{"id":33013,"date":"2021-07-16T11:59:24","date_gmt":"2021-07-16T06:29:24","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=33013"},"modified":"2021-07-17T22:52:33","modified_gmt":"2021-07-17T17:22:33","slug":"grow-your-business-by-importing-goods-from-china","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/grow-your-business-by-importing-goods-from-china\/","title":{"rendered":"Grow your Business by Importing Goods from China"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The Indian e-commerce landscape has been thriving at a rapid rate in recent years. Consequently, various web-based sellers &amp; manufacturers have started shipping Goods from China. China has a vast pool of manufacturers of various goods, thus, importing from China seems to be a viable option for Indian entrepreneurs. But, there are various legal implications and conditions that businesses have to fulfill for importing goods from China. <\/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\/grow-your-business-by-importing-goods-from-china\/#Legal_Implications_for_importing_Goods_from_China\" >Legal Implications for importing Goods from China<\/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\/grow-your-business-by-importing-goods-from-china\/#Trending_products_to_Ship_from_China\" >Trending products to Ship from China<\/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\/grow-your-business-by-importing-goods-from-china\/#Key_Tips_for_Shipping_Goods_from_China\" >Key Tips for Shipping Goods from China<\/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\/grow-your-business-by-importing-goods-from-china\/#Typical_Documents_required_for_importing_goods_from_China\" >Typical Documents required for importing goods from China<\/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\/grow-your-business-by-importing-goods-from-china\/#Steps_to_Import_Goods_from_China\" >Steps to Import Goods from China<\/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\/grow-your-business-by-importing-goods-from-china\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Legal_Implications_for_importing_Goods_from_China\"><\/span>Legal Implications for importing Goods from China <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The first step in knowing the\nimporting procedure is to understand the legal implications and documentation\nneeded for importing. This will help entrepreneurs omit unnecessary delays in\nthe importing process. Let us walk you through different licenses and\ndocumentation that are mandatory for shipping products from China. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Business Registration&nbsp;<\/h3>\n\n\n\n<p>Before shipping or exporting to\nChina, you need to legalize your company in India via proper registration. Any\ncompany that engaged with EXIM business must have a legit registration with\nMCA. Following are the business structures available to the new business at\npresent. <\/p>\n\n\n\n<ul><li>Sole Proprietorship Firm&nbsp;<\/li><li>Partnership Firm<\/li><li>Limited Liability Partnership&nbsp;<\/li><li>Private Limited Company<\/li><li>One Person Company&nbsp;<\/li><\/ul>\n\n\n\n<p>Business registration seeks filing of multiple forms &amp; drafting of legal documents. Consequently, most entrepreneurs rely on reputed service providers to address their registration formalities. Small errors occurred while form filing or uploading documents can incur unnecessary delays and hassles. Hence, it is wise to hire a trusted legal avenue to serve such delicate formalities. <\/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\/how-to-get-iec-code-in-india\/\">How to obtain IEC Code in India <\/a><\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Tax Registration<\/h3>\n\n\n\n<p>Once\nyou addressed the registration formalities, the next step is to get registered\nunder<\/p>\n\n\n\n<p>Income\ntax department. Doing so let you pay your mandatory taxes and file return in a<\/p>\n\n\n\n<p>timely manner on the annual basis. From the Indian law standpoint, eligible entities<\/p>\n\n\n\n<p>must\nregister under the GST regime by applying on the GST portal. <\/p>\n\n\n\n<p>Once it is done, you will get a TIN which lets you pay taxes on\nthe imported goods. Certain states need a Security Deposit from you to make\nsure that the business will operate in the way mentioned. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Avail Import Export Code Registration<\/h3>\n\n\n\n<p>Once you avail of the <a href=\"https:\/\/corpbiz.io\/gst-registration\"><strong>GST registration<\/strong><\/a>, you must proceed to the official portal of the Director-General of Foreign Trade to apply for the IEC code. This code cum license is mandatory for importing goods from China or any other nation. To avail of such a code, your establishment will need to open a current account in a designated bank. <\/p>\n\n\n\n<p>The entire process of availing of the <a href=\"https:\/\/corpbiz.io\/iec-registration\"><strong>Import-Export code<\/strong><\/a> is now online. Therefore, you will need a DSC, i.e. Digital Signature Certificates for your active directors. IEC is a 10 Digit code granted by the DGFT that enables the entities to engage with EXIM business. <\/p>\n\n\n\n<p><em><strong>You will require arranging the following document to apply for IEC registration: <\/strong><\/em><\/p>\n\n\n\n<ul><li>Company PAN card&nbsp;<\/li><li>Identity as well as the address\nproof of all partners\/ directors<\/li><li>Bank account statement<\/li><li>Banker certificate reflecting\nthe applicant\u2019s credibility<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trending_products_to_Ship_from_China\"><\/span>Trending products to Ship from China <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Selecting the right products is the key to success for any\nbusiness. Hence, make sure you opt for products that are high in demand and\nhave optimal competition. Some of the trending products to ship from China are\nas follows: <\/p>\n\n\n\n<ol><li>Apparel &amp; textiles<\/li><li>Auto spare parts<\/li><li>Smartphone components<\/li><li>Electronics<\/li><li>Pharmaceutical products<\/li><li>Smart TVs<\/li><li>Heavy machinery<\/li><li>Organic fertilizers<\/li><li>Plastics<\/li><li>Consumer products<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Tips_for_Shipping_Goods_from_China\"><\/span>Key Tips for Shipping Goods from China <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Always anticipate delays and schedule the timeline accordingly to maximize overall efficacy. The key here is to avert inherent and unexpected delays as much as possible. <\/li><li>Make sure you opt for a reputed freight forwarder partner who has a proven track record in the shipping line. Avoid selecting the cheapest counterpart for the sake of increased ROI. Prefer a service provider who assures seamless operations at economical prices.<\/li><li>Constantly monitor your shipment and make the relevant arrangement for its arrival well before to avert delays and mishaps. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Typical_Documents_required_for_importing_goods_from_China\"><\/span>Typical Documents required for importing goods from China <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Businesses engaged with Exim business need to have several documents in place to stay in the complaint. Most entities prefer connecting with legal service providers and third-party accounting to address the paperwork. The list below reflects the common documents that you must arrange for importing products from <em><strong>China<\/strong><\/em><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/China\"><em><strong>[1]<\/strong><\/em><\/a><\/sup> <\/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\/2021\/07\/Documents-required-for-importing-goods-from-China.png\" alt=\"Documents required for importing goods from China \" class=\"wp-image-33027\" width=\"465\" height=\"465\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/07\/Documents-required-for-importing-goods-from-China.png 998w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/07\/Documents-required-for-importing-goods-from-China-150x150.png 150w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/07\/Documents-required-for-importing-goods-from-China-300x300.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/07\/Documents-required-for-importing-goods-from-China-768x769.png 768w\" sizes=\"(max-width: 465px) 100vw, 465px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Steps_to_Import_Goods_from_China\"><\/span>Steps to Import Goods from China<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The viable way to ship goods from China would be connecting with\nreputed Shipping companies like AliExpress. Here\u2019s what you need to do for\nshipping goods from China via an electronic mode<\/p>\n\n\n\n<ul><li>First, identify the demandable products after thorough research <\/li><li>Once you select an apt product category, discover the market to identify trustable and credible manufacture or suppliers for it. You can access the services of Alibaba KKTDC and Made-in-China to identify the right suppliers. <\/li><li>Next, get in touch with the supplier and draw a deal with them by fixing price, quantity, &amp; shipping frequency. <\/li><li>Since you will be pouring in considerable money in importing, start with ordering a few samples rather than a big lot to ensure the product quality. These samples will let you measure shipment time, custom requisites, and possible delays. <\/li><li>Once you tie-up with a\nsupplier, get accustomed to prevailing laws and regulations to ensure you have the\nright set of documents at your disposal. Moreover, visit the DGFT portal to\ncheck the legitimacy of importable products that you intended to ship from\nChina. Knowing the list of restricted items will keep you isolated from severe\npenalties imposed by the customs and other governmental authorities<\/li><li>Next, get in touch with a\nfreight forwarder or NVOCC to administer your shipments. Also, do not forget to\ncoordinate with custom agents to manage the legal documents linked to the\nimportation of goods. <\/li><li>Once you secure a list of\nproducts and suppliers, get the pinpoint estimation on the landing cost of the\nproduct. Make sure to take shipping charges and customs duty into account while\ndoing the same. If your landed cost surpasses the projected expenses, identify\nother suppliers or carries who offers affordable services <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The liberalization of trade has allowed many businesses to conduct seamless cross-border trade and earn more revenue. For years China has remained a center stage of global trade for many businesses across the globe. Importing goods from China would be a good choice for anyone who seeks to secure a good profit margin under immense competition. <\/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\/advantages-of-iec-registration-in-india\/\">Advantages of Obtaining IEC (Import Export Code) Registration in India <\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian e-commerce landscape has been thriving at a rapid rate in recent years. Consequently, various web-based sellers &amp; manufacturers have started shipping Goods from China. China has a vast pool of manufacturers of various goods, thus, importing from China seems to be a viable option for Indian entrepreneurs. But, there are various legal implications [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":33043,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[165],"tags":[1864],"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":3208,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/33013"}],"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=33013"}],"version-history":[{"count":27,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/33013\/revisions"}],"predecessor-version":[{"id":33129,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/33013\/revisions\/33129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/33043"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=33013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=33013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=33013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}