Importing from China & selling online In India – Deal, no deal?
Thanks to the affordability of Chinese products, importing and selling them in India, US and other countries is considered a very profitable business. One can read many success stories of people across the world that make their living by importing from China and selling in their own country. So if you are an Indian Online Seller thinking about importing in bulk from China and selling in India, read below to understand the nitty-gritty. Basic requirements The basic legal requirements for importing goods are: Registered Company Active Bank Account Import-Export Code (IEC) TIN number Additional certificates are required if you are importing certain goods. For example, for product categories that fall under automobile tires, cement, dry cell batteries, electrical household appliances, food products, LED lights & fixtures, medical equipments, steel tubes, wire & cables, and few electronic products, BIS (Bureau of Indian Standard) Product Certificate is mandatory. A...