INDIA READER
INDIAN EMBASSY (VIENNA) Kärntner Ring 2, 1010 Vienna indemb@eoivien.vienna.at www.indianembassy.at
Business India Series by the Indian Embassy (Vienna)
FIND INSIDE Why import from India? The major trade routes with Austria FAQs about Logistics Matters when doing Business with India
Transport and Logistics within and from India
What does my supplier need to provide for general cargo?
ndia is a rapidly changing country and provides several transport and logistics solutions by air and ocean freight, forwarding, consolidation, customs clearance, project transportation (ODC – Over Dimension Cargo), break-bulk, vessel-chartering, warehousing & distribution plus value added global logistics services for a complete supply chain management solution.
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The supplier needs to provide a packing list, invoice Import/Export Code, Authorization Dealer Code number and their Bank A/C number. If they export under any special scheme i.e. Drawback & Advance License, details are required in advance.
Why import from India?
In India customs are only open from Monday to Saturday, every second Saturday of the month customs are closed.
Indian economy is one of the fastest growing economies in the world. The B2B market position in India is increasing rapidly. In addition to major business houses, the real contributors to economic development in various areas are small and medium enterprises. Major growth takes place in the food and beverage, automotive including spare parts, healthcare, textiles, pharmaceutical, bio-technology, electronics and handicrafts industries . This is only to point a few major sectors that could be of interest specially for Austria. India is only 3:30 hours ahead of Austria in the summer and 4:30 hours during the winter. There are 2:30 hours time more for exchange of information and communication. If an order is placed early in the morning, the goods are ready quickly. Export documents such as the packing list and invoice can be ready for pick up on the same day and export can take place the day after. Another advantage is the shorter transit time from main Indian ports to main European ports, which is about18-23days (China to Europe: 24-26 days).
Is it possible to get my goods customs cleared at the weekend?
How long in general does export customs clearance of goods by Air and Sea take? For airfreight and sea freight shipments you should estimate at least 1-3 days for customs clearance, depending on commodity and proper preparation of documents of shipper..
If I want to send goods for exhibition and re-import them, is there anything I need to consider? A Carnet or ATA Carnet is an international customs and export-import document. It is used to clear customs without paying duties and import taxes on merchandise that will be re-exported within 12 months. In India the Carnet is only valid up to 6 months but can be extended through the customs authorities. One month before expiry, the authority concerned must receive an extension request.