Importing goods from China to India – The Ultimate Guide:
So, if you are thinking about importing goods from China to India, here are 7 Things that you need to know. You’re not alone. India’s ubiquitous needs have ensured that China has emerged as a favorite source of businesses due to its reputation for cheap pricing, a large manufacturing capability. But if you’re new to importing, the process can become tricky. In this guide, I’ll take you from the ground up on what you need to do, including reliable suppliers and customs duties.
Should You Consider Importing From China?
China has also kept its prices low, wide range of products and high quality is what Indian businesses need to keep costs low and the variety high. China has options for just about every industry when you’re sourcing electronics, textiles, or machinery.
Simple Steps to Import Goods from China to India:
8 Simple Steps to Import Goods from China to India
1. Identify Your Market
Also make sure that there’s demand for the products for which you’d manufacture. Read research trends on what businesses are doing in your space. Clothing, toys and electronics are imported and in demand, but be sure to check what fits your niche.
2. The Right Supplier
This is probably the most important. Alibaba and Made-in-China are all the rage but never forget to read the review and ask suppliers all detail questions. For that you’ll look for someone who has the commitment, the interest to do it right and to get it done timely.
3. Master Documentation and Regulations
Second, to import in India you need to have specific licenses along with paperwork like an import export code and in case of some product you might need BIS certification in India. Make sure you are ready so that you do get delayed.
4. Calculate Total Costs
The product price isn’t the entire story. You’ll also need to calculate for customs duties, GST and shipping fees. A budget up front will allow you to avoid surprises.
5. Finding Best Shipping Option
If you are on a budget or time binding, ship at sea (less expensive quicker) and if you require faster service ship by air (the faster option comes at a cost). So freight forwarders can also help to coordinate these details for you.
6. Customs Clearance
If you are clearing customs in India, you can expect a fair bit of the documentation to be involved. If you don’t want to go through the process on your own, you can hire a customs broker to help it all run more smoothly and make sure your documents are accurate.
Final Thoughts
Importing from China can benefit an Indian business tremendously, if done right. If you can employ a strategic approach along with some important knowledge then you’ll be well on your way to stocking your inventory with quality Chinese goods.
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