Tax: up to 30%
Duties: up to 25%
Restricted items: Wireless goods
Non-working days: Saturday, Sunday, and Public Holidays
Lead times: 4-5 weeks
Best Carrier option: Freight Forwarder or Courier
Prominent Languages: Hindi and English
The Complexities of Importing into India
India is home to a number of large IT companies such as Infosys, Winpro, and Mindtree. There are also several key datacentres located here, including those for Ctrls, Airtel, and Yotta. Most of these are in Bengaluru, known as the Silicon Valley of India. In 2017 India was named the top sourcing destination for the IT industry. India is also prominent in the medical world, housing Sun Pharma. Although an immensely popular destination for both imports and exports, there are a number of considerations one must take when shipping goods in or out of India. For instance, goods are often subject to revaluation at customs. The result of revaluations is often changing in costs, which can have dire consequences for profit margins. There are also restrictions on wireless goods requiring specific permits. These can take up to 6 weeks to source resulting in long lead times. Despite the prominence of trade India remains a 3rd world country and is considered a fairly high-risk lane. It is therefore important to investigate comprehensive liability cover for your goods.
How TecEx Can Help You Import into India
TecEx can handle almost any scenario. From EPR to E-waste, second-hand goods, or third-party exporting, we will tailor our IOR and EOR service to your exact need. Our extensive experience dealing with customs in all 200+ destinations that we service positions us as true leaders of our industry. We pride ourselves on our ability to accurately predict costs, providing accurate fully landed quotes in record time. Our no-top-up policy and stringent pre-compliance checks mean you can rest easy in the knowledge that your profits are safe, even if revaluation occurs. We also have extensive experience in sourcing difficult documentation. Once you accept your quote our team of professionals will jump to action starting the sourcing process to get your goods delivered in the fastest time possible.
We do not just offer a holistic tailor-made DDP service, TecEx is also able to offer the most comprehensive liability cover on the market. We make sure your goods are safe and you are covered from the word “go” to final delivery.
Click here to learn more about what to expect when shipping into Asia
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