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Seminar Report submitted for Requirements For the Degree of MBA By Sheenam Parveen (09-MBA-52) Under the Supervision of Mr. Vivek Bansal
Department of Management Studies UNIVERSITY COLLEGE OF ENGINEERING RAJASTHAN TECHNICAL UNIVERSITY, KOTA MAY 2010
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 Bansal who at a very discrete step in study of this seminar contributed his valuable guidance and help to solve every problem that arose and opening the doors of the department towards the realization of the seminar report. Most likely I would like to express my sincere gratitude towards my family for always being there when I needed them the most. With all respect and gratitude, I would like to thank all the people, who have helped us directly or indirectly, I owe my all success to them.
This is to certify that the seminar entitled “Impact of Chinese products in India” submitted by Sheenam Parveen (09/MBA/652) in the partial fulfillment for the award of Master of Business Administration degree, to Department of Management Studies, Rajasthan Technical University, Kota, is carried out under my guidance.
(Mr. Vivek Bansal) Date: 24.5.2010
Chapter – 1 PROFILE (1.1) CHINA COUNTRY PROFILE
Country Facts Area: 9,956,960 sq km (3.7m sq miles) Population: 1.29 bn Capital City: Beijing People: Han Chinese make up around 92% of the population. The remaining 8% is comprised of 55 minority ethnic groups. Official Language: Mandarin (Putonghua) with many local dialects. Religion(s): China is officially atheistic, but there are 5 State-Registered religions: Daoism, Buddhism, Islam, Catholic and Protestant Christianity. Currency: Yuan or Renminbi (RMB) Major political parties: Chinese Communist Party Government: There are 4 major hierarchies in China: the Chinese Communist Party (CCP), the National People's Congress (China's legislature), the government and the military. The supreme decision-making body in China is the CCP Politburo and its 9member Standing Committee, which acts as a kind of 'inner cabinet', and is headed by the General Secretary of the Chinese Communist Party. The National People's Congress (NPC) is China's legislative body. It has a 5-year membership and meets once a year in plenary session. However, in practice it is the CCP who takes all key decisions. Head of State and General Secretary of the CCP: President Hu Jintao Chairman of the Standing Committee of the NPC: Wu Bangguo Premier of the State Council: Wen Jiabao State Councillor (Foreign Affairs): Dai Bingguo Foreign Minister: Yang Jiechi Membership of international groups/organisations: United Nations (including permanent membership of the UN Security Council), ASEAN Regional Forum (ARF); Asia-Pacific Economic Cooperation Forum (APEC); Asian Development Bank (ADB); Shanghai Cooperation Organisation; World Trade Organisation (WTO).
and provide a sounder regulatory structure (aimed at promoting financial integration). though the role of the state in ownership and planning remains extensive. China's entry into the World Trade Organisation in December 2001 is further integrating China into the global economy. In purchasing power parity terms. Less than one-sixth of China is suitable for agriculture. It is the third largest country in the world. To the south its climate is tropical. which is economically the most developed region. The current growth model.) (2007) Annual Growth: 11. deltas and hills in the east to mountains. The most fertile areas lie in the eastern third of the country. GEOGRAPHY China is twice the size of Western Europe. whilst to the north it is sub-arctic. China has started to adjust its economic policies to better promote sustainable growth.461 per capita (est. remains heavily skewed towards exports and investment.4% recorded for 2007.) (2007) GDP per capita: US $2.9% (2007) Consumer prices: 7. high plateaux and deserts in the west. The Government has highlighted its intention to: Undertake more bank reform (and encourage banks to provide finance to rural areas 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 to savers). Official figures show that GDP has grown on average by 9% a year over the past 25 years with an estimate of 10. after Russia and Canada.8bn (est.250. INTERNATIONAL RELATIONS . and policy underlying it. Its terrain varies from plains. China is the world's second biggest economy.1% 2007 Exchange rate: 13.ECONOMY Economic indicators GDP: US $3. A growing share of China's economic growth has been generated in the private sector as the government has opened up industries to domestic and foreign competition. with little emphasis on private consumption.7 Renminbi = £1 China has been one of the world's economic success stories since reforms began in 1978.
which mandated a third round of sanctions on Iran. including in the UN Security Council (where it holds one of the five Permanent Seats) and voted in favour of limited sanctions on North Korea. the EU is China’s second largest trade partner and China is the EU’s largest partner. The EU is important for China’s vision of a multipolar world and China is arguably the EU’s most important relationship outside its own neighbourhood and the US. In support of its desire to promote a foreign policy of peace.g. supporting UNSCR 1769 which mandated a hybrid peacekeeping force in Darfur. China moved from more or less unconditional support of Sudan. EU-China Relations EU relations with China were established in 1975 and are currently governed by the 1985 EU-China Trade and Cooperation Agreement. Apart from regular political. There is however. China’s recent use of its veto (only the third since 1999) over a UNSCR on Zimbabwe demonstrates its increasing confidence to protect its own interests. dialogue and cooperation have been increased on key international issues (e. In January 2007 the EU and China launched negotiations on a single and over-arching Partnership and Co-operation Agreement (PCA) to reflect the breadth and depth of today’s strategic partnership.Relations with the International Community China has said that it wishes to pursue an independent foreign policy of peace in order to preserve its independence. human rights and climate change. and has begun to put the squeeze on financial transactions with Iran. Sudan and Burma). both sides agreed to hold an annual High Level Dialogue Mechanism. such as climate change and Africa/development. Iran. China is playing an increasingly active role in international affairs. to discuss issues affecting the trade imbalance. The concept of ‘harmonious’ development. sovereignty and territorial integrity. China voted for UNSCR 1803. This is reflected in the rapidly growing trade in goods in recent years. major partners and international organisations. has been extended to its foreign policy as China aims to create a favourable international environment to continue its agenda of reform and opening up. To date. UK-CHINA BILATERAL RELATIONS . establishing a framework for future exchanges. there are over 24 sect oral dialogues and agreements ranging from Human Rights to industrial policy. It has supported the international war against terrorism. The first of these meetings took place in April 2008. increasing concern in the EU at the growing size of China’s trade surplus with the EU. Within the maturing EU-China comprehensive strategic partnership. at the heart of China’s domestic policy. will replace the 1985 Trade and Economic Co-operation Agreement. However. The PCA will set a broad framework for the EU’s relationship with China across a wide range of areas and. China has focused on developing close relations with its neighbours. and on key issues of globalization. At the 2007 EU-China Summit. education and culture. in part. in order to find concrete means to increase trade in a balanced way. rising by 20% per annum to reach €302 billion in 2007. Areas of cooperation currently under negotiation include issues such as non-proliferation. and has deployed 315 peacekeepers. China has played a mainly constructive role in supporting UN Special Envoy Gambari’s mission to Burma. Today. trade and economic dialogue meetings.
South Asian Association for Regional Co-operation (SAARC). Since 1965 English has been recognised as an 'associated language'.3%).9%). Sikhs (1. (1.3%). Christians (2.2) INDIA COUNTRY PROFILE Country Facts Area: 3. In addition there are 18 main and regional languages recognised for adoption as official state languages. G4. United Nations and the United Nations Human Rights Council. written in the Devanagari script and spoken by some 30% of the population as a first language. The main religious groups are Hindus (81. Britain remains China’s largest European investor.287. ASEAN (dialogue partner).Bilateral relations are excellent and have undergone a period of rapid expansion since May 2004 when the former Prime Minister. Religions: India is a secular state and freedom of religion is protected under the Constitution. Currency: Rupee Government: United Progressive Alliance. Muslims (12%). Tony Blair and Premier Wen Jiabao signed a Joint Statement announcing a “comprehensive strategic partnership” and a commitment to hold annual Summit meetings between the two Premiers.623m sq km (1. a Congress-led 20-party coalition.219 sq miles) Population: 1. Chinese students make up the largest number from any single nation in the UK. . Head of State: President Pratibha Patil Prime Minister: Prime Minister Manmohan Singh Membership of international groupings/organizations: Commonwealth.269.000 (Sept 2007 est) Capital City: New Delhi Languages: The official language of India is Hindi. and China publishes more joint scientific research papers with the UK than any other European country.000.136. World Trade Organisation.
Singapore (4. Nagaland. machinery. population and development.ECONOMY Basic Economic Facts GDP: $1.2%). Maharashtra. Arunachal Pradesh. There are also 7 Union Territories including the National Capital Territory of Delhi. gems and jewellery. To the east.5%).8 (end January 2008). a legislature elected for 5 years. The Arabian Sea and the Bay of Bengal.4%). The Territories of Delhi and Pondicherry also have elected chief ministers and state assemblies. Bihar. all of whom are appointed by the President. Karnataka. leather manufactures. Chhattisgarh.4%).6% (2006 est. Madhya Pradesh. Major trading partners: Exports for 2005: USA (19.9%) Imports for 2005: China (7.8%) Aid & development: Foreign aid was approximately $3. . Goa.8 billion (2005-2006) Exchange rate: Indian rupees per UK Pound Sterling – 78. corresponding to that of the Indian Union. GEOGRAPHY India forms a natural sub-continent with the Himalayas to the north. India's neighbours are China (Tibet). chemicals. transportation equipment.3%). Mizoram. and a Council of Ministers headed by a Chief Minister. software. food processing. executive and judicial machinery. Meghalaya. The 28 states are: Andhra Pradesh. Gujarat.090 billion (2007) GDP per head: $714 per head (2006) Annual Growth: 8. which are sections of the Indian Ocean.1%). cement. petroleum. Each state has its own legislative. steel. Kerala. UK (4. The states vary greatly in size. India has 28 states with constitutionally defined powers of government. mining. In the event of the failure of constitutional government in a state. across the Palk Strait. China (9. Himachal Pradesh. is Bangladesh. Jharkhand. Bhutan and Nepal to the north. Near India's southern tip. USA (6. the Union can impose President's Rule. is Sri Lanka. UAE (8. administered by Lieutenant Governors or Administrators. Manipur.4% (2005-2006) Inflation: 5. Assam. lie to the west and east respectively.) Major Industries: Textiles. Pakistan to the north-west. and Burma to the north-east. almost surrounded by India. Jammu and Kashmir. Haryana. Belgium (5. Each state has a Governor appointed by the President for 5 years.
Major items of trade in goods: UK exports.S. apparatus and appliances. the number of technical collaborations approved from UK stands at 868. For the period August 1991 to October 2008. transport equipment. The Territories are: Andaman and Nicobar Islands. currently President Smt Pratibha Devisingh Patil. TRADE AND INVESTMENT Trade and Investment with the UK: Total two-way trade (goods) grew by 24. which is 10. and West Bengal. electrical machinery & appliances. For the period August 1991 to October 2008. the number of technical collaborations approved from UK stands at 868. Singapore and USA) for the period April 2000 to December 2008 POLITICS The Indian Constitution provides a system of parliamentary and cabinet government both at the centre and in the states..S. Uttar Pradesh. machinery specialised for particular industries. Sikkim. manufactures of metal not elsewhere specified.A. Tamil Nadu.8% of the total technology transfer approvals (Fourth after U.Metalliferous ores and metal scrap. Rajasthan. Germany and Japan).Orissa.4% in 2008 compared to 2007. articles of apparel and clothing accessories. Punjab. general industrial machinery and equipment.3 new Indo-British joint ventures have been approved by the Government of India since April 1996. UK imports-Textile yarn and fabrics. iron & steel. general industrial machinery & equipment. Between January and November 2008. power generating machinery & equipment. (elected for a 5-year term as the constitutional . non-ferrous metals. electrical machinery. Over 25541.8% of the total technology transfer approvals (Fourth after U. miscellaneous manufactured article. Germany and Japan). footwear. Daman and Diu. Lakshadweep. Tripura. Chandigarh. power generating machinery and equipment. which is 10. petroleum products & related materials.A. Delhi. The Indian Parliament consists of the President. petroleum. Dadra and Nagar Haveli. the highest number of FDI approvals in India was in service sector (eight) where as the highest value of FDI approvals was in drugs and pharmaceuticals (Rs 2500 mn). Uttarakhand. and Pondicherry.. non-metallic mineral manufactures. The UK is the four largest investor in India (after Mauritius.
97 25.head of the executive) and 2 Houses: The Lower House .6 . but neither can command a clear Parliamentary majority.75 1896.Lok Sabha ('House of the People') .43 80.27 21.67 77.2 5926.5 2617.3)CHINA EXPORT IMPORT DATA TO INDIA Year 2000 2001 Percent Growth 2002 Percent Growth 2003 Percent Growth 2004 Percent Growth China's Exports to India 1560.73 40.directly elected on the basis of universal adult suffrage.8 4251.49 87 7677. and the Upper House Rajya Sabha ('Council of States') .59 22.6 2274. The Bharatiya Janata Party (BJP) and the Congress Party are the 2 main forces in the current Indian political scene.3 China's Imoprts from India 1353. The balance of power is held by a loose collection of regional and other parties (1.9 3343.48 1699.18 33.indirectly elected by the members of state legislative assemblies.
3)Reasons for Import There are number of supporting reasons why import business and services is growing at such a fast rate:Availability: An individual or business man or an importer needs to import because there are certain things that he can’t grow or manufacture in his home country. However. (2. Mahogany Lumber in Maine and Ball Park franks in France.2)Definition: Import: Generally an import means bringing goods into one country from another country in a legitimate manner. sold. the long term success and profitability of an import business greatly depends on the importer’s knowledge and understanding about the international market and foreign market analysis.Chapter -2 Introduction to Import (2. . importing goods from abroad has becomes a big business. import business is also very profitable business. represented and distributed somewhere in the world on a daily basis. Millions of products are bought. (2.1)Introduction: Starting an import business is a goal of more than thousands of merchants and businessman. Like an export business. Import of goods and services are provided to domestic consumers by foreign producers import of commercial quantities of goods normally requires involvement of the customs authorities in both the country of import and country of export. Everything from beverages to cars--and a staggering list of other products that one might have never imagined has now become the part of the global import. typically for use in trade. if an importer proceeds with the right strategies. Today. For example Bananas in Alaska. As per the customs act 1962 import means bringing goods into India from a place outside India.
Third. India is also a bulk importer of edible oil. It is also true that most Chinese goods are sold at dirt-cheap prices. most electronic goods are significantly cheaper than products of comparable quality available in India. crude rubber and Iron and steel. machineries. this can only be disastrous for the Indian worker. fertilizers and petroleum products. Taiwanese electronics and Mexican clothing.5)Import of Chinese product in Indian: The flood of Chinese imports has raised temperatures all around. sugar. A newspaper report mentions that Bajaj Electricals has started importing items like Chinese Toasters and fans into India and providing brand support and after-sales service. (2.Cachet: A lot of things. French perfume. Dumping refers to the practice of selling products abroad at artificially low prices.4)Import in India The rising middle income groups of consumers in India and their increasing levels on expenditure on various products has resulted a faster rising demand of the Indian import business. 1150. Another contributory . 500 cheaper than Indian ones. newsprint. like caviar and champagne. (2. pack more cachet. Under the World Trade Organization. edible oils. Price: Price factor is also an important reason for import of products. Some products are cheaper when imported from foreign country. questions have been asked in Parliament. Of course. and the many chambers of commerce have be seeched the government to protect Indian domestic industry from the new Chinese invasion. China also has a much lower rate of indirect taxes on inputs. a Chinese Fan with a built-in invertor is available for Rs. Indian producers claim the Chinese are “dumping” their products in Indian markets. Quite naturally. whereas Indian Fan costs about Rs. Major imports of India include cereals. It all seems classier when it comes from distant place. Total import from India estimated to be around US$187. to rattle off a few. 800-900. Similarly. the difference in price is not a sufficient proof of dumping. it is also undeniably true that the sheet volume of Chinese imports will soon have an adverse effect on Indian manufacturing industries. While this is good news for the Indian Consumer. Egyptian cotton. can often be manufactured or assembled in foreign factories for far less money than if they were made on the domestic country. Think Scandinavian furniture. For example Korean toys. from where we import significant volumes of electronic items. Chinese labour is certainly cheaper than in countries such as India. These could well account for a large part of the difference in prices. Bicycles are about Rs. For instance. more of an "image. the recipient country can levy antidumping duties in order to protect domestic industry.9 billion. German beer." if they're imported rather than home-grown. pulp and paper.
Canalized goods are permitted to be imported only through state trading enterprises. have more efficient processes and turn out goods at extreme (2. textiles. watches and clocks. The sector that will be worst hit will be the smallscale sector. cosmetics.3 . In fact in the last four years. India has a rather dismal rating in competitiveness. toys. Restricted goods can be imported against a license or subjected to certain conditions. some local industries were adversely affected. plastics and dyes. electronic items. furniture. toys. Free goods are goods which can be import it without any license or conditions. and bulk drugs In the very near future Indian scooter and motorcycle manufacturers are going to face stiff competition from the Chinese. Chapter. As a wide range of cheap Chinese products flooded the Indian market.factor underlying the price differential is the general inefficiency of Indian manufacturing. while others benefited by using these products as raw materials The Chinese are exporting to India a wide range of low-cost consumer goods that have a mass market in India such as kitchen-ware. The Chinese export import corporations are financially stronger. bicycles. It ranks a low 53 out of 59 countries ranked by the World Economic Forum and 40 out of 46 countries ranked by World Bank. there has been a deluge of cheap imports From China tyres. footwear and accessories. A recent confederation of Indian Industry seminar in Calcutta focussed on the large distance which Indian manufacturing industries have to traverse in order to catch up with international norms in prices and quality.6)For the purpose of import goods have been divided into following categories: Prohibited goods are not permitted to be import at all.
from foreign or coastal ports are cleared on Bill of Entry in the prescribed form.IMPORT DOCUMENTS (3. a. cargo by sailing vessels from customs ports when landed at open bundles only For imports through the medium of post there is no bill of entry. triplicate is owner's copy and the fourth copy is for the purpose of foreign exchange to be submitted to bank. (3. he has to present an Ex-bond bill of entry which is green in colour. Bill of Entry is not required in the following cases: b. e. drums etc. ship’s stores in small quantities for personal use G. Bill of Entry: It is a document on which clearance of imported goods is affected.2). Four copies of bill of entry are submitted. iii) Ex. The IEC Number is obtained from the Regional Licensing Authority. of reasonable value F.3)RETIREMENT OF IMPORT DOCUMENTS: . he has to present 'into bond' bill of entry. Instead a way bill is prepared by the foreign post office for assessment of duty. he has to present the Bill of entry for home consumption. Reason may be that he is unable to pay duty leviable on all goods at one instance or may be because of storage problem. boxes.-Bond Bill of Entry (Green in Colour): When an importer wants to remove goods from the warehouse. unserviceable stores. The Bill of Entry form has been standardized by the Central Board of Excise and Customs. passengers baggage favour parcels c. Mail box and post parcels D. ii) Bill of entry for warehousing (into bond. (3. Importer Exporter Code (IEC) Number: No person can import goods without obtaining an Importer-Exporter Code (lEC) Number unless he has been specifically exempted.1).g. empty bottles. You have already learnt the procedure of obtaining IEC Number in Unit. All goods discharged from a vessel. There are three types of Bill of Entry as discussed below: I) Bill of entry for home consumption (white in colour): where an importer wants to get his goods cleared in one lot. dunnage wood. Original and duplicate for customer departments. yellow in colour): Where an importer wants to shift goods to a warehouse and thereafter gets his goods cleared in small lots. kennels of cargos containing live animals or birds E.
packing list. the importer is required to submit the following documents to his bank: (a) A letter authorizing his bank to debit the equivalent Indian rupees to the value of documents including bank charges. the procedure for clearance of imported goods is very lengthy. (e) Appointment of C & F Agent: . The set normally contains bill of exchange. if applicable. certificate of origin. (d) Scrutiny of Documents Received under L/C:. c) Acceptance of the bill of exchange: .In India. bill of lading.bill of exchange accompanied by the above documents is known as the Documentary Bill of Exchange.On loading of goods the overseas supplier dispatches the shipment advice to the importer informing him about the shipment of goods. For the retirement of documents. airways bill number and date. it is advisable to hire the services of C&F agents who are well versed with such formalities. the drawer instructs the bank to hand over the relevant documents to the importer against his 'acceptance' of the bill of exchange. description of goods and quantity and the date of sailing of the vessel.After receipt of import documents from the exporter's bank. (b) Exchange control copy of the Import Licence.In case of usance draft. .the relevant documents to the importer only against payment.After shipping the goods. bill of lading. the drawer instructs the bank to hand over . The shipment advice contains invoice number.In case of sight draft.' (b) Retirement of Import Documents: . Therefore. It is of two types:Documents against Payment (Sight Drafts):. The C&F Agent prepares the bill of entry containing details of goods to be cleared from the customs. the C&F agent does not have relevant information about the goods to be cleared. Documents against Acceptance (Usance Draft):. 40' supplier prepares the necessary documents as per the terms of contract’ and letter of credit and hands them over to his bank for their onward negotiation to importer in the manner as specified in the L/C. he prepares a bill of sight in order to enable himself to physically check the goods imported and prepare bill of entry on that basis. etc. In case.(a) Loading of Goods and Receipt of Shipment Advice: . time consuming and involves lots of legal formalities. name of the vessel with date. Form Al duly completed for the remittance in foreign excl1ange. the port of export. the overseas. marine insurance policy. The importer should also scrutinise the documents and ensure that there are no discrepancies. the importer's bank will scrutinise the documents as to their correctness as per the terms and conditions of L/C and hands over them to the importer after payment. Commercial invoice.
5% of F. For example. (3. the physical units of commodity are not taken into consideration.This duty is levied on the total cost of imported goods at the rate equal to excise duty on like goods when manufactured in India. .V.B. set imported. In this case. Rs. sets imported. (c) Additional or Countervailing Duty. In this case. (3.O.V.5 on each meter of cloth imported or Rs. For example.6) Valuation of Goods: . the government has withdrawn auxiliary duty. The imported goods.Compound duty is the combination of specific and Advalorem duties. In this case. value of cloth imported or 10% of C. value plus. which do not fall in parameter of the Import Policy. 50 paisa per meter of cloth imported.4) CLASSIFICATION OF GOODS FOR IMPORT POLICY & ASSESSMENT OF DUTY Most of the goods imported are assessed and valued for calculation of import duty provided they are imported in terms of the Import Policy and evaluated for calculation of customs duty by virtue of the nature of goods or by virtue of its end use. This duty is levied as a percentage of value of goods imported or at a specified rate.This duty was levied in addition to the basic duty prescribed under the Finance Act every year. However. (b) Advalorem Duties: Advalorem duty is a duty imposed on the total value of a commodity imported or exported.(3. (d) Specific Duty: . (b) Auxiliary Duty.Specific duty is a duty imposed on each unit of a commodity imported or exported. are' normally confiscated or allowed to be cleared only on payment of heavy penalty. the quantities as well as the value of the commodity are taken into consideration while computing tariff. . with effect from 28th February 1993. For example.5) Mode of Levy of Customs Duty: (a) Specific Duties: .LF. (c) Compound Duties: .O. Types of Customs Duties The following types of Customs Duties are levied on goods imported into or exported out of India: (a) Basic Duty.This duty is levied in order to counter balance the excise duty leviable on the imports going into the production of such goods in India. Value of T. This duty is levied to protect the domestic industry.Basic duty is levied on all goods imported into India as prescribed in Schedule-I of Customs Tariff Act. the value of commodity is not taken into consideration.B. 5% of F. .500 on each T.
(b) Any cargo requiring special handling or storage. necessary information about the goods imported must be given to the customs authorities in a prescribed form called bill of entry form. Types of Bill of Entry: . When goods are imported in a particular country. and (c) Any cargo in respect of which order of the Deputy Collector of Customs. on the strength of which clearance of imported goods can be made. For this purpose. 1998. frozen food.7 calendar days from date of landing. prepared by the importer or his clearing agent in the prescribed form under Bill of Entry Regulations. The bill of entry is drawn in triplicate.14 calendar days from date of landing. (3.7) Demurrage Charges The goods imported and discharged in the Customs area are stored in the warehouses of CWC or Port Trusts or other designated authority.. Air Cargo Unit.The facility of 'Direct Delivery' of goods imported by air-is allowed in certain cases: (a) Goods like fresh fruits. (b) Unaccompanied Baggage: .8)BILL OF ENTRY The bill of entry is a document. The customs authorities may ask the importer to supply other documents like invoice. The “Free Period" for different cargo is different as under:(a) Commercial and Non-commercial Cargo: . such goods are allowed to be stored freely for few days and thereafter demurrage or storage charges are levied. have been obtained in advance permitting direct delivery.Valuation of goods is done as per principles and down in Customs Valuation Determination and Prices. Bill of entry is a document. broker's note and insurance policy. Direct Delivery Facility for Imports by Air: . TV films. the importer has to pay the necessary import duty. in' order to verify the correctness of the information supplied in the bill of entry form. etc. which states that the goods of the stated values and description in the specified quantity have entered into the country from abroad. life saving drugs and appliances. (3. Of Imported Goods) Rules. Initially. 1971.
either in part or full. then it is forwarded to the License Department for debit and audit. (c) Mail bags and Post parcels.This kind of bill of entry is used for clearing imported goods by paying customs duty at the port. In the Docks. empty bottles. he will give the out of charge for payment of the Port Trust Charges. from a bonded warehouse by paying necessary duty. use. of reasonable value (below Rs. (g) Cargo by sailing vessels from Customs Ports when landed at open bunders only. (e) Post parcels ship stores in small quantities for persona. (d)Name of the port/dock where goods are to be cleared. (b) Name and address of the exporter.This kind of bill of entry is used when no duty is paid on imported goods and. therefore. (e) Description of goods. This procedure under which 80 to 90% . (f) Value of goods. they are transferred to customs recognized bonded warehouses. Shed Appraiser / Examiner shall examine the goods. (b) Favour parcels. such as. (b) Bill -of Entry for Bonded Goods' (Yellow colored):. kennels of cages containing live animals or bird~. (h) Other relevant documents. (f) Un-serviceable stores. After recovery of duty. However. and if the consignment is in order. etc. . (g) Rate and amount of import duty payable. Contents of Bill of Entry The main contents of the Bill of Entry are: (a) Name and address of the importer.For the purpose of giving information in the bill of entry form. dunnage wood. (c) Bill of Entry for Ex-bond Clearance for Home Consumption (Green colored):. (c) Import licence number of the importer. and the same has been countersigned by the Assistant Collector. (d) Boxes. 50). the original Bill of Entry is retained in the Accounts Department and the duplicate and other copies are returned to the importers for getting the goods examined in the docks. and thereafter returned to the importers for payment of duty in the Accounts / Cash department. goods are classified into three categories namely: (a) Bill of Entry for Goods Imported for Home Consumption (White colored):. no bill of entry is required in the following cases: (a) Passengers' baggage. drums.This kind of bill of entry is used where the importer intends to clear the dutiable goods. PROCESSING OF THE BILL OF ENTRY Once the Bill of Entry is completed by the Appraiser..
the Customs out of charge is given by the Accounts Department soon after the recovery of duty.9) A NOTE ON FORWARD CONTRACT International contracts are either concluded in Indian rupees or in foreign currency. attested and dated at the time of examination or weighment. However. obtains on the documents the importer's or his accredited representative's signature on the entries made from day-today showing the result of weighment. This procedure is resorted to only in cases where the appraisers or the assessing Group finds it difficult to complete the assessment on the basis of the documents made available. Where the international contract has been concluded in foreign currency. The goods are then examined in the docks and the Bill of Entry returned to the Scrutinizing Appraiser for completion and licence debit. all relevant documents are prepared in Indian rupees and hence no conversion is involved. Under this adjustment. Such risks can be avoided by the following methods: (a) Invoicing the Goods in Indian Rupees: . As against this. the result of examination or weighment made on each is clearly recorded. The Officer at the same time. in the alternative procedure what is known as the First Check Procedure. foreign exchange at a future date or period and the bank agrees to sell the firm the foreign exchange on that date or during the agreed period at certain predetermined rate agreed upon at the time of entering into contract. the importer enters into contract with its bank to purchase from the bank. In this case. if the contract is concluded in some internationally accepted currency then the importers have to pay Indian rupees equivalent. foreign seller may not agree to invoicing goods in Indian rupees. 'The result of the examination or weighment is noted on the reverse of the Bill of Entry. Thus. (b) Entering into a Forward Exchange Contract: . To the amount of foreign currency.This is the most commonly practiced alternative for insuring the risks arising out of adverse movements in exchange rates. .of the consignments are being cleared is known as the Second Check Procedure. It is absolutely essential that records of examination and weighment should be made. Examination of cargo for assessment \ purpose is chiefly the function of the Appraising Department having special staff of Examiners in the docks / Air Cargo shed. the importer knows in advance the exchange rate that he is going to pay on delivery of import documents.The first remedy to adverse movements in exchange rates is invoicing goods in Indian rupees. The import consignment can be opened only by the proper officer of the customs for examination of the goods lying in a Customs Area. the Scrubnising Appraiser in the Group gives the examination order. If the contract is concluded in terms of Indian rupees. (3. If examination or weighment takes place on more than one day. However. an importer is always at risk due to adverse fluctuations in the exchange rates in the international market.
Chapter-4 Import Products From China .
Well consumer are basically two types -one who wants best features at affordable prices.2) There are many types of products which we Import such as: Products • Agriculture & Food • Apparel & Accessories • Arts & Crafts • Auto Parts & Accessories • Bags. they stick to these products due to their poverty.(4. There is a huge demand in India for low-cost. and the others who go with quality and brand tag.1) Introduction: We are importing many products from China because products are very cheaper than Indian market and they fullfill the needs of our citizens Because of cheaper prices products made in China are becoming more popular among the Indian masses. Companies operating in India are facing a good competition against these chinese products as In india middle class consumer market is very big which got badly affected because of these products. Cheap chinese products are kind of relief to the lower middle class in India. (4. These goods are very popular with people who wish to buy the fake versions of their favorite brands at throwaway prices. Mineral & Energy • Office Supplies • Security & Protection • Service • Sporting Goods & Recreation • Textile . These products are being sold at the cheapest rate and wages of poor people has not beein raised. less durable consumer goods. from China. Chinese product have benifitted the consumers of first category. Cases & Boxes • Chemicals • Computer Products • Construction & Decoration • Consumer Electronics • Electrical & Electronics • Furniture & Furnishing • Health & Medicine • Industrial Equipment & Components • Instruments & Meters • Light Industry & Daily Use • Lights & Lighting • Manufacturing & Processing Machinery • Metallurgy. therefore.
The commune system was replaced by one where individual families lease land from the collectives.3 billion people or 21% of the Earth’s total population.3) Agriculture and food products:Introduction: China is the world’s sixth largest economy and its most populous country. Related products are: (4. But it faces a major challenge in providing its people with food – China has only 10% of the world’s arable land and only one quarter of the average world water resources per person.3. ensuring that almost all rural households have access to land. resulting in a gradual transition from a centrally planned economy towards a socialist market economy. rural industries started to expand and absorbed a large part of farm labour.• • • Tools & Hardware Toys Transportation Some Important Products which we import in huge quantity are as : (4. Then. The reforms have achieved a sharp rise in agricultural production together with a dramatic fall in poverty and a significant improvement in the amount and quality of food available. Agricultural reform has therefore been a major pillar of the fundamental economic reforms undertaken by China since 1978. home to 1.i) Frozen Vegetables : .
CPP. frozen black fungus.3. frozen green pepper slices. frozen broccoli. Excellent moisture. . frozen green peas. frozen spinach. pet food. beverage. frozen chopped spinach. oxygen and gas barrier. PE for the packaging bag 2) Suitable for dozens of food packaging. high transparency. PET. AL. low temperature heat sealing property.(Frozen Vegetables ) Frozen green bean. frozen cauliflower. daily Chemical products and tea packaging 3) Good printing quality. frozen lotus root. agriculture. frozen diced (4. PA.ii) Food Plastic Bag Product Description Features Specifications: Plastic Lamination Pouch/plastic bag/lamination bag/food bag/ Vacuum pouch/packaging bag 1) Material: Lamination from high quality BOPP. frozen taro. frozen green asparagus. frozen Romano beans.
.4." Related products: (4.77 billion in the recent times. "Meagre spending on R&D by electronics industry has increased India’s dependence on electronics imports .: YB2 Standard: IEC Productivity: 5000/month Unit Price/Payment:TT or L/C at sight Trademark: kailida Usage: Industrial Power Source: AC Motor Structure: Asynchronous Motor Function: Driving Product Description AC Motor (YB2 Seires Explosion Proof Motor) . India had imported electronics goods worth USD 19.".(4..17 billion. the study said adding that more than 70 percent of electronics appliances demand is met through imports.i) AC Motor (YB2 Seires Explosion Proof Motor) Introduction: AC Motor (YB2 Seires Explosion Proof Motor) Model NO.more than 35 percent of electronics appliances imports in India are sourced from China. while the export earnings were USD 3.4) Electrical & Electronics products :Introduction: : India is heavily dependent on imports of electronic goods from countries like the US and China to meet its domestic demand.
easily accommodate anywhere.4. Order: 1*20'GP Transportation: ocean shipping Capacity: 11-20L Certification: CE Voltage: 12V Product Description Car cooler/mini cooler/cooler box/car fridge/Compressor refrigeratro/car refrigerator/mini refrigerator/portable refrigerator/outdoor cooler Features Extremely powerful DC compressor cooling system. unbreakable & rust free. Digital control with LEC display. Polyethylene rotomoulded body. DC-22Y Temperature -18~10° C(40~45° C below ambient) Rated Voltage AC 230V/50~60Hz or 110V/60Hz Power Input DC 63W Cooling type DC Compressor cooling system Refrigerant R134a (CFC-Free) Isolation C-pentane (CFC-Free) Weight 13KG/net. Item no. guangdong.ii) Car Refrigerator (DC-22Y) Introduction: Car Refrigerator (DC-22Y) Packing: normal standard package Model NO.: DC-22Y Standard: W509*D310*H394MM Productivity: 2000pcs/month Unit Price/Payment:FOB Foshan. Multifunctionally.(4. china Min. fridge and freezer all in one. Boundless independence for all outdoor enthusiasts Silent and convenient cooling comfort anywhere. guangdong Trademark: colku Origin: foshan. Compact overall size. 15KG/gross . Extremely high reliability and long life expectancy.
Product design feature * less dehumidifying comparing traditional air conditioner * environmental friendly refreigerant such as R134A * heat pressure smart control function to enable active cooling work in winter season * completely safety protected accordingly UL. (4. Port * proper design for easily intallation and service * side/door mounting * applicable for T3 condition . powered by 48/24VDC. * applicable for severe ambient environment. high humidity. such as high temperature.5. EN. CCC norms * alarming output to monitoring system * interchangeable and visual display adapter for service * automatic self start after power recovery * remote control through RS485 comm.Unit Size W509*D310*H394MM Packing Size W532*D376*H455MM Loading Quantity 330pcs/20GP. 660pcs /40HQ0.iii) Air Conditioner Air Conditioner Product Description COP>4. high corrpsion atmosphere. * the internal and external interface of product is IP 55 level to avoid moisture. industry control cabinet etc. inside electronics equipemnt is completely well protected. 660pcs/40GP. battery cabinet.4. dust. * This series products can be widely deployed for elclosed area climate control such as wireless communication caniet. water penetrating into inside of enclosure.
0+EDR . frequency. Order: 500PCS Type: Bluetooth Car Kit Export North America.India Product Description . sequence.(4.CRS Bluetooth version 2.Steering wheel Bluetooth Car Kit with DSP.: ESB302 Standard: CE.Built-in speaker and Micro-phone for phone talking . etc . South America. Eastern Asia.Wireless headset for privacy phone call also with earphone jack .Built-in FM Transmitter with 206 preset channels .4.LCD Display for caller ID.Play MP3 from TF or SD card in With TF or SD card slot in car stereo system (4. Eastern Europe. support Bluetooth hands-free phone call .Support last phone call redial .Built-in re-chargeable battery . Western Markets: Europe.Safe Driving with entertainment . China Min. ROHS Productivity: 100K/Months Origin: Shenzhen.4.v) Solar System Battery Series 12V100S .iv) Bluetooth Car Kit (ESB302) Introduction: Bluetooth Car Kit (ESB302) Packing: Blister Model NO.
china packing: 1pcs/ctn min. inverter.: 12v100S Trademark:LONGWAY Product Description Model: 6fm100g(12v100ah/10hr) size: 327*170*216 (total height 223 ) mm more size available terminal: b 10hr: 105ah packing qty: 1 pcs/ctn 750 pcs/container lead-time: 15 days for one container application: ups. Order: 60 pcs transportation: by sea (4.4.000 pcs unit price/payment: fob cif cnf/tt or l/c at sight origin: guangdong. solar system oem acceptable battery 12v100ah: 105ah/10hr hs code: 85072000 trademark: long way model:12v100ah standard:jis iec productivity: 40.vi) Offset Dish Antenna (YH45KU-IV)Satellite 45cm .Introduction: Solar System Battery Series 12V100S Model NO.
000pcs/month T/T in advance or Unit Price/Payment: L/C Trademark: Yoohon Product Description Material: Steel board Surface: Polyester powder coating Short axle: 45cm Long axle: 49.5GHz: 34.: YH45KU-IV Standard: CE & UL Productivity: 200.22dB F/D radio: 0.6 Focal distance: 270mm Stand: Wall and/or ground mount Angle of elevation: 0 to 90º C Level: 0 to 360º C Wind speed: Can receive: 25m/sec Can replace: 40m/sec Working temperature: -40 to +60 C Top of Form Bottom of Form (4.5cm Ku waveband gain at 12.4.Introduction: 45cm Offset Satellite Dish Antenna (YH45KU-IV) Model NO.vii) Radio With USB And SD (GF-723) Introduction: .
The store known for its quality products is one of the leading electronic stores . The products of almost all the leading brands can be found here. Appliance World and Home Theater is thus the obvious choice for the people of our country.5) Other Products (4. A site map is also present which describes the routes in detail. with sd DC: 6v (4. From Whirlpool to LG to GE. nearby landmarks to its phone number. (4.5. The site also tells the timings of the store so that people can plan their visit accordingly.i) Fake Brand Shoes . It mentions the days on which the stores are closed to avoid any inconvenience. From the store's address. everything can be traced from the site. All this makes it easier for the customers to locate the store. Order:1600pcs Product Description: Am/fm 2 band radio USB function.: GF-723 Min. The staff is very friendly and cooperative and they make sure that their customers get the best offers.The World Of Electronic Goods! Appliance and World and Home Theater is the safest option if they are looking for electronics and other appliances. The latest models are displayed here and customers can carefully look at all of them before choosing what suits them the best. the products of all big brands are available here. From dishwashers to microwaves to refrigerators. Its products are of supreme quality and extremely durable. The store offers the best prices and products to its customers. the store offers the best in everything. It's hard to find better products than what one gets at this store. Everything related to their stores can be found out on the website.4.Radio With USB And SD (GF-723) Model NO.viii) Appliance World and Home Theater .
A variety of . carpets or curtains. then this is the market where you should go. Chapter – 5 Chinese Market in India (5. Bap Air force can give your feet a comfortable and easy home! Popular shape.Detailed Product Description Beautiful seasons. So pls quickly visit to our website for these lovable leisure prodcucts. dresses. dolls.no matter you are men. you will make this season more wonderful. Many choices are prepare for you. be it electronic items.1) Introduction: Been to a market which glows with Bright Red Color in the morning and light bulbs in the night. toys. and tell me your idea with by your convenience. Filled with Red color products. fashion design and various colors show you a perfect picture. women or kids. Jordan. If not. The shoes of Dunk. Nike.fresh products! With our fashionable brand shoes.
None of the Indian Products can be found in the Chinese Market. though the look and the products sold here have changed with the time. Perfumes. . (5. Fast Facts City Name .The first name which comes with the Chinese Market is the Toys. Leather Products. its one of the places where you can really buy Cheap Toys for almost all ages. full pieces all are here. With the Indian Market flooding with Chinese Goods.Electronic goods. English. this is one place where Chinese Goods are sold at length. (5. The prices of these items are also very cheap but there is no warranty for these goods. sockets.3) Shopping Spree in Chinese Market : » Meena Bazar. How long they will work is no ones headache.4) Suggestions: Chinese Market is all about second grade Chinese Products.This Market opened by Noor Jahan for the ladies. 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.Chinese Products.2) Location : Chinese Market is located near the Kirti Nagar Mall of Old Delhi. Chinese Best Time to Visit . Souvenirs and Traditional Dresses are the main attractions of Meena Bazar. But there is one Guarantee .Hindi. There is another thing for which Chinese Market is famous for .Chinese Market Famed For . then it will be the best ! Chinese Market is usually crowded. Then there are the clothes polyesters and tervinyls are names here to be found in every second cloth shop.spare parts. Language Spoken . With them comes the noise and the voices of thousands of feet . » Chinese Bizaree.November to February (5.even if the Electronic good works for a day.New Delhi Market Name . with lots of people coming here on an average. It can be easily reached by cabs or taxis.but that is the main attraction of the Delhis Chinese Market. still stands today. Artificial Jewellery. Brightly colored. wires. Almost every electronic good can be found here . Bright red colored toys with the combination of yellow and Green.products can be found in the Chinese Market. cheaply priced and good to use for a couple a months.
then its best to shop in the evenings after 6 o'clock. Things once lost cannot be recovered because of the huge Crowd in the Market.Chinese Products are cheaply priced but they have no guarantees. However. its difficult to find them in Chinese Market and the around areas.1) Impact on our Economy: .use and throw. But its preferable to have food in your Hotel. If you are shopping in the months of March to June end. Money Converters can be easily found in Delhi City. If you are coming to the Chinese Market. come with one agenda . All the Electronic items sold in the Chinese Market. Chapter 6 Impact of Chinese products in India: Introduction (6. Some of the average Restaurants and eating Joints can be found here. Toys can be purchased from here. then make a half day plan to see the entire Market. then there should be some time to rest. As there will be all time walking. Its better to leave the Valueables like passport in the Hotel Locker. Its upto you to buy them. However. you may find one or two Branches of Western Union in the corners or else you can go to Bank of India and State Bank of India for Money Conversion. Beware of the Thugs in the Chinese Market.
Because of wide availability of cheap and apparently technologically advanced Chinese goods. electronics etc. which helped them to capture big markets of America and Europe. Chinese manufacturing units produce goods on a large scale. It is the high time that our political leaders change their mindset and bring about the right kind of reforms without losing precious time in endless discussions. For example last year during Diwali. telecom equipment. is giving nightmares to the Indian industry to the extent that they have started sticking “Made in China” stickers on their products to boost their sales. (6. hardware. China is our major competitor in sectors like software. These crackers reportedly contained Sulphur. This has had a very negative effect on our own manufacturing units and as a result many of them have had to shut shop. Although Indian labour can meet these challenges by improving their skills. They are using the big Indian market merely to dump their products and by doing so they are killing the Indian units. Sulphur is more harmful than Nitrate. That’s why many Indian workers have lost their jobs. which is used in India to make crackers. China made crackers were sold in the Indian market. data reveals that 60 per cent of the industrial units in the industrial belts of Thane and Bhivandi near Mumbai have been closed down. The rise in demand and sudden popularity of Chinese products. The small-scale industry (SSI) contributes 35-40 per cent to the total manufacturing in India. As a result the Indian cracker industry saw a decline in the revenue. We should not allow China to dump their excess produce here. Since the Chinese crackers were cheaper than the Indian crackers. which could prove to be a setback for our economy in the future. It is no surprise that they have been successful in capturing the Indian market too. which are available at cheaper prices.2) Cheap imports may hit India's steel market: . which suffers most because of Chinese goods. power equipment etc. Many small-scale Indian companies have stopped manufacturing their own goods as now they import them from China. the Indian manufacturing scenario is hampered due to stringent and weak labour policies. The Chinese goods have invaded almost all the sectors of Indian market and seem to be bringing tougher times for the Indian Industry. We must take necessary steps so that we do not fall prey to the DRAGON’s designs of capturing a major share of our growth. so they managed to attract gullible and largely illiterate Indian lot. many economists fear decline of local manufacturing units or the small-scale industry in India. So it is the SSI. This shows that the objective of SSIs of providing employment to the rural youth of India is defeated completely. For instance. In the last one decade Chinese labour has developed the skills of manufacturing electronic goods like semi-conductors.Cheaper prices products made in China are becoming more popular among the Indian masses.
which are forcing it to adopt aggressive measures to ship out existing stocks. Chinese steel prices. the Indian steel industry feels. Steel Business Briefing. the world’s largest steel producer. affecting the viability of the sector. India’s steel imports have shot up 50 percent to about 3 million tons from April to September last year. In a recent address to the industry. Due to the removal of the export duty.100 per ton. Nevertheless.. Still. According to Market Avenue. compared to the same period last year. the cheapest in the world will encourage already sliding local demand to shift to Chinese imports. the prices of raw materials for steel industry have remained firm over the period. “The 5 percent (import) duty may not be adequate because despite the duty. China. China will add 50 million tons to its steel production capacity this year. . which has been severely hit by the global slowdown. consequently. a Beijing based business intelligence outfit. The duty was removed six months ago to stall steel prices in the country that were ruling at all-time highs of over US$1. minister for steel. But. out of which at least a million ton came from China. announced two weeks ago that it would remove the 5 percent levy on steel exports from December 1. whereas.India — China’s decision to cancel export duty on some 102 steel products could see it flood Indian markets with cheap priced steel items. The reason why India is scared of China the most compared to other steel exporters -after all India also imports steel from Ukraine and Taiwan where prices are almost as cheap -.” in a bid to clear stock. However. Leading steel companies like Steel Authority of India and JSW Steel have reported 25 to 30 percent dip in consumption demand and have. to boost its steel industry. According to industry sources in India. Moreover. the industry says. the landing cost (of imports) is lower than the production cost of local steel makers.” India reimposed a duty of 5 percent on steel imports last week. The industry is already reeling from falling demand. its consumption is taking a hit. “The fear is that with China taking measures to boost exports and with no adequate protection within the country. the local steel industry faces a much harder blow from imports. crashing prices and high production costs. which is 58. exporters in China have started shipping steel to India at “ridiculously low prices. a China-based steel consultancy outfit predicts that steel consumption in China will grow by only 8-10 percent in the second half of next year. currently. resorted to production cuts. even as China is producing capacity relentlessly.is the fact that China’s steel industry too is suffering from excess production and falling consumption. While China is offering steel at US$440 per ton. which will take its total output to 400 million tons by the end of the year.64 million tons. According to the steel ministry. as little as half the 16 percent growth seen in 2008. “The current global economic slowdown has led to a decline in the demand for steel and thereby the prices. Ram Vilas Paswan said that at the current rate of imports. that’s hardly enough. heeding the industry pleas for taking it out of a “serious situation. much more of Chinese steel will start entering in the next few months impacting the local market severely. import restrictions were also imposed on some items of finished steel products like seamless tubes and pipes from China. India may end up importing 6 million tons of steel by March 2009 accounting for over 10 percent of its current steel production.
including final duty in 12 cases and provisional duty in 10 cases. (6. and it causes injury to the domestic industry. the central government has an inherent power to impose restrictions on import of goods. These duties are in accordance with the Agreement on Anti-Dumping (the agreement on the implementation of Article VI of GATT. as a consequence of increased imports of an article into the country. the release said.008 ($17. the domestic industry can make an application to the Directorate General of Anti-Dumping and Allied duties (DGAD) in the department of commerce for imposition of anti-dumping duty.605 crore ($32. it added. and the agreement on safeguards. during 2008-09 and 2009-10 (up to November 2009). Under section 3 (2) of Foreign Trade (Development and Regulation) Act.09. 1995). These provisions are aimed at offsetting the adverse effects of 'dumped' imports. from cheap and subsidised Chinese products. The government said trade defence measures are available to the domestic industry to counter unfair trade practices followed by exporters of goods from other countries.47. or threat of series injury/threat of market disruption to the domestic industry.16 billion) in 2006-07. Alternatively. in case there is serious injury/market disruption. Final safeguard duty was imposed in 4 cases during the two years.116 crore ($23. the release said. the affected industry or unit can make an application for imposition of safeguard duty to the Directorate General of Safeguards under the ministry of finance. the release added. . the commerce ministrys said today. The Customs Tariff Act. the latest duty would push import cost by just US$22 per ton. especially from the small and medium scale segment.3) Cheap Chinese goods harming Indian industry: The government is taking measures to counter the threat posed to the domestic manufacturing sector in India. 1975 includes provisions for providing relief to the domestic producers against injury caused to them by imports.domestic prices in India are ruling at almost US$700. the agreement on subsidies and countervailing measures. 1992. In case a product is imported into the country at less than its normal value.69 billion) in 2007-08 and Rs79. a government release said today. India's merchandise imports from China doubled during the last 3 years to Rs1. India imposed anti-dumping duty on Chinese goods in 22 cases. 'subsidised' imports or 'increased' imports.05 billion) during the financial year 2008-09 from Rs1. So.
Even international locations like USA and some European traders are importing electronics items from China at regular basis. the one of the prime reasons to buy from China for the importers is its good and consistent quality in spite of its low cost. especially of electronics items. The electronics goods from China are of good quality and highly affordable thus proves costefficient for trading. good quality. it is always better to skip the involvement of middlemen in the course of the import business otherwise unit price for the electronics item will be higher. China has been now tagged as the world factory of electronics goods item at reasonably lower cost. Because of the flexible import policies.(6. These statistics has expressed the facts that China export market of consumer electronics item has taken a steady pace and it is worth importing consumer electronics item from China. Therefore. those in trading business of imported electronic items may find it convenient to have electronics goods buy from China. and reasonable price are three pillars of electronics export market of China. the combo of quality and aesthetics has kept the demand of China electronics products ahead of other products of the same category. In short. If an importer approaches China ship agents to coordinate the import sale deal it has provision for minimizing over all cost for the entire business transaction.Reasons to Buy From China China is now being considered as one of the biggest giants in producing electronics items in reasonable price range. in case of electronics products. While planning to purchase from China.set up cost to low. Besides this ranking. Recent research and study have shown the fact that the technological advancement of China electronics industry has made the production quality of China with South Korea. However. On the other hand. the low. for running import business. which is manufactured at the fraction of its regular cost with accuracy and precision. it has to follow some easy methods of import. the involvement of shipping agent will help to keep the wholesale electronic goods prices at the lowest range. Consistent supply. The market trend of China has reached at its full pace due its wide array of goods. business with China is easy and hardly needs any special effort to run the business under smooth spell. Japan. it is always recommended to contact China vessel agents and they can help the importer to find out the best possible deal in terms of price in electronics products.labor cost and corporate low tax level has helped the price tag to be on the lowest side and good quality against low price factor has . In the same category products from Japanese origins are costlier as well as import policies are not that flexible as China policies. However. If a business unit wants to buy from China at wholesale rate. China is ranked as one of the most eye-catching consumer market on electronics items from the investment point of view.4) Why are we Importing electronic products from china? Wholesale Electronic Products . and even with the electronic goods made in Taiwan and it has merged as one of the leaders in Asian force of electronic consumer goods industry in 21st century.
Thus many manufacturers moved their base to China for production. It is about time we see the rural markets flaunting mobile stores and the mobiles selling like hot cakes. a watch making company also entered the rural mobile market industry by manufacturing their handsets in China. But due to the bureaucratic structure the process was elongated. They supply handsets to players like Reliance Communications and Tata Teleservices. The mid-range handsets are not yet popularized by the Chinese products and so is the higher end range.5) Chinese Handsets Flooding the Indian Mobile Stores: The Indian mobile phone market is flooded with new handsets every week. The lifestyle handsets are not yet preferred of Chinese origin but the entry-level ones are highly popular. 800. Even Spice mobile which has been famed for its dual-sim capacity handsets it also rolling out a series of cheap handsets. While being one of the most communication hungry nations it should thrive to start production for the same. ZTE has a huge share in the CDMA (Code Division Multiple Access) market. These handsets will be priced as low as Rs. To venture into this obvious growing market mobile phone producers thought of opening manufacturing plants in India. . Bird International and Kejian have forayed into the Indian mobile phone market and are expanding. While most unaware of English language the Rs.emerged as one of the main reasons to buy from China market for the importers across the world. With the kind of technology and marketing the costs could be further lowered. Most of the entry level. The Indian mobile phone market is flooded with handsets produced from China but marketed and sold in India. The cheap pricing with basic functions suits the routine of the semi-urban and rural crowd in India. The low priced Chinese handsets are becoming an easy buy for the Indian consumers. The urban market has been exploited and the penetration is soaring this is evident with the growing number of mobile stores. Manufactures are adhering to the needs of the people and are customizing their handsets to suit the Indian buyers. basic utility phones to mid-range phones is manufactured by ZTE. Orpat. (6. The semi-urban and rural markets are next in line to avail this convergent medium of communication. 800 handset from Spice mobile has no display screen but a voice based application which helps in dialing numbers. The buzzword in the Indian mobile industry is the rural market the Chinese makers are raking in business and profits. It is about time when mobile handsets are extensively produced in India. Even China’s big guns in mobile production like ZTE. Makers from all over the world are recognizing the potential of the Indian markets.
you can see China market every nook and corner of the country. After facing lot of hardship we have today decided to take to streets as for how long can we go on living in penury?" said Razia Begum. Many manufacturing companies like Auto mobile and tyre are also facing the heat. helped by computer-assisted copying of designs. According to protestors cheap imitation products are doing roaring business while highly skilled weavers who produce the original product suffer. slightly up from the 39 investigations on exports from China that were reported for the . Varanasi. with 40 measures directed at its exports between July and December 2007. according to the World Trade Organisation. Banarasi sarees require more labour. but people are selling imitation of Banarasi sarees in cheap quality Chinese material. Hence the Chinese goods are much cheaper compare with local products Because of this every company like Sony. because of the Chinese sarees which are being sold at lesser price than our sarees. 000 people only. The latest is Banarasi saree industry in Varanasi Scores of handloom weavers took to streets. the milk powder also banned Chinese goods are dumped every where.(6. cell phone and even the Hindu gods photos also printed in china. including China. watches. 2007. Among all the countries in the world. accounting for nearly half (26) of the 58 new measures. The examples are USA has banned Chinese toys as these creating health problems to children. Of late many countries are not allowing the Chinese goods to be imported to their countries. The most popular goods are plastic . famous for its world renowned Banarasi sarees. Many goods are manufactures in china and you can always see Made in china label even you purchase an electronic DVD or LCD from USA or UK. money and expensive raw material. Many companies are protesting to ban the Chinese import. the number of people employed in the once thriving industry has reduced from around 700. "Earlier we used to do good business in Banarasi sarees. against the cheap quality Chinese imitation products flooding the market. Powerloom owners have been producing cheap imitation products at various places. the import of Chinese goods are harming the local markets. during July 1 to December 31.6) Chinese goods are creating problems: China the growing market is producing the cheaper goods and exporting to all over the world. so our business is being affected badly. India imposed the maximum measures and ordered the highest number of probes (31) into dumping of goods from different countries. The Banarsi saree industry has also been adversely affected due to the import of cheap Chinese fabric.000 people to 250. Chinese products faced the maximum number of anti-dumping measures. Panasonic etc will manufacture their goods in China and import them to their countries. Imports from China to India had galloped pace from $11 billion to $27 billion in the last three years. a protester. In China the cost of manufacturing is very less because of cheaper labour and bulk quantity of the production. Many people flock to China markets because of the cheaper cost compare with local goods. According to data available through Non-Governmental Organisations (NGO's) working with the weavers. but slowly it started falling. home appliances. China was most frequently subjected to new investigations.
Sectors that are hit hard with imports from China are machinery and equipment. base metals and auto components Solutions • Government should ban the imports of Chinese goods immediately • Under intellectual property rights patenting should be encouraged for traditional goods like Banaras saree.corresponding period of 2006. Tanjore painting etc • People also should not flock for cheaper goods as these good are not good as far as quality is concern If correct measures are not taken immediately the manufacturing industry. chemicals. traditional industries like Banaras saree will face problems. Chapter -7 Chinese goods: Boon or bane? (7. textiles.1) Boon or Bane: .
In the early 1980s. with the advent of information technology. Traditional manufacturing industries in India were reaping profits at the cost of both consumers and workers till the early 1960s. has given rise to a new class of people whose salary levels. on the one hand. the prices of China-made compact fluorescent lamps are less than the prices of lamps of well-established Indian brands. The government's globalisation policy was welcomed initially by the industry associations for two reasons: To dismantle the last semblance of labour laws and to divest PSUs and nationalised banks with the supposed aim of increasing efficiency and removin g NPAs from their books. From the narrow viewpoint of the average consumer. when these industries face the onslaught of globalisation on home turf (in the form of cheaper Chinese products). who opt for superannuation.with its large area and population -. Even very profitable concerns have lured employees into vol untary retirement schemes. they are again pleading that there is no labour law in China. reducing the wage levels for the majority. The inefficiencies of companies a re exposed to competition from efficient enterprises. The NPAs stand testimony to how our nationalised banks are being systematically looted to promote a few while keeping the majority of the workers below the required wage levels. With the growth of socialism. Now. countries are finding it increasingly difficult to maintain closed-door policies. As a result. the Indian model of econ omic development has to be different from traditional Western models. sufficiently satisfactory quality goods are available at roc k-bottom prices. For instance. people below retirement age. on the other. One basic fact that cannot be ignored is India's large population of diverse culture and religion. Organised industry has resorted to employing labour contractors on a daily-wage basis. in cooperation with various industry associations and some economists with `western outlook'. reduced the employment opportunities of the middle-classes. bypassing the statutory provisions of facilities and. Consumers are becoming more aware of the availability of various technologies. the majority of non-Left parties. and of comparable quality. and the question whether we should accept this silently. The right economic model should provide social stability in terms of gainful employment for the masses. With the fruits of the increased sales .is not comparable. But the new economic model. To keep the country together with a socially stable set-up. in effect. the workers started asserting themselves under the banner of trade unions. This process helped capitalists exploit the toiling millions. This parochial campaign must be exposed. Due to this pressu re. h ave risen to dizzying heights and. With the tremendous explosion of communications technology.The recent flooding of Chinese goods into the Indian market has raised a hue and cry. with liberalisation. started supporting the idea of globalisation at the cost of national interest. public sector units registered tremendous growth and large private enterprises were also able to record higher profits. come back to the job market with the advantage of experience. and the market share of the laggards is diminishing rapidly. Even China -.
. (7. Sometimes. (4) Import business leads to some employment generation (5) Government collects tax by way of customs duty. Disadvantages: (1) Cheap imported Chinese products kill competition and local small scale industries suffer. (4) Closure of local industries may also lead to social unrest arising out of unemployment of staff and employees (5) Cheaper goods means cheap quality and consumers may suffer on . may lead to unemployment. (2) Closure of local industries due to Chinese imported goods. (6) It may lead to competition which in turn may lead to better quality products. may close down.by these industries failing to reach the common man.2) Advantage and Disadvantage of Chinese Products: Advantages: (1) Cheaper price benefits the consumer (2) Cheaper raw materials are beneficial for industries (3) Importer and trader makes money by selling goods. 3) It may also lead to loss of revenue due to the closure of local industries. the availability of cheaper Chinese items definitely spells relief for him.
com www.com www. The documents and procedure is necessary for both importer as well as exporter.alibab. REFERENCE Sites: www.com . without these the export-import can not be done.CONCLUSION I have completed my thesis report on IMPORT OF CHINA CHINESE and found that documentation and procedure for import is very crucial and important.indiatrade.indiatradezone. Good documentation and procedure of import is very necessary and it should be execute very carefully and sincerely.
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