🚀 Kerala Export-Import Roadmap
A step-by-step guide to launching your Exim business from Kerala.
1. Entity Registration
- Proprietorship/Partnership/Pvt Ltd: Register your company.
- PAN Card: Essential for all financial transactions.
- Bank Account: Open a Current Account exclusively for business.
2. Government Licenses (DGFT)
- IEC Code (Import Export Code): Apply online via the DGFT portal.
- RCMC (Registration Cum Membership Certificate): Register with the relevant council (e.g., Spices Board for spices, Coir Board for coir products).
3. Tax & Customs Setup
- GST Registration: Mandatory for export goods (LUT Bond can be filed for tax exemption).
- AD Code (Authorized Dealer Code): Register your bank’s AD Code with the Customs Port (e.g., Cochin Port) for transactions.
4. Product & Market Selection
Identify high-demand products from Kerala:
- Spices: Cardamom, Pepper, Ginger.
- Marine: Frozen fish, shrimp (requires MPEDA registration).
- Coconut/Coir: Coir mats, coconut oil.
- Target Markets: UAE, USA, Europe.
5. Logistics & Shipping
- CHA (Customs House Agent): Hire a reliable CHA in Cochin/Chennai to handle customs clearance.
- Freight Forwarder: Negotiate rates for Air or Sea cargo.
- Incoterms: Decide on terms (FOB, CIF, Ex-Works) with your buyer.
6. Documentation & Banking
- Commercial Invoice & Packing List: Prepare accurate drafts.
- Bill of Lading / Airway Bill: Proof of shipment.
- BRC (Bank Realization Certificate): Proof that foreign currency has reached your bank (Crucial for claiming export benefits).