Indent Business or Importing House
Importing house is an intermediate business organization. It helps to import products from a foreign country on behalf of the importer as an intermediate organization. So these firms or organizations import products on behalf of the importer, in exchange they get a certain rate of commission from both the importer and the exporter. They collect an order from a local market and import products from the country where those products are available. So importing house or indent business is the intermediate business organization or firm that involves collecting order and imports that from another country, in exchange for a certain commission.
These organizations don’t take any kind of risk to import the products and they have no need to have own capital. Everything is bearded by the importer. They just work as the middlemen. Importers inform the indent firm about their products such as a description of products, amount, conditions etc. Then the indent firm imports products being the representative of the importer.
