In the world of export-import, each shipment counts. And you cannot afford to make any “uninformed investment”. So, if you have any doubt or a question, ask us. Our team of experts at The Dollar Business Intelligence Unit will be happy to answer your queries. Your question(s), if approved, will also be published on www.thedollarbusiness.com, and/or in the forthcoming issue of The Dollar Business

I want to export medicines to Vietnam from India. What steps do I need to follow? Do I need to register my products before exporting? If yes, what is the procedure? [Kishan Modi, Partner, Krishna Import Export Pvt. Ltd., +91-7878356XXX, [email protected]]

Dear Kishan: We are delighted to know that you want to join the fast growing community of pharmaceutical exporters from India. For exporting active pharmaceutical ingredients (APIs) to Vietnam, you will need to register your company with Vietnam’s Ministry of Health (MOH). The registration process takes about 5-6 months to complete if all documents are in order and have been accepted by Vietnam’s Ministry of Health. Once the registration is complete, Vietnam’s Ministry of Health will issue a license for conducting operations in medicines and raw medicinal materials in Vietnam. This license is valid for five years. The license ensures smooth exports and the customers are assured of the company’s credibility in terms of Good Manufacturing Practice (GMP) compliance and regulatory accreditation. We will be glad to help you with more information should you need the same.

Response by: Satish Wagh Chairman, Chemexcil

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I want to import HR steel coil. Is customs duty on imports from South Korea lower than other countries due to India-Korea CEPA. Also, could you please provide me details on Minimum Import Price (MIP), anti-dumping duty and Bureau of Indian Standards (BIS) certification for the same. Further, how much do I have to pay to government as import duty and taxes? [Rahul, Partner, Ganpati Steel, +91-9313361XXX, [email protected]]

Dear Rahul: Hot-rolled steel coils are imported under various HS Codes. The minimum import price (MIP) and anti-dumping duty vary from variant to variant. Let us assume you want to import hot-rolled steel coil that falls under ITC HS Code: 72081000. The Basic Customs Duty on this product is 12.5%. An additional 3% education cess is also levied, bringing the total tax incidence to 12.875%. Sadly, the product is not eligible for preferential tariff under India-Korea Comprehensive Economic Partnership Agreement (CEPA). Coming to the next part of your question, the Directorate General of Anti-dumping & Allied Duties (DGAD) has fixed the assessable value of hot-rolled steel coil imported under this HS Code from South Korea at $478/MT. For more information, you may want to visit the Central Board of Excise and Customs website (cbec.gov.in). The BIS standard for hot-rolled steel coils vary according to various factors and is available at bis.org.in. In case our assumptions about the intended export product isn’t exact, please write to us. The Dollar Business Intelligence Unit would like to hear from you.

Response by: Steven Philip Warner  President (VMPL) & Editor-in-Chief, The Dollar Business

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I want to export charcoal. What is its HS Code and what are the countries that buy acacia wood charcoal? [Rajesh, Rajesh Enterprise, Ahmedabad, Gujarat, +91-9586091XXX, [email protected]]

Dear Rajesh: We assume you are interested in exporting wood charcoal falling under HS Code: 44029090. Industry data reveals that India is not a big exporter of wood charcoal falling under the said HS Code. In fact, India ranks 26th in the world when it comes to exports of wood charcoal and accounts for just 0.81% share in global exports of the product.

India’s only significant export destination for the product falling under the said HS Code is Bhutan (the country accounts for about 96% of India’s total exports of the product), though the country is also exporting the product to Netherlands, Czech Republic and Sri Lanka in small quantities. Further, sadly, India’s exports under the HS Code: 44029090 has only been falling over the last few years.

More of such pure, researched information is available to members of The Dollar Business GROW, CONNECT and CONQUER programmes. (You can read more on The Dollar Business Membership Programmes on https://in.thedollarbusiness.com). Besides detailed Market Access and Potential Identification System (MAPS) report, The Dollar Business GROW, CONNECT and CONNECT Programme members get access to unique features and innovative buyer discovery and competition analysis tools like EXIMAPS that ensure a more lucrative business beyond boundaries.

In case our assumptions about the intended export products isn’t exact, please write to us. The Dollar Business Intelligence Unit would like to hear from you.

Response by: Indranil Das Executive Editor, The Dollar Business

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I want to export surgical products and sports goods from India. I already have an Importer Exporter Code (IEC). How do I find overseas buyers? [Ankit Prajapati, Proprietor, Oso Contractor & Suppliers, +91-9634113XXX, [email protected]] 

Dear Ankit: We are happy to hear of your decision to head into the world of foreign trade. You can approach your concerned associations – Pharmaceuticals Export Promotion Council (PHARMEXCIL) for pharma products and Sports Goods Export Promotion Council (SGEPC) for sports goods – for assistance or directly reach out to potential buyers by posting your product information on https://in.thedollarbusiness.com/marketplace. From discovering the best markets to source from or supply to, to overcoming statutory and procedural challenges with respect to export-imports documentation, to identifying the right logistics partners, International Marketplace understands all your requirements and accordingly connects you with the right market and partners so that you can make a fortune out of foreign trade.



Additionally, you can also explore The Dollar Business CONQUER Programme (You can read more on TDB CONQUER Programme on https://in.thedollarbusiness.com) that gives an in-the-making super successful exporter like you access to TDB EXIMAPS (https://in.thedollarbusiness.com/exim-maps), the most powerful buyer discovery and competition analysis tool for Indian exporters, which ensures you touch newer highs in global trade. In case you have further queries, do write back to us.

Response by: Manish K. Pandey Editor, The Dollar Business

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I am planning to import copper scrap from Thailand. Could you please let me know a few important things that I need to be aware of before I embark on this business. Is copper scrap available at cheaper rates in Thailand than in India? [Ankush Saraswat, Director, P. P. Corporation, +91-9887869XXX, [email protected]]

Dear Ankush: We are happy to know that you want to get into imports of copper scrap. The most important point that you need to keep in mind while importing copper scrap is that a few categories of copper scrap fall under the ‘Restricted’ category. This would mean that you would need a license from the Ministry of Environment and Forest, Government of India, for importing these varieties of the product.

In case you plan to import copper scrap falling under HS Code: 74040012, which does not require the aforesaid license, you will need to pay a basic customs duty of 5% and an educational cess of 3%. The prices of copper scrap are volatile and you should check the prices in the Indian market before importing the product from Thailand.

Response by: R. K. Sharma Secretary General, Federation of Indian Mineral Industries (FIMI)]