Script of Manisha Maam83754875 Stock Exchange Ekdum Final everything and each and every information is given in the 100 marks blackbook

8/12/2019 Script of Manisha Maam83754875 Stock Exchange Ekdum Final everything and each and every information is giv

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Import of Chinese Products in India

Seminar Report submitted for Requirements

For the Degree of MBA

By

Sheenam Parveen

!"#MBA#$%&

'nder the Supervision of

Mr( )ive* Bansa+

Department of Management Studies

',I)-RSI./ C011-2- 0F -,2I,--RI,2

RA3AS.4A, .-C4,ICA1 ',I)-RSI./5

60.A MA/ %!7!


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Ac*no8+edgement

I feel great pleasure in submitting this seminar report on Import of Chinese products In

India.

I wish to express a true sense of gratitude towards my seminar guide Mr. Vivek ansalwho at a very discrete step in study of this seminar contributed his valuable guidance andhelp to solve every problem that arose and opening the doors of the department towardsthe reali!ation of the seminar report.Most likely I would like to express my sincere gratitude towards my family for alwaysbeing there when I needed them the most. "ith all respect and gratitude# I would like tothank all the people# who have helped us directly or indirectly# I owe my all success tothem.

$ate%&.'.%()( *+heenam ,arveen-


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Certificate

his is to certify that the seminar entitled Impact of Chinese products in Indiasubmitted by +heenam ,arveen *(/0M102'%- in the partial fulfillment for the award ofMaster of usiness 1dministration degree# to $epartment of Management +tudies#3a4asthan echnical 5niversity# 6ota# is carried out under my guidance.

*Mr. Vivek ansal-

$ate7%&.'.%()(


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Chapter 9 7 PR0FI1-

7(7& C4I,A C0',.R/ PR0FI1-

Country Facts

Area: /#/'2#/2( s8 km *9.:m s8 miles-Popu+ation: ).%/ bnCapita+ City: ei4ingPeop+e: ;an Chinese make up around /%< of the population. he remaining =year membership and meets once a year inplenary session. ;owever# in practice it is the CC, who takes all key decisions.4ead of State and 2enera+ Secretary of the CCP: ,resident ;u intaoChairman of the Standing Committee of the ,PC: "u angguoPremier of the State Counci+: "en iabaoState Counci++or Foreign Affairs&: $ai ingguoForeign Minister: ?ang iechiMembership of internationa+ groups,acific Dconomic Cooperation Eorum *1,DC-F 1sian $evelopment ank *1$-F+hanghai Cooperation GrganisationF "orld rade Grganisation *"G-.


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-C0,0M/

Dconomic indicators2DP: 5+ H9#%'(.=bn *est.- *%((:-2DP per capita: 5+ H%#&2) per capita *est.- *%((:-Annua+ 2ro8th: ))./< *%((:-Consumer prices: :.)< %((:-=change rate: )9.: 3enminbi J)China has been one of the worldAs economic success stories since reforms began in )/:=.In purchasing power parity terms# China is the worldAs second biggest economy. Gfficialfigures show that B$, has grown on average by /< a year over the past %' years with anestimate of )(.&< recorded for %((:.

he current growth model# and policy underlying it# remains heavily skewed towardsexports and investment# with little emphasis on private consumption. China has started toad4ust its economic policies to better promote sustainable growth.he Bovernment has highlighted its intention to75ndertake more bank reform *and encourage banks to provide finance to ruralareas and smaller firms-develop the capital markets *to give firms more opportunity to raise finance-engage in deeper reform of the insurance sector *to expand the options available tosavers-# andprovide a sounder regulatory structure *aimed at promoting financial integration-.1 growing share of ChinaAs economic growth has been generated in the private sector asthe government has opened up industries to domestic and foreign competition# though therole of the state in ownership and planning remains extensive. ChinaAs entry into the"orld rade Grganisation in $ecember %(() is further integrating China into the globaleconomy.

2-02RAP4/

China is twice the si!e of "estern Durope. It is the third largest country in the world#after 3ussia and Canada. Its terrain varies from plains# deltas and hills in the east tomountains# high plateaux and deserts in the west. o the south its climate is tropical#whilst to the north it is sub>arctic. Kess than one>sixth of China is suitable for agriculture.he most fertile areas lie in the eastern third of the country# which is economically themost developed region.

I@D3@1IG@1K 3DK1IG@+


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3elations with the International CommunityChina has said that it wishes to pursue an independent foreign policy of peace in order topreserve its independence# sovereignty and territorial integrity. he concept ofLharmonious development# at the heart of Chinas domestic policy# has been extended toits foreign policy as China aims to create a favourable international environment to

continue its agenda of reform and opening up. o date# China has focused on developingclose relations with its neighbours# ma4or partners and international organisations.In support of its desire to promote a foreign policy of peace# China is playing anincreasingly active role in international affairs. It has supported the international waragainst terrorism# including in the 5@ +ecurity Council *where it holds one of the five,ermanent +eats- and voted in favour of limited sanctions on @orth 6orea. China hasplayed a mainly constructive role in supporting 5@ +pecial Dnvoy Bambaris mission tourma. China moved from more or less unconditional support of +udan# supporting5@+C3 ):2/ which mandated a hybrid peacekeeping force in $arfur# and has deployed9)' peacekeepers. China voted for 5@+C3 )=(9# which mandated a third round ofsanctions on Iran# and has begun to put the s8uee!e on financial transactions with Iran.

;owever# Chinas recent use of its veto *only the third since )///- over a 5@+C3 onNimbabwe demonstrates its increasing confidence to protect its own interests.

D5>China 3elationsD5 relations with China were established in )/:' and are currently governed by the )/='D5>China rade and Cooperation 1greement. he D5 is important for Chinas vision ofa multipolar world and China is arguably the D5s most important relationship outside itsown neighbourhood and the 5+. In anuary %((: the D5 and China launchednegotiations on a single and over>arching ,artnership and Co>operation 1greement*,C1- to reflect the breadth and depth of todays strategic partnership. he ,C1 will seta broad framework for the D5s relationship with China across a wide range of areas and#in part# will replace the )/=' rade and Dconomic Co>operation 1greement. 1reas ofcooperation currently under negotiation include issues such as non>proliferation# humanrights and climate change.oday# the D5 is Chinas second largest trade partner and China is the D5s largestpartner. his is reflected in the rapidly growing trade in goods in recent years# rising by%(< per annum to reach O9(% billion in %((:. here is however# increasing concern inthe D5 at the growing si!e of Chinas trade surplus with the D5. 1t the %((: D5>China+ummit# both sides agreed to hold an annual ;igh Kevel $ialogue Mechanism# to discussissues affecting the trade imbalance# in order to find concrete means to increase trade in abalanced way. he first of these meetings took place in 1pril %((=# establishing aframework for future exchanges."ithin the maturing D5>China comprehensive strategic partnership# dialogue andcooperation have been increased on key international issues *e.g. Iran# +udan andurma-# and on key issues of globali!ation# such as climate change and1frica0development. 1part from regular political# trade and economic dialogue meetings#there are over %& sect oral dialogues and agreements ranging from ;uman 3ights toindustrial policy# education and culture.

56>C;I@1 IK1D31K 3DK1IG@+


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ilateral relations are excellent and have undergone a period of rapid expansion sinceMay %((& when the former ,rime Minister# ony lair and ,remier "en iabao signed aoint +tatement announcing a comprehensive strategic partnership and a commitmentto hold annual +ummit meetings between the two ,remiers. ritain remains Chinaslargest Duropean investor# Chinese students make up the largest number from any single

nation in the 56# and China publishes more 4oint scientific research papers with the 56than any other Duropean country.

7(%& I,DIA C0',.R/ PR0FI1-

Country Facts

Area: 9#%=:#2%9m s8 km *)#%2/#%)/ s8 miles-

Popu+ation: )#)92#(((#((( *+ept %((: est-

Capita+ City7 @ew $elhi

1anguages: he official language of India is ;indi# written in the $evanagari script andspoken by some 9(< of the population as a first language. +ince )/2' Dnglish has beenrecognised as an Aassociated languageA. In addition there are )= main and regionallanguages recognised for adoption as official state languages.

Re+igions: India is a secular state and freedom of religion is protected under theConstitution. he main religious groups are ;indus *=).9


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-C0,0M/

asic Dconomic Eacts2DP: H)#(/( billion *%((:-

2DP per head: H:)& per head *%((2-

Annua+ 2ro8th: =.&< *%(('>%((2-

Inf+ation: '.2< *%((2 est.-

Ma;or Industries: extiles# chemicals# food processing# steel# transportation e8uipment#cement# mining# petroleum# machinery# software# gems and 4ewellery# leathermanufactures.

Ma;or trading partners:

-=ports for %!!$: 5+1 *)/.)


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Grissa# ,un4ab# 3a4asthan# +ikkim# amil @adu# ripura# 5ttar ,radesh# 5ttarakhand# and"est engal.he erritories are7 1ndaman and @icobar Islands# Chandigarh# $adra and @agar ;aveli#$aman and $iu# $elhi# Kakshadweep# and ,ondicherry.

.RAD- A,D I,)-S.M-,.

rade and Investment with the 567

otal two>way trade *goods- grew by %&.&< in %((= compared to %((:. Ma4or items oftrade in goods7 56 exports> Metalliferous ores and metal scrap# non>metallic mineral

manufactures# non>ferrous metals# power generating machinery and e8uipment#machinery specialised for particular industries# general industrial machinery ande8uipment# electrical machinery Q appliances# transport e8uipment. 56 imports>extileyarn and fabrics# petroleum# petroleum products Q related materials# power generatingmachinery Q e8uipment# general industrial machinery Q e8uipment# iron Q steel#manufactures of metal not elsewhere specified# electrical machinery# apparatus andappliances# articles of apparel and clothing accessories# footwear# miscellaneousmanufactured article.

Gver %''&).9 new Indo>ritish 4oint ventures have been approved by the Bovernment ofIndia since 1pril )//2. Eor the period 1ugust )//) to Gctober %((=# the number oftechnical collaborations approved from 56 stands at =2=# which is )(.=< of the totaltechnology transfer approvals *Eourth after 5.+.1.# Bermany and apan-.

etween anuary and @ovember %((=# the highest number of E$I approvals in India wasin service sector *eight- where as the highest value of E$I approvals was in drugs andpharmaceuticals *3s %'(( mn-. Eor the period 1ugust )//) to Gctober %((=# the numberof technical collaborations approved from 56 stands at =2=# which is )(.=< of the totaltechnology transfer approvals *Eourth after 5.+.1.# Bermany and apan-.

he 56 is the four largest investor in India *after Mauritius# +ingapore and 5+1- for theperiod 1pril %((( to $ecember %((=

P01I.ICS

he Indian Constitution provides a system of parliamentary and cabinet government bothat the centre and in the states. he Indian ,arliament consists of the ,resident# currently,resident +mt ,ratibha $evisingh ,atil# *elected for a '>year term as the constitutional


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head of the executive- and % ;ouses7 he Kower ;ouse > Kok +abha *A;ouse of the,eopleA- > directly elected on the basis of universal adult suffrageF and the 5pper ;ouse >3a4ya +abha *ACouncil of +tatesA- > indirectly elected by the members of state legislativeassemblies.he haratiya anata ,arty *,- and the Congress ,arty are the % main forces in the

current Indian political scene# but neither can command a clear ,arliamentary ma4ority.he balance of power is held by a loose collection of regional and other parties

7(?&C4I,A -@P0R. IMP0R. DA.A .0 I,DIA

?ear ChinaAs Dxports to India ChinaAs Imoprts from India

%((( )'2(.:' )9'9.&=

%(() )=/2.%: )2//./:

,ercent Browth %).' %'.2

%((% %2):.:9 %%:&.)=

,ercent Browth &(./ 99.=

%((9 99&9.'/ &%').&/

,ercent Browth %%.% =:

%((& '/%2.2: :2::.&9

,ercent Browth ::.9 =(.2


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Chapter #%

Introduction to Import

%(7&Introduction:

+tarting an import business is a goal of more than thousands of merchants andbusinessman. Kike an export business# import business is also very profitable business# ifan importer proceeds with the right strategies. ;owever# the long term success andprofitability of an import business greatly depends on the importers knowledge andunderstanding about the international market and foreign market analysis.

oday# importing goods from abroad has becomes a big business. Dverything frombeverages to cars>>and a staggering list of other products that one might have neverimagined has now become the part of the global import. Millions of products are bought#sold# represented and distributed somewhere in the world on a daily basis.

%(%&Definition:

Import:

Benerally an import means bringing goods into one country from another country in alegitimate manner# typically for use in trade. Import of goods and services are provided todomestic consumers by foreign producers import of commercial 8uantities of goodsnormally re8uires involvement of the customs authorities in both the country of importand country of export. 1s per the customs act )/2% import means bringing goods intoIndia from a place outside India.

*%.9-Reasons for Import here are number of supporting reasons why import business and services is growing atsuch a fast rate7>

Avai+abi+ity:1n individual or business man or an importer needs to import because thereare certain things that he cant grow or manufacture in his home country. Eor exampleananas in 1laska# Mahogany Kumber in Maine and all ,ark franks in Erance.


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Cachet:1 lot of things# like caviar and champagne# pack more cachet# more of anRimage#R if theyAre imported rather than home>grown. hink +candinavian furniture#Berman beer# Erench perfume# Dgyptian cotton. It all seems classier when it comes fromdistant place.

Price:,rice factor is also an important reason for import of products. +ome products arecheaper when imported from foreign country. Eor example 6orean toys# aiwaneseelectronics and Mexican clothing# to rattle off a few# can often be manufactured orassembled in foreign factories for far less money than if they were made on the domesticcountry.

%(&Import in India

he rising middle income groups of consumers in India and their increasing levels onexpenditure on various products has resulted a faster rising demand of the Indian importbusiness. Ma4or imports of India include cereals# edible oils# machineries# fertili!ers and

petroleum products. otal import from India estimated to be around 5+H)=:./ billion.India is also a bulk importer of edible oil# sugar# pulp and paper# newsprint# crude rubberand Iron and steel.%($&Import of Chinese product in Indian:

he flood of Chinese imports has raised temperatures all around# 8uestions have beenasked in ,arliament# and the many chambers of commerce have be seeched thegovernment to protect Indian domestic industry from the new Chinese invasion.

Suite naturally# Indian producers claim the Chinese are dumping their products inIndian markets. $umping refers to the practice of selling products abroad at artificiallylow prices. 5nder the "orld rade Grgani!ation# the recipient country can levy anti>dumping duties in order to protect domestic industry.

It is also true that most Chinese goods are sold at dirt>cheap prices. Eor instance# aChinese Ean with a built>in invertor is available for 3s. =((>/((# whereas Indian Eancosts about 3s. ))'(. icycles are about 3s. '(( cheaper than Indian ones. +imilarly#most electronic goods are significantly cheaper than products of comparable 8ualityavailable in India. hird# it is also undeniably true that the sheet volume of Chineseimports will soon have an adverse effect on Indian manufacturing industries. 1newspaper report mentions that a4a4 Dlectricals has started importing items like Chineseoasters and fans into India and providing brand support and after>sales service. "hilethis is good news for the Indian Consumer# this can only be disastrous for the Indianworker.

Gf course# the difference in price is not a sufficient proof of dumping. Chinese labour iscertainly cheaper than in countries such as India# from where we import significantvolumes of electronic items. China also has a much lower rate of indirect taxes on inputs.hese could well account for a large part of the difference in prices. 1nother contributory


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factor underlying the price differential is the general inefficiency of Indianmanufacturing. 1 recent confederation of Indian Industry seminar in Calcutta focussed onthe large distance which Indian manufacturing industries have to traverse in order tocatch up with international norms in prices and 8uality. India has a rather dismal rating incompetitiveness. It ranks a low '9 out of '/ countries ranked by the "orld Dconomic

Eorum and &( out of &2 countries ranked by "orld ank.

1s a wide range of cheap Chinese products flooded the Indian market# some localindustries were adversely affected# while others benefited by using these products as rawmaterials

he Chinese are exporting to India a wide range of low>cost consumer goods that have amass market in India such as kitchen>ware# textiles# electronic items# furniture# toys#cosmetics# footwear and accessories. In fact in the last four years# there has been a delugeof cheap imports

Erom China tyres# bicycles# watches and clocks# toys# plastics and dyes# and bulk drugsIn the very near future Indian scooter and motorcycle manufacturers are going to facestiff competition from the Chinese. he sector that will be worst hit will be the smallscalesector. he Chinese export import corporations are financially stronger# have moreefficient processes and turn out goods at extreme

%(&For the purpose of import goods have been divided into fo++o8ing categories:

,rohibited goods are not permitted to be import at all.3estricted goods can be imported against a license or sub4ected to certain conditions.Canali!ed goods are permitted to be imported only through state trading enterprises.Eree goods are goods which can be import it without any license or conditions.

Chapter# ?


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IMP0R. D0C'M-,.S

?(7&( Importer -=porter Code I-C& ,umber:@o person can import goods withoutobtaining an Importer>Dxporter Code *lDC- @umber unless he has been specificallyexempted. he IDC @umber is obtained from the 3egional Kicensing 1uthority. ?ouhave already learnt the procedure of obtaining IDC @umber in 5nit.

?(%&( Bi++ of -ntry:It is a document on which clearance of imported goods is affected.1ll goods discharged from a vessel# from foreign or coastal ports are cleared on ill ofDntry in the prescribed form. he ill of Dntry form has been standardi!ed by the Centraloard of Dxcise and Customs.

Eour copies of bill of entry are submitted. Griginal and duplicate for customerdepartments# triplicate is ownerAs copy and the fourth copy is for the purpose of foreignexchange to be submitted to bank. here are three types of ill of Dntry as discussedbelow7

I& Bi++ of entry for home consumption 8hite in co+our&:where an importer wants toget his goods cleared in one lot# he has to present the ill of entry for home consumption.

ii& Bi++ of entry for 8arehousing into bond5 ye++o8 in co+our&: "here an importerwants to shift goods to a warehouse and thereafter gets his goods cleared in small lots# hehas to present Ainto bondA bill of entry. 3eason may be that he is unable to pay dutyleviable on all goods at one instance or may be because of storage problem.

iii& -=(#Bond Bi++ of -ntry 2reen in Co+our&:"hen an importer wants to removegoods from the warehouse# he has to present an Dx>bond bill of entry which is green incolour.

a. ill of Dntry is not re8uired in the following cases7b. passengers baggage favour parcelsc. Mail box and post parcels$. boxes# kennels of cargos containing live animals or birdsD. unserviceable stores# e.g. dunnage wood# empty bottles# drums etc. of reasonable valueE. ships stores in small 8uantities for personal useB. cargo by sailing vessels from customs ports when landed at open bundles only

Eor imports through the medium of post there is no bill of entry. Instead a way bill isprepared by the foreign post office for assessment of duty.


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?(?&R-.IR-M-,. 0F IMP0R. D0C'M-,.S:

a& 1oading of 2oods and Receipt of Shipment Advice7 > Gn loading of goods theoverseas supplier dispatches the shipment advice to the importer informing him about theshipment of goods. he shipment advice contains invoice number# bill of lading# airways

bill number and date# name of the vessel with date# the port of export# description ofgoods and 8uantity and the date of sailing of the vessel.A

b& Retirement of Import Documents:> 1fter shipping the goods# the overseas. &(Asupplier prepares the necessary documents as per the terms of contract and letter ofcredit and hands them over to his bank for their onward negotiation to importer in themanner as specified in the K0C. he set normally contains bill of exchange# Commercialinvoice# bill of lading# packing list# certificate of origin# marine insurance policy# etc.

Eor the retirement of documents# the importer is re8uired to submit the followingdocuments to his bank7

*a- 1 letter authori!ing his bank to debit the e8uivalent Indian rupees to the value ofdocuments including bank charges.*b- Dxchange control copy of the Import Kicence# if applicable. Eorm 1l duly completedfor the remittance in foreign excl)ange.

c& Acceptance of the bi++ of e=change:> bill of exchange accompanied by the abovedocuments is known as the $ocumentary ill of Dxchange. It is of two types7>

Documents against Payment Sight Drafts&:#In case of sight draft# the drawer instructsthe bank to hand over .the relevant documents to the importer only against payment.

Documents against Acceptance 'sance Draft&:#In case of usance draft# the drawerinstructs the bank to hand over the relevant documents to the importer against hisAacceptanceA of the bill of exchange.

d& Scrutiny of Documents Received under 1 1fter receipt of import documentsfrom the exporterAs bank# the importerAs bank will scrutinise the documents as to theircorrectness as per the terms and conditions of K0C and hands over them to the importerafter payment. he importer should also scrutinise the documents and ensure that thereare no discrepancies.

e& Appointment of C > F Agent:> In India# the procedure for clearance of importedgoods is very lengthy# time consuming and involves lots of legal formalities. herefore#it is advisable to hire the services of CQE agents who are well versed with suchformalities. he CQE 1gent prepares the bill of entry containing details of goods to becleared from the customs. In case# the CQE agent does not have relevant informationabout the goods to be cleared# he prepares a bill of sight in order to enable himself tophysically check the goods imported and prepare bill of entry on that basis.


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?(& C1ASSIFICA.I0, 0F 200DS F0R IMP0R. P01IC/ > ASS-SSM-,.

0F D'./

Most of the goods imported are assessed and valued for calculation of import duty

provided they are imported in terms of the Import ,olicy and evaluated for calculation ofcustoms duty by virtue of the nature of goods or by virtue of its end use. he importedgoods# which do not fall in parameter of the Import ,olicy# areA normally confiscated orallowed to be cleared only on payment of heavy penalty. ypes of Customs $uties

he following types of Customs $uties are levied on goods imported into or exported outof India7

a& Basic DutyF > asic duty is levied on all goods imported into India as prescribed in+chedule>I of Customs ariff 1ct. his duty is levied as a percentage of value of goodsimported or at a specified rate.

b& Au=i+iary DutyF > his duty was levied in addition to the basic duty prescribed underthe Einance 1ct every year. ;owever# with effect from %=th Eebruary )//9# thegovernment has withdrawn auxiliary duty.

c& Additiona+ or Countervai+ing Duty> his duty is levied on the total cost ofimported goods at the rate e8ual to excise duty on like goods when manufactured inIndia. his duty is levied to protect the domestic industry.

d& Specific Duty:> his duty is levied in order to counter balance the excise dutyleviable on the imports going into the production of such goods in India.

?($& Mode of 1evy of Customs Duty:

a& Specific Duties:> +pecific duty is a duty imposed on each unit of a commodityimported or exported. Eor example# 3s.' on each meter of cloth imported or 3s.'(( oneach .V. set imported. In this case# the value of commodity is not taken intoconsideration.

b& Adva+orem Duties:1dvalorem duty is a duty imposed on the total value of acommodity imported or exported. Eor example# '< of E.G.. value of cloth imported or)(< of C.KE. Value of .V. sets imported. In this case# the physical units of commodityare not taken into consideration.c& Compound Duties7 > Compound duty is the combination of specific and 1dvaloremduties. In this case# the 8uantities as well as the value of the commodity are taken intoconsideration while computing tariff. Eor example# '< of E.G.. value plus# '( paisa permeter of cloth imported.

?(& )a+uation of 2oods:


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Valuation of goods is done as per principles and down in Customs Valuation$etermination and ,rices. Gf Imported Boods- 3ules# )//=.

?(& Demurrage Charges

he goods imported and discharged in the Customs area are stored in the warehouses ofC"C or ,ort rusts or other designated authority. Initially# such goods are allowed to bestored freely for few days and thereafter demurrage or storage charges are levied. heEree ,eriodR for different cargo is different as under7>

a& Commercia+ and ,on#commercia+ Cargo:> : calendar days from date of landing.

b& 'naccompanied Baggage: # )& calendar days from date of landing.

$irect $elivery Eacility for Imports by 1ir7 > he facility of A$irect $eliveryA of goodsimported by air>is allowed in certain cases7

*a- Boods like fresh fruits# fro!en food# life saving drugs and appliances# V filmsF

*b- 1ny cargo re8uiring special handling or storageF and

*c- 1ny cargo in respect of which order of the $eputy Collector of Customs# 1ir Cargo5nit# have been obtained in advance permitting direct delivery.

?(E&BI11 0F -,.R/

he bill of entry is a document# prepared by the importer or his clearing agent in theprescribed form under ill of Dntry 3egulations# )/:)# on the strength of which clearanceof imported goods can be made.

"hen goods are imported in a particular country# the importer has to pay the necessaryimport duty. Eor this purpose# necessary information about the goods imported must begiven to the customs authorities in a prescribed form called bill of entry form. ill ofentry is a document# which states that the goods of the stated values and description in thespecified 8uantity have entered into the country from abroad. he bill of entry is drawn intriplicate. he customs authorities may ask the importer to supply other documents likeinvoice# brokerAs note and insurance policy# etc.# inA order to verify the correctness of theinformation supplied in the bill of entry form.

.ypes of Bi++ of -ntry:


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Eor the purpose of giving information in the bill of entry form# goods are classified intothree categories namely7

*a- ill of Dntry for Boods Imported for ;ome Consumption *"hite colored-7> his kindof bill of entry is used for clearing imported goods by paying customs duty at the port.

*b- ill >of Dntry for onded BoodsA *?ellow colored-7> his kind of bill of entry is usedwhen no duty is paid on imported goods and# therefore# they are transferred to customsrecogni!ed bonded warehouses.*c- ill of Dntry for Dx>bond Clearance for ;ome Consumption *Breen colored-7> hiskind of bill of entry is used where the importer intends to clear the dutiable goods# eitherin part or full# from a bonded warehouse by paying necessary duty.

Contents of Bi++ of -ntry

he main contents of the ill of Dntry are7*a- @ame and address of the importer.

*b- @ame and address of the exporter. .*c- Import licence number of the importer.*d-@ame of the port0dock where goods are to be cleared.*e- $escription of goods.*f- Value of goods.*g- 3ate and amount of import duty payable.*h- Gther relevant documents.

;owever# no bill of entry is re8uired in the following cases7*a- ,assengersA baggageF*b- Eavour parcelsF*c- Mail bags and ,ost parcelsF*d- oxes# kennels of cages containing live animals or birdTF*e- ,ost parcels ship stores in small 8uantities for persona# use.*f- 5n>serviceable stores# such as# dunnage wood# empty bottles# drums# etc.# ofreasonable value *below 3s. '(-F*g- Cargo by sailing vessels from Customs ,orts when landed at open bunders only.

PR0C-SSI,2 0F .4- BI11 0F -,.R/

Gnce the ill of Dntry is completed by the 1ppraiser# and the same has beencountersigned by the 1ssistant Collector# then it is forwarded to the Kicense $epartmentfor debit and audit# and thereafter returned to the importers for payment of duty in the1ccounts 0 Cash department. 1fter recovery of duty# the original ill of Dntry is retainedin the 1ccounts $epartment and the duplicate and other copies are returned to theimporters for getting the goods examined in the docks. In the $ocks# +hed 1ppraiser 0Dxaminer shall examine the goods# and if the consignment is in order# he will give the outof charge for payment of the ,ort rust Charges. his procedure under which =( to /(


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of the consignments are being cleared is known as the +econd Check ,rocedure. 1sagainst this# in the alternative procedure what is known as the Eirst Check ,rocedure# the+crubnising 1ppraiser in the Broup gives the examination order. he goods are thenexamined in the docks and the ill of Dntry returned to the +crutini!ing 1ppraiser forcompletion and licence debit. In this case# the Customs out of charge is given by the

1ccounts $epartment soon after the recovery of duty. his procedure is resorted to onlyin cases where the appraisers or the assessing Broup finds it difficult to complete theassessment on the basis of the documents made available.

he import consignment can be opened only by the proper officer of the customs forexamination of the goods lying in a Customs 1rea. Dxamination of cargo for assessment Upurpose is chiefly the function of the 1ppraising $epartment having special staff ofDxaminers in the docks 0 1ir Cargo shed.

Ahe result of the examination or weighment is noted on the reverse of the ill of Dntry.It is absolutely essential that records of examination and weighment should be made#

attested and dated at the time of examination or weighment. If examination or weighmenttakes place on more than one day# the result of examination or weighment made on eachis clearly recorded. he Gfficer at the same time# obtains on the documents theimporterAs or his accredited representativeAs signature on the entries made from day>to>day showing the result of weighment.

?("& A ,0.- 0, F0RARD C0,.RAC.

International contracts are either concluded in Indian rupees or in foreign currency. If thecontract is concluded in terms of Indian rupees# all relevant documents are prepared inIndian rupees and hence no conversion is involved. ;owever# if the contract is concludedin some internationally accepted currency then the importers have to pay Indian rupeese8uivalent. o the amount of foreign currency. "here the international contract has beenconcluded in foreign currency# an importer is always at risk due to adverse fluctuations inthe exchange rates in the international market. +uch risks can be avoided by the followingmethods7

*a- Invoicing the Boods in Indian 3upees7 > he first remedy to adverse movements inexchange rates is invoicing goods in Indian rupees. ;owever# foreign seller may notagree to invoicing goods in Indian rupees.

*b- Dntering into a Eorward Dxchange Contract7 > his is the most commonly practicedalternative for insuring the risks arising out of adverse movements in exchange rates.5nder this ad4ustment# the importer enters into contract with its bank to purchase fromthe bank# foreign exchange at a future date or period and the bank agrees to sell the firmthe foreign exchange on that date or during the agreed period at certain predeterminedrate agreed upon at the time of entering into contract. hus# the importer knows inadvance the exchange rate that he is going to pay on delivery of import documents.


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Chapter#

Import Products From China


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(7& Introduction:

"e are importing many products from China because products are very cheaper thanIndian market and they fullfill the needs of our citi!ens ecause of cheaper prices

products made in China are becoming more popular among the Indian masses.Cheap chinese products are kind of relief to the lower middle class in India. Companiesoperating in India are facing a good competition against these chinese products as Inindia middle class consumer market is very big which got badly affected because of theseproducts."ell consumer are basically two types >one who wants best features ataffordable prices# and the others who go with 8uality and brand tag. Chinese product havebenifitted the consumers of first category.here is a huge demand in India for low>cost# less durable consumer goods# from China.hese goods are very popular with people who wish to buy the fake versions of theirfavorite brands at throwaway prices.

hese products are being sold at the cheapest rate and wages of poor people has not beeinraised# therefore# they stick to these products due to their poverty.

(%& .here are many types of products 8hich 8e Import such as:

Products

Agricu+ture > Food

Appare+ > Accessories

Arts > Crafts

Auto Parts > Accessories

Bags5 Cases > Bo=es

Chemica+s

Computer Products

Construction > Decoration

Consumer -+ectronics

-+ectrica+ > -+ectronics

Furniture > Furnishing

4ea+th > Medicine

Industria+ -quipment > Components

Instruments > Meters

1ight Industry > Dai+y 'se

1ights > 1ighting

Manufacturing > Processing Machinery

Meta++urgy5 Minera+ > -nergy

0ffice Supp+ies

Security > Protection

Service

Sporting 2oods > Recreation
http://www.made-in-china.com/products/catlist/listsubcat/105/00/mic/Agriculture_Food.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/108/00/mic/Apparel_Accessories.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/111/00/mic/Arts_Crafts.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/111/00/mic/Arts_Crafts.htmlhttp://www.made-in-china.com/Auto-Parts-Accessories-Catalog/Auto-Parts-Accessories.htmlhttp://www.made-in-china.com/Auto-Parts-Accessories-Catalog/Auto-Parts-Accessories.htmlhttp://www.made-in-china.com/Bags-Cases-Boxes-Catalog/Bags-Cases-Boxes.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/114/00/mic/Chemicals.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/114/00/mic/Chemicals.htmlhttp://www.made-in-china.com/Computer-Products-Catalog/Computer-Products.htmlhttp://www.made-in-china.com/Computer-Products-Catalog/Computer-Products.htmlhttp://www.made-in-china.com/Computer-Products-Catalog/Computer-Products.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/120/00/mic/Construction_Decoration.htmlhttp://www.made-in-china.com/Consumer-Electronics-Catalog/Consumer-Electronics.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/123/00/mic/Electrical_Electronics.htmlhttp://www.made-in-china.com/Furniture-Furnishing-Catalog/Furniture-Furnishing.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/126/00/mic/Health_Medicine.htmlhttp://www.made-in-china.com/Industrial-Equipment-Components-Catalog/Industrial-Equipment-Components.htmlhttp://www.made-in-china.com/Instruments-Meters-Catalog/Instruments-Meters.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/129/00/mic/Light_Industry_Daily_Use.htmlhttp://www.made-in-china.com/Lights-Lighting-Catalog/Lights-Lighting.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/132/00/mic/Machinery.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/135/00/mic/Metallurgy_Mineral_Energy.htmlhttp://www.made-in-china.com/Office-Supplies-Catalog/Office-Supplies.htmlhttp://www.made-in-china.com/Security-Protection-Catalog/Security-Protection.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/147/00/mic/Service.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/147/00/mic/Service.htmlhttp://www.made-in-china.com/Sporting-Goods-Recreation-Catalog/Sporting-Goods-Recreation.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/105/00/mic/Agriculture_Food.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/108/00/mic/Apparel_Accessories.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/111/00/mic/Arts_Crafts.htmlhttp://www.made-in-china.com/Auto-Parts-Accessories-Catalog/Auto-Parts-Accessories.htmlhttp://www.made-in-china.com/Bags-Cases-Boxes-Catalog/Bags-Cases-Boxes.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/114/00/mic/Chemicals.htmlhttp://www.made-in-china.com/Computer-Products-Catalog/Computer-Products.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/120/00/mic/Construction_Decoration.htmlhttp://www.made-in-china.com/Consumer-Electronics-Catalog/Consumer-Electronics.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/123/00/mic/Electrical_Electronics.htmlhttp://www.made-in-china.com/Furniture-Furnishing-Catalog/Furniture-Furnishing.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/126/00/mic/Health_Medicine.htmlhttp://www.made-in-china.com/Industrial-Equipment-Components-Catalog/Industrial-Equipment-Components.htmlhttp://www.made-in-china.com/Instruments-Meters-Catalog/Instruments-Meters.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/129/00/mic/Light_Industry_Daily_Use.htmlhttp://www.made-in-china.com/Lights-Lighting-Catalog/Lights-Lighting.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/132/00/mic/Machinery.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/135/00/mic/Metallurgy_Mineral_Energy.htmlhttp://www.made-in-china.com/Office-Supplies-Catalog/Office-Supplies.htmlhttp://www.made-in-china.com/Security-Protection-Catalog/Security-Protection.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/147/00/mic/Service.htmlhttp://www.made-in-china.com/Sporting-Goods-Recreation-Catalog/Sporting-Goods-Recreation.html


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.e=ti+e

.oo+s > 4ard8are

.oys

.ransportation

Some Important Products 8hich 8e import in huge quantity are as :

(?& Agricu+ture and food products:#

Introduction:

China is the worlds sixth largest economy and its most populous country# home to ).9billion people or %)< of the Darths total population. ut it faces a ma4or challenge inproviding its people with food P China has only )(< of the worlds arable land and only

one 8uarter of the average world water resources per person.

1gricultural reform has therefore been a ma4or pillar of the fundamental economicreforms undertaken by China since )/:=# resulting in a gradual transition from a centrallyplanned economy towards a socialist market economy. he commune system wasreplaced by one where individual families lease land from the collectives# ensuring thatalmost all rural households have access to land. hen# rural industries started to expandand absorbed a large part of farm labour. he reforms have achieved a sharp rise inagricultural production together with a dramatic fall in poverty and a significant

improvement in the amount and 8uality of food available.

Re+ated products are:
http://www.made-in-china.com/products/catlist/listsubcat/138/00/mic/Textile.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/138/00/mic/Textile.htmlhttp://www.made-in-china.com/Tools-Hardware-Catalog/Tools-Hardware.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/141/00/mic/Toys.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/144/00/mic/Transportation.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/138/00/mic/Textile.htmlhttp://www.made-in-china.com/Tools-Hardware-Catalog/Tools-Hardware.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/141/00/mic/Toys.htmlhttp://www.made-in-china.com/products/catlist/listsubcat/144/00/mic/Transportation.html


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(?(i& FroGen )egetab+es :

*Ero!en Vegetables -

Ero!en green bean# fro!en broccoli# fro!en green peas# fro!en green asparagus# fro!enspinach# fro!en chopped spinach# fro!en taro# fro!en green pepper slices# fro!encauliflower# fro!en lotus root# fro!en 3omano beans# fro!en black fungus# fro!en diced

(?(ii& Food P+astic Bag

Product DescriptionEeatures +pecifications7 ,lastic Kamination ,ouch0plastic bag0lamination bag0food bag0

Vacuum pouch0packaging bag

)- Material7 Kamination from high 8uality G,,# ,D# ,1# C,,# 1K# ,D for thepackaging bag

%- +uitable for do!ens of food packaging# pet food# beverage# agriculture# dailyChemical products and tea packaging
http://image.made-in-china.com/2f0j00svktAeBqLclT/Food-Plastic-Bag.jpghttp://image.made-in-china.com/2f0j00OMoEZfJsLcuH/Frozen-Vegetables-QDABL-006-.jpg


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9- Bood printing 8uality# low temperature heat sealing property# high transparency#Dxcellent moisture# oxygen and gas barrier.

(& -+ectrica+ > -+ectronicsproducts :#

Introduction:

7 India is heavily dependent on imports of electronic goods from countries like the 5+and China to meet its domestic demand. RMeagre spending on 3Q$ by electronicsindustry has increased Indias dependence on electronics imports .

India had imported electronics goods worth 5+$ )/.:: billion in the recent times# whilethe export earnings were 5+$ 9.): billion# the study said adding that more than :(percent of electronics appliances demand is met through imports.R...more than 9' percentof electronics appliances imports in India are sourced from China#R

Re+ated products:

((i& AC Motor /B% Seires -=p+osion Proof Motor&

Introduction:

1C Motor *?% +eires Dxplosion ,roof Motor-

Mode+ ,0(: ?%Standard: IDCProductivity: '(((0month'nit Price


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((ii& Car Refrigerator DC#%%/&

Introduction:

Car 3efrigerator *$C>%%?-

Pac*ing: normal standard package

Mode+ ,0(: $C>%%?Standard: "'(/$9)(;9/&MMProductivity: %(((pcs0month'nit Price%(KCertification: CD)o+tage: )%V

Product DescriptionCar cooler0mini cooler0cooler box0car fridge0Compressor refrigeratro0carrefrigerator0mini refrigerator0portable refrigerator0outdoor cooler

FeaturesDxtremely powerful $C compressor cooling system. oundless independence for alloutdoor enthusiasts +ilent and convenient cooling comfort anywhere. Multifunctionally#fridge and free!er all in one# Dxtremely high reliability and long life expectancy.,olyethylene rotomoulded body# unbreakable Q rust free# $igital control with KDC

display. Compact overall si!e# easily accommodate anywhere.

Item no. $C>%%?emperature >)=T)(W C*&(T&'W C below ambient-3ated Voltage 1C %9(V0'(T2(;! or ))(V02(;!,ower Input $C 29"Cooling type $C Compressor cooling system3efrigerant 3)9&a *CEC>Eree-
http://image.made-in-china.com/2f0j00dBeQFImZPhqv/Car-Refrigerator-DC-22Y-.jpg


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Isolation C>pentane *CEC>Eree-"eight )96B0net# )'6B0gross5nit +i!e "'(/$9)(;9/&MM,acking +i!e "'9%$9:2;&''MMKoading Suantity 99(pcs0%(B,# 22(pcs0&(B,# 22(pcs 0&(;S(.

((iii& Air Conditioner

1ir ConditionerProduct DescriptionCG,X&.'# powered by &=0%&V$C# his series products can be widely deployed for elclosed area climate control such aswireless communication caniet# battery cabinet# industry control cabinet etc.

the internal and external interface of product is I, '' level to avoid moisture# dust#water penetrating into inside of enclosure# inside electronics e8uipemnt is completelywell protected. applicable for severe ambient environment# such as high temperature# high humidity#high corrpsion atmosphere.

Product design feature less dehumidifying comparing traditional air conditioner environmental friendly refreigerant such as 3)9&1 heat pressure smart control function to enable active cooling work in winter season completely safety protected accordingly 5K# D@# CCC norms alarming output to monitoring system interchangeable and visual display adapter for service automatic self start after power recovery remote control through 3+&=' comm. ,ort proper design for easily intallation and service side0door mounting applicable for 9 condition
http://image.made-in-china.com/2f0j00CMwEgQjKYfuU/Air-Conditioner.jpg


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((iv& B+uetooth Car 6it -SB?!%&

Introduction:

luetooth Car 6it *D+9(%-,acking7 listerModel @G.7 D+9(%+tandard7 CD# 3G;+,roductivity7 )((60Months0rigin: +hen!hen# ChinaMin( 0rder: '((,C+.ype: luetooth Car 6it-=port

Mar*ets:

@orth 1merica# +outh 1merica# Dastern Durope# Dastern 1sia# "esternDurope#India

Product Description> +afe $riving with entertainment> +teering wheel luetooth Car 6it with $+,# support luetooth hands>free phone call> C3+ luetooth version %.(YD$3> KC$ $isplay for caller I$# fre8uency# se8uence# etc> +upport last phone call redial> uilt>in speaker and Micro>phone for phone talking> "ireless headset for privacy phone call also with earphone 4ack> uilt>in re>chargeable battery> uilt>in EM ransmitter with %(2 preset channels> ,lay M,9 from E or +$ card in "ith E or +$ card slot in car stereo system

*&.&.v- So+ar System Battery Series 7%)7!!S
http://image.made-in-china.com/2f0j00UBrtIGugsvcm/Bluetooth-Car-Kit-ESB302-.jpg


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Introduction:

+olar +ystem attery +eries )%V)((+Model @G.7 )%v)((+.rademar*:KG@B"1?

Product DescriptionModel7 2fm)((g*)%v)((ah0)(hr-si!e7 9%:):(%)2 *total height %%9 - mmmore si!e availableterminal7 b)(hr7 )('ahpacking 8ty7 ) pcs0ctn:'( pcs0containerlead>time7 )' days for one containerapplication7 ups# inverter# solar systemoem acceptablebattery )%v)((ah7 )('ah0)(hrhs code7 ='(:%(((trademark7 long waymodel7)%v)((ahstandard74is iecproductivity7 &(#((( pcs

unit price0payment7 fob cif cnf0tt or l0c at sightorigin7 guangdong# chinapacking7 )pcs0ctnmin. Grder7 2( pcstransportation7 by sea

((vi& 0ffset Dish Antenna /4$6'#I)&Sate++ite $cm
http://image.made-in-china.com/2f0j00IMatlTcGqikS/Solar-System-Battery-Series-12V100S.jpg


29/46

Introduction:

&'cm Gffset +atellite $ish 1ntenna *?;&'65>IV-Model @G.7 ?;&'65>IV

+tandard7 CD Q 5K,roductivity7 %((# (((pcs0month5nit ,rice0,ayment70 in advance or K0C.rademar*: ?oohon

Product DescriptionMaterial7 +teel board+urface7 ,olyester powder coating+hort axle7 &'cmKong axle7 &/.'cm6u waveband gain at )%.'B;!7 9&.%%d

E0$ radio7 (.2Eocal distance7 %:(mm+tand7 "all and0or ground mount1ngle of elevation7 ( to /(Z CKevel7 ( to 92(Z C

"ind speed7Can receive7 %'m0secCan replace7 &(m0sec"orking temperature7 >&( to Y2( Cop of Eormottom of Eorm

((vii& Radio ith 'SB And SD 2F#%?&

Introduction:
http://image.made-in-china.com/2f0j00BMeEcqSKkkoD/Radio-With-USB-And-SD-GF-723-.jpg


30/46

3adio "ith 5+ 1nd +$ *BE>:%9-Model @G.7 BE>:%9Min( 0rder:)2((pcs

Product Description7

1m0fm % band radio5+ function# with sd$C7 2v

*&.&.viii-App+iance or+d and 4ome .heater # .he or+d 0f-+ectronic 2oodsH

1ppliance and "orld and ;ome heater is the safest option if theyare looking for electronics and other appliances. he store known

for its 8uality products is one of the leading electronic stores . he store offers the bestprices and products to its customers. he products of almost all the leading brands can befound here. Erom "hirlpool to KB to BD# the products of all big brands are availablehere. he staff is very friendly and cooperative and they make sure that their customersget the best offers. 1ppliance "orld and ;ome heater is thus the obvious choice for thepeople of our country. Its products are of supreme 8uality and extremely durable. ItAs hardto find better products than what one gets at this store. Erom dishwashers to microwavesto refrigerators# the store offers the best in everything. he latest models are displayedhere and customers can carefully look at all of them before choosing what suits them thebest. Dverything related to their stores can be found out on the website. Erom the storeAsaddress# nearby landmarks to its phone number# everything can be traced from the site. 1site map is also present which describes the routes in detail. 1ll this makes it easier forthe customers to locate the store. he site also tells the timings of the store so that peoplecan plan their visit accordingly. It mentions the days on which the stores are closed toavoid any inconvenience.

($& 0ther Products

($(i& Fa*e Brand Shoes
http://electronicgoodsinformation.blogspot.com/2010/03/appliance-world-and-home-theater-world.htmlhttp://electronicgoodsinformation.blogspot.com/2010/03/appliance-world-and-home-theater-world.htmlhttp://electronicgoodsinformation.blogspot.com/2010/03/appliance-world-and-home-theater-world.htmlhttp://electronicgoodsinformation.blogspot.com/2010/03/appliance-world-and-home-theater-world.htmlhttp://electronicgoodsinformation.blogspot.com/2010/03/appliance-world-and-home-theater-world.html


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Detai+ed Product Description

eautiful seasons#fresh products[ "ith our fashionable brandshoes# you will make this season more wonderful.

he shoes of $unk# @ike# ordan# ap 1ir force can give your feet a comfortable andeasy home[,opular shape# fashion design and various colors show you a perfect picture.Many choices are prepare for you#no matter you are men# women or kids.+o pls 8uickly visit to our website for these lovable leisure prodcucts. and tell me youridea with by your convenience.

Chapter 9 $

Chinese Mar*et in India

$(7& Introduction:

een to a market which glows with right 3ed Color in the morning and light bulbs inthe night. If not# then this is the market where you should go. Eilled with 3ed colorproducts# be it electronic items# toys# dolls# dresses# carpets or curtains. 1 variety of
http://upload.ecvv.com/upload/Info/200801/C2006119212944549191_Gifts_for_your_feet.jpg


32/46

products can be found in the Chinese Market.

"ith the Indian Market flooding with Chinese Boods# this is one place where ChineseBoods are sold at length. rightly colored# cheaply priced and good to use for a couple amonths# these are liked by the people who cannot afford very highly priced products or

by those who do not have a long term use of the particular item.

*'.%- 1ocation7 Chinese Market is located near the 6irti @agar Mall of Gld $elhi. It canbe easily reached by cabs or taxis.

Fast Facts

City @ame > @ew $elhiMarket @ame > Chinese MarketEamed Eor > Chinese ,roducts.

Kanguage +poken > ;indi# Dnglish# Chineseest ime to Visit > @ovember to Eebruary

$(?& Shopping Spree in Chinese Mar*et :

\ Meena BaGar#his Market opened by @oor ahan for the ladies# still stands todayFthough the look and the products sold here have changed with the time. ,erfumes#1rtificial ewellery# Keather ,roducts# +ouvenirs and raditional $resses are the mainattractions of Meena a!ar.

\ Chinese BiGaree#he first name which comes with the Chinese Market is the oys.right red colored toys with the combination of yellow and Breen# its one of the placeswhere you can really buy Cheap oys for almost all ages. hen there are the clothes >polyesters and tervinyls are names here to be found in every second cloth shop. here isanother thing for which Chinese Market is famous for > Dlectronic goods. 1lmost everyelectronic good can be found here > spare parts# sockets# wires# full pieces all are here.he prices of these items are also very cheap but there is no warranty for these goods.;ow long they will work is no ones headache. ut there is one Buarantee > even if theDlectronic good works for a day# then it will be the best [

Chinese Market is usually crowded# with lots of people coming here on an average. "iththem comes the noise and the voices of thousands of feet > but that is the main attractionof the $elhis Chinese Market.

$(& Suggestions:

Chinese Market is all about second grade Chinese ,roducts. @one of the Indian ,roductscan be found in the Chinese Market.


33/46

Chinese ,roducts are cheaply priced but they have no guarantees. Its upto you to buythem.

1ll the Dlectronic items sold in the Chinese Market# come with one agenda > use andthrow. oys can be purchased from here.

+ome of the average 3estaurants and eating oints can be found here. ut its preferable tohave food in your ;otel.

If you are coming to the Chinese Market# then make a half day plan to see the entireMarket. 1s there will be all time walking# then there should be some time to rest.

If you are shopping in the months of March to une end# then its best to shop in theevenings after 2 oAclock.

eware of the hugs in the Chinese Market. hings once lost cannot be recovered

because of the huge Crowd in the Market. Its better to leave the Valueables like passportin the ;otel Kocker.

Money Converters can be easily found in $elhi City. ;owever# its difficult to find themin Chinese Market and the around areas. ;owever# you may find one or two ranches of"estern 5nion in the corners or else you can go to ank of India and +tate ank of Indiafor Money Conversion.

Chapter 2

Impact of Chinese products in India7

Introduction

(7& Impact on our -conomy:


34/46

Cheaper prices products made in China are becoming more popular among the Indianmasses. his has had a very negative effect on our own manufacturing units and as aresult many of them have had to shut shop.

he Chinese goods have invaded almost all the sectors of Indian market and seem to be

bringing tougher times for the Indian Industry. ecause of wide availability of cheap andapparently technologically advanced Chinese goods# many economists fear decline oflocal manufacturing units or the small>scale industry in India. he rise in demand andsudden popularity of Chinese products# which are available at cheaper prices# is givingnightmares to the Indian industry to the extent that they have started sticking Made inChina stickers on their products to boost their sales.Chinese manufacturing units produce goods on a large scale. hey are using the bigIndian market merely to dump their products and by doing so they are killing the Indianunits. Eor example last year during $iwali# China made crackers were sold in the Indianmarket. hese crackers reportedly contained +ulphur. +ulphur is more harmful than

@itrate# which is used in India to make crackers. +ince the Chinese crackers were cheaperthan the Indian crackers# so they managed to attract gullible and largely illiterate Indianlot. 1s a result the Indian cracker industry saw a decline in the revenue.

China is our ma4or competitor in sectors like software# hardware# electronics etc. "eshould not allow China to dump their excess produce here. he small>scale industry *++I-contributes 9'>&( per cent to the total manufacturing in India. +o it is the ++I# whichsuffers most because of Chinese goods. Eor instance# data reveals that 2( per cent of theindustrial units in the industrial belts of hane and hivandi near Mumbai have beenclosed down. Many small>scale Indian companies have stopped manufacturing their owngoods as now they import them from China. hats why many Indian workers have losttheir 4obs. his shows that the ob4ective of ++Is of providing employment to the ruralyouth of India is defeated completely.

In the last one decade Chinese labour has developed the skills of manufacturingelectronic goods like semi>conductors# telecom e8uipment# power e8uipment etc# whichhelped them to capture big markets of 1merica and Durope. It is no surprise that theyhave been successful in capturing the Indian market too. 1lthough Indian labour can meetthese challenges by improving their skills# the Indian manufacturing scenario is hampereddue to stringent and weak labour policies.

It is the high time that our political leaders change their mindset and bring about the rightkind of reforms without losing precious time in endless discussions. "e must takenecessary steps so that we do not fall prey to the $31BG@s designs of capturing ama4or share of our growth# which could prove to be a setback for our economy in thefuture.

(%& Cheap imports may hit Indias stee+ mar*et:


35/46

India ] Chinas decision to cancel export duty on some )(% steel products could see itflood Indian markets with cheap priced steel items# the Indian steel industry feels.he industry is already reeling from falling demand# crashing prices and highproduction costs.China# the worlds largest steel producer# announced two weeks ago that it would remove

the ' percent levy on steel exports from $ecember )# to boost its steel industry# which hasbeen severely hit by the global slowdown.1ccording to industry sources in India# exporters in China have started shipping steel toIndia at ridiculously low prices# in a bid to clear stock. $ue to the removal of the exportduty# Chinese steel prices# currently# the cheapest in the world will encourage alreadysliding local demand to shift to Chinese imports.he current global economic slowdown has led to a decline in the demand for steel andthereby the prices# whereas# the prices of raw materials for steel industry have remainedfirm over the period# affecting the viability of the sector. Keading steel companies like+teel 1uthority of India and +" +teel have reported %' to 9( percent dip inconsumption demand and have# conse8uently# resorted to production cuts.

;owever# the local steel industry faces a much harder blow from imports. 1ccording tothe steel ministry# Indias steel imports have shot up '( percent to about 9 million tonsfrom 1pril to +eptember last year# compared to the same period last year# out of which atleast a million ton came from China. he fear is that with China taking measures toboost exports and with no ade8uate protection within the country# much more of Chinesesteel will start entering in the next few months impacting the local market severely..In a recent address to the industry# minister for steel# 3am Vilas ,aswan said that at thecurrent rate of imports# India may end up importing 2 million tons of steel by March %((/accounting for over )( percent of its current steel production# which is '=.2& million tons.he reason why India is scared of China the most compared to other steel exporters >>after all India also imports steel from 5kraine and aiwan where prices are almost ascheap >> is the fact that Chinas steel industry too is suffering from excess production andfalling consumption# which are forcing it to adopt aggressive measures to ship outexisting stocks.1ccording to Market 1venue# a ei4ing based business intelligence outfit# China will add'( million tons to its steel production capacity this year# which will take its total output to&(( million tons by the end of the year.ut# even as China is producing capacity relentlessly# its consumption is taking a hit.+teel usiness riefing# a China>based steel consultancy outfit predicts that steelconsumption in China will grow by only =>)( percent in the second half of next year# aslittle as half the )2 percent growth seen in %((=.@evertheless# heeding the industry pleas for taking it out of a serious situation# India re>imposed a duty of ' percent on steel imports last week. he duty was removed sixmonths ago to stall steel prices in the country that were ruling at all>time highs of over5+H)#)(( per ton. Moreover# import restrictions were also imposed on some items offinished steel products like seamless tubes and pipes from China.+till# the industry says# thats hardly enough. he ' percent *import- duty may not beade8uate because despite the duty# the landing cost *of imports- is lower than theproduction cost of local steel makers. "hile China is offering steel at 5+H&&( per ton#


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domestic prices in India are ruling at almost 5+H:((. +o# the latest duty would pushimport cost by 4ust 5+H%% per ton.

(?& Cheap Chinese goods harming Indian industry:

he government is taking measures to counter the threat posed to the domesticmanufacturing sector in India# especially from the small and medium scale segment# fromcheap and subsidised Chinese products# the commerce ministrys said today.India imposed anti>dumping duty on Chinese goods in %% cases# including final duty in)% cases and provisional duty in )( cases# during %((=>(/ and %((/>)( *up to @ovember%((/-. Einal safeguard duty was imposed in & cases during the two years# a governmentrelease said today.

hese duties are in accordance with the 1greement on 1nti>$umping *the agreement onthe implementation of 1rticle VI of B1# )//'-# the agreement on subsidies andcountervailing measures# and the agreement on safeguards# the release said.

hese provisions are aimed at offsetting the adverse effects of AdumpedA imports#AsubsidisedA imports or AincreasedA imports# it added.IndiaAs merchandise imports from China doubled during the last 9 years to 3s)#&:#2('crore *H9%.(' billion- during the financial year %((=>(/ from 3s)#(/#))2 crore *H%9.2/billion- in %((:>(= and 3s:/#((= *H):.)2 billion- in %((2>(:.

he government said trade defence measures are available to the domestic industry tocounter unfair trade practices followed by exporters of goods from other countries.In case a product is imported into the country at less than its normal value# and it causesin4ury to the domestic industry# the domestic industry can make an application to the$irectorate Beneral of 1nti>$umping and 1llied duties *$B1$- in the department ofcommerce for imposition of anti>dumping duty# the release said.

1lternatively# the affected industry or unit can make an application for imposition ofsafeguard duty to the $irectorate Beneral of +afeguards under the ministry of finance# incase there is serious in4ury0market disruption# or threat of series in4ury0threat of marketdisruption to the domestic industry# as a conse8uence of increased imports of an articleinto the country# the release added.

5nder section 9 *%- of Eoreign rade *$evelopment and 3egulation- 1ct# )//%# thecentral government has an inherent power to impose restrictions on import of goods.he Customs ariff 1ct# )/:' includes provisions for providing relief to the domesticproducers against in4ury caused to them by imports.
http://beta/en/news/2010-01-22/cheap-chinese-goods-harming-indian-industry-government-newshttp://beta/en/news/2010-01-22/cheap-chinese-goods-harming-indian-industry-government-news


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(& hy are 8e Importing e+ectronic products from chinaJ

ho+esa+e -+ectronic Products # Reasons to Buy From China

China is now being considered as one of the biggest giants in producing electronics itemsin reasonable price range. herefore# those in trading business of imported electronic

items may find it convenient to have electronics goods buy from China. Dveninternational locations like 5+1 and some Duropean traders are importing electronicsitems from China at regular basis. Consistent supply# good 8uality# and reasonable priceare three pillars of electronics export market of China.

If a business unit wants to buy from China at wholesale rate# it has to follow some easymethods of import. ecause of the flexible import policies# business with China is easyand hardly needs any special effort to run the business under smooth spell. heelectronics goods from China are of good 8uality and highly affordable thus proves cost>efficient for trading. he market trend of China has reached at its full pace due its widearray of goods# especially of electronics items# which is manufactured at the fraction of

its regular cost with accuracy and precision.

;owever# in case of electronics products# the one of the prime reasons to buy from Chinafor the importers is its good and consistent 8uality in spite of its low cost. In the samecategory products from apanese origins are costlier as well as import policies are not thatflexible as China policies. If an importer approaches China ship agents to coordinate theimport sale deal it has provision for minimi!ing over all cost for the entire businesstransaction. ;owever# it is always better to skip the involvement of middlemen in thecourse of the import business otherwise unit price for the electronics item will be higher.

"hile planning to purchase from China# it is always recommended to contact Chinavessel agents and they can help the importer to find out the best possible deal in terms ofprice in electronics products. In short# for running import business# the involvement ofshipping agent will help to keep the wholesale electronic goods prices at the lowestrange. Gn the other hand# the combo of 8uality and aesthetics has kept the demand ofChina electronics products ahead of other products of the same category.

3ecent research and study have shown the fact that the technological advancement ofChina electronics industry has made the production 8uality of China with +outh 6orea#apan# and even with the electronic goods made in aiwan and it has merged as one ofthe leaders in 1sian force of electronic consumer goods industry in %)st century. esidesthis ranking# China is ranked as one of the most eye>catching consumer market onelectronics items from the investment point of view. hese statistics has expressed thefacts that China export market of consumer electronics item has taken a steady pace andit is worth importing consumer electronics item from China.

China has been now tagged as the world factory of electronics goods item at reasonablylower costF the low> set up cost to low> labor cost and corporate low tax level has helpedthe price tag to be on the lowest side and good 8uality against low price factor has
http://electronicgoodsinformation.blogspot.com/2010/05/wholesale-electronic-products-reasons.htmlhttp://electronicgoodsinformation.blogspot.com/2010/05/wholesale-electronic-products-reasons.html


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emerged as one of the main reasons to buy from China market for the importers acrossthe world.

($& Chinese 4andsets F+ooding the Indian Mobi+e Stores:he Indian mobile phone market is flooded with new handsets every week. Makers fromall over the world are recogni!ing the potential of the Indian markets. Manufactures areadhering to the needs of the people and are customi!ing their handsets to suit the Indianbuyers. he urban market has been exploited and the penetration is soaring this is evidentwith the growing number of mobile stores. he semi>urban and rural markets are next inline to avail this convergent medium of communication.

he low priced Chinese handsets are becoming an easy buy for the Indian consumers.he lifestyle handsets are not yet preferred of Chinese origin but the entry>level ones arehighly popular. he cheap pricing with basic functions suits the routine of the semi>urban

and rural crowd in India. "hile most unaware of Dnglish language the 3s. =(( handsetfrom +pice mobile has no display screen but a voice based application which helps indialing numbers.

he mid>range handsets are not yet populari!ed by the Chinese products and so is thehigher end range. he bu!!word in the Indian mobi+e industryis the rural market theChinese makers are raking in business and profits. Grpat# a watch making company alsoentered the rural mobile market industry by manufacturing their handsets in China. It isabout time when mobi+e handsetsare extensively produced in India. "hile being one ofthe most communication hungry nations it should thrive to start production for the same.

o venture into this obvious growing market mobile phone producers thought of openingmanufacturing plants in India. ut due to the bureaucratic structure the process waselongated. hus many manufacturers moved their base to China for production. heIndian mobi+e phonemarket is flooded with handsets produced from China but marketedand sold in India. Dven Chinas big guns in mobile production like ND# irdInternational and 6e4ian have forayed into the Indian mobile phone market and areexpanding. ND has a huge share in the C$M1 *Code Division Mu+tip+e Access-market. Most of the entry level# basic utility phones to mid>range phones is manufacturedby ND. hey supply handsets to players like 3eliance Communications and ata

eleservices. Dven +pice mobile which has been famed for its dual>sim capacityhandsets it also rolling out a series of cheap handsets. hese handsets will be priced aslow as 3s. =((. "ith the kind of technology and marketing the costs could be furtherlowered. It is about time we see the rural markets flaunting mobi+e storesand themobiles selling like hot cakes.
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*2.2- Chinese goods are creating prob+ems:

China the growing market is producing the cheaper goods and exporting to all over theworld. Many goods are manufactures in china and you can always see Made in china

label even you purchase an electronic $V$ or KC$ from 5+1 or 56. In China the costof manufacturing is very less because of cheaper labour and bulk 8uantity of theproduction. ;ence the Chinese goods are much cheaper compare with local productsecause of this every company like +ony# ,anasonic etc will manufacture their goods inChina and import them to their countries. Gf late many countries are not allowing theChinese goods to be imported to their countries. he examples are 5+1 has bannedChinese toys as these creating health problems to children# the milk powder also bannedChinese goods are dumped every where# you can see China market every nook andcorner of the country. he most popular goods are plastic # home appliances# watches#cell phone and even the ;indu gods photos also printed in china. Many people flock toChina markets because of the cheaper cost compare with local goods. Many

manufacturing companies like 1uto mobile and tyre are also facing the heat. Manycompanies are protesting to ban the Chinese import# the import of Chinese goods areharming the local markets. he latest is anarasi saree industry in Varanasi +cores ofhandloom weavers took to streets. Varanasi# famous for its world renowned anarasisarees# against the cheap 8uality Chinese imitation products flooding the market. heanarsi saree industry has also been adversely affected due to the import of cheapChinese fabric. ,owerloom owners have been producing cheap imitation products atvarious places# helped by computer>assisted copying of designs. 1ccording to protestorscheap imitation products are doing roaring business while highly skilled weavers whoproduce the original product suffer.

RDarlier we used to do good business in anarasi sarees# but slowly it started falling#because of the Chinese sarees which are being sold at lesser price than our sarees.anarasi sarees re8uire more labour# money and expensive raw material# but people areselling imitation of anarasi sarees in cheap 8uality Chinese material# so our business isbeing affected badly. 1fter facing lot of hardship we have today decided to take to streetsas for how long can we go on living in penury^R said 3a!ia egum# a protester.1ccording to data available through @on>Bovernmental Grganisations *@BGAs- workingwith the weavers# the number of people employed in the once thriving industry hasreduced from around :((#((( people to %'(# ((( people only.Imports from China to India had galloped pace from H)) billion to H%: billion in the lastthree years. 1mong all the countries in the world# India imposed the maximum measuresand ordered the highest number of probes *9)- into dumping of goods from differentcountries# including China# during uly ) to $ecember 9)# %((:# according to the "orldrade Grganisation.

Chinese products faced the maximum number of anti>dumping measures# accounting fornearly half *%2- of the '= new measures. China was most fre8uently sub4ected to newinvestigations# with &( measures directed at its exports between uly and $ecember %((:#slightly up from the 9/ investigations on exports from China that were reported for the


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corresponding period of %((2. +ectors that are hit hard with imports from China aremachinery and e8uipment# chemicals# textiles# base metals and auto components+olutions_ Bovernment should ban the imports of Chinese goods immediately_ 5nder intellectual property rights patenting should be encouraged for traditional goods

like anaras saree# an4ore painting etc_ ,eople also should not flock for cheaper goods as these good are not good as far as8uality is concernIf correct measures are not taken immediately the manufacturing industry# traditionalindustries like anaras saree will face problems.

Chapter #

Chinese goods: Boon or baneJ

(7& Boon or Bane:


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he recent flooding of Chinese goods into the Indian market has raised a hue and cry# andthe 8uestion whether we should accept this silently. Erom the narrow viewpoint of theaverage consumer# sufficiently satisfactory 8uality goods are available at roc k>bottomprices. Eor instance# the prices of China>made compact fluorescent lamps are less thanthe prices of lamps of well>established Indian brands# and of comparable 8uality.

"ith the tremendous explosion of communications technology# countries are finding itincreasingly difficult to maintain closed>door policies. Consumers are becoming moreaware of the availability of various technologies. he inefficiencies of companies a reexposed to competition from efficient enterprises# and the market share of the laggards isdiminishing rapidly.

raditional manufacturing industries in India were reaping profits at the cost of bothconsumers and workers till the early )/2(s. "ith the growth of socialism# the workersstarted asserting themselves under the banner of trade unions. $ue to this pressu re#public sector units registered tremendous growth and large private enterprises were alsoable to record higher profits.

In the early )/=(s# with liberalisation# the ma4ority of non>Keft parties# in cooperationwith various industry associations and some economists with `western outlookA# startedsupporting the idea of globalisation at the cost of national interest.Gne basic fact that cannot be ignored is IndiaAs large population of diverse culture andreligion. Dven China >> with its large area and population >> is not comparable. o keepthe country together with a socially stable set>up# the Indian model of econ omicdevelopment has to be different from traditional "estern models.

he right economic model should provide social stability in terms of gainful employmentfor the masses. ut the new economic model# with the advent of information technology#has given rise to a new class of people whose salary levels# on the one hand# h ave risento di!!ying heights and# on the other# reduced the employment opportunities of themiddle>classes.

Grganised industry has resorted to employing labour contractors on a daily>wage basis#bypassing the statutory provisions of facilities and# in effect# reducing the wage levels forthe ma4ority. Dven very profitable concerns have lured employees into vol untaryretirement schemes. 1s a result# people below retirement age# who opt forsuperannuation# come back to the 4ob market with the advantage of experience.his process helped capitalists exploit the toiling millions. he @,1s stand testimony tohow our nationalised banks are being systematically looted to promote a few whilekeeping the ma4ority of the workers below the re8uired wage levels.he governmentAs globalisation policy was welcomed initially by the industryassociations for two reasons7 o dismantle the last semblance of labour laws and to divest,+5s and nationalised banks with the supposed aim of increasing efficiency and removing @,1s from their books.@ow# when these industries face the onslaught of globalisation on home turf *in the formof cheaper Chinese products-# they are again pleading that there is no labour law inChina. his parochial campaign must be exposed. "ith the fruits of the increased sales


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by these industries failing to reach the common man# the availability of cheaper Chineseitems definitely spells relief for him.

(%& Advantage and Disadvantage of Chinese Products:

Advantages:

*)- Cheaper price benefits the consumer*%- Cheaper raw materials are beneficial for industries*9- Importer and trader makes money by selling goods.*&- Import business leads to some employment generation*'- Bovernment collects tax by way of customs duty.*2- It may lead to competition which in turn may lead to better 8uality products.

Disadvantages:

*)- Cheap imported Chinese products kill competition and local small scale industriessuffer. +ometimes# may close down.

*%- Closure of local industries due to Chinese imported goods# may lead tounemployment.9- It may also lead to loss of revenue due to the closure of local industries.*&- Closure of local industries may also lead to social unrest arising out of unemploymentof staff and employees*'- Cheaper goods means cheap 8uality and consumers may suffer on (
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43/46

C0,C1'SI0,

I have comp+eted my thesis report on IMP0R. 0F C4I,A C4I,-S- and found

that documentation and procedure for import is very crucia+ and important5

8ithout these the e=port#import can not be done(

2ood documentation and procedure of import is very necessary and it shou+d be

e=ecute very carefu++y and sincere+y( .he documents and procedure is necessary for

both importer as 8e++ as e=porter(

R-F-R-,C-

Sites:

888(a+ibab(com

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