After the completion of all research and analysis, the next step is to get registered with the various government authorities.
Registration with Director General of Foreign Trade (DGFT) – Registration with DGFT, ministry of commerce, Government of India is mandatory for every new exporter. DGFT issued an IEC Code which is unique 10 digit number. IEC Code is mandatory to import or export in India. No person or entity shall make any Import or Export without IEC Code Number.
Necessary requirements for apply for IEC Code number:
Documents required applying for IEC Code:
However, if the goods are exported to Nepal, or to Myanmar through Indo-Myanmar boarder or to China through Gunji, Namgaya, Shipkila or Nathula ports then it is not necessary to obtain IEC number provided the CIF value of a single consignment does not exceed Indian amount of Rs. 25, 000 /-.
Registration with Export Promotion Council (EPC) – It is mandatory for every exporter to obtain RCMC from Export Promotion Council (EPC). EPC is a non-profit organization, registered under Indian Company Act for the promotion of various goods exported from India in International market. EPC helps in communication between the government and exporters.
Registration with Commodity Boards – It’s good for every exporter to get registered with commodity boards. At present there are five statutory Commodity Boards under the Department of Commerce. These are responsible for production, development and export of tea, coffee, rubber, spices and tobacco. They work for export promotion.
Registration with Income Tax Authorities – It is important for every exporter to get registered with Income Tax Authorities because goods exported in international markets are eligible for exemption from both Central Sales Tax and Value Added Tax.
Registration with APEDA - The Agricultural and Processed Food products Export Development Authority (APEDA) is an export promotion organization under Ministry of Commerce & Industries, Government of India. It is mandated with the responsibility of promotion and development of the export of its scheduled products.
Any exporter may get registered with APEDA as per the following guidelines.
Registration with other Authorities – It is advantageous for exporters to become members of local Chamber of Commerce, Productivity Council and any other trade promotion organization recognized by the Ministry of Commerce or Industry. Exporters should also obtain Business Identification number (BIN) before filling for Customs Clearance of Export goods.
Export Licensing – Some goods are free for export but some are not. Goods which are falls in negative list can be imported or exported only in accordance with regulation of government. So it is mandatory for importer or exporter of these goods to obtain license from DGFT.