{"id":23055,"date":"2020-12-30T11:56:06","date_gmt":"2020-12-30T06:26:06","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=23055"},"modified":"2020-12-30T11:56:32","modified_gmt":"2020-12-30T06:26:32","slug":"how-to-setup-a-cocoa-export-business-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/how-to-setup-a-cocoa-export-business-in-india\/","title":{"rendered":"How to Setup a Cocoa Export Business in India"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Are you willing to set up a profitable Cocoa Export Business in\nIndia? You have landed on the right page. This blog will shed some light on the\nlegal obligation for setting up a Cocoa export business in our country. Before\nwe get to our main topic, let us have an outlook on cocoa production and export\nin India.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/how-to-setup-a-cocoa-export-business-in-india\/#Outlook_on_the_Cocoa_Production_and_Export_in_India\" >Outlook on the Cocoa Production and Export in\nIndia&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/how-to-setup-a-cocoa-export-business-in-india\/#Who_are_the_Major_Importer_of_Cocoa_Beans_around_the_World\" >Who are the Major Importer of Cocoa Beans around the World?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/how-to-setup-a-cocoa-export-business-in-india\/#How_to_Set_Up_a_Cocoa_Export_Business_in_India\" >How to Set Up a Cocoa Export Business in\nIndia?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/how-to-setup-a-cocoa-export-business-in-india\/#The_Online_Process_to_Obtain_the_Registration_for_Import_Export_Code_for_Cocoa_Export_Business\" >The Online Process to Obtain the\nRegistration for Import Export Code for Cocoa Export Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/how-to-setup-a-cocoa-export-business-in-india\/#Best_Known_Strategies_to_Ensure_the_Seamless_and_Secure_Shipment_of_Cocoa\" >Best Known Strategies to Ensure the Seamless and Secure Shipment of Cocoa<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/how-to-setup-a-cocoa-export-business-in-india\/#Conclusion\" >Conclusion&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Outlook_on_the_Cocoa_Production_and_Export_in_India\"><\/span>Outlook on the Cocoa Production and Export in\nIndia&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Cocoa is a prime ingredient for chocolate production around the world. In India, <strong>Cocoa<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Cocoa\"><strong>[1]<\/strong><\/a><\/sup> is largely cultivated in the country&#8217;s southern region, such as Kerala, Karnataka, Andhra Pradesh, and Tamil Nadu. The total production of the cocoa till December 2020 stood at 16,050 MT. Andhra Pradesh leads from the front as far as cocoa&#8217;s production volume is concerned in the country. Meanwhile, in terms of cultivating the area, Tamil Nadu secured first place. Kerala has the upper hand on account of production volume per hector. Until now, Kerala&#8217;s productivity accounted for 785kg\/ha compared to the country&#8217;s average productivity of cocoa, which stood at 475 Kg\/ha.<\/p>\n\n\n\n<p>Cocao is an exportable commodity, and it has a mountainous\ndemand around the world. At present, dozens of bigger organizations from\noverseas locations operate in our country as cocoa producers. They are also\nengaged in exporting commodities like chocolates, beans, cocoa powder, and\ncocoa butter to other nations. India&#8217;s export for cocoa in 2020 accounted for\nRs 849 crores in total, which is relatively better than the preceding year&#8217;s\nexport volume.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_are_the_Major_Importer_of_Cocoa_Beans_around_the_World\"><\/span>Who are the Major Importer of Cocoa Beans around the World?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There is a great demand for cocoa beans around the world. At\npresent, India is exporting high-quality cocoa beans to the following\nnations.&nbsp;<\/p>\n\n\n\n<ul><li>Belgium<\/li><li>United State of America <\/li><li>Russia<\/li><li>Netherlands<\/li><li>Japan<\/li><li>Ghana <\/li><li>Switzerland<\/li><li>New Zealand<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Set_Up_a_Cocoa_Export_Business_in_India\"><\/span>How to Set Up a Cocoa Export Business in\nIndia?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The export of edible commodities attracts some mandatory licenses such as FSSAI, APEDA, ISO, IEC, and GST. The following section will provide some crucial briefing on all of them subsequently.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/How-to-Set-Up-a-Cocoa-Export-Business-in-India.png\" alt=\"Required License for Cocoa Export Business \" class=\"wp-image-23071\" width=\"477\" height=\"485\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/How-to-Set-Up-a-Cocoa-Export-Business-in-India.png 985w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/How-to-Set-Up-a-Cocoa-Export-Business-in-India-295x300.png 295w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/How-to-Set-Up-a-Cocoa-Export-Business-in-India-768x780.png 768w\" sizes=\"(max-width: 477px) 100vw, 477px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">FSSAI Food License&nbsp;<\/h3>\n\n\n\n<p>At present, every food business operators in India is required to obtain the <a href=\"https:\/\/corpbiz.io\/fssai-license\"><strong>FSSAI food license<\/strong><\/a> without exception. FSSAI Food License encompasses a broader landscape of edible items, including dairy products, sweets, fisheries products, cereals, meat products, and functional foods. <\/p>\n\n\n\n<p>This license is now mandatory for cocoa business, whose supplies\nare mainly routed to the several counties in the world. Currently, FSSAI offers\n4 types of food licenses in our country, depending on the business&#8217;s nature and\nstature. These include Central, State, Simple registration, etc.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">APEDA&nbsp;<\/h3>\n\n\n\n<p>APEDA is also known as the Agricultural &amp; Processed Food\nProducts Export Development Authority. The primary objective of APEDA is to\npromote the export of scheduled products through various initiatives and\nprograms. The cocoa producer can apply for this license on an APEDA online\nportal. <\/p>\n\n\n\n<p>The amount of Rs 5000 has to be paid by the applicant as the\nregistration fee for this license. The APEDA is mandatory to set up Cocoa\nExport Business in India. Keep in mind that the applicant has to avail IEC in\nthe first place to acquire this license.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">IEC&nbsp;(Import Export Code)<\/h3>\n\n\n\n<p>Import Export Code is issued by the Directorate General of\nForeign Trade. A business engaged with the EXIM business would need to secure\nthis license for shipping products outside the nation. The absence of such a\nlicense mitigates the right of shipping commodities abroad. <\/p>\n\n\n\n<p>To secure this license, the applicant must visit the DGFT online portal and fill on the e-form for the same. The online application will go along with some mandatory documents and requested fees.&nbsp;<a href=\"https:\/\/corpbiz.io\/iec-registration\"><strong>IEC registration<\/strong><\/a> is absolute necessity to establish a Cocoa Export Business in India.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ISO 22000&nbsp;<\/h3>\n\n\n\n<p>Most international buyers worldwide prefer to buy out edible\nitems from ISO 22000 certified entities. It&#8217;s an utmost requirement for an\nentity dealing in the food processing and manufacturing business. Since this\ncertification has global recognition, it&#8217;s not easy to obtain. Having this\ncertification not only exhibits that company is following strict measures to\nensure the utmost quality of their product but also shows their commitment\ntowards their customers.&nbsp;<\/p>\n\n\n\n<p>Now let&#8217;s talk about the most common license required to ship\nthe edible item outside India, i.e. Import Export Code. The section below would\nprovide a complete briefing on the online procedure to obtain this code.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Online_Process_to_Obtain_the_Registration_for_Import_Export_Code_for_Cocoa_Export_Business\"><\/span>The Online Process to Obtain the\nRegistration for Import Export Code for Cocoa Export Business<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In mid-2020, DGFT came up with a new online platform related to\nthe IEC registration. The platform was meant to encounter the basic issues with\nthe registration process. As compared to the previous version, the new platform\nis highly simplified and user friendly. Here&#8217;s what you need to do to get\nonline registration of the Import Export Code.&nbsp;It\u2019s a compulsion for the\nowner of Cocoa Export Business to secure this license. <\/p>\n\n\n\n<ul><li>First, open the DGFT website and click on the &#8220;Apply for IEC&#8221; button located on the home page.&nbsp;<\/li><li>Fill up the blank fields with your personal information in the registration windows, and then click on the &#8220;Send OTP,&#8221; button.&nbsp;<\/li><li>You will receive the One Time Password on your email and phone number that you have entered at the time of registration.&nbsp;<\/li><li>Get back to the home page and then login again. This will give you access to the IEC registration form.<\/li><li>First, enter the detail regarding the ownership type, followed by the bank info. Once done, upload the soft copy of the canceled cheque and then hit the &#8220;Save and Next&#8221; button.<\/li><li>Proceeding further, select preferred sectors of operations followed by Acceptance of Undertaking\/Declaration.<\/li><li>Next, hit the &#8220;Save and Next&#8221; button following by the Sign tab.&nbsp;<\/li><li>Choose the correct method  for form submission, i.e. DSC (Digital Signature Certificate) or Aadhar OTP.&nbsp;<\/li><li>Submit the requested fees as mentioned on the form through the payment gateway.&nbsp;<\/li><li>After submitting the required fee, you can download the receipt as well as the copy of IEC certification.&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Best_Known_Strategies_to_Ensure_the_Seamless_and_Secure_Shipment_of_Cocoa\"><\/span>Best Known Strategies to Ensure the Seamless and Secure Shipment of Cocoa<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>It is advisable for the exporter to figure out standard price in\naccordance with the international market if the export volume of cocoa is\nhigher.<\/li><li>Exporter must ask the buyer to agree to Cash against Documents\n(CAD) for signing any contract. The CAD is the most widely used payment form\namong businesses dealing with international trading of goods.<\/li><li>If buyer is unwilling to opt for the said payment form then\nletter of credit (L\/C) could proof to be handy in such a situation. Even though\nL\/C is a costly affair for the buyer because of ample paperwork, however it still\nstands as a most secured payment option for the exporter.<\/li><li>Do not export goods without agreeing on the terms of payment\nwith the buyers. If possible, use Free on Board terms to minimize the risk\nassociated with the shipment of the product. Under Free on board term, the\nownership of the cargo will be transferred to the buyer at the point of\ndeparture from shipping dock of the supplier.<\/li><li>Exporter may choose to opt out Cost, Insurance, and Freight (CIF)\nfor the cocoa export. The terms under the CIF restrained the exporter and make\nhim accountable for the loss or damages of cocoa beans during transport. On the\ncontrary, if the exporter opts the CIF term, then he\/she would be liable to\nobtain a marine insurance from legitimate company or third-party broker to\nsecure the goods during transport.<\/li><li>Draft a sale contract with the buyer only after agreeing to\nprice, product, and shipment terms.<\/li><li>Nearly every shipping document must consolidate the HS code, aka\nHarmonized system code and IEC number to minimize the time for inspection at\nthe port.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At times, a simple online process could turn out to be a clutter for an applicant. In such a situation, the applicant may either opt to restart the whole process again or left it completely. Fortunately, now you don&#8217;t have to encounter that hardship anymore. The professional at the <a href=\"https:\/\/corpbiz.io\/\"><strong>CorpBiz<\/strong><\/a> knows how to overcome these adversities with a simple and straightforward approach.&nbsp;We can also guide on how to set a profitable Cocoa Export Business in India.  <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/important-prerequisites-to-considers-for-the-export-of-fmcg-product-from-india\/\">\nImportant Prerequisites to considers for the Export of FMCG Product from India\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you willing to set up a profitable Cocoa Export Business in India? You have landed on the right page. This blog will shed some light on the legal obligation for setting up a Cocoa export business in our country. Before we get to our main topic, let us have an outlook on cocoa production [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":23058,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[165],"tags":[1372],"acf":{"service_id":"16"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":5305,"readingTime":5,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/23055"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=23055"}],"version-history":[{"count":14,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/23055\/revisions"}],"predecessor-version":[{"id":23073,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/23055\/revisions\/23073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/23058"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=23055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=23055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=23055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}