Transcript Import of ready mat garments in India

IMPORT OF READY MADE GARMENTS IN INDIA
SUBMITTED TO
DR.S.M. ANAS IQBAL
SUBMITTED BY
AARTI CHHANJWANI
MBA –FT 2ND SEM
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INTRODUCTION
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Clothing performs important social and cultural
functions.
• clothing reflect standards of modesty, religious,
gender, and social status.
• Clothing may also function as a form of adornment
and an expression of personal taste or style.
• where over one-fifth of the working population is
dependent on the sector for employment.
men's
Women
45
%
35
%
kids
20%
Ready mat Garments for ……
Classification of garments
silk
jute
woole
n
cotton
leather
silk
Tunic top
Silk skirt
Sarees
Jackets
Pavadi
• Jute
polo t-shirts
Bath robes
• woolen
T shirt
Trousers
Scarf
Gloves
Sweaters
leather
Lady garments
Jackets
Coat
Man wear
Cotton
Cotton jeans
Knitted
Ladies t-shirts
Track suits
Woven men
Major exported country
Nepal
• Banglades
h
• Pakistan
• china
• Sri lanka
• vietnas
• Nigeria
• Egypt
• Japan
Our Top importers…….
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Pantaloon Retail (India) Limited
Shopper’s Stop
TATA – TrentL.
Globus Stores Pvt Ltd
Piramyd Retail Ltd
Arvind Brands Ltd
Provogue ( India) Ltd
The Raymond Group
Madura Garment
Reliance retail Ltd
Need to import……..??
• Brand Conscious Customers.
•Growing Domestic Markets.
•Increase In Number Of Malls.
•Increased Demand In
Designing Product.
•Companies Need To Focus On
Product Development.
•Cheap Import Prices.
Top brands in the world
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Varsace , Italian
Calvin Klein, u.k.
Prada , Italy
Victoria secret, u.s.
Ralph Lauren, u.s.
Yvea saint caurent, Paris
Chanel , France
Dolce gabbana, Italian
Guccl,
Major import in 2011
import
china
17%
19%
B'desh
Pakistan
12%
Vietnas
21%
s.lanka
11%
others
20%
Govt. policies……….
Common compliance code for creating apparel
standards for the benefit of buyers.
Training centers for developing human resources.
Government decision to apply the countervailing
duty on imported garments on the maximum retail
price (MRP) rather than on their declared value.
The government announced that incentives under a
Rs 325-crore package for leather and readymade
garment exports would be available only on
shipments to the US and Europe and was limited to
six months from April 1.
 Documents required by customs authorities
are required to be submitted to enable them
to
 (a) check the goods
 (b) decide value and classification of goods
and
 (c) to ensure that the import is legally
permitted.
The documents that are essentially required
are:
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(i) Invoice
(ii) Packing List
(iii) Bill of Lading / Delivery Order
(iv) GATT declaration form duly filled in
(v) Importers / CHAs declaration duly signed
(vi) Import License or attested photocopy when clearance
is under license
(vii) Letter of Credit / Bank Draft wherever necessary
(vii) Insurance memo or insurance policy
(viii) Industrial License if required
(ix) Certificate of country of origin, if preferential rate is
claimed.
(x) Technical literature.
(xi) Advance License / DEPB in original, where applicable
(xii) Split up of value of spares, components and machinery
Thank you
Thank you