Approval or licensing requirements depend on the product proposed to be imported to India. Further, in the case of proposed foreign investment, compliance with relevant provisions of the Policy 2017 will have to be ensured.
Additionally, any person interested in importing goods into India must follow certain rules and guidelines as laid down by The Companies Act 2013, RBI guidelines etc. They must pay GST, Income Tax and other taxes as per state ruling.
The Directorate General of Foreign Trade (DGFT) issues Import Export (IE) Codes which are required for importing or exporting goods. The issued IE Codes can be used by the entity throughout its existence and don't require any renewal or filing.
For any further queries, please write to us at retail@investindia.org.in