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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.
Tel : 91-22-22021288, 22021330 Fax : 91-22-22026684.
E-mail: info@chemexcil.in
Website: http://www.chemexcil.in
EPC/LIC/ECGC 19th Dec 2022
TO
ALL THE MEMBERS OF THE COUNCIL
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ECGC Policy Changes- Feed-back Requested
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Dear Members,
We have received representation from one of our member-exporter regarding issues faced due to ECGC Policy Changes w.e.f 1st Dec 2022.
We understand that, ECGC has issued Revised Coverage for All Countries as follows:-
1. Many Countries Have been downgraded thereby increasing our premium ---
With existing customers with whom we have been associated with decades we cannot pass on the Increase in premium, Customer Expects us to Start reducing the cost over a period of time.
2. Many countries have been moved from Open Cover to Restricted Cover with Revolving Limits or Case to Case Limits
Ø Revolving Limits: ECGC is granting Limit for a period of 1 Year on that buyer covering multiple shipments.
Ø Case to Case Limit: ECGC will grant limit for Every order.
Members are requested to check with their relevant teams and provide feed-back whether they are facing the same issue with ECGC.
Your valuable feed-backs, if any, be sent to the council on e-mail ids:- dg@chemexcil.in and pw@chemexcil.in, rd.ahd@chemexcil.in, robengaluru@chemexcil.in & rd.del@chemexcil.in for records/ further deliberations, if required.
Thanking You,
Yours faithfully,
Deepak Gupta
Acting Executive Director
CHEMEXCIL
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