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How to export from India

Considering that the company is already established with import export code (IEC) / import export license is already obtained and have product(s) ready for export, identified potential buyers or already received / receiving export orders and trying to know as how to export from India.

The exporter needs to be familiar with banking transactions related to foreign trade such as how LC (letter of credit) and other payment terms in global trade practices. To participate in export / import business, the exporter needs to be familiar with INCO terms. INCO terms are published by International Chamber of Commerce (ICC) which is used in import / export business. The exporter who would like to establish contract, they must be familiar with few important terms like ex-works / door to door, FOB, CIF, etc and its each implication. The INCO terms which is published by international chamber of commerce can be referred in the following link:

https://dov.gov.in/clearance-procedure

There are several most frequently used inco terms definitions are given in our site:

http://islf.in/faq/#1478259154289-d02af91d-2677

Exporter must get Authorised Dealer code (AD Code) from their bank in bank’s letter head. The unique AD code is already allocated for all the banks who operates in India and the banks will issue a letter in a specific format to the interested port through which the exporter would like to export by mentioning the consignee’s account details, their IFSC Code, etc. The exporter must register their bank details with its AD code at the interested port. In case if the exporter transacts with more ports then they should register with all interested ports because this registration is every port specific hence register at every port. The letter from the bank is also port specific hence the exporter has to get the letter for all specific ports independently. Required documents to register AD code at port is as follows:

1. AD code number letter received from the bank
2. Copy of the self-attested IEC

The AD code registration confirms the bank transaction pertaining to the export transaction and also the duty drawback will be credited if availed.

Now the exporter needs to be knowledgeable to create the documents for export transaction. Here are few list of documents listed:

1. Commercial Invoice
2. Packing List
3. Drawback declaration (if applicable)
4. Advance License declaration DEEC (if Advance license scheme availed – if applicable)
5. Export Value Declaration
6. FEMA declaration
7. Annexure C-I (for 100% EOU scheme)
8. Pink Shipping bill (for 100% EOU scheme)
9. License copy (if DEEC / EPCG license applicable)
10. Any other required documents

Commercial invoice for export: The sample commercial invoice can be referred at the following link which is published by government of India.

https://www.trade.gov/commercial-invoice

Packing list for export: The sample packing list can be referred at the following link which is published by government of India.

https://www.trade.gov/packing-list

Whole bunch of documentation can be found at the following link:

https://www.export.gov/article?id=Shipping-Your-Product-Documentation

The most elaborated procedures related to how to export from India in the above given link.

Once the consignment is exported and received the payment, there are certain export benefits offered by government of India can be availed. The following are few of the export benefits:

• Vishesh Krishi & Gram Udyog Yojana Scheme (VKGUY)
• Focus Market Scheme (FMS)
• Focus Product Scheme (FPS)
• Exports from India Scheme (MEIS), etc

After submission of the IEC (import export license) code online application, your respective regional / local authorities will verify the application and it’s supporting, your application is accepted then your IEC will be approved. In case if your application has deficiency, then the respective office will raise the deficiency accordingly. Applicants are required to rectify the deficiency raised. Finally, once your IEC request is accepted / approved, you will receive an IEC.

Action-10: If applicant wants to modify the existing IEC then the applicant needs to follow the similar steps online. There is no online application fee in case of modification happens within 90 days of obtaining IEC otherwise the applicant needs to make the payment of INR 1000 has to be made in form of demand draft to concerned regional / local authority.

Answers for some of the most frequent questions for IEC Code

1. Pre-requisites for IEC code online application.

Scan copy (Softcopy) of the documents are required. Accepted format of the files are only “GIF” and “PDF” format (Other file formats are not accepted to upload).

1. Steps to upload documents for IEC code online application (import export license)

1. Applicant needs to ensure that all details are correct and match with its documents
2. DGFT, RA is selected as per it’s jurisdiction / location
3. Requisite fee is deposited
4. Create a check list and review the checklist before submission
5. Physical Copy is signed manually by applicant and uploaded

References

IEC Code online application format can be referred at

http://islf.in/wp-content/uploads/2024/10/APPLYING-NEW-IEC.pdf

Bank certificate format for IEC (import export license) Code online application can be referred at

http://islf.in/wp-content/uploads/2024/10/APPLYING-NEW-IEC.pdf

Printed IEC certificates are no longer issued and the E-IEC (import export license) format can be viewed as follows:

http://islf.in/wp-content/uploads/2024/10/APPLYING-NEW-IEC.pdf