How to export granite from India?
In recent times, Indian Granite has emerged as the first and foremost stone choice among architects, construction experts, builders, and homeowners. Not only the natural stone has been facing huge demand within the country, but it is also becoming a part of the country’s natural stone exports.
According to a report, Indian granite is exported to nearly 150 countries at present worth nearly $500 million every year. The major importers of granite from India are China, the USA, Vietnam, Saudi Arabia, and Algeria.
The overall exports to these five nations amount to more than $394 million which is approximately 79% of the total worth of granite exports. Though Indian granite is used for everything from modern and advanced architectural wonders to monuments and buildings, it always remains a favorite choice for kitchen countertops. India has been considered a global leader when it comes to exporting granite to various countries for the past few years.
In terms of production, the following Indian states are known to have the biggest reserves of granite.
1. Andhra Pradesh
2. Karnataka
3. Tamil Nadu
4. Odisha
5. Rajasthan
It is interesting to note that nearly 85% of the total granite produced in India is exported to other countries. The main granite products that are exported include:
· Crude or raw blocks — HS Code: 25161100
· Blocks or slabs — HS Code: 25161200
· Building stone — HS Code: 68022390
· Polished blocks and tiles — HS Code: 68022310
· Carved or processed granite — HS Code: 68029300
How to export granite stone from India
· If you want to become a granite exporter, the first thing you need to do is to set up a business as a legal firm in India. There are different types of business structures available in India to choose from. Get the one that matches your conditions the best.
· Once the business is registered with the Ministry of Corporate Affairs, the next thing is to apply for and get a PAN no. of the company. Next, you will need to open a bank account in the company’s name to manage all financial transactions
· Next, entrepreneurs are required to register with the Director-General of Foreign Trade and get an import-export code. The next step of company registration includes fetching all the other necessary documents to get customs clearance.
· Business owners can consult government agencies in other countries to get interested buyers and retailers. In addition, companies must need to register with export promotion councils and commodity panels to avail the benefits given by the government
· The granite importers will have to contact a reputed shipping or freight company to ensure timely delivery of their product
· The next step involves getting customs clearance which can be sought by consulting a customs housing agency
Important documents needed to become a granite exporter in India.
1. Incorporation Certificate
2. DGFT registration certificate
3. Company PAN
4. Import Export Code
5. GST and other tax registration documents
6. Registration-cum-membership certificate
7. Customs clearance papers, including Bill of Lading