CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th Floor, 7 Cooperage Road, Mumbai - 400 001.India.
Tel : +91 22 22021288 / * Fax : +91 22 22026684
email : info@chemexcil.gov.in Web : https://chemexcil.in
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EPC: LIC: COO
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Date: 14-10-2020 |
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’sExports underGSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020
And Lists of Peruvian importers in various Chemical productsDistributor of Chemical Products in Peru looking for opportunities to source various chemicals from India
And Lists of Peruvian importers in various Chemical products
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To
All Members of the Counci
ALL THE MEMBERS OF THE COUNCIL
O/o Directorate General of Foreign Trade (DGFT) has issued Trade Notice No. 30/2020-2021 dated 13th October 2020 whereby it is informed that the electronic platform for Preferential Certificate of Origin(CoO) is being expanded to add four more FTAs/PTAs to facilitate electronic application of CoOs.
As you are aware, this given e-platform is accessible at the URL: https://coo.dgft.gov.in and CoO for exports from India under following FTAs/PTAs are already being applied and issued through the e-platform.
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ICPTA
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India Chile Preferential Trade Agreement
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SAFTA
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South Asia Free Trade Agreement
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SAPTA
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SAARC Preferential Trade Agreement
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IKCEPA
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India Korea Comprehensive Economic Partnership Agreement
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IJCEPA
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India Japan Comprehensive Economic Partnership Agreement
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AIFTA
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ASEAN India Free Trade Agreement
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ISFTA
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India Sri Lanka Free Trade Agreement
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APTA
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Asia Pacific Trade Agreement
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To further this trade facilitation initiative, the Preferential Certificate of Origin for exports to various other countries under the following four trade agreements shall also be applied and issued from the CoO e-platform with effect from 15th October 2020.
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GSP
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Generalized System of Preferences
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GSTP
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Global System of Trade Preferences
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IMCECA
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India Malaysia Comprehensive Economic Cooperation Agreement
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ISCECA
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India Singapore Comprehensive Economic Cooperation Agreement
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The given CoO applications for exports from India under GSTP, IMCECA and ISCECA should be submitted through the e-COO platform to the designated issuing agencies. (May please refer to Appendix 2B of the Foreign Trade Policy for details of the designated issuing agencies). No manual application for such a CoO should be submitted to an issuing agency after 15th October 2020. Any manual applications submitted prior to the given date may however be processed by the issuing agencies.
CoO applications for exports under GSP may also be submitted through e-CoO platform w.e.f. 15th October 2020. However, the earlier procedure of submitting the manual CoO applications (under GSP) physically to the designated issuing agency shall also be in operation. There shall be a transition period of 3 months when both the online and the physical process shall be operated. Manual submission of GSP CoO applications is accordingly allowed to continue up to 14.01.2021 or until further orders.
It is informed that for the applications under the above mentioned FTAs/PTAs, the eCoO system shall generate all the existing set of CoO copies along with an additional copy i.e. electronic copy. The electronic copy shall bear the image signature of the officer and stamp of the issuing agency. The exporter may however get the remaining copies duly ink-signed by the issuing officer with the stamp from the designated issuing office. The copies of the CoOs so issued may be collected by post or in person, for any submission to the FTAs/PTAs partner countries authorities.
The concerned Exporters may please take note of the following additional points with regard to the process being notified herewith:
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Digital Signature Certificate (DSC) would be required for the purpose of electronic verification. The digital signature would be the same as used in other DGFT applications;
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The digital signature may be Class II or Class III and should have the IEC of the firm embedded in the DSC;
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Any new applicant exporter would be required to initially register at the e-platform. The password would be sent on the email and mobile number of the IEC holder. In case the IEC holder desires to update their email on which communication is to be sent, the same may be done by using the ‘IEC profile Management’ service on the DGFT websitehttps://dgft.gov.in
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Once registration is completed, the IEC branch details would be auto-populated as per the DGFT-IEC database. Applicant is required to ensure that updated IEC details are available in the DGFT system.
Necessary steps may be taken to modify the IEC details online, whenever required.
For further guidance on registration and application submission, the Help manual & FAQs may be accessed on the landing page at https://coo.dgft.gov.in .
For any further assistance you may utilize any of the following channels —
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Raise a service request/suggestion ticket through the DGFT Helpdesk service link on the e-platform home page
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Call the toll-free Helpline number 1800-111-550
iii. Send an email to coo-dgft@gov.in
Members are requested to take note of this trade notice and do the needful accordingly. The said Trade Notice is available for download on https://www.dgft.gov.in/CP/ .
For any issues, you may contact on various channels as mentioned above.
Members may also send their feedback on our email id's: ed@chemexcil.gov.in; pwdd@chemexcil.gov.in, deepak.gupta@chemexcil.gov.in & info@chemexcil.gov.in
for records/taking it further, if required.
Thanking you.
Yours faithfully
S G Bharadi
Executive Director
Prafulla Walhe
Deputy Director
S G Bharadi
Executive Director
As we all understand, CBIC is committed to delivering superior trade experience by efficient service delivery. In this regard, CBIC seeks your valuable feedback/suggestions to improvise on their services.
Kindly take part in the survey using below links-
Survey link
https://www.icegate.gov.in/icegate-feedback/
Members are requested to take note and may spare their valuable 5 minutes to complete the survey which will help authorities to improve their services, wherever required.
Thanking You,
Yours faithfully,
(S. G. BHARADI)
EXECUTIVE DIRECTOR
CHEMEXCIL
As per updates on www.icegate.gov.in, Central Board of Indirect Taxes and Customs (CBIC) has invited Trade Community to participate in MANTHAN (Survey).
As we all understand, CBIC is committed to delivering superior trade experience by efficient service delivery. In this regard, CBIC seeks your valuable feedback/suggestions to improvise on their services.
Kindly take part in the survey using below links-
Survey link
https://www.icegate.gov.in/icegate-feedback/
Members are requested to take note and may spare their valuable 5 minutes to complete the survey which will help authorities to improve their services, wherever required.
Thanking You,
Yours faithfully,
(S. G. BHARADI)
EXECUTIVE DIRECTOR
CHEMEXCIL
As you might be aware, Government has recently announced “Emergency Credit Line Guarantee Scheme" to provide liquidity to the MSMEs in the wake of COVID-19 related economic stress.
Under the Scheme, 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC) for additional funding of up to Rs. three lakh crore to eligible MSMEs and interested MUDRA. borrowers, in the form of a Guaranteed Emergency Credit Line (GECL) facility.
Details/ Salient Features of the Scheme
The Emergency Credit Line Guarantee Scheme (ECLGS) has been formulated as a specific response to the unprecedented situation caused by COVID-19 and the consequent lockdown, which has severely impacted manufacturing and other activities in the MSME sector.
The Scheme aims at mitigating the economic distress being faced by MSMEs by providing them additional funding of up to Rs. 3 lakh crore in the form of a fully guaranteed emergency credit line.
The main objective of the Scheme is to provide an incentive to Member Lending Institutions (MLIs), i.e., Banks, Financial Institutions (FIs) and Non-Banking Financial Companies (NBFCs) to increase access to, and enable availability of additional funding facility to MSME borrowers, in view of the economic distress caused by the COVID-19 crisis, by providing them 100 per cent guarantee for any losses suffered by them due to non-repayment of the GECL funding by borrowers.
The salient features of the Scheme include –
i. All MSME borrower accounts with outstanding credit of up to Rs. 25 crore as on 29.2.2020 which were less than or equal to 60 days past due as on that date, i.e., regular, SMA0 and SMA 1 accounts, and with an annual turnover of up to Rs. 100 crore would be eligible for GECL funding under the Scheme.
ii. The amount of GECL funding to eligible MSME borrowers either in the form of additional working capital term loans (in case of banks and FIs), or additional term loans (in case of NBFCs) would be up to 20% of their entire outstanding credit up to Rs. 25 crore as on 29th February, 2020.
iii. The entire funding provided under GECL shall be provided with a 100% credit guarantee by NCGTC to MLIs under ECLGS.
iv. Tenor of loan under Scheme shall be four years with moratorium period of one year on the principal amount.
v. No Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the Scheme.
vi. Interest rates under the Scheme shall be capped at 9.25% for banks and FIs, and at 14% for NBFCs.
Implementation schedule:
The Scheme would be applicable to all loans sanctioned under GECL during the period from the date of announcement of the Scheme to 31.10.2020, or till an amount of Rs three lakh crore is sanctioned under the GECL, whichever is earlier.
Members are requested to take note of above features of the ECLGS Scheme and may avail, if applicable.
For operational guidelines and FAQs, please use below links on NCGTC site-
https://www.eclgs.com/documents/ECLGS%20-%20Operational%20Guidelines-Updated%20-%2002.06.2020.pdf
https://www.eclgs.com/documents/FAQs_on_ECLGS-Updated_as_on_06.06.2020.pdf
Please note that above information is being provided only as a service to the members in good faith. For further details/ queries, Please contact your bank and financial institutions.
You may also send your feedback to the council on info@chemexcil.gov.in .
Thanks and Regards,
S G Bharadi
Executive Director
This is with reference in view of the disruption in supply chains due to the Corona virus. As you aware that Coronavirus epidemic is a matter of grave concern for the entire world, it is incumbent on larger economies like India to fill up the gaps in the global market. Countries which had been depending on China have learnt a lesson they should have an alternative market for sourcing and India was expected to be their preferred destination. So in the coming few months can provide our exporters greater market access in the absence of usually aggressive and competitive Chinese suppliers.
As a part of special measures under the national emergency to combat the spread of COVID-19 in Peru, has announced a zero per cent import duty on 65 products which include organic and inorganic chemicals, medicament, medical appliances, articles of vulcanised rubber, super absorbent polymers, etc. this is to overcome the likely supply chain disruption. Though a temporary measure intended for 90 days with effect from 13 March, it is likely to be extended for a longer period. Peru currently imports these items from China, USA, and EU countries, with which it has Free Trade Agreements, while imports from India attract 6% duty. According to Lima Chamber of Commerce (LCC) and the Association of National Pharmaceutical Industries, the measure (to remove duty) would incentivize Peruvian importers to source these products from other markets such as India.
In this context on our request we have received tremendous support from the High Commission of India in Peru and we have received information from them that President of Anders Peru S.A.C., Mr. Peter Anders – which has major presence in Peru as distributor of chemicals and intermediate products in different industrial sectors, has expressed interest in establishing contacts with potential suppliers in India. Mr. Anders approached the Embassy for support and guidance for sourcing chemicals and ingredients in the following sectors:
• Coatings and adhesives
• Plastics
• Flexo painting
• Home and personal care (cosmetics and perfumes)
• Industrial and institutional hygiene
• Electroplating
• Textiles
• Paper industry
• Food additives
Mr. Anders has stated that they are currently importing dyes from India for the paper industry, and that they are keen to build and expand company’s trade relations with Indian suppliers.
Anders Group is a well reputed Peruvian company in the chemicals sector and it is a regional South American distributor of specialty chemicals, ingredients and industrial equipment. It was founded in 1964 and has 56 years of market experience. Its headquarters is located in Lima, Peru. The group with more than 150 employees and a turnover of over US$ 60 million, has commercial offices and warehouses in Peru, Bolivia, Ecuador, Chile and Colombia. The group company presentation is attached herewith for your ready reference. Mr. Anders also informed that he would like to use company’s distribution centre in Lima as a hub for supplies to countries in the region.
Mr. Anders’ proposal offers a good opportunity to tap into the Peruvian market, especially when exports of organic chemicals from a major supplier to Peru has dropped by 17% and those of inorganic chemicals by 13% during the period January – April 2020.
We may request to our members to contact directly with Anders Peru S.A.C to expand business in Peruvian market. The details are mentioned below
Mr. Peter Anders
President of the Board
Anders Peru S.A.C.
E.mail: peter.anders@qanders.com
Further, as desired, please find attached Lists of potential importers in Peru under Chapters 28, 29, 32, 33, 34, and 38.
We may request to our member exporters to take advantage of this opportunity and export to Peru.
Members may also send their comments / feed-back on our e-mail id’s: ed@chemexcil.gov.in; adreach@chemexcil.gov.in; deepak.gupta@chemexcil.gov.in; rokolkata@chemexcil.gov.in & robengaluru@chemexcil.gov.in
Thanks and best regards,
S G BHARADI
EXECUTIVE DIRECTOR
CHEMEXCIL
BASIC CHEMICALS, COSMETICS & DYES EXPORT PROMOTION COUNCIL
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