Starting a business focused on importing goods to manufacture finished products requires careful planning and compliance with legal and operational processes. Here is a concise 7-step roadmap to help you get started.

The procedure for starting an import company in India in 2025 involves the following key steps:

1. Choose and Register a Business Structure:

Decide on a suitable business structure such as sole proprietorship, partnership, LLP, or private limited company. Register the business with the Registrar of Companies (RoC) if applicable.

2. Obtain Importer Exporter Code (IEC): 

The IEC is mandatory for all importers. Apply online through the DGFT portal with PAN and other documents. The IEC is issued digitally within a few days.

3. GST Registration: 

Register for Goods and Services Tax (GST) on the GST portal, as it is required for import businesses.

4.  Open a Business Bank Account: 

Open a current account in the business name to facilitate foreign exchange transactions for imports.

5. Comply with Customs and Import Regulations: 

Understand customs clearance procedures, file the Bill of Entry, and comply with product-specific import licenses and documentation requirements.

6. Arrange Logistics and Payment Mechanisms: 

Setup partnerships with Customs House Agents (CHAs), freight forwarders, and payment arrangements for overseas suppliers, while adhering to FEMA guidelines.

7. Obtain Special Permits if Necessary: 

Certain products require permits, NOCs or certifications from regulatory bodies such as BIS, FSSAI, WPC, or MOEF (depends upon the nature and end use of goods which you'll be importing)

Key documents needed include PAN card, GST certificate, IEC certificate, business address proof, bank account proof etc.