Circulars

Request for Representations on Impact of Duty Concessions under India-Korea CEPA
 

 

 

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  :+91-22-69821200 to 206 Fax No : 22-69821226 / 37
Twitter : @chemexcil
E-mail: info@chemexcil.in
Website: http://www.chemexcil.in

EPC:LIC:AS:CEPA:2024-25:1364:KR:1366                                            16th January 2025

TO,

ALL THE MEMBERS OF THE COUNCIL

 

Request for Representations on Impact of Duty Concessions under

India-Korea CEPA

 

Dear Sir/Madam

The Department of Chemicals and Petrochemicals  are undertaking a comprehensive exercise to review the impact of duty concessions extended under the India-Korea Comprehensive Economic Partnership Agreement (CEPA) on the domestic Chemical Industry.
We understand that the imports of certain chemicals, benefiting from reduced or nil duty rates under CEPA, may have significantly increased, potentially causing harm to Indian manufacturers.
To address this issue effectively, we seek your assistance in identifying the chemicals affected and providing substantiated data to support the case for necessary trade remedial measures.
In this regard, members are requested  to submit  a detailed representation for chemicals where such adverse impacts have been observed. The representation might include:

  1. Demand Trends: Annual demand data for the identified chemicals in the Indian market for the past three financial years.

  2. Domestic Capacity and Utilization:

    1. Installed capacity of Indian manufacturers (past three financial years).

    2. Percentage utilization of this capacity for the past three financial years.

  3. Import Data: Volume and value of imports for the identified chemicals from Korea for the last three financial years, highlighting the share of imports benefitting from CEPA duty concessions.

  4. Impact Assessment: Analysis of how these imports have impacted domestic production, and financial viability.

The representations may be submitted to amrita@chemexcil.in with copy to dg@chemexcil.in by 31st January 2025  in order to take up the matter with the Department of Chemicals and Petrochemicals effectively.

Thanks and Regards

(Raghuveer Kini)
Director General
CHEMEXCIL