What Difficulties Importers are facing in Import business..?? | Difficulties faced by Importers

India’s Populations is 140 Crore and there is a lot of Business Opportunities for Importers because Indian people love imported goods but there is also a lot of difficulties faced by importer in the customs and various other Import procedures. So, what difficulties an Importer can face, let’s have a look: -

1. No Proper Documents – New Importer have very less experience and they do not know all the details about the proper documentation of Labelling, certificates and step by step paper work. Because of no proper documents now the importer will face problems in getting their container cleared from customs. So, it is very important for an Importer to have good knowledge of Import documentations and procedure before Importing.

2. Fraud Supplier – Always use genuine sources of suppliers, do not blindly trust anyone especially in the scrap metal industry. To check the if your supplier is genuine, do background check and cross verify with other exporters.

3. Higher Landing Cost – Buyers need to know where to get affordable and quality products so that the purchase cost does not increase because the cost of buying is added with the duty and the GST which makes the landing cost higher.

4. Customs Problem – Customs clearance problem, Cargos can get stuck in customs and if the cargo is stuck for a very long time and no one claims it then the customs will auction the goods to cover up for the cost. This happens because of Importers lack of knowledge about custom clearance, custom rules

5. Risk – Importer needs to have proper insurance of the goods so if any losses happen the importer may not go through any losses.

6. Lack of Knowledge - New Importers need to be up to date with daily Import Export news and updates and keep taking trainings and workshops to refresh their Import Export Knowledge.

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