Nowadays, the scrap import business is so easy because of the internet and improved technology, but opening a global company requires a lot of licenses and registrations, as well as adherence to numerous rules and laws.
The IEC for import scrap material in India, sometimes referred to as the import-export code or importer-export code, is one such requirement when thinking about importing or exporting from India. A 10-digit unique identifying number known as the IEC is necessary for imports and exports to India. Unless there are certain exclusions, no one is permitted to import or export without first acquiring an IEC registration.
Therefore, any business that imports or exports commodities needs an IEC registration certificate. Thus, an importer ensures that before beginning to import goods into India, the importing company has the IEC and GST registration certifications, which are required for customs clearance.
Process of Importing Scrap Materials in India
Register with BIS:
BIS is India’s national standards body and is responsible for setting standards for products and services. Scrap material must be registered with BIS before being imported into India. A quality control order must be obtained from BIS registration as part of the process, depending on the type of waste and its intended use.
Obtain an Import and Export Code (IEC):
The DGFT is required to provide an IEC for Import Scrap material to all importers and exporters operating in India. IEC is a precondition for acquiring an import license and is necessary for customs clearance.
Obtain an Import License:
An import license is necessary for several waste kinds, including hazardous and electronic garbage. The DGFT authorize the waste, which depends on the type of its ultimate destination.
Learn More: IEC code License mandatory export service
Obtain a Bill of Lading:
This document serves as both confirmation of ownership and a receipt for the goods and is provided by the shipping business.
Get a Customs Declaration Form (CDF):
For the importer, a CDF needs to be filled out and turned in to the customs office by the importer and his agent. The products being brought in, the importer, and an estimated value are all included.
Get a Packing List:
A packing list is a written document that enumerates the contents and amounts of every shipment. It is used or customs clearance, as well as to confirm that the right things have arrived.
Obtain a Hazardous Waste Import Permit:
A hazardous waste import permit is necessary for waste that is categorized as hazardous waste, such as electronic trash. The MoEFCC issues the permission, which is determined by the waste type, planned use, and waste disposal strategy.
Obtain an Import License to Dispose of Plastic Trash:
Materials that have been classified as plastic garbage cannot be disposed of without an import permit. The MoEFCC issues the permission, which is determined by the waste type, planned use, and Import of Scrap material.
Obtain a Phytosanitary Certificate:
The nation’s plant protection authority issues these certificates of origin and attests to the trash shipment’s lack of illnesses and pests.
Obtain an Inspection Certificate:
This document attests to the waste consignment’s standard quality and is issued by the nation of origin’s approved inspection authority.
Get Customs Clearance:
Once all the required documents are submitted, the importer or his agent has to clear the goods. Following document verification by the customs agency and payment of applicable taxes and fees, the goods will be released.
Learn More: What is Customs Clearance Procedure in Import-Export Business
Obtain Delivery Note:
Once customs clearance is done, the importer or his agent will receive a Delivery Note which will serve as a release order for the goods.
Importers must also keep up with the latest regulations because the Indian government has implemented some measures to decrease the Import of Scrap material in India
Conclusion
To begin an IEC for import scrap material in India, you only need to complete a few processes in accordance with state government requirements and provide minimal documents. In contrast to trash, scrap—particularly recovered metals—has a market value, and reclaiming non-metallic items for recycling will be a significant business potential. E-startup India specializes in import-export services, GST registration, BSI registration, ISI certification services, and more.
Moreover, you require any kind of guidance related to the Import export code, please feel free to contact us at 8881-069-069.
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