Uploaded on Sep 10, 2019
In this blog, we have discussed about how AEPC registration helps in Export promotion and also the benefits attained by the people.
Exports promotion can be attained by AEPC Registration
HOW AEPC REGISTRATION
HELPS IN EXPORT PROMOTION?
In this blog, we have discussed about how AEPC registration helps
in Export promotion and also the benefits attained by the people.
Chiefly, AEPC stands for Apparel Export Promotion Council. The exports
council is supported by the ministry of textiles, government of India is the
agency to promote export of ready-made garments from India to other
foreign countries. In order to motivate the growth of the garment exports
both in quantity and quality wise, AEPC offers technical assistance,
guidance and information seeking to open up new marketing avenues for
exporters. Moreover, AEPC has got around 7000 apparel manufactures as
its members and 150 staffs across 11 offices all over India. It is
contributing a share of 6% of India’s total exports, which is around 3% of
the world trade in clothing.
In addition, AEPC was
incorporated under the 25 of
the Companies Act, 1956 as a
company limited by guarantee
on 22nd February, 1978 with
the prime object of promoting
and regulating the growth of
Readymade Garments to
protect India’s image as the
reliable suppliers of high
quality readymade garments
and services. The Council is
sponsored by the Government
of India, Ministry of Textiles.
Exports promotion council
functions
The major functions of Exports promotion council are:
• In AEPC, Administers and supervisors exports readymade garments for
countries under MFA.
• Discovers market place and identifies items which offer export potential.
• Provides library facilities to the members enabling them to keep well-
informed about new and current fashion trends in world market and
circulates international market information.
• Organizes Buyer Seller Meets abroad for selected products.
• Participates in Trade Fairs and Exhibitions abroad.
• Organizes seminars, discussions about the topics of current interest.
• Creates and assists the publicity in abroad for selected products.
• Provide suggestion for Government on matters of Export-Import Policy for
readymade garments. And also arranges suitable union between buyers
and suppliers.
• Further, AEPC also promotes prestigious fairs namely
• India International Garment Fair (IIGF) which is conducted biannually for
spring/summer and autumn/winter;
• And India Knit Fair (IKF) is an annual fair. These fairs are attended by
foreign buyers and generate business for Indian garment globally.
Notable Achievement of AEPC
The notable achievement for the garment industry with the formation of
the AEPC in our country is that it enters into a new era with the
development in its exports. The new Council will be a very important
additionally to other 18 exports promotion councils contributing their share
in the export promotion under different items. In the economic history of
our country the formation of this Council is a most valuable step to boost
the exports of readymade garments.
Till now, Cotton Textiles Export Promotion Council was handling the export
promotion work of garments, but now as the garment industry has
achieved the target of 250 cores, the leaders of the garment industry
thought that it would happen only in the interests of the garment industry
to have a separate AEPC.
Two leading organisations
AEPC’s two leading organizations of readymade garments, clothing
manufacturers association of India, Bombay and garments exporters
association, New Delhi took a great lead in this matter and formed a
Special ad-hoc committee. The development of garments exports achieves
major tasks such as:
• Earning foreign exchange for the Country
• Providing employment
• Encouraging tourism
OBJECTIVES OF AEPC
• To promote, increase, develop the export of all types of ready-made
garments excluding woolen knit wear, garments made of leather, jute
and hemp.
• Undertake export promotion measures for research, quota distribution
and allocation.
• For Finding out the tariff and other restrictive practices of importing
countries and also the product range and export prices of garments of
other countries,
• Develop new designs and also the patterns of garments, to undertake
marketing in individual foreign markets and to send trade assignments
and missions to foreign countries as well as to the survey export potential
of ready made garments from the country.
• AEPC appoint representatives or agents in foreign markets for the
purpose of regularly reporting the markets prices, market preferences
and latest fashions and designs prevalent in the foreign countries.
• To support members in the Small Scale Sector by giving assistance in the
matter of understanding and implementation of the drawbacks, rules and
procedures, also the import licence facilities provided and how to apply
for the facilities.
• To undertake training of workers and technical personnel, to improve the
skill of workers engaged in garment manufacturing in India and to assist
in the technological base of the garment industry.
How does AEPC help in export promotion?
As per MDA guidelines, any exporter who is a member of AEPC with at
least 12 months of membership and export turnover of the company less
than 15 crores rupees in the previous financial year can avail MDA grant
for participating in overseas trade fairs. The MDA eligibility according to
the area-wise for a particular financial year is given below:
During the year 2008-09 tend through AEPC in different AEPC’s
overseas fairs. List of exporters, who have received MDA is placed
in AEPC website.
Eligibility for AEPC
Consequently, AEPC is registered under section 25 of the Companies’ Act
1956 and it has two categories of Members: Member Exporter and
Registered Exporter.
Any applicant, firm or society who is an exporter of garments whether
manufacturer exporter or merchant exporter in the export are eligible to
be registered as a Registered Exporter of the Council.
The Executive Committee of the Council has made the following criteria for
the registration of Member Exporter:
• The Applicant is a registered company or in case of individual for sole
proprietor firm, he or she is more than 21 years of age on the date of
application for membership.
• The applicant or the director of the company has not been adjudicated
insolvent by a competent Court of Law.
• The applicant or any partner/director of the firm has not been convicted
of an offence involving misconduct.
• The aggregate export performance of garments of the company is more
than Rs. 1 crore during previous three financial years.
CONVERSION FROM REGISTERED EXPORTER
TO MEMBER EXPORTER
For AEPC, applicant who fulfil the above criteria should apply to the Council
for conversion from Registered Exporter to Member Exporter along with
following documents.
• Exporter’s turnover of readymade garments during the previous three
financial year duly certified by a Chartered Accountant or from the bank.
• Application from duly filled by the applicant that may be downloaded
from Council’s website i.e.www.aepcindia.com
• Demand Draft/Pay Order/Cheque of Rs.8000/- + 18% GST (Total Rs.
9440/-)as annual subscription as a registered exporter . A separate
Demand Draft/Pay Order/Cheque – (Rs.1000/-+ 500/- difference amount
+GST @ rate of 18% as entrance fees as Member Exporter (Total
Rs.1770/-).
• The Original registration cum membership certificate of registered
exporter.
The application for Conversion from Registered Exporter to Member
Exporter along with the above documents can be submitted at Registered
Office or at concerned branches of the Council.
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