How do I start exporting from India for the first time?
Step 1: Get IEC (Import Export Code)
Apply online at dgft.gov.in. Cost: Rs 500. Time: 3–7 working days. Required documents: PAN card, Aadhaar, cancelled cheque, business address proof. IEC is mandatory for all exporters.
Step 2: GSTIN + File LUT
If GST registered, file a Letter of Undertaking (LUT) annually on the GST portal (Form RFD-11). This allows you to export without paying 18% IGST, improving cash flow significantly. LUT is free and valid for one financial year.
Step 3: Find Buyers
Register on BookMyPartner's Import-Export section. Other channels: IndiaMART, Alibaba, Made-in-China, direct LinkedIn outreach to procurement managers, and trade fairs (IHGF Noida, India International Trade Fair Delhi).
Step 4: Price Your Product Correctly
Export pricing uses Incoterms. For beginners, start with FOB (Free on Board). Use our Export Costing Calculator to calculate FOB, CIF, and CFR prices including all charges.
Step 5: Find a CHA
Hire a Customs House Agent (CHA) at your nearest port for customs clearance, shipping documentation, and compliance. CHA charges: Rs 3,000–15,000 per shipment depending on cargo.
Export Benefits from India
RoDTEP (0.5–4.3% of FOB value), Advance Authorisation for duty-free inputs, EPCG scheme for capital goods at zero duty, and Interest Equalisation on export loans (3–5% per annum).