How to Start an explained: this guide covers what it means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.
Starting an import-export business needs a few registrations and market groundwork. Here is a step-by-step guide.
Steps to start
- Register a business entity and get PAN and GST
- Obtain an IEC from the DGFT
- Get an RCMC from the relevant export promotion council
- Open a current account and set up banking for forex
Operational setup
- Identify products and target markets
- Find suppliers/buyers and negotiate terms
- Arrange logistics, customs clearance and payment terms
Note
Understand HSN classification, duties and export incentives to price competitively.
Frequently Asked Questions
How do I start an import-export business?
Register the entity, get PAN/GST and an IEC, obtain an RCMC and set up banking.
Is an IEC mandatory?
Yes — an IEC is required for import/export from India.
What is an RCMC?
A Registration cum Membership Certificate from an export promotion council.
What else should I plan?
Products, markets, suppliers/buyers, logistics and payment terms.
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