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.
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Undertaking comprehensive
market research
and evaluation forms the very basis for establishing a successful import-export business.
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Understand overall import and export regulations in India and intended export countries or import partners.
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With substantial foundational research completed and the preferred operating business model finalized from a profitability and viability stance.
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GST registration is required for businesses with annual turnover over Rs 20 lakhs. It provides a unique GSTIN used for filing taxes.
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Bank accounts are needed to receive/make payments, get working capital, term loans, trade finance, and manage cash flow & transactions.
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