Dear Members,

 

O/o Commissioner of Customs (NS-I), JNCH has issued Public Notice No. 130/2020  dated 7^th October  2020 regarding Procedure for AD/IFSC Code Online Registration through ICEGATE.

 

As informed earlier, Directorate General of Systems, CBIC, Govt of India has launched Bank Account Management module (Bank Account Management Advisory is available on Icegate website in Advisory Option on Home page ) for IEC Holders on Icegate website on www.icegate.gov.in vide Board Circular No. 32/2020 dated 06.07.2020 (available on CBIC website- www.cbic.gov.in ). Accordingly, JNCH, Nhava- Sheva has issued Public Notices Nos 79/2020 dated 08.07.2020 and 93/2020 dated 29.07.2020 for procedure and required documents for vide publicity (available on JNCH website- www.jawaharcustoms.gov.in  ). 

 

The said Module is a facility for Exporters for online registration of AD/IFSC  code with Customs for remittance and Drawback/IGST refund and viewing of the status of all registered AD/IFSC code online.

 

However, we understand that representations  from  Exporters,  Custom  Brokers  have  been received by Customs  that  they  are  not  able  to  process  their  online  application  on ICEGATE. In many cases, the exporters have sent required documents on email to EDI section of JNCH instead of online processing on ICEGATE.

 

Therefore, for ease of exporters & Trade, it has been decided to elaborate the step by step process on ICEGATE for smooth registration. The same is explained in subsequent para.

 

STEP-I

IEC holder is required to get Bank Authorisation Letter in  Annexure-A from the concerned bank as per format available  in Public Notice No. 93/2020 dated 29.07.2020 and request the bank to email  the same on EDI, JNCH email

ID- edi@jawaharcustoms.gov.in .

 

 

STEP-2

Registration     of     the     exporter/importer     on     ICEGATE     website-  www.icegate.gov.in  is required to submit online request for AD/IFSC code which is one time activity If not registered, then the  applicant is advised to get

ICEGATE registration prior to AD code application.

 

 

STEP-3

 

ICEGATE registered IEC holders are required to login on the website- www.icegate.gov.in  and choose E-Sanchit and generate one IRN number for all  required  documents  mentioned  in  Public  Notice  No.  93/2020  dated

29.07.2020,   After  getting  IRN  number,  they  are  required  to  choose  ‘Bank Account Management’ option and fill up bank details and upload IRN number for registration of AD Code and IFSC Code separately.   Then, they have to   click submit button.

 

If any error is reported by the ICEGATE, the exporters are advised to take remedial action/correction, if problem persists, the applicant is advised to send      email      on      ICEGATE      on      SAKSHAM      SEVA      mail      ID

saksham.seva@icegate.gov.in  .

 

The online requests submitted successfully by exporters will be transmitted to ICES application of customs. The Customs officer will approve/reject the said request after scrutiny of documents. The status of the request can be viewed by exporter on ‘Bank Account Management’ module in ICEGATE website.

 

 

Members are requested to take note of above  and do the needful accordingly.   The said JNCH PN with is available for reference on below link-

 

http://www.jawaharcustoms.gov.in/pdf/PN-2020/PN-130-2020.pdf

 

 

Difficulty, if any, may  be  brought to  the notice of the Additional Commissioner (EDI) or Deputy Commissioner  (EDI), JNCH on edi@jawaharcustoms.gov.in. 

 

Members may also send their feedback on our email  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 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