback rate? (Munish Bhandari, Manager, God Grace International, [email protected]) TDB Response: Dear Mr. Bhandari - The All Industry Rate (AIR) of duty drawback on bamboo stick is 1% when the CENVAT facility has not been availed. The drawback rate is 0.15% if the CENVAT facility has been availed.
Question: I want to know the procedure to export salt from India. As I am new to EXIM business, I would appreciate if you could also provide me a list of top salt importing nations.? (Pon Mariappan, Owner, Kasthuri Group, [email protected]) TDB Response: Dear Pon - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for salt from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export.Further, exporters of common/ iodised/ refined salt (HS Code - 25010010) also need to submit an application for inspection at the nearest Office of the Salt Commissioner to the Government of India giving particulars of the consignment intended to be exported in a prescribed proforma. Such intimation should be accompanied with a copy of the export order. This intimation should be given not less than 20 days before the expected date of shipment. The inspection is carried out with a view to ensure that the quality of the export consignment conforms to the standard specification recognised by the Central Government in this behalf. If the consignment conforms to the recognised specifications, the Agency will issue a certificate to the exporter declaring the consignment as export-worthy. Once you have received the certificate, and submitted the aforesaid export documents you can ship the consignment to the buyer.While USA, Japan, China, Republic of Korea and Germany are the top five importers (in that order) of salt globally, Nepal, Malaysia, Oman, Republic of Korea and Sierra Leone are the top five importers (in that order) of Indian salt. In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: We are a manufacturer and exporter of electronics products and are registered under Central Excise. Can we export a product that is not manufactured by us and avail Central Excise and other tax exemptions If yes, what procedure do we need to follow? (Malleswara Durga Prasad, Senior Vice President, MIC Electronics Ltd., [email protected]) TDB Response: Dear Malleswara - Yes, you can export products manufactured by others or even procure them from a non-manufacturer for the purpose of exports. There is no such restriction. In both cases you can not only avail Central Excise exemption, but you are also eligible for export incentives. Exports made by non-manufactures are termed as merchant exports. So, all you need to ensure is that your Import Export Code (IEC) mentions your status as both manufacturer and merchant exporter.
Question: We want to export rice from India. How do we start? (Shiva, Owner, Shiva Shakti Grains (India) Pvt. Ltd., [email protected]) TDB Response: Dear Shiva - We assume you are a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from an overseas market you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to the buyer. You can also begin with approaching your concerned EPC ? Agricultural and Processed Food Products Export Development Authority (APEDA) ? for assistance or reach out to potential buyers by posting your product information on B2B websites. There are thousands of e-commerce portals across the globe. You can choose from them taking into consideration the parts of the world you want to export to.
Question: What is the maximum level of ppb allowed, if we want to export whole red chilli to Malaysia? (Inderneeil A. Mukherjjee, Export Manager, Chreotechnics Inc., ) TDB Response: Dear Inderneeil - We assume by ppb level you mean Aflatoxin level and want to export red chilli falling under HS Code 09042110. The Food Safety and Quality Division, Ministry of Health, Malaysia, has set the maximum limit for total aflatoxins in food at 5 ppb. While exporting chillies/chilli products to Malaysia, please ensure that the total aflatoxin level in chilli is within the prescribed limit, else the consignment will be rejected.
Question: What is the import duty on raw cashews, pistachios and almonds? (Suhas Bhaganagare, Proprietor, Om Exim Enterprises, [email protected]) TDB Response: Dear Suhas - You have not mentioned the countries you want to import these products from. We assume you are interested in importing from countries which are the biggest source of Indian cashews, pistachios and almonds imports.When it comes to raw cashews, the highest volume and value (as per latest shipment data) of dried cashew nuts in shell are being imported from Tanzania and Indonesia at prices that range between Rs.85 to Rs.92 per kilogram. While the customs duty on importing them from Tanzania is 30%, importing them Vietnam would attract lower customs duty of 12.5% since India has a Trade in Goods Agreement with Vietnam under the Framework Agreement on Comprehensive Economic Cooperation between the country and the Association of Southeast Asian Nations (ASEAN).In case of almonds, the highest volume and value of shelled almonds is being imported from USA at prices that range between Rs.630 to Rs.722 per kilogram. Importing it from USA would attract a basic customs duty of Rs.65 per kg along with a 4% ACD on total value of imports. CVD and cess are exempted in this case. As far as pistachios are concerned, the highest volume and value of pistachios (in shell) is coming from Iran at prices that range between Rs.340 to Rs.382 and attracts a total import duty of 14.712%.Please however note that these prices are C.I.F. values and do not include either customs duties (which have been mentioned separately for each product) or logistics-related costs that will be incurred in the process of transporting these imported products to your godown from the port of destination. Hence, viability of importing these products can be determined only after accounting for these factors.
Question: I am looking for buyers of agro commodities. How can I find good and serious buyers? (Rushabh, Proprietor, R. J. Tradelink, [email protected]) TDB Response: Dear Rushabh - You can reach out to potential buyers by posting your product information on any B2B or B2C website. There are thousands of e-commerce portals across the globe. You can choose from them taking into consideration the products you plan to export, and the parts of the world you want to export to.
Question: We want to import purses, mobile covers and wallets, clothing for kids, and watches from China with port of destination being Mundra Port. What custom duties and other charges are applicable on these products? (Arpita, Manager ? Business Development, Pragya International, [email protected]) TDB Response: Dear Arpita - We assume you want to import purses, mobile covers and wallets made from leather from China. While import of leather products from China attract a total import duty of 29.441%, importing watches from China would attract an import duty of 24.463%. As far as clothing for kids is concerned, we would request greater details. For example, we would like to know which garments and clothing accessories are you considering for imports. The Dollar Business Intelligence Unit would like to hear from you.
Question: Are OFAC and SDN provisions applicable to goods exported to UNO How can one supply relief material, against UNHCR order, to SDN port without risking OFAC and SDN provisions? (Vikram Singh, Consultant, Jaipur Treasure, [email protected]) TDB Response: Dear Vikram - Supply of relief material under UNHCR should not attract OFAC and SDN provisions. However, we would request greater details of the product and the point of supply for us to further analyse your question and advice you better.
Question: Can you help me out with HS codes for Groundnut Kernel Bold 50/60 Count, Tj Mix 50/60 count & 80/90 count, Java 80/90 What government benefits do Groundnut Kernel qualify for? (Rohit Chovatia, Partner, Saurashtra Industries, [email protected]) TDB Response: Dear Rohit - Groundnut Kernel Bold 50/60 Count, Tj Mix 50/60 count & 80/90 count, Java 80/90 fall under either ITC HS Code 12024210 or ITC HS Code 12024220, depending on whether they are hand-picked and selected (HPS) or machine selected. While the HPS category falls under ITC HS Code 12024210, others fall under ITC HS Code 12024220. Further, Groundnut Kernel does not qualify for MEIS benefit or any other such benefit under the new Foreign Trade Policy FY2015-2020.
Question: We are planning to import good quality agricultural tools from China. These products fall under HS Code 82013000 (mattocks, picks, hoes and rakes). What is the total import duty on these products I found a customs duty calculator on https://www.cybex.in/) are showing a higher import duty for these products. So, we are confused about the import duty on these products. What is the exact total import duty for these products Are these exemptions still valid? We request you to clear our doubts.? (Ranjith, Engineer, Indus Trading Co., [email protected]) TDB Response: Dear Ranjith - Products falling under HS Code 82013000 attract a total import duty of 10.3% as both CVD and ACD are exempted.
Question: I want to import mobile memory cards worth $10,000 from China by air. Can you tell me how much do I have to pay as import duty? (Manuj, Owner, Manuj Enterprises, [email protected]) TDB Response: Dear Manuj - Memory cards as imported under ITC HS Code 85235220 from China attract a total import duty of 29.48%. In case you have further queries, The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: I own a hotel in Guntur. We use a tonne of whole cashew nuts for our restaurant every month. We are planning to import 1st grade cashew nuts from Vietnam. Is the idea What is our new Exim Policy regarding import of cashew nutsviable? (Ammiraju Mutyala, Proprietor, Devika Foods, [email protected]) TDB Response: Dear Ammiraju - Although West African countries like C?te d?Ivoire or Ivory Coast, Tanzania, Guinea-Bissau, Benin, Ghana, Mozambique, etc. are still the biggest source of Indian cashew nuts imports, importing cashew from Vietnam does make sense given the country?s proximity to India (which means lower freight cost) and considering that the quality of the Vietnamese cashew nuts has been continuously improving over the last few years. In fact, as per latest shipment data, the highest volume and value of dried cashew nuts in shell are being imported from Tanzania and Indonesia at prices that range between Rs.85 to Rs.92 per kilogram. Mangalore and Tuticorin ports are the ports of destination for most consignments originating from the two exporting nations. Please however note that this price is C.I.F. value and does not include either customs duty on cashew nuts (which at present is a high 30%) or logistics-related costs that will be incurred in the process of transporting the imported product to your factory from the port of destination. However, what acts in favour of Vietnam is the lower customs duty of 12.5% since India has a Trade in Goods Agreement with Vietnam under the Framework Agreement on Comprehensive Economic Cooperation between the country and the Association of Southeast Asian Nations (ASEAN). As far as the new Foreign Trade Policy regarding import of cashew nuts is concerned, not much seems to have changed from the older version. The new Foreign Trade Policy 2015-20 is available on www.thedollarbusiness.com. Download and read it.
Question: We are an Indian manufacturer of exercise bikes. We now want to export the same around the world. Can you please help us find international buyers? (Nisha Singh, Manager ? International Business, Gymnasio, [email protected]) TDB Response: Dear Nisha - You can begin with approaching your concerned EPC for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also try and write to individual importers across various countries. Participation across well-known B2B trade fairs is another solution ? you may be able to track international wholesale buyers who may be interested in buying your products.
Question: We would like to know about new policy for urban manufacturer exporters and merchant exporters.? (Pardhuman Sharma, Manager, Gajraj Exports, [email protected]) TDB Response: Dear Pardhuman - There is no such classification as urban manufacturer exporters and merchant exporters. We assume you are interested in knowing new policy about merchandise exports. The new Foreign Trade Policy 2015-20 is available on www.thedollarbusiness.com. Download and read it. We request for a question with either greater details or one that has a greater focus. For example, we would like to know what exactly you are looking for when it comes to merchandise exports. The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: We are into agri-machinery import business. We now want to export pulses to Arab countries. Please advise us? (Srinivas Rao Garapati, Managing Partner, Sri Vijayadyrga Imports & Exports, [email protected]) TDB Response: Dear Srinivas - India?s exports of pulses to the Arab world vary from country to country. While exports to countries like Algeria, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Tunisia, and United Arab Emirates have grown by 22.33%, 51.05%, 14.59%, 14.96%, 352.92%, 276.40%, 49.33%, 34.05%, 7.19% year-on-year respectively in FY2014, pulses exports to nations like Bahrain, Egypt, Qatar, Saudi Arabia, and Yemen have shown a de-growth of 3.74%, 40.37%, 24.13%, 27.37%, 42.63% respectively in FY2014. However, overall, India?s exports of pulses to the Arab region have been growing at a CAGR of about 15% over the last five years, with Libya and Morocco being the fastest growing markets for Indian pulses in the region. Even the region?s import of pulses from the world has been continuously rising, clocking a CAGR of 8% over the last five years. Considering this, we would say the region, particularly Libya and Morocco, does presents an opportunity for Indian pulses exporters.
Question: In Deemed Export, there is a benefit called ?Deemed Export Drawback?. What really is it How can it be availed? (Apurba Karuri, Store Incharge, Vama Foods Pvt. Ltd., [email protected]) TDB Response: Dear Apurba - Duty drawbacks, essentially, are post-export replenishment/remission of duty on inputs used in export products. In other words, many governments, particularly those in highly protected economies, refund all taxes paid by an exporter ? be it customs duty, service tax or excise duty ? so that the products remain competitive in the international markets. And this process of refunding all taxes involved in the manufacturing/production process, once the export is completed, is called duty drawback. Now coming to your question, let?s be clear that there is technically no difference between ?Exports? and ?Deemed Exports? and both are treated at par when it comes to availing benefits. Supplies to entities like EOU, STP, EHTP, BTP, against Advance Licence, are considered as ?Deemed Exports? (Refer to Para 7.02 of Foreign Trade Policy 2015-20 for the complete list of categories to which supply of goods against advance licence by a manufacturer is considered as ?Deemed Exports?) and as such the benefits that are available to a regular exporter are also available to a supplier who is supplying to one of the aforesaid entities. Therefore, ?Deemed Export Drawback? in nothing but regular ?Export Drawback? available to an exporter and can be availed in the same manner as regular drawback.
Question: I am looking for an export opportunity for Natural Palmyra Jaggery in Gulf, Middle East and Scandinavian countries. Please advise me. (Ravi, Owner, Merchant Exporter, [email protected]) TDB Response: Dear Ravi - Export of Palmyra Jaggery [ITC HS Code - 17029010] from India has been limited to a few countries with Bahrain, Kuwait, Oman, Sri Lanka, UAE, UK and USA being the biggest markets for Indian Palmyra Jaggery. These markets, particularly the Middle East market, have been growing at double-digit over the last few years. As far as Scandinavian countries are concerned, the last time a consignment of Palmyra Jaggery left India for one of the Scandinavian nations was in FY2012 to Norway. Even when it comes to sourcing Palmyra Jaggery from the rest of the world, Scandinavian imports are not relatively high. Hence, it?s advisable to focus on the Middle East market when it comes to exports of Palmyra Jaggery from India.
Question: We are into sales and service of security systems. I would like to know the rules and regulation pertaining to export of the product to Singapore.? (Seema, HR & Admin, Avanz Engineering Private Limited, [email protected]) TDB Response: Dear Seema - We assume you are into sales and service of security products like CCTV, video door phones etc. (if not, please ensure that your product does not fall in the SCOMET list. Reason - Export of Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) is permitted only against an export licence issued in this behalf unless export is prohibited or is permitted without licence subject to fulfilment of conditions, if any, as indicated under/against any specific category or item) and a first-time exporter. First of all you need to obtain an Importer-Exporter Code (IEC) from the DGFT. An IEC is a 10-digit number allotted to a person that is mandatory for undertaking any export/import activities. Application for obtaining IEC can be filed manually and submitting the form in the office of Regional Authority (RA) of DGFT. Now the facility for IEC in electronic form or e-IEC has also been operationalised. Once you have obtained the IEC and received an export order for your product from Singapore you need to file the following mandatory documents required for export of goods from India - (1) Bill of Lading/Airway Bill; (2) Commercial Invoice cum Packing List; and (3) Shipping Bill/Bill of Export. Once you have submitted these documents you can ship your product to Singapore after some routine checks by the concerned authorities. When it comes to Singapore, the country is largely a free port and an open economy. More than 99% of all imports into Singapore enter the country duty-free. Since your product falls in non-dutiable category, you will be liable to pay only Goods and Services Tax (GST) as applicable on you product. [In case our assumption about the intended export product isn?t exact, please write to us.]
Question: Please provide a list of e-commerce platforms best suited for handicrafts exports from India. What is the scope for e-commerce led handicrafts exports? (Ankit Maheshwari, AGM ? Finance, Lykis Limited, [email protected]) TDB Response: Dear Mr. Maheshwari - You can reach out to potential buyers by posting your product information on any B2B or B2C website. There are thousands of e-commerce portals across the globe. You can choose from them taking into consideration the products you plan to export, and the parts of the world you want to export to. Indian handicrafts exports have shown a steady growth over the last few years, and are in great demand all across the globe (handicrafts exports from India has been growing at CAGR of about 17% over the last five years and are expected to reach $4.46 billion in FY2014-15). Considering this, we would say e-commerce route is the best way to tap this opportunity. For, e-commerce is not only one of the most promising channels for selling a product in today?s inter-connected world, but also offers a huge opportunity to exporters to expend their business globally with minimal capital investment. In fact, features like unlimited shelf space for products, round-the-clock display, swift transactions, low investment, etc. are making e-commerce transactions popular with each passing day. The worldwide e-commerce sale has already crossed $1.5 trillion mark in 2014, and is growing at about 20% every year. In short, e-commerce space is expanding at a massive scale every year and, well, the journey has just begun.
Question: I want to sell lot of things like tamarind? (Sindhuja, Aswathy Traders, [email protected]) TDB Response: Dear Mr. Sindhuja - Thank you for taking the time to send in your question. The question was reviewed and was not approved by our experts at The Dollar Business Intelligence Unit. We request for a question with either greater details or one that has a greater focus. For example, we would like to know which products are you considering for exports, which parts of the world would you want to export to, what consideration do you have in mind as far as budgets and deadlines if any, etc. The same applies to tamarind, the product you have mentioned. The Dollar Business Intelligence Unit would like to hear from you.
Question: Can you tell me about all excise duty sections and all forms of excise act? (Anusha, Student, Geethanjali College of Engineering and Technologies, [email protected]) TDB Response: Dear Ms. Anusha - Thank you for taking the time to send in your question. The question was reviewed and was NOT APPROVED by experts at The Dollar Business Intelligence Unit. Every question sent across to The Dollar Business is reviewed by several experts in foreign trade, hence we request you to value their time and therefore make all efforts to send in ?serious? questions that do not lack focus. We request for a question with either greater details or one that has a greater focus. For example, we would like to know what exactly you are looking for when it comes to excise duty or Act. The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: Is import of used tyres allowed in India? (Dwarka, Export Import Manager, Sunrise International, [email protected]) TDB Response: Dear Mr. Dwarka - Import of retreaded or used pneumatic tyres under ITC (HS) codes 40121100 (retreaded tyres of a kind used on motor cars including station wagons and racing cars), 40121200 (retreaded tyres of a kind used on buses or lorries), 40121300 (retreaded tyres of a kind used on aircraft), 40121910 (retreaded tyres for two wheelers), 40121990 (other retreaded tyres), 40122010 (used pneumatic tyres for buses, lorries and earth moving equipment including bigger size vehicles and light commercial vehicles), 40122020 (used pneumatic tyres for passenger automobile vehicles, including two wheelers, three wheelers and personal type vehicles) is restricted. Import under these HS codes is allowed freely if the consent of / permission from the Ministry of Environment and Forest is taken and the following conditions are met (where applicable) - (i) Import of retreaded tyres for buses, lorries and earth moving equipment including bigger size vehicles and light commercial vehicles is permitted freely if the per tyres CIF value is USD175 and above; (ii) Import of retreaded tyres for passenger automobile vehicles including two wheelers, three wheelers and personal type vehicles is permitted freely if the per tyre CIF value is USD25 and above. However, import of used rubber tyres with one cut in bead wire and import of used rubber tubes cut in two pieces is free under ITC (HS) code 40040000.
Question: Is import of used tyres allowed in India from Sydney? (Krishna Agarwal, Partner, A. N. Impex, [email protected]) TDB Response: Dear Mr. Agarwal - Import of retreaded or used pneumatic tyres under ITC (HS) codes 40121100 (retreaded tyres of a kind used on motor cars including station wagons and racing cars), 40121200 (retreaded tyres of a kind used on buses or lorries), 40121300 (retreaded tyres of a kind used on aircraft), 40121910 (retreaded tyres for two wheelers), 40121990 (other retreaded tyres), 40122010 (used pneumatic tyres for buses, lorries and earth moving equipment including bigger size vehicles and light commercial vehicles), 40122020 (used pneumatic tyres for passenger automobile vehicles, including two wheelers, three wheelers and personal type vehicles) is restricted. Import under these HS codes is allowed freely if the consent of / permission from the Ministry of Environment and Forest is taken and the following conditions are met (where applicable) - (i) Import of retreaded tyres for buses, lorries and earth moving equipment including bigger size vehicles and light commercial vehicles is permitted freely if the per tyres CIF value is USD175 and above; (ii) Import of retreaded tyres for passenger automobile vehicles including two wheelers, three wheelers and personal type vehicles is permitted freely if the per tyre CIF value is USD25 and above. However, import of used rubber tyres with one cut in bead wire and import of used rubber tubes cut in two pieces is free under ITC (HS) code 40040000.
Question: What is exports? How can I do this business? (Siddheswaran, Mass Exports, MD, 9444542XXX, [email protected]) TDB Response: Dear Mr. Siddheswaran - Thank you for taking the time to send in your question. The question was reviewed and was NOT APPROVED by experts at The Dollar Business Intelligence Unit. Every question sent across to The Dollar Business is reviewed by several experts in foreign trade, hence we request you to value their time and therefore make all efforts to send in “serious” questions that do not lack focus. We request for a question with either greater details or one that has a greater focus. The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us. However, we are curious to know how you managed to register an export firm and whether you have actually begun work as you are asking “What is exports?”!
Question: Is import of used tyres allowed in India from Sydney? (Krishna Agarwal, Partner, A.N.Impex, [email protected]) TDB Response: Dear Mr. Agarwal - Import of retreaded or used pneumatic tyres under ITC (HS) codes 40121100 (retreaded tyres of a kind used on motor cars including station wagons and racing cars), 40121200 (retreaded tyres of a kind used on buses or lorries), 40121300 (retreaded tyres of a kind used on aircraft), 40121910 (retreaded tyres for two wheelers), 40121990 (other retreaded tyres), 40122010 (used pneumatic tyres for buses, lorries and earth moving equipment including bigger size vehicles and light commercial vehicles), 40122020 (used pneumatic tyres for passenger automobile vehicles, including two wheelers, three wheelers and personal type vehicles) is restricted. Import under these HS codes is allowed freely if the consent of / permission from the Ministry of Environment and Forest is taken and the following conditions are met (where applicable) - (i) Import of retreaded tyres for buses, lorries and earth moving equipment including bigger size vehicles and light commercial vehicles is permitted freely if the per tyres CIF value is USD175 and above; (ii) Import of retreaded tyres for passenger automobile vehicles including two wheelers, three wheelers and personal type vehicles is permitted freely if the per tyre CIF value is USD25 and above. However, import of used rubber tyres with one cut in bead wire and import of used rubber tubes cut in two pieces is free under ITC (HS) code 40040000.
Question: I want to know the duty drawback on bamboo sticks if we export them from India. I want to export $30,000 worth of bamboo sticks. Please help me with the duty drawback rate? (Munish Bhandari, Manager, God Grace International, [email protected] ) TDB Response: Dear Mr. Bhandari - The All Industry Rate (AIR) of duty drawback on bamboo stick is 1% when the CENVAT facility has not been availed. The drawback rate is 0.15% if the CENVAT facility has been availed.
Question: What is the current price of imported apples? (Simran, Dyal Singh Evening College, [email protected]) TDB Response: Dear Ms. Simran - As per latest shipment data, the highest volume and value of fresh apples (ITC HS Code 08081000) are imported from China and USA at prices that range between Rs.60 to Rs.76 per kilogram. Chennai port is the port of destination for most consignments originating from the two exporting nations. Please however note that this price is C.I.F. value in US dollars and does not include either customs duty on apple (which at present is a high 50%) or logistics-related costs that will be incurred in the process of transporting the imported product to your factory from the port of destination.
Question: We are willing to import coconut in container sized 40ft every week from Paradip port. Can you tell us what the cost of importing it from Paradip to Jabel Ali sea port Dubai will be? (Ranjit, [email protected]) TDB Response: Dear Mr. Ranjit - We assume you are interested in knowing the approximate freight and insurance rates for an FCL laden with tender coconut (ITC HS Code 08011910/08011990) from Paradip Port (India) to Port of Jebel Ali (Dubai). Assuming an average weight of 1.5 kg per unit (of coconut), a 40 ft. FCL can be allowed to hold a maximum of 18,667 units (maximum load weight of 28 tonne). Considering an FOB price of Rs.50 per unit (going by recent shipment data), the total FOB value of your shipment will be Rs.933,350, or $14,891 (at an exchange rate of USDINR of 60). Total freight and insurance charges for this volume and value of agricultural product without refrigeration comes to anywhere between $2,529 to $2,749. Allow us to however add that tender coconut (in original form) is mostly shipped by air and in maximum cases, only the processed forms of this agri product (like tender coconut water mix, tender coconut water in tetra packs, etc.) are shipped via ocean. So to export tender coconut in the original form and in a fresh state, air transport is the only solution. The only issue is, via air cargo, the maximum load allowed under ordinary circumstances is 250 kg. Our suggestion therefore is – either consider importing tender coconut water mix or tender coconut water in tetra packs instead of the whole product, or be ready to import the tender coconut at expensive rates. [In case our assumption about the intended import product isn’t exact, please write to us.]
Question: Is there any restriction on the export of Zircon Sand from India. Is it included as a non-restricted category in the Export Policy? (Jose Varghese, Proprietor, JVC India, [email protected]) TDB Response: Dear Mr. Varghese, Zirconium Sand as exported under ITC HS Code 26151000 comes under the “Free” import policy (non-restricted category).
Question: Is there any restriction on the export of Zircon Sand from India. Is it included as a non-restricted category in the Export Policy? (Jose Varghese, Proprietor, JVC India, [email protected]) TDB Response: Dear Mr. Varghese, Zirconium Sand as exported under ITC HS Code 26151000 comes under the ?Free? import policy (non-restricted category).
Question: How can I get licence? (Murugan, +91-9688296XXX, [email protected]) TDB Response: Dear Mr. Murugan - Thank you for taking the time to send in your question. The question was reviewed and was NOT APPROVED by experts at The Dollar Business Intelligence Unit. Every question sent across to The Dollar Business is reviewed by several experts in foreign trade, hence we request you to value their time and therefore make all efforts to send in ?serious? questions that do not lack focus. We request for a question with either greater details or one that has a greater focus. Your question means a lot to us.
Question: How can I export to other countries? (Aijaz Khan, +91-9596257XXX, [email protected]) TDB Response: Dear Mr. Aijaz - Thank you for taking the time to send in your question. The question was reviewed and was NOT APPROVED by experts at The Dollar Business Intelligence Unit. Every question sent across to The Dollar Business is reviewed by several experts in foreign trade, hence we request you to value their time and therefore make all efforts to send in ?serious? questions that do not lack focus. We request for a question with either greater details or one that has a greater focus. For example, we would like to know which products are you considering for exports, which parts of the world would you want to export to, what consideration do you have in mind as far as budgets and deadlines if any, etc. The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: We are entering into the export business of surgical consumables, instruments and like items. Please suggest what are the taxes applicable on export of these items, i.e. Service Tax, SAD, etc. (Suneel Mundra, Sr. Vice-President, Shalby Hospitals, [email protected]) TDB Response: Dear Mr. Suneel - Taxes like SAD, Service Tax, VAT, etc., are not applicable on a product or service if that product or service is exported from India. Since the sale is not taking place within India, therefore such products or services are not subject to tax within India. Taxes on exported products or service are governed by the laws of the country to which the product or service is being exported. Rule of thumb is - goods and services are exported, not taxes.
Question: How can I export to other countries? (Aijaz Khan, 9596257XXX, [email protected]) TDB Response: Dear Mr. Aijaz - Thank you for taking the time to send in your question. The question was reviewed and was NOT APPROVED by experts at The Dollar Business Intelligence Unit. Every question sent across to The Dollar Business is reviewed by several experts in foreign trade, hence we request you to value their time and therefore make all efforts to send in “serious” questions that do not lack focus. We request for a question with either greater details or one that has a greater focus. For example, we would like to know which products are you considering for exports, which parts of the world would you want to export to, what consideration do you have in mind as far as budgets and deadlines if any, etc. The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us.
Question: How can I get licence? (Murugan, 9688296XXX, [email protected]) TDB Response: Dear Mr. Murugan - Thank you for taking the time to send in your question. The question was reviewed and was NOT APPROVED by experts at The Dollar Business Intelligence Unit. Every question sent across to The Dollar Business is reviewed by several experts in foreign trade, hence we request you to value their time and therefore make all efforts to send in “serious” questions that do not lack focus. We request for a question with either greater details or one that has a greater focus. Your question means a lot to us.
Question: What is exports? How can I do this business? (Siddheswaran, MD, Mass Exports, +91-9444543XXX, [email protected]) TDB Response: Dear Mr. Siddheswaran - Thank you for taking the time to send in your question. The question was reviewed and was NOT APPROVED by experts at The Dollar Business Intelligence Unit. Every question sent across to The Dollar Business is reviewed by several experts in foreign trade, hence we request you to value their time and therefore make all efforts to send in ?serious? questions that do not lack focus. We request for a question with either greater details or one that has a greater focus. The Dollar Business Intelligence Unit would like to hear from you. Your question means a lot to us. However, we are curious to know how you managed to register an export firm and whether you have actually begun work as you are asking ?What is exports??!
Question: We are entering into the export business of surgical consumables, instruments and like items. Please suggest what are the taxes applicable on export of these items, i.e. Service Tax, SAD, etc.? (Suneel Mundra, Sr. Vice-President, Shalby Hospitals, [email protected]) TDB Response: Dear Mr. Suneel - Taxes like SAD, Service Tax, VAT, etc., are not applicable on a product or service if that product or service is exported from India. Since the sale is not taking place within India, therefore such products or services are not subject to tax within India. Taxes on exported products or service are governed by the laws of the country to which the product or service is being exported. Rule of thumb is ? goods and services are exported, not taxes.
Question: How is the textile growth in South-East Asian countries like Indonesia, Vietnam, Philippines, Singapore , Malaysia, etc. (Manish Kumar, Regional Director, Intertek, [email protected]) TDB Response: Dear Mr. Kumar - We assume that you are looking at these foreign markets as export markets. No doubt, exports of articles of apparel and accessories from India to ASEAN region has risen over the last few years (exports saw a year-on-year jump of over 11% in FY2014). At the same time however, imports of articles of apparel, clothing accessories and other made up textile articles from ASEAN to India has also increased, and at a much faster rate. In fact, India?s imports of articles of apparel, clothing accessories and other made up textile articles from the region saw a year-on-year jump of over 47% in FY2014 and the trend is expected to continue through FY2015. So, if you are looking for exports of readymade garments, you should look at traditional import markets like US and EU instead of ASEAN. However, the region does present an opportunity for Indian entrepreneurs to invest in textile and apparel manufacturing units. [In case our assumption about you considering these Asian markets as export markets for Indian textiles isn?t exact, please write to us.]
Question: We obtained SHIS License and Zero Duty EPCG License in the same year i.e. 2012-13. When noticed, we paid the Custom Duty with applicable interest against import under EPCG License and surrendered the License in RA. We have also approached Settlement Commission Bench in Mumbai to settle the matter. Still, the concern RA has issue Show Cause Notice to why we should not be penalized. (Indrajit Singh, Sr. Manager – Exim, Princeware International Pvt. Ltd., [email protected]) TDB Response: Dear Mr. Singh - In the first place, since you voluntarily opted for payment of Customs Duty with interest against import under EPCG license which you surrendered to RA, there was no reason for the show cause notice to be issued. Do mark a copy of your show cause notice to DGFT Headquarters in Delhi. Since your case is a genuine one, we are sure your plea will get the deserved attention and action. We however fail to understand why you approached the Settlement Commision Bench in Mumbai even after paying Customs Duty with interest against import under EPCG license and having surrendered the EPCG license to RA. There is a probability that you have not submitted proof of duty paid to the RA. Kindly reply to the show cause notice citing brief facts of the case and enclose your duty payment challans and the show casue notice, and as advised before, do mark a copy of all documents with your reply to DGFT Delhi. In your case, we can only conclude that RA’s show cause notice is a procedural action. Furnishing the documents and clarifying the matter should be the solution.
Question: How is the textile growth in South-East Asian countries like Indonesia, Vietnam, Philippines, Singapore , Malaysia, etc.? (Manish Kumar, Regional Director, Intertek, [email protected]) TDB Response: Dear Mr. Kumar - We assume that you are looking at these foreign markets as export markets. No doubt, exports of articles of apparel and accessories from India to ASEAN region has risen over the last few years (exports saw a year-on-year jump of over 11% in FY2014). At the same time however, imports of articles of apparel, clothing accessories and other made up textile articles from ASEAN to India has also increased, and at a much faster rate. In fact, India's imports of articles of apparel, clothing accessories and other made up textile articles from the region saw a year-on-year jump of over 47% in FY2014 and the trend is expected to continue through FY2015. So, if you are looking for exports of readymade garments, you should look at traditional import markets like US and EU instead of ASEAN. However, the region does present an opportunity for Indian entrepreneurs to invest in textile and apparel manufacturing units. [In case our assumption about you considering these Asian markets as export markets for Indian textiles isn’t exact, please write to us.]
Question: I am an exporter of handicrafts. Please advise me how to secure export orders. (Mohammed Alam, Proprietor, Otto International, [email protected]) TDB Response: Dear Mr. Alam - You can begin with approaching your concerned EPC for assistance or reach out to potential buyers by posting your product information on B2B websites. You can also try and write to individual importers across various countries. Participation across well-known B2B trade fairs is another solution ? you may be able to track down international wholesale buyers who may be interested in buying your products.
Question: We obtained SHIS License and Zero Duty EPCG License in the same year i.e. 2012-13. When noticed, we paid the Custom Duty with applicable interest against import under EPCG License and surrendered the License in RA. We have also approached Settlement Commission Bench in Mumbai to settle the matter. Still, the concerned RA has issued Show Cause Notice as to why we should not be penalised.? (Indrajit Singh, Sr. Manager ? Exim, Princeware International Pvt. Ltd., [email protected]) TDB Response: In the first place, since you voluntarily opted for payment of Customs Duty with interest against import under EPCG license which you surrendered to RA, there was no reason for the show cause notice to be issued. Do mark a copy of your show cause notice to DGFT Headquarters in Delhi. Since your case is a genuine one, we are sure your plea will get the deserved attention and action. We however fail to understand why you approached the Settlement Commision Bench in Mumbai even after paying Customs Duty with interest against import under EPCG license and having surrendered the EPCG license to RA. There is a probability that you have not submitted proof of duty paid to the RA. Kindly reply to the show cause notice citing brief facts of the case and enclose your duty payment challans and the show casue notice, and as advised before, do mark a copy of all documents with your reply to DGFT Delhi. In your case, we can only conclude that RA?s show cause notice is a procedural action. Furnishing the documents and clarifying the matter should be the solution.
Question: I want to know as how to start exports of plywood. How can I quote rates and what are the container sizes used to calculate prices accordingly. Also, I would like to know as to how I can work out transportation costs. Please suggest? (Ashok, Associate, Chrishall Agency, [email protected]) TDB Response: Dear Mr. Ashok, first, you need to obtain an Importer Exporter Code (IEC) from DGFT. [It is possible to opt for the online application method starting February 1, 2015.] Interested traders can submit applications online to get an IEC instead of physically submitting papers. Click on this link - http://164.100.78.104 - 8080/dgftiec/login.jsp. All you will require is some scanned copies of your basic documents and a netbanking account with some (ten, as on February 5, 2015) notified banks. In case you prefer the manual (physical) submission mode or don’t fulfil a certain requirement for e-application, you can opt for the facility of submission of application in manual mode. Containers come in two sizes – 20 ft and 40 ft. As per the cargo you mention, dry containers of the aforementioned dimensions seem most suitable to serve your need. Ocean freight cost depends on the port of origin and the final port of destination. Obtain a quote from liners. Your clearing house agent will be able to get quotes for you. You will also be required to get a marine insurance of your goods from factory to destination. For exports, always quote the rates in CIF. Carriage (Selling price of your goods) + Insurance (Cost of insurance premium) + Freight (Cost of freight).