How to Start an Import Export Business in India

This article covers a step-by-step process on how to successfully start your own import-export business in India.

Undertaking comprehensive market research and evaluation forms the very basis for establishing a successful import-export business.

Understand overall import and export regulations in India and intended export countries or import partners.

With substantial foundational research completed and the preferred operating business model finalized from a profitability and viability stance.

GST registration is required for businesses with annual turnover over Rs 20 lakhs. It provides a unique GSTIN used for filing taxes.

Bank accounts are needed to receive/make payments, get working capital, term loans, trade finance, and manage cash flow & transactions.