Importing can be very easy however, identifying what goods to import is difficult to identify. Many of our client already have their category or product in mind before they start importing for those who are yet to identify there are several ways you can go about it,
You can also produce you own unique product.
Expert Tip: Any product that you could easily sell with your existing network is an ideal product to start with. First product would be the most difficult to identify once you get hand on experience it would be must easier to fine tune the choices.
While considering the product you are planning to import, make sure that they comply with Indian regulatory requirement. Technical Compliance such as:
Every day, a surprising number of shipments of seemingly innocuous products being imported from China to the India are prevented entry by US Customs.
Conceptualize how your product might be able to injure a consumer, even with improper use.
Packaging and Labeling
You must also ensure your product’s Packaging and labelling comply with weights and measures act of India. MRP or RSP stickers are mandatory for all Finished product You can easily ensure that your labels comply by creating the label file in .ai or .eps format.
Some products require detailed documentation before they can be Imported once all the documentation are in place and Approved by local authority you are ready to Go.
If relevant to your product, submit samples for testing to a NABL accredited compliance testing company. ARAI, ICAT for Automobile and so on
After you have decided on the product, now its time to find a supplier in china. For most First-time Importers, they go to marketplace is Alibaba, however there are many such online market portals online. However, it is important to note that Alibaba or by nature of fact any marketplaces are not actual manufacturers of the products that are listed on their portals. Suppliers listed could be wholesaler, manufacturer or a trading company.
Expert Tip: It is not always correct to buy from a factory directly, there are various instances our Client preferred trading company over a manufacturer could be higher MOQ, flexibility, delivery time or more. In case you are serious about your sourcing must be from a Factory direct, we suggest you live video chat or visit them before you even finalise the price.
It is Important as a Importer you need to protect you self by drafting a formal legal contract. Commonly known as purchase agreement, manufacturing contract, purchase contract, sales contract, or supplier agreement. Work with a lawyer specializing in China business law on this.
Unfortunately, most small importers never bother, in fact, most don’t even know about this and they just work on Proforma Invoice given by supplier.
However, in case of issues most supplier would still resolve issues and protect their reputation. But, it’s not at all recommended and you absolutely must get a formal legal contract if you are planning on buying a substantial amount from the supplier over time.
There are even more legal formalities involved if you want IP protection.
Now that you know the price after you have identified potential suppliers from china, the next important step is to check the Landing cost. A feasibility analysis is what it is called is most import for profitability of business.
Landed cost can be determined with calculation the cost of product + Cost of transporting + Duties and Taxes + other expenses incurred to make sure they can be imported. In nutshell, costing involves every expense from factories floor till your doorstep. Landed cost is a calculation used to determine your company’s bottom line.
Expert Tip We can help you determine the costing for Free. We just need following information
1. Value of order
2. CBM or size of the boxes
3. Weight of total order
4. HSN code
5. Product description
6. Mode: Air/Sea
You can also share Proforma invoice and packing list if you have.
Once Costing is Decided and you are happy to place order(s) you need to make sure you double check every detail about the product specification and quality requirement. It is advised to also let the manufacturer know that they will only accept the goods if it is passed by Inspection or Test labs if applicable. Make sure all the details are written in the contract that supplier shall sign for you.
Once the goods are ready, you can hire our Pre shipment inspection service and get the quality and quantity checked. After approval you can approach a freight forwarding agent or let our team handle the whole process. We can get your goods to where they need to go whether you’re shipping via air or ocean.
Expert Tip: Cargo insurance is super cheap compared to the costs involved if your shipment is lost or damaged some point along the way importing from China to India. Our rates are quite comparable to buying directly from an insurer, and it’s less hassle for you.
Incoterms are (eleven) standardized freight terms that must be agreed in writing between the supplier and buyer, or no air or ocean carrier will accept the shipment.
They are a trap for beginners and choosing the wrong one can have catastrophic consequences.
When starting out with Incoterms, stick to:
The Indian Trade Classification (ITC)-Harmonized System (HS) classifies goods into three categories:
Once the goods arrive in Indian Port the Procedure for clearance of Imported Goods:
The Foreign Trade Policy, 2015-2020 mandates the following commercial documents for carrying out importing and exporting activities:
Additional documents like certificate of origin and inspection certificate may be required as per the case.
Expert Tip: Customs Clearance in India has been evolving, Continuos ammendments in Customs rules and keeping track of such changes can be time consuming. Always take our expert advice before planning to Import any product.
Importing can be daunting and time consuming, we shall provide you with one stop services for all you Importing business needs.
Importers usually require (IEC) Import Export Code License to Import. However, we would import on your behalf on our IEC and Resell them to you in Local GST Invoice. You do not have to worry about any cumbersome documents or Foreign Transfer.
From Factory floor till is doorstep is our Responsibility. For further questions on how to start importing today you can contact us or if you have product idea in mind and don’t know who can make it for you please get in touch with our experts who will be more than happy to help you.
Narrow down the product you are planning to source, prepare the specifications list and sent them to our professional sourcing agent. They will assist you in simplifying the then complex purchasing process. Our professional agent will look for the best supplier suiting your product requirement and sent you the best-filtered quote so it becomes easy for you to decide.
Are you planning to buy multiple products or have a product to be bundled & assembled from multiple suppliers? In this situation, we would require you to send us a list of product(s) that you would plan to purchase. You are required to travel to China and we shall fix up your meetings with the potential suppliers. Our professional Agent will help you at all times during your trip from Airport pickup to hotel booking anything you may need for your procurement.
Try to get every detail about the product jotted down and then prepare the product specification. It could be as detailed as how many numbers of screws you required or the exact colour code you require your product to be manufactured. Send them to us and then we shall start the process of soucing. We would require a small security deposit of USD 300 for us to start investing time in getting the best source. This is completely refunded on your first order.
Sourcing Factory Setup, Turnkey projects, Production line or Raw material for your factory. We can source everything you want. Let us know what are you planning to Manufacture we shall dig deep inside to get the best-hidden gem supplier for your next project.
We do not have Minimum Order Quantity (MOQ) as long as the suppliers are willing to supply the given quantity we do not insist on MOQ. However, From our expert analysis order, less than 8000 USD generally do not repeat their orders.
Obviously, why would anyone source from china if the prices are not low. Is the lowest price the key to your success in product sourcing? I would say the Right price is more important than a lower price. We guarantee our clients the right price for their requirements.