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Deleted user
posted 8 months ago
Import from China
Import export from China to India.. Reselling allowed? Custom laws?
Country
  • India
Fields:
  • Intellectual Property
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ddhiman8146
Deleted user
Lawyer
posted 8 months ago
Importing goods from China to India involves navigating various aspects, including customs regulations, import-export policies, and business practices. Here are some key points to consider: 1. **Reselling:** - Generally, reselling imported goods is allowed in India. However, it's essential to comply with local business laws and regulations, including obtaining any necessary licenses or permits for your specific type of business. 2. **Import-Export Policies:** - India has specific import-export policies regulated by the Directorate General of Foreign Trade (DGFT), which operates under the Ministry of Commerce and Industry. Familiarize yourself with the current Foreign Trade Policy (FTP) to understand the rules and regulations governing international trade. 3. **Importer Exporter Code (IEC):** - An Importer Exporter Code (IEC) is a mandatory requirement for any person or entity importing or exporting goods and services to and from India. Obtain an IEC from the DGFT before engaging in international trade. 4. **Customs Duties and Tariffs:** - Customs duties and tariffs are applicable to imported goods. The Customs Tariff Act governs these duties, and the rates may vary depending on the nature of the goods. It's crucial to correctly classify your products to determine the applicable customs duties. 5. **Goods and Services Tax (GST):** - Goods imported into India are subject to Goods and Services Tax (GST). Be aware of the GST rates applicable to your specific products, as well as any exemptions or concessions that may apply. 6. **Customs Documentation:** - Proper documentation is crucial for customs clearance. Commonly required documents include the commercial invoice, packing list, bill of lading or airway bill, and any other documents specified by Indian customs authorities. 7. **Quality Standards and Regulations:** - Ensure that the imported goods comply with Indian quality standards and regulations. Certain products may require additional certifications or approvals from regulatory authorities. 8. **Restricted and Prohibited Items:** - Be aware of goods that are restricted or prohibited from being imported into India. Certain items may require special permissions or face outright restrictions. 9. **Incoterms:** - Clearly define the terms of trade, including shipping responsibilities and costs, by using internationally recognized Incoterms (International Commercial Terms) in your contracts with Chinese suppliers. 10. **Legal Assistance:** - Consider seeking legal advice or consulting with a customs broker to ensure compliance with Indian customs laws and regulations. It's crucial to stay updated on changes in regulations, as they can impact your import-export activities. Additionally, building a good relationship with a reliable freight forwarder and staying informed about trade agreements between China and India can contribute to smoother business operations. Always verify information with relevant authorities or legal professionals to ensure accuracy and compliance.
mangonawiri
Deleted user
Lawyer
posted 8 months ago
Importing and exporting goods from China to India involves understanding the customs laws and regulations of both countries. Here's some information to help you get started: 1. Importing from China to India: - Identify the goods: Determine the specific products you want to import from China and ensure they comply with Indian regulations. - Obtain an Import Export Code (IEC): Register for an IEC with the Directorate General of Foreign Trade (DGFT) in India. This code is mandatory for all importers. - Research customs duties and restrictions: Check the Indian Customs Tariff for applicable duties, taxes, and any restrictions on the goods you plan to import. - Choose a shipping method: Select a suitable shipping method, such as air freight or sea freight, based on the nature and volume of your imports. - Arrange logistics: Coordinate with shipping agents or freight forwarders to handle transportation, customs clearance, and delivery of your goods. 2. Exporting from India to China: - Identify the goods: Determine the products you wish to export from India to China and ensure they comply with Chinese regulations. - Obtain necessary licenses: Some products may require specific licenses or certifications before they can be exported. Research and obtain any required documentation. - Understand Chinese customs procedures: Familiarize yourself with Chinese customs regulations, including import duties, taxes, and any restrictions or prohibitions on certain goods. - Choose a shipping method: Select a suitable shipping method based on your export requirements, such as air freight or sea freight. - Complete export documentation: Prepare all necessary export documents, including commercial invoices, packing lists, certificates of origin, and any other required paperwork. Regarding reselling imported goods in India, it is generally allowed as long as you comply with Indian laws and regulations related to taxation, licensing, labeling requirements, and any specific product regulations. I would be happy to advise you further and in great detail on this issue. I can write you a legal opinion for a reasonable pay.