Importing and selling taxation and procedure

Hi Expert, I want to import a video game(electronic item) from USA through importer and sell it anywhere in India. Let me be more clear with my scenario: I have a sole proprietor firm based in Hyderabad. I got an order for video games from a company in Bangalore. The video games console is not available in India, its available in USA. So I need to import these video games to USA, but how do I do it? If I don't want to register for IEC code at the moment then can I have them imported through importers? If yes, then how do I approach the importers, I mean what does importers does? Apart from that what are the taxation that includes in this process. In simple terms my sole proprietor firm wanna buy goods from USA and sell that to a company in Bangalore then what is the whole procedure required for this(including how I am gonna bill to my client) Awaiting for an answer that would help me grab this deal with client. Thanks in advance :-)

Dear Mr. Jagadish,

To import or export in India, IEC Code is mandatory. No person or entity shall make any Import or Export without IEC Code Number.

Video Game Console falls under Chapter 95045000 and Customs Duty may be :

Import Duty Calculator
CIF Value in Rs. 100
Value and Duty Descripttion	Custom Duty Rates	Calculated Amount	Formula
Assesable Value(AV)		101	CIF Value + Landing Charges ( @ 1% of CIF Value)
Basic Duty of Customs (%)		10.1	(AV x BD rate) / 100
Basic Duty Pref (%)		0	(AV x BD Pref rate) / 100
Additional Duty of Customs(CVD) (Including Cess, if any) (%)		13.332	(AV + BD. Amt.) x CVD rate / 100
Central Excise Education Cess (%)		0	(CVD Amt.) x Central Excise Edu. Cess Rate / 100
Customs Education Cess (if any) (%)		0	(BD Amt. + CVD Amt. + Edu. Cess. Amt.) x Custom Edu. Cess Rate / 100
Special Additional Duty of Customs(Spl.CVD) (if any) (%)		4.97728	(AV + BD Amt. + CVD Amt. + Edu. Cess. Amt. + Custom Edu. Cess Amt.) x Spl. CVD Rate / 100
Total Customs Duty		28.40928	BD Amt. + CVD Amt. + Edu. Cess Amt. + Custom Edu. Cess Amt. + Spl. CVD Amt.