According to the notification issued last week, import items are modified with relevant woven fabric in place of nylon fabric with polyester wadding (quilted). It means that modified SION will provide flexibility for import of materials used to produce waist coats. Export items are also modified for waist coat in place of waist coat made of nylon. Therefore, exporters can manufacture waist coats with other types of imported materials.
India exported coats worth $48.499 million in 2021. The exports declined to $37.908 million during the pandemic year of 2020 from $54.029 million of 2019. The country’s coat exports amounted to $44.752 million in 2018 and $39.996 million in 2017, according to Fibre2Fashion’s market insight tool TexPro.
India’s DGFT has modified the Standard Input Output Norms (SION) for waist coat (product code J-222) with immediate effect. The authority has issued a notification for the amendment in the SION of J-222 in the handbook of procedures. It modified the description under import items to provide a broader definition of fabrics used in waist coat.
The total exports of coats from India may surpass pre-COVID levels this year as the outbound shipment has already crossed $27.135 million in January-August 2022.
Fibre2Fashion News Desk (KUL)
