I have a farming background. We grow cotton, groundnut, wheat, and cumin seeds in rotation. Now, I want to set up a groundnut processing facility in my locality and start exports of HPS (hand-picked and selected) groundnuts. How do I start? Can you also please give me the MEIS reward rates for HPS Groundnut (HS Code 12024210), Cumin Seed (HS Code 09090311); Coriander Seed (HS Code 090921/22), Fenugreek Seed (HS Code 091099), Fresh Turmeric (HS Code 09103010), Mustard Seed (HS Code 120750), and Fennel Seed (HS Code 090961)? (Vijay Ramani, Export Manager, Endeavour International, Rajkot, Gujarat, [email protected], +91-9099959XXX)
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.
Response by: Steven Philip Warner, President (VMPL) & Editor-in-Chief, The Dollar Business
I want to export green chilli to UK. However, it seems that a farm certificate is required to export it to UK. Do I really need it or can I export without the certificate? What are the other additional formalities required to export green chilli to UK? (Raja, CEO, CMR Exports, Chennai, Tamil Nadu, [email protected], +91-9940246XXX)
Dear Raja: We assume you are interested in exporting green chilli falling under HS Code: 07096010. Fruit and vegetables must meet European marketing standards (with regards to quality, maturity, tolerance and marking) to be imported into UK, or other European Union (EU) countries. If you are planning to export fresh fruit or vegetables to UK, you should ensure that your product meets the quality standards set by UK as the buyer will have to apply for a ‘Certificate of Conformity’ for the product. You can also apply for it under the PEACH (Procedure for Electronic Application for Certificates) system, which is run by the Department for Environment, Food and Rural Affairs (DEFRA). The PEACH system can be accessed on the DEFRA website at http://peach.defra.gov.uk.
Response by: Manish K. Pandey, Editor, The Dollar Business
Is import of black pepper allowed from African countries? If yes, what is the import duty on the product from Africa? (Ummer Khalifa, Co-Founder, VB Ventures, [email protected], +91-9620920XXX)
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.
Response by: Dr. A. K. Sengupta Chief Consulting Editor, The Dollar Business
I want to export Hot Stamping Marking Tape to telecom cable manufacturers in South East Aisa and Middle East. The product falls under HS code: 32121000 and these foils are used for printing company name and details on sheathed cable. Can you please help me out with competitor price and market volume in these countries for the aforesaid product? (Ram Sagar, Marketing Executive, Blue Innovation Pvt. Ltd., [email protected], +91-9717112XXX)
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).
Response by: Indranil Das Executive Editor, The Dollar Business
I am currently working as an Export Manager in a reputed company. I want to become a merchant exporter. I have been researching for few weeks, as to which product to deal with and what markets to target. However, I am still unclear on both of them. I have just subscribed to The Dollar Business magazine and the first copy will be arriving this month. Can you help me set up an export business? (Sibi Thomas, Manager - International Marketing, GCIL, [email protected], +91-9925014XXX)
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://in.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://in.thedollarbusiness.com. Of course, the test is absolutely free!.
Response by: Manish K. Pandey, Editor, The Dollar Business
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