For Import & Export Businesses

Customs, IEC, and cross-border compliance, handled correctly.

Import Export Code registration, customs duty implications, and GST on cross-border transactions — the compliance layer that's easy to get wrong when you're focused on the shipment.

Book Consultation Work Out GST →

Built for

Importers & exporters of goodsIEC registration holdersBusinesses claiming duty drawbackCross-border GST & LUT filers

We see this every year

The problems that actually trip up import & export businesses

Cross-border trade adds a compliance layer most domestic businesses never have to think about.

IEC registration & updates missed

An Import Export Code is required before your first shipment, and updates (address, bank details) are easy to forget once issued.

GST on imports (IGST at customs)

IGST paid at customs on imports needs to be reconciled and claimed as input tax credit correctly, not left unclaimed.

LUT filing for zero-rated exports

Exporting without paying IGST upfront requires a Letter of Undertaking filed and renewed on time — missing it means paying tax you didn't need to.

Duty drawback claims left unclaimed

Refunds on customs duty paid on inputs used in exported goods often go unclaimed simply because the process isn't followed through.

Customs valuation & classification disputes

Incorrect HS code classification or valuation can trigger delays, penalties, or disputes with customs authorities.

FEMA compliance on cross-border payments

Receiving or making international payments is governed by FEMA rules that differ by transaction type and documentation required.

Not sure which of these apply to you? Book a consultation and we'll walk through your specific situation.

Recommended for you

Where import & export businesses usually start

Government Registrations

IEC registration and other cross-border trade registrations, handled end to end.

5–10 daysView Service

GST Registration & Returns

Registration, LUT filing, and returns that correctly reflect zero-rated exports and import IGST.

OngoingView Service

Business Support

PAN, TAN, and the accounting groundwork that cross-border trade compliance depends on.

OngoingView Service

Book Consultation

Try it now

Work out GST on any transaction

A quick split into CGST and SGST — for registration or filing help, book a consultation

GST rate

Amount, excluding GST (₹)

Total payable (incl. GST)

₹ 59,000

Taxable amount₹ 50,000

CGST₹ 4,500

SGST₹ 4,500

Total GST₹ 9,000

Assumes an intra-state supply, split evenly into CGST and SGST. For inter-state transactions, the full amount applies as IGST instead — ask us which applies to you.

Learn more

Related resources

Vol. 01IEC Registration: Who Needs It and How to Get OneThe businesses that require an Import Export Code, and the registration process.Guide01 / 03 Vol. 02LUT Filing for Exporters: Avoiding GST on Zero-Rated SuppliesWhy a Letter of Undertaking saves you from paying IGST upfront on exports.Guide02 / 03 Vol. 03Duty Drawback Explained: Claiming Back What You're OwedHow the drawback scheme works and the documentation it requires.Guide03 / 03

Selected · Vol. 02

LUT Filing for Exporters: Avoiding GST on Zero-Rated Supplies — Why a Letter of Undertaking saves you from paying IGST upfront on exports.

Read article

Questions

Frequently asked

01Do I need an IEC to start exporting?

Yes — an Import Export Code is mandatory before your first cross-border shipment, for both imports and exports. We handle the registration end to end.

02Can I avoid paying IGST on my exports?

Yes, by filing a Letter of Undertaking (LUT), which lets you export without paying IGST upfront instead of paying and claiming a refund later. We file and renew it on your behalf.

03What is duty drawback and am I eligible?

It's a refund of customs duty paid on inputs used to manufacture goods that are later exported. Eligibility depends on your product and documentation — we can check whether you qualify.

04How does FEMA affect payments I receive from overseas clients?

FEMA governs how foreign currency receipts and payments are documented and reported, and the rules differ by transaction type. We make sure your cross-border payments stay compliant.

Ready when you are

Let's figure out exactly what your situation needs.

Book a consultation and we'll walk through it together — clear next steps, no obligation. No pressure, no jargon, just a clear read on what applies to you.

No spam
Your details stay private
Response within 24 hours

Thank you — we've received your details.

One of our Chartered Accountants will get back to you within 24 hours.

Rashmi Singh & Co.