Export and Import process stands as a significant step to the entrepreneurs trying to gain some business overseas. Secondly, the benefit lies in the development of country by boost of the economy. Specifically glancing on the export process, it should be acknowledged in depth, by all the businessmen to avoid any hassles during their export of goods. Custom clearance process in India is time consuming and requires a lot of documents. So, all the exporters planning to export the goods should have some time prior to do the required preparations. Given below is the detailed custom clearance procedure which is to be followed when exporting the goods from our country to overseas –
1. Business Identification number – Once you wish to export your items/ goods, the first requirement is the BIN or business identification number. It must be obtained from Director general of foreign trade (DGFT). Additionally, the businessmen should get themselves registered from a verified foreign exchange organization or a dealer.