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Home» Circulars» Gentle Reminder: Requesting Data For Determination Of Ceiling Rates Under Rodtep Scheme

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Gentle Reminder: Requesting data for determination of ceiling rates under RoDTEP Scheme
 

 


 

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CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
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Tel : +91 22 22021288 / * Fax : +91 22 22026684
email : info@chemexcil.gov.in Web : https://chemexcil.in

EPC: LIC: RoDTEP  Date: 23-09-2020

Requesting data for determination of ceiling rates under the scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)

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
 
To
All Members of the Counci
 
 
ALL THE MEMBERS OF THE COUNCIL
 

Dear Members,

This has reference to our circular dated 11th August 2020 Requesting data for determination of ceiling rates under the scheme for Remission of Duties and Taxes on Exported Products (RoDTEP).

Please note till  date we have received data only from 20 members  in the specified formats (R1, R2 & R3) which is duly submitted to DBK Division, CBIC, DOR for consideration while determining rates/ ceiling for those products.

As informed earlier,  Council had received letter from DBK Division, DOR dated  05.08.2020  regarding constitution of RoDTEP Committee by the Government. Further,  we received letter from DBK Division, DOR dated 10th August 2020 requesting data for determination of ceiling rates under the scheme for Remission of Duties and Taxes on Exported Products (RoDTEP).  This was conveyed to the members vide our previous circular.


We now understand during interaction with OSD-DBK Division,  DOR that the data in specified formats duly certified by Chartered Accountant/ Cost Accountant be submitted latest by 24th September 2020.

 

In view of the same, we once again urge the members to expedite submission of data if they are working on it.

While providing the  data, its reiterated that care should be taken regarding the following aspects:

 (a) Data provided should be complete for the exports made during the period  01.10.2019   to 31.03.2020.  For a particular manufactured export item, the details of all input(s) that are used in the manufacture of all types/styles of that particular export item should be indicated.

 

(b) The incidence of duty should be restricted to currently un-refunded (i) duties/taxes/levies at the Central, State and local level, borne on the exported product, including prior stage cumulative indirect taxes on goods and services used in the production of the exported product and (ii) such indirect duties/taxes/levies on distribution of exported product. An illustrative list of various duties/ taxes/ levies that might remains unrefunded is attached as Annexure.

 

 (c) It may be ensured that only taxes/levies/duties borne on the exported product which are at present not getting refunded/reimbursed under any other mechanism such as Duty Drawback, GST refunds, Central/State Govt. exemptions, subsidy, etc. are taken into account while calculating the tax incidence on the export product.

 

(d) Data submitted should pertain to at least five units for each export product so as to be representative of the industry. The units should be carefully selected from amongst the small, medium as well as large manufacturer exporters.

 

(e) Data provided should only be of manufacturers/ manufacturer exporters in the domestic tariff area and it should be certified by the manufacturer and its Chartered Accountant/ Cost Accountant.

 

(f) The data should be supported by copies of relevant documents such as tax invoices of inputs used, shipping bills of export product, State Govt. notifications regarding taxes/levies like electricity duty, mandi tax etc.

 

(g). Data provided should be from manufacturer/ Units which are willing to get their data subjected to verification by authorities to check correct ness, if required.

 

The communication from DBK Division, CBIC dated 10th August 2020 along with formats (R1, R2 & R3) is enclosed for your reference.

 

Considering the importance of this exercise to determine RoDTEP rates,  members  are once again requested to provide the data in specified formats, duly certified to the council at the earliest  for examination and onward submission to OSD-DBK Division, DOR.

 

Your timely replies/  information be sent to us  on email id's: ed@chemexcil.gov.in,     deepak.gupta@chemexcil.gov.in, pwdd@chemexcil.gov.in &  rodelhi@chemexcil.gov.in for for doing the needful.

 

Thanking you.

 

Yours faithfully

 

S G Bharadi
Executive Director

Enxcl: https://chemexcil.in/uploads/circulars/CallingfordataRoDTEP.pdf

 

 
 
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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