How to start a electronics import business in India?
Starting an electronics import business in India is highly lucrative, but you must prioritize compliance from day one. The regulatory environment changes frequently and penalties for errors are stiff.### 📜 The Compliance Blueprint (Non-Negotiables):1. Get Your IEC (Importer-Exporter Code): This is mandatory. It's PAN-based and applied for through the DGFT (Directorate General of Foreign Trade).2. Product Certifications are Key: For most consumer electronics (adapters, routers, batteries, etc.), you will require BIS (Bureau of Indian Standards) Registration under the Compulsory Registration Scheme (CRS). Wireless devices also need WPC (Wireless Planning and Coordination) approval. This process can be lengthy.3. EPR (Extended Producer Responsibility): You must register as a 'Producer' and comply with India's e-waste management rules. This involves setting up or paying for a system to collect and recycle e-waste generated by your imported products.4. Accurate HS Codes: Classify your goods correctly using the Harmonised System (HS) codes to determine the exact Customs Duty and avoid customs delays or fines.Pro-Tip: Do not try to manage customs clearance yourself initially. Hire an experienced Customs Broker who specializes in electronics. They can navigate the classification and documentation complexities which will save you significant time and money.For a detailed look at the necessary steps and common pitfalls in the supply chain, check out this guide on Importing Electronics and Regulatory Requirements. Good luck and stay compliant!