I WOULD LIKE TO IMPORT ELECTRONICS FROM FOREIGN COUNTRIES AND SELL IT TO CLIENTS IN INDIA. WHAT ARE THE STATUATORY REGUALTIONS AFFECTING THIS BUSINESS?
VINUKARAYIL@GMAIL.COM (PROPERITOR) (25 Points)
18 August 2011I WOULD LIKE TO IMPORT ELECTRONICS FROM FOREIGN COUNTRIES AND SELL IT TO CLIENTS IN INDIA. WHAT ARE THE STATUATORY REGUALTIONS AFFECTING THIS BUSINESS?
praveen
(Chartered Accountant)
(6971 Points)
Replied 18 August 2011
If you need to get into the business of importing something and selling in India, first of all you will need to register the following
Regards
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VINUKARAYIL@GMAIL.COM
(PROPERITOR)
(25 Points)
Replied 18 August 2011
I WOULD LIKE TO BEGIN THIS BUSINESS AS A SOLE PROPERITOR. I LIVE IN CHENNAI. WHAT ARE THE STEPS I SHOULD TAKE SEQUENTIALLY?
praveen
(Chartered Accountant)
(6971 Points)
Replied 19 August 2011
I hope you have a PAN, if not apply for one first because that is an independant step (Around 15 - 20 days)
Then apply for VAT registration and obtain VAT certificate (1 month)
Next open a bank account (current) with a well known bank
Apply for IEC
By this time you will be ready to import.
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