IMPORT OF READY MADE GARMENTS IN INDIA

SUBMITTED TO SUBMITTED BY DR.S.M. ANAS IQBAL AARTI CHHANJWANI MBA –FT 2ND SEM

INTRODUCTION•

• 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

leatherwoolen

jute

silkTunic topSilk skirtSareesJacketsPavadi

• Jute

•woolen

polo t-shirtsBath robes

T shirtTrousers

ScarfGloves

Sweaters

leather

Lady garments Jackets Coat Man wear

CottonCotton jeans

KnittedLadies t-shirts

Track suitsWoven men

Major exported country Nepal

• Bangladesh• 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

17%

13%

11%

20%

21%

19%

import

chinaB'deshPakistanVietnass.lankaothers

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

Thank you

Thank you