Now that we’ve seen what are some of the famous leather products that are always in demand in the international market. Let's take a look at the quick steps on how to export leather goods from India.
1. Set up an export company: If you’ve selected your product, then register your company name and have it set up physically for commencing the import-export business. The company must be registered under DGFT to adhere to the export policies of India.
2. IEC number: The company must apply for this number to export goods from India.
3. License and Quota: Company needs to apply for an export license from the Government of India through the Export Trade Control Authority. It also sets precedence on the permitted quantity of goods that can be exported.
4. Payment and Delivery terms of the agreement: The exporter and the international buyer must sign an agreement to ensure payment terms, e.g. letter of credit or monthly payout, etc., and delivery agreement is in place.
5. Order and Invoice process: Invoice must be prepared for the export order. Documentation for the export process is quite extensive, so ensure to have that in place.
6. Export customs clearance: Exported goods must clear customs in the buyer’s country, and the supporting documentation will ensure this is done smoothly.
7. Shipment: Shipping involves bill of lading, bank documentation and other important aspects to be adhered to in exporting goods.
Exporting goods from India is quite a seamless procedure, provided all the regulations by the trading authority are followed. There are extensive documents involved, but it can be quite an easy ride for your quality leather products to reach overseas once they are in place.