A Step-by-Step Guide to Exporting Goods from India
If you've ever considered venturing into the exciting realm of international trade by exporting goods from India, you're in for a rewarding yet complex journey. In this comprehensive guide, we'll take you through the intricate process step by step, helping you establish a robust foundation and execute successful exports. 1. Preparing for Export 1.1 Establish an Organisation Before embarking on your export journey, lay a strong foundation by registering your company with the regional Micro, Small, and Medium Enterprises (MSME). This not only provides stability but also opens doors to various benefits and subsidies. 1.2 Open a Bank Account In the world of international trade, money matters. Secure a current account for foreign exchange transactions, a vital component for seamless export operations . 1.3 Obtain Permanent Account Number (PAN) Your 10-character alphanumeric PAN is more than a tax identifier; it's a mandatory element for all financial transactions and ser