Dear Members,

 

 

The O/o Directorate General of Foreign Trade, New Delhi has issued  Trade Notice  no. 33/2020-21  dated 28^th  October 2020 regarding Linking/Registration   of   IECs   in   the   new   revamped   DGFT   Online environment.

 

We understand that the objective of introducing these revamped systems is to provide  paperless,  digital,  efficient  and  transparent  services  to  the  exporters  and importers, and to further the overall goal of Trade Facilitation and Digital India. The  platform would be accessible through the existing website:  https://dgft.gov.in

 

The online processes relating to entire lifecycle of Advance Authorisation, EPCG & DFIA including their paperless Exports Obligation Discharge (EODC) shall be rolled out soon. In addition to these processes, Norms Fixation, Free Sale & Commerce Certificate, Steel Import Monitoring System(SIMS), Import Licencing and some other processes shall also be rolled out soon.

 

Among other services, the new online system will have a two-way communication between the DGFT and the exporter/importer and would allow the applicant to apply, monitor the status of the applications, reply to the deficiencies, raise queries etc.

 

In relation to this proposed roll-out, attention of all exporters and importers is invited to the following action points:

 

 

Ø The new platform is accessible through user-based IDs for applying online. All IEC holders are encouraged to create login IDs through an online registration  process preferably well before the roll out of next phase of the platform in the 2-3 weeks.

 

Ø For user ID creation, mobile number/email ids will be a mandatorily required. The   same   will   be   authenticated   by   the   process   of   OTP/email   based authentication process.

 

Ø Users would be required to link their login Ids to their specific IEC. The process of linking would be available post login through an authentication process using a Digital Signature Certificate or Aadhaar based e-Sign.

 

Ø Only  the  Aadhaar  e-sign  of  the  proprietors/directors/partners/Karta  etc.  as mentioned on their IEC may be used for Aadhaar based authentication.

 

Ø For Digital Signature certificates(DSC) a Class-II/Class-III Certificate is allowed.  The given DSC may be of either of the 3 types –

 

1. Individual DSC of the proprietors/directors/partners/Karta etc.

 

1. Organization-based DSC where the firm name matches the name on the IEC. The given DSC type may be issued in the name of any authorized signatory (as per the rules of the Controller of Certifying Authorities).

 

1.  IEC based DSC wherein IEC is embedded as a parameter in the DSC

 

 

Ø Post linking of the IEC, the IEC holders are requested to complete the IEC auto-validation process by using ‘Modify IEC’ process after logging in.

 

Ø IEC holders are further required to update the Profile details using the ‘Manage Profile’ option. Details related to Industrial Registrations, Export Performance details and other should be duly filled in. Please note that the profile updation is an automatic process and does not require any approval or fees.

 

Ø IEC holders are requested to go  through  Help manuals & Frequently Asked Questions (FAQs) available on the new DGFT website under the ‘Learn’ section.

 

 

Export  Promotion Councils & Commodity Boards  have also been  requested  to  take necessary  steps  to  inform  their  registered  exporters  about  the  new  platform  and revamped service delivery mechanisms of DGFT, through their newsletters and email communication.

 

For further guidance, please refer to the Help Manuals & FAQs available under https://dgft.gov.in > Learn > Application Help & FAQs .

 

For any further assistance you may utilize any of the following channels —

1. Raisea ticket for your Complaints, Suggestions or Feedback using the feature under https://dgft.gov.in > Services
2.  Call the toll-free Helpline number 1800-111-550

iii.     Send an email to  dgftedi@nic.in

 

 

Members are requested to take  note of the same and do the needful accordingly.  The above said Trade Notice is available for reference using below link-

 

https://content.dgft.gov.in/Website/dgftprod/6d43e4ea-8c2e-4309-ac99-840ee71adfa6/Trade%20Notice%2033%20for%20Stage%201B%20go-live.pdf

 

For any issues, you may use  raise  query on  DGFT site for resolution.   Feedbacks, if any, may also be sent to the council on id's: ed@chemexcil.gov.in;  deepak.gupta@chemexcil.gov.in,  pwdd@chemexcil.gov.in  & info@chemexcil.gov.in  for records/ taking it further, if needed.

 

Thanking you.

 Yours faithfully,

 

S G Bharadi
Executive Director

 

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