Counsel
Ask an expert!
Legal, accounting and compliance advice from qualified professionals.
Wazzeer Professional Network
ProfessionalI would like to import goods and establish an outlet here in Delhi, Can you explain the compliance involved?
I AM THINKING TO START THE IMPORT OF SOME PLASTIC AND RUBBER ITEMS AND SELL THEM AS AN INDIVIDUAL. DO I NEED TO REGISTER AS FIRM., WHAT ALL LEGAL FORMALITIES ARE TO BE COMPLETED BEFORE STARTING AND WHAT ALL DUTIES AND TAXES ARE TO BE PAID APART FROM SHIPPING CHARGES. INITIALLY IT WILL BE IN SMALL QUANTITY (MAX NO OF ITEMS 20 IN NO ) IF THINGS GO IN FAVOR THEN THE IMPORT QUANTITY MAY GO FURTHER.
-
Wazzeer Professional Network
ProfessionalSince you are an individual, you can start as a proprietorship. You will not need any registration for the entity for this, however, you will need other post incorporation and taxes registrations. These are applicable depending on your nature, scale and location of business. These generally include PAN, TAN, VAT, Shops and Establishment, Professional Tax etc. For importing of goods you will need to obtain an Import Export Code (IEC). A simple registration process will get this for you. Post this, you can proceed with your business.about 5 years ago
View answer
I would like to import goods and establish an outlet here in Delhi, Can you explain the compliance involved?
I AM THINKING TO START THE IMPORT OF SOME PLASTIC AND RUBBER ITEMS AND SELL THEM AS AN INDIVIDUAL. DO I NEED TO REGISTER AS FIRM., WHAT ALL LEGAL FORMALITIES ARE TO BE COMPLETED BEFORE STARTING AND WHAT ALL DUTIES AND TAXES ARE TO BE PAID APART FROM SHIPPING CHARGES. INITIALLY IT WILL BE IN SMALL QUANTITY (MAX NO OF ITEMS 20 IN NO ) IF THINGS GO IN FAVOR THEN THE IMPORT QUANTITY MAY GO FURTHER.
-
Wazzeer Professional Network
ProfessionalSince you are an individual, you can start as a proprietorship. You will not need any registration for the entity for this, however, you will need other post incorporation and taxes registrations. These are applicable depending on your nature, scale and location of business. These generally include PAN, TAN, VAT, Shops and Establishment, Professional Tax etc. For importing of goods you will need to obtain an Import Export Code (IEC). A simple registration process will get this for you. Post this, you can proceed with your business.about 5 years ago
Looking to hire a professional from our handpicked community?
Explore our services, submit your request and let us do the rest for you.