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As Export/Import Industry growing day by day, many new potential business persons want to start their own Import/Export Company. To start such a Company, you need to understand this Industry with thorough research and also need to follow some guidelines issued by the government along with some legal license required to run this business. Here we have mentioned steps one needs to follow about How Do I Start Food Products/Items Export Company In India?
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How Do I Start Food Products/Items Export Company In India? The import and export industry has seen major growth in the recent years. This has led to many new business opportunities in the import and export industry. Due to the rise in the demand for various food products from India, it’s a great time to open a Food export company. Opening a food product export company involves many steps and documentation. The food exporter from India exports food to various corners of the world today.
If you wish to export food products from India, here are a few things you should definitely know: ● Register Your Business It is compulsory to register the firm or business before starting it in India. It may be a proprietor firm, partnership firm or a company. A proprietor firm generally requires the least cost of formation. A partnership firm usually involves a minimum of 2 partners. Businesses that aim to have huge import and export business must preferably register under the private limited company. ● Obtaining PAN Card and Opening Current Account A PAN Card has to be obtained for the company. The Income Tax Department of India issues a PAN Card which is considered as an important document for business. Once your business is registered and your PAN card is made, you must open a current bank account with either a commercial private or public bank. The current account is generally very convenient for business. ● An Import Export Code An Import Export is basically a 10 digit code issued by the Director-General of Foreign Trade to Indian businesses. Having this code is essential in order to import or export goods from India. The registered firm usually has to submit all the essential documents to the government which may include submitting the PAN card, applicant photograph, and a copy of the cancelled cheque from the current account.
● Export License An export license is basically an export control document, issued by the Government of India. It is generally used to monitor the export of sensitive technologies. An export license is required for food products export from India. For all manufacturers, traders, wholesalers, retailers, importers, and exporters of food products and raw materials, it is mandatory to acquire a 14 digit FSSAI food license or FSSAI registration number. ● GST Registration If you want to start an import-export business in India you also need to acquire a GST registration. After registration, you will receive a GST number. ● APEDA License The Agricultural and Processed Food Products Export Development Authority was established by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act. Having an APEDA license is necessary because this document is essential when you are involved in exports of agriculture products. ● Registration Cum Membership Certificate An RCMC is also an essential document in order to start an import-export business from India. The main aim of an RCMS is to get authorization to import and export products from India. Only after you get an import and export code and an RCMC you can set up an import and export business in India.
● Customs Clearing Agent Hiring a customs clearing agent is also useful. Once the goods reach India, the customs clearing agent will be able to assist the importer in clearing the batch at the port. You must consider the numerous expenditures that are made at the port including handling charges, customs duty, transportation charges, and many more. ● Freight Forwarding A freight forwarder is a person or a company that manages a point to point shipments. It eases the process through which the imported goods reach your location. Conclusion: Pisum Foods is one of the leading food export companies in India. They export various food products including spices, pulses, grains, fruits, vegetables so on and so forth. The priority of Pisum is delivering the best quality products in a minimal amount of time. With their in-depth research and knowledge, Pisum has several global connections today. If you wish to export food products, Pisum is your best choice!