India imports a vast and versatile range of things from her neighboring countries including Nepal, Bangladesh, Afghanistan, Pakistan and Myanmar. The import from Nepal includes carpets, textile, beverage, plastic and tea. On the other hand, import goods from Bangladesh are mostly textile, apparel, fish, nuts and fruits. Afghanistan is another major exporter for India and the country’s import from Afghanistan are dry & fresh fruits, spices, medicinal herbs, oilseeds and so on. Then, Myanmar is one of the biggest suppliers of wood for India. Besides, Import from Myanmar includes spices, human hair, vegetables etc. India is a big importer for Pakistan and the country sources mostly petroleum oil, cotton, dates, fig and many other food items as import Goods Pakistan.
Import by land is usually one of the most common modes of import especially when the country of export is a neighboring country. Besides, cargo import by rail or truck is any day more cost-effective than cargo by air or ship. The post below offers a brief on how to import from Pakistan or the other countries mentioned above by land. Get the IEC Code
The IEC (Importer Exporter Code Number) code is a must for every importer in India whether he imports goods from Nepal or from any other country in the world. The IEC number is issued by DGFT (Directorate General of Foreign Trade)- the chief authority for all matters regarding export & import in India. Your PAN code is required to receive the issuance of the IEC Code.
What goods to import?
Are you planning to resell the imported Goods South Myanmar or imports from other neighboring nations in that case? Well, then, your first task is to decide on the type of goods that will be most suitable for your commercial venture. The blueprint will be helpful in identifying the most suitable exporter as well as the supplier of Import from Bangladesh or other countries.
Be careful of special permits and restrictions
There are certain goods that call for special permission or license while importing them to India-
- Licensed goods- plants, seeds, precious & semi-precious gems, animals, insecticides, chemicals and pharmaceuticals as well as a few electronic items.
- Canalized goods- veggies, grains, pharmaceuticals or petroleum products, you will need the special permit.
- Prohibited items- animal rennet, wild animals, unprocessed ivory and tallow fat.
Calculate costs
You have to calculate Incoterms and landed cost beforehand. Calculate the following three together:
- The product price from the supplier
- Delivery charges from freight forwarding firm
- Charges pertaining to customs clearance, associated duty and tax as well as land transport
Calculate costs
The next step is to place the order with your supplier. He will arrange for the cargo transport by truck or rail for imported Goods Afghanistan or from other neighboring nations. Your supplier will arrange for cargo transportation. Consult a credible freight forwarding country like Quick Lift Logistix to get your goods delivered to you safely.
Know about customs clearance
As a conscious citizen of India, you must know that your import from Bangladesh or from any other country has to pass through customs clearance. After the cargo arrives at India, the goods will be unloaded at India’s custom-bonded area by the carrier. Then, all the customs import processing will be carried out before the goods are delivered to the importer. As an Indian importer, you will require to seek 3 levels of permission for import clearance. These include Permission from Indian Custom Authorities as well as Permission from goods carrier & permission from cargo custodian. You can carry out the customs clearance formalities yourself or else can hire a broker. If you can get a reliable and experienced broker here, he will take care of all the legwork for you. According to experts, you must stay prepared with all the required documents for customs clearance. These include:
- Bill of Entry
- Your import license
- Commercial Invoice of the products
- Bill of Lading
- Purchase Order or Letter of Credit
- Technical literature if required for some specific goods
- Industrial license, in case, needed
- Test report
- RCMC, if any
- Duty benefits certificate
- DGFT declaration
When you are importing by land, you will get some time to gather these documents before the goods reach the custom-bonded region. Make sure to carry both the photocopy and the original of each document for a smooth clearance procedure. Finally, after everything is cleared, you will only need to receive goods at your specified destination.