How to Import From China to India 0 inShare The concept of importing products from China aims to facilitate a cost

effective and smooth flowing trade from the country to the rest of the world. China has been the leading provider of revenue boosting products and goods to the rest of the world, which is why it is viewed as the best sourcing hub for retailers and wholesalers. Chinas import industry has played a major role in the economy of almost every nation to date, including Indias. Yes, even India the most affordable provider of manpower and outsourcing services takes advantage of the bountiful market that China has. In a way, imported Chinese products played a significant role in Indias economy. What We Can Do We can set you off in the right direction, in case you dont know how to start running the business. From the planning phase to the implementation of your importing scheme, we will be at your back to ensure that every step you take is worth every penny you bring out from your pocket. We will hone you through our intensive training to help you function independently in your own importing business. Our training will provide you with the necessary information that is essential in every importing venture with China. Aside from that, we can offer you the resources you might need to complete your import transaction with Chinese suppliers or manufacturers. We can ensure that your trade with China is smooth flowing and with a fast turnaround time. Our company offers an all in one solution to every retail and wholesale business importing needs for highly profitable products. Just let us know what products you want to import and well find the best of its class for you. With the vast number of suppliers that we have in our database, believe it, we can. How You Can Benefit

So, youre a business owner, who do you think you are liable to? the customers? your employees? or maybe yourself? Well, those answers are plain myths. As business owner, you are liable to the Tax Bureau of your state or country. Plus, importing from China adds more responsibility to you as a business owner; you have to deal with the Chinas customs and its regulations. With an experienced business coach by your side, youll be able to manage your liabilities well, maximize your profits without undermining your tax liabilities. We can help you set realistic, feasible yet productive goals for your business. Once you have it all sorted out, there will be more chances of acing those goals. Have a hassle free import process from China. You dont need to get too involved with the whole process. Enjoy the liberty of simply monitoring your business while we do all the work for you.

Steps on How to Import from China to India First of all, you have to know what product you want to import from China to India. If you have already found your niche in your target market, then it would be easier for you to follow through these steps:

1. Find a supplier from China that can provide you with the product that you need. You can easily search for them on the Internet. On the other hand, if you want things to be convenient for you, a third party importing agency can help you breeze through the entire process. However, if you want to do it yourself, you can proceed to the next step. 2. Contact the provider from China and ask for catalogues, samples and of course price list, especially the value of the products when ordered by volume; products will be a lot cheaper if purchased this way. You need not to travel to China in order to get in touch with them; majority of these providers can already be contacted through email or if not, by long distance call. You can also opt to travel all the way to China to meet and greet your chosen provider; this will be more beneficial to your end. However, it would require you to exert an effort to travel outside China. During the course of your communication, it may seem too good to be

true, but you can still negotiate for a much cheaper price despite of the undeniable low rate that they already offer. 3. After the details of the products and price have been ironed, you can now ask for samples from the provider. Some companies may send them to you for free, while some might charge you on top of your actual purchase. If you have made an effort to travel all the way to China, well you can see the samples for yourself and do away with the entire sample shipment procedure. 4. Once you are assured about the products that you will import, it is now time for you to find a freight courier that can ship your product from China to India. Some manufacturers may not cover the expenses for shipping; which leaves you to pay for it yourself. Moreover, it is a lot better if you do the arrangement with freight companies yourself so that you are aware of the regulations and processes that your goods will have to undergo. However, if you prefer to lessen your involvement with the entire process and would rather focus on how you could boost your sales, you can always tap agents for help. 5. Once your ordered goods made its way out of China, it will eventually reach India in a matter of weeks. It will arrive in a designated port or airport where it can be inspected by customs officers in India. For a business that imports products from China to India, it is important that they follow the process imposed by its government. The whole import and export procedure is governed by the Foreign Trade Act of 1992 in India. What is Foreign Trade Act of 1992? It is a bill that governs the import and export transactions between India and other countries. The main goal of this regulation is to facilitate a smooth import or export of products to and from India. Today, this regulation was revised with accordance to the EXIM Policy of 2002-2007. Product Transport Concerns

The vessel that is used to transport the goods or products by sea or air to India is only allowed to enter the country through a designated airport or port. As for the goods that are transported by land, the vessel must follow a certain route that is approved by the customs so that it can be processed by the authorities.

The person who is in charge of the transport is required to submit an import report to the customs within 24 hours from arrival at the customs location. The documents that are usually included in this report are as follows:

Breakdown and a detailed overview of the goods that are to be delivered Baggage that are not included in the delivery Information about the transport vessel which includes the crew and the owner

The products and goods are only allowed to be unloaded once the customs approves the shipment after they have reviewed the reports that were submitted to them. In addition to that, unloading of goods is only done under the supervision of a customs officer and only on a designated location. After unloading the imported goods and products, these are left in the customs until the taxes and other related fees are settled.

During the unloading process of the products and goods, the entire package is counted accurately and is tallied one by one. This process ensures that the details indicated in the import report is true, and will warrant insurance if ever the actual quantity transported is lower than what was reported. On the other hand, if the actual quantity of the shipped or transported goods is higher than what was indicated in the report, the person who shipped the products will be penalized by paying a certain amount of tariff; for some, the payment could be doubled. That is why, it is very important to have an accurate measurement or counting of the products and goods that will be shipped to avoid penalties.

Detailed Run Down of the Procedure on How to Import from China to India

1. Bill of Entry Before the shipping procedure starts, a Bill of Entry must be filed by the importer or provider of the goods to be imported. The Bill of Entry that should be filed would vary according to the purpose that the imported goods will serve. It could either be any of the three types of bill which are as follows:

Bill of Entry for Ex-bond Clearance This is a green form that is used when imported goods or products are not immediately cleared by the customs, and is housed in the customs warehouse for safekeeping while its clearance is still on process. This BoE is does not assess the value of the products and goods, but rather keep track of the liabilities once the products are finally taken out from the warehouse. With this, its payment liabilities will be different from the original rate that was determined during the time it entered India, most especially if the products and goods were stored for a long period of time in the warehouse. This bill is also known as the Green bill, because its form is colored Green.

Bill of Entry for Warehousing or Bond Bill of Entry This BoE is used for imported goods that are not immediately needed by the importer and is stocked in the warehouse for clearing and safekeeping. The products and goods are stored with no required payment. The only time the goods will be paid is when the importer already needs it; the importer is required to pay for the safekeeping duties done by the customs. This BoE is a method that can allow importers to defer duty payments. This BoE comes in a yellow form.

Bill of Entry for Home Consumption

This is used when the importer wants the imported products or goods to be delivered straight to their businesss location or to their home. The importer is required to pay in full to have the goods custom cleared once the package arrives in India. This BoE is in White form.

2. Clearance Once the documents are submitted by the importer to the customs, the agents involved in the transport process are assessed and the documents are checked all together. After the customs thoroughly checked the documents against the actual goods that were shipped, the goods will then be released and can enter the country legally.

The BoE submitted by the importing party will be counterchecked against the actual goods in the shipment to ensure accuracy. If there are variances between whats in the form and whats actually there, they will require the importer to reconcile the discrepancies. The BoE can be submitted by the importing party a week before the arrival of the imported goods to the designated location where the customs can check them. Once the Bill of Entry is submitted to the customs, it is forwarded to the appraisal department for evaluation. Afterwards, the BoE is then returned back to the importer for payment. The importer is only given 7 days to settle the payment. If the fee was not settled within the given deadline, 20% interest will be charged on top of the actual amount to be paid.

Importing products from China to India is indeed a lucrative business that is why extensive research and intense involvement is recommended to ensure that you get a reputable supplier and a smooth flowing trade. Doing the process over the Internet may be risky, most especially if you have to pay up front via wire transfer or other means of transferring money offshore. However, doing your homework before hand, will surely lead to a successful importing business.

Overview of Industries in India Industries in India which are opportunities for importing from China have been changing over the years. Much of this is due to the government of India's Import Substitution policy. In order to be self-sufficient, the government wanted India to produce similar or identical goods in its own country rather than relying on imports. Industries such as newsprint, textiles and bicycles which were heavily reliant on imports a half a century ago have shifted more to local production due to the Import Substitution policy. Even though there is a shifting away from imports in certain industries, it does not mean that importing goods to India is no longer a good business venture. The bulk of India's imports are raw materials such as cotton, wool, gems and precious stones. It appears these days that the import of Chinese goods is entering at an aggressive rate. Consumer products such as cigarette lighters, batteries, locks, car stereos, toys, fans, energy saving lamps are flooding the Indian market. Industries in India

Here are some of the largest import categories for India: Machinery

The largest import industry in India is machinery. Much of it is imported from Japan, the United States, England, Germany and Russia. Large heavy machinery such as nuclear reactors and mechanical appliances fall within this category. There is also electrical machinery and equipment which includes sound and television recorders. Transport Equipment

Transport equipment is another large import industry in India. It mainly comes from Britain, Italy, the United States, Germany and Japan. This industry covers items from boats, airplane, automobiles and railroad cars. Jewelry & Stones

Pearls, precious or semi-precious stones/metals; initiation jewelry are significant sources of imports for India. Precious stones often come from America, South Africa, and Belgium. India often imports the raw materials, adds value and then export s them back out of the country. The people of India have a love affair with gold jewelry. Consequently, India is the largest importer of gold in the world. Clocks & Instruments

Although watch consumption in India is low relative to industrialize countries around the world, the import category of instruments & apparatus; clocks & watches; parts and accessories is still quite large. Similar to the situation in western countries, watches are considered to be means of expressing oneself. However, clocks are strictly a utility product. Textiles

The textile industry in India imports raw materials of wool, cotton, silk and manmade materials for further production by its 30+ million textile workers. Finished goods are then exported around the world.

China Export Products - Areas of opportunity by importing from China Apparel

Apparel manufacturing plants are everywhere in China employing millions and millions of workers. China is one of the top exporting countries for Apparel & Textiles and Garments & Textiles. The materials for clothing and accessories such as blouses and pants are often imported from Hong Kong or Taiwan and assembled in China due to low cost labor. These goods are then re-exported to western countries in Europe or to the United States. Top items to look for are Scarves, Gloves, Coats and Jeans. Textiles China is responsible for 90% of the world's silk supply. In addition, it also exports knitted cotton, cotton fabric, wool yarn, linen and fur. Export oriented manufacturing plants are increasing their capacity to take the textiles all the way to finished goods. Footwear Manufacturing footwear is a labor intensive process. With almost 1.4 billion inhabitants, China has just the labor power house to keep turning out millions and millions of shoes. The top list of shoe exports are: athletics shoes, leather and canvas shoes, leather sandals. Machinery and Electronic Parts The export of machinery and electronic parts to original equipment manufacturers has steadily increased over the years. Parts ranged from bearings, parts, chains, and motors. The top machinery export parts are related to the bicycle and the sewing machine. Timepieces China has progress from exporting mechanical watches and clocks to more modern day quartz, and LCD watches. They also export watch parts including bands, and metal casings. Electronics and Electronic Components. China exports capacitors, transistors, transformers and other electronic parts. They also export consumer related goods such as televisions, radios, electronic

games, and telephones. Metals and Minerals The world's largest supply of titanium, phosphate, tungsten and molybdenum are in China. Some of the rare metals: vanadium, gallium, germanium for the aerospace, and electronic industries are also exported. Metal products, hardware supplies and building materials (screws, nuts and bolts, hinges, pipes, lights bulbs), are increasing in demand globally. Toys China with its vast labor force is the assembly plant for much of Hong Kong's toy exports which are dominated by stuffed toys and animals. They are also starting to export the electronic games. Rubber and Plastics Rubber and plastics are raw materials used on China to manufacture finished goods for exporting. Goods such as tires, rubber shoe bottoms, hoses, and belts are common. Arts and Crafts The country's abundant labor force helped to drive the Arts and Crafts export sector. You will see items ranged from flowers, baskets, rugs, to Christmas decorations. Agricultural and Animal By-Products China controls the world's largest Agricultural industry. Although much of the agricultural products are consumed within the country, much of the By-Products such as brushes, leather gloves, leather suitcases, are exported