Dry fruit is considered the powerhouse of nutrients. As the name suggests, these fruit comprised of negligible water content. The dry fruits in our country are available in various forms such as dates, raisins, cashew, almonds apricot, and so on. However, out of these only three are available in the ample volume: Cashew nuts, Raisins, and Almonds, etc. In this blog, we would look into the legal aspect of Dry Fruit export from India.
An Overview of Dry Fruit Export from India
The states like Jammu and Kashmir, West Bengal, Karnataka, Maharashtra, Tamil Nadu, Himachal Pradesh, and Haryana are the primary producers of dry fruit in India.
The dry fruit such as dates, raisins, almonds, cashew, and apricot has a sustainable demand in the overseas market.
Before commencing the export business of any product in India, it is a must to have an import-export code. It is a ten-digit which is granted by the Directorate-General of Foreign Trade (DGFT) India. The Import Export Code is practically non-renewal in nature, which means it will serve the business through its lifetime.
Where Does India Stand in the Dry Fruit Export Business?
India exports high-quality dry fruit to over 82 countries. In the preceding financial year, our country has earned around 4.63 million dollars from exporting dry fruit. In terms of volume, the country has shipped around 18330310 metric tons of dry fruit to the overseas destination.
In the financial year 2018, the volume of the exported dry fruits stood at 915180 metric tons. The figures give the inclination that India holds immense potential for dry fruit export. The improving figure would let more exporters get on board in the upcoming years.
List of Important Registrations and Requirements Intended for Export of Dry Fruit export from India
Following are the government-based registration that one would need before setting up a dry fruit export business in India
Do not make the mistake of perceiving company registration as a burden. It is extremely important if you ever thought of running a successful business house for a prolonged period. Company Registration not only legalizes your business from the ground up but also helps in improving credibility overtime. Head over to CorpBiz if you need one now.
APEDA registration is compulsory for the entire individual who wishes to engage with Dry Fruit Export business in India. However, one has to avail of the IEC registration in the first place to obtain this license. The applicant seeking APEDA registration has to submit the web-based application within one month from the date on which the business becomes active. Below is the list of the schedule product that comes under the APEDA Act, 1985.
- Meat and Meat Products
- Poultry and Poultry Products
- Dairy Products
- All types of Chocolates
- Bakery Products, Confectionery, and Biscuits
- Alcoholic and Non- Alcoholic Beverages
- Cocoa and products of Cocoa
- Cereal products and Cereal
- Papad, Chutney, and Pickle, and
- Herbal and Medicinal Plants
- Walnuts, Peanuts, and Groundnuts
- Guar Gum
- Honey, Sugar, and Jaggery Products
- Floriculture and Floriculture Products
Company PAN Card
It a must-have requirement for the taxpaying entity. Company PAN Card usually comprises a ten-digit alphanumeric code and it serves as an identification proof for several purposes. One can visit the NDSL portal to fill an application regarding Company |PAN card.
Open Bank Account
The bank details remain the apparent prerequisite for registering any business form in India. The bank details generally include the IFSC code, branch name, and Account holder’s name.
IEC (Import Export Code)
This is what you need in order to ship your product abroad. The IEC code is mandatory for exporting business and one can avail of it through the DGFT website.
FSSAI Food License
FSSAI Food License is generally obtained by the food business operators in India. Nearly every food establishment in the country has to mandatorily get this license. It also covers those who are engaged with the business of dry fruit export.
FIEO Registration (Federation of Indian Export Organization)
FIEO is an abbreviated term of Federation of Indian Export Organization. It is an apex body that was established with an aim to encourage exporters across the country by implementing export-oriented schemes in view of Foreign Trade Policy (FTP).
To avail FIEO registration, one has to visit the official portal of Federation of Indian Export Organization and download the application for the same. The application will goes along with the copy of some mandatory documents such as IEC certificate, SSI Registration Certificate, ID proof, and balance sheet reflecting the export of the company for past three years.
MSME certification is granted to that business house which is willing to explore the benefits of government schemes or wish to obtain credit with minimum of hassles. MSME certification would an added advantage for anyone who wishes reaps credibility in the both domestic and global market. You can visit the online portal of Udyog Addhaar Registration to make an online application for the MSME Certification.
Certificate from IIFT (Indian Institute of Foreign Trade)
Indian Institute of Foreign Trade is a renowned government-based educational house that provides diverse certification courses related to international trading. For this certificate, you have to attain some academic sessions with the institute for the duration of four month. Though it is not mandatory for you to get this certificate, it would act an added advantage for your business.
Trademark certificate become mandatory in case where you want to protect your shipped product labeled with your brand name against any act of infringement and violation of Intellectual Rights. Such a certificate would keep you abreast of brand pirates and allow you sell the product worldwide with a piece of mind. There is a deliberate process for obtaining trademark registration in India. If you wish to avail this certificate with minimum of hassle then talk to our experts with any second thought.
International Organization for Standardization: ISO -9001
ISO 9001 I has remained epitome for the companies who wishes to attain excellence in the quality management system. This is not something you can obtain overnight. The ISO 9001 has set out some stiff criteria for quality management system and it’s primarily focuses on the improvement of the products and services. Having this certificate will set you apart from competition and let you earn more credibility overtime in the international market.
EXIM Membership of the ICC (Indian Chamber of Commerce)
EXIM membership of the chamber is granted by the Indian Chamber of Commerce (ICC). The objective of the ICC is to work in tandem with its registered members and broadens the scope of international trading to maximize the exporter’s profit. EXIM membership of chamber possesses a global recognition and it helps businesses to grab export order from overseas location.
Membership Certificate from Trade Promotion Council of India
TPCI is an apex trade promotion organization that works under the canopy of Foreign Trade Policy (FTP). The primary objective of this platform is to create investment and trade opportunities for the business by indentifying the new market. The application for Membership Certificate is available for the exporter on the website of Trade Promotion Council of India.
What is the Online Procedure for Obtaining IEC Registration to Export Dry Fruits from India?
On 13th July 2020, the Directorate General of Foreign Trade (DGFT) came up with a new online platform for the issuance of IEC registration. The section below would let you complete the registration process for the Import Export Code with ease.
- First, navigate to the DGFT website with the help of the following URL
- On the home page, you were required to click on the tab called “Apply for IEC”.
- This will redirect you to the page which encloses some blank fields.
- Now you are supposed to provide some basic information such as Name, Email ID, contact number, place where you reside.
- After entering the required info, tap on the option called “Send OTP,”. After this, portal will send the One Time Password on your contact number and email id.
- Visit the home page and complete the login formalities. Now, you would get access to the web-form of IEC registration.
- Select the right owner category from the given options
- Director / Partner / Karta / Proprietor / Managing Trustee of the Entity.
- Then, completes the bank details and upload the soft copy of the canceled checkbook and click on Save and Next” button.
- Select Preferred sectors of operations> Acceptance of Undertaking/Declaration>”Save and Next” button.
- Lastly, tap on the “Sign” button located at the lower part of the page.
Then choose the mode of submitting the form i.e., either through Aadhar OTP or DSC (Digital Signature Certificate). After that, you need to complete the payment formalities against the submitted form. The application for IEC registration is capped at Rs 500. The payment can be done on the portal itself. After completing the payment requirement, do not forget to download the receipt.
In addition to that, you can also download the IEC certificate from the option called “Print Certificate” located in “Managing IEC” listed on the DGFT website.
Dry fruit export in our country is subjected to certain legal obligations. The information above has made it obvious that the Import Export Code is compulsory for shipping products abroad. Though IEC is mandatory, it offers several productive benefits to the exporters dealing with Dry Fruit export from India. Connect with the Corpbiz associates for availing IEC registration with a minimum of paperwork.