Presentation on theme: "IMPORT OF READY MADE GARMENTS IN INDIA SUBMITTED TO SUBMITTED BY DR.S.M. ANAS IQBAL AARTI CHHANJWANI MBA –FT 2 ND SEM."— Presentation transcript:
IMPORT OF READY MADE GARMENTS IN INDIA SUBMITTED TO SUBMITTED BY DR.S.M. ANAS IQBAL AARTI CHHANJWANI MBA –FT 2 ND SEM
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.
Ready mat Garments for …… kids men's Women 35 % 45 % 20%
Classification of garments silk cotton leather woole n jute
silk Tunic top Silk skirt Sarees Jackets Pavadi
Jute woolen polo t-shirts Bath robes T shirt Trousers Scarf Gloves Sweaters
Major exported country Nepal Banglades h Pakistan china Sri lanka vietnas Nigeria Egypt Japan
Our Top importers……. 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 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
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: (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