Aug 21, 2024

India's economy is booming. The demand for consumer goods, technology and infrastructure renewals appears to be insatiable. This in turn presents opportunities for Swiss companies in many sectors and industries. Swiss products and services benefit from an excellent reputation in India. But what do you need to consider when exporting to India?
1. Commercial invoice
In addition to the usual commercial information, the invoice must contain the following:
It is also advisable to add the following declaration at the end of the invoice.
"We declare that the invoice shows the actual price of the goods described and that all particulars are true and correct".
2. Packing list
The shipment must be accompanied by a packing list containing an overview of the details and contents of the packages, including their dimensions and quantity.
3. Origin Declaration
For preferential origin goods under the provisions of the EFTA-India Trade and Economic Partnership Agreement, a movement certificate EUR.1 must be issued.
The issuance of the origin declaration is reserved for Approved Exporters. The origin declaration must be completed in English only, using the prescribed wording, and must be electronically signed. An accredited certification service must be used for the electronic signature.
4. Marking of goods
As a rule, the following information must be marked on the packaging:
Depending on the product group, further information must be affixed.
5. Goods and Service Taxpayer Identification Number (GSTIN)
The 15-digit GSTIN of the Indian importer must be indicated on all documents. If the importer is exempt from GSTIN, the 10-digit Permanent Account Number (PAN) must be listed instead.
You can also obtain detailed information on the import formalities applicable to your products in India from our free customs database.
Sanctions / Embargoes / Export controls
At the time of writing of this article, no sanctions or embargoes were in place against India. However, this can change at any time, which is why we recommend you check whether corresponding measures have been imposed prior to each export. Certain products and product groups, such as dual-use goods, require an export permit even for delivery to non-sanctioned countries.
Incoterms
In principle, all Incoterms clauses can be used for deliveries to India. You should be aware, however, that under the DDP (Duty Delivered Paid) clause, you as the seller bear maximum responsibility and must cover all costs.
Terms of payment
Getting paid can be difficult, frustrating and time-consuming. It is therefore advisable to find a compromise with the Indian company beforehand. A letter of credit, for example, does indeed incur fees, but is nevertheless less expensive than possible court proceedings.
All information in this article is provided for guidance only and is neither exhaustive nor legally binding.