Chairman's Desk
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| DR. B.R. GAIKWAD |
| Chairman, CHEMEXCIL |
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Dear Fellow Exporters,
At the outset, I would like to thank the Hon’ble Minister of Commerce & Industry, Smt. Nirmala Sitharaman for reconstituting the Board of Trade, making it broad-based and convening the meeting of the same on 6th April 2016, so as to seek views and suggestions from all stakeholders on continuous declining trend in exports since last few months and to take effective steps to arrest the same for faster export growth. Let me also thank Smt. Rita Teaotia for her initiative in addressing various issues (including removal of “Proof of Landing” requirement for MEIS claim ) being faced by exporters. The dispensing of the requirement proof of landing for MEIS will reduce transaction costs of the exporters and improve their competitiveness.
I would also take this opportunity to thank the Ministry of Commerce & Industry, specially Shri B.S. Bhalla, Joint Secretary, Ministry of Commerce & Industry, for taking initiative in conceiving the CAPINDIA Exhibition which was held from 20th-22nd March 2016 at Hall 6 Bombay Exhibition Centre, Goregaon, Mumbai. This exhibition was jointly organised by four Export Promotion Councils, viz. PLEXCONCIL, CHEMEXCIL, CAPEXIL, SHEFEXIL under the aegis of the Department of Commerce, Government of India and supported by Department of Chemicals and Petrochemicals, Ministry of Chemicals & Fertilizers, Government of India.
CAPINDIA 2016 Exhibition was the first showcasing and networking event to boost the Chemical, Plastic, Shellac & Forest Products sector under the "Make in India" initiative and establish its presence in the global market. The initiatives of Make in India and the CAPINDIA are very much relevant in today’s scenario in terms of building and enlarging our manufacturing base and targeting the world as our market. The event attracted retailers and wholesalers from the Industry, which has brought the entire chemicals, plastics and allied products fraternity under one roof and that too for the first time. The Council has received overwhelming response from members and more than 250 Exhibitors covering manufacturers/exporters showcasing a range of Industrial & agricultural inputs, Consumer items, Packaging items, Plastics processing machinery under the purview of PLEXCONCIL, CHEMEXCIL, CAPEXIL and SHEFEXIL.
The Exhibition was inaugurated by Smt. Rita Teaotia, IAS, Commerce Secretary, Department of Commerce, Ministry of Commerce & Industry, in the presence of ShriBhupinder S. Bhalla, Joint Secretary -EP(CAP),Government of India. Speaking on the occasion, Commerce Secretary, SmtRita Teaotia said, “The total global imports for the products covered under the ambit of CAPINDIA are estimated at about US$ 2 trillion. Our present world share is about 1.8% which is an indicator of the immense opportunities which are out there for growth of exports. This event aims to showcase India as a reliable and competitive sourcing hub for the products of the chemicals, plastics, and allied products sector. The initiatives are aimed at targeting the world as our market. Trade fairs are one of the major vehicles for promoting trade and exports. It is our endeavour to make CAPINDIA a leading international networking event.” She also pointed out that India’s Free Trade Agreements (FTAs) with various countries are not being leveraged fully by Indian exporters. “The Department of Commerce is ever ready to assist our exporters in leveraging these FTAs better.” she said.
Chemexcil had invited 109 Foreign buyers from 26 countries including Bangladesh, Belarus, Chile, Columbia, Egypt, Ethiopia, Indonesia, Israel, Jordan, Kenya, Mexico, Morocco, Nepal, Oman, Pakistan, Russia, Senegal, South Africa, Sri Lanka, Syria, Tajikistan, Tanzania, Thailand, Uganda, Vietnam and Zimbabwe.
I have pleasure to inform you that the various issues raised by the member-exporters have been represented to the Ministry. For ease of doing business and trade facilitation, the Government of India has taken several measures for ease of doing business.
- The Central Board of Excise and Customs (CBEC) has launched Single Window Interface for Facilitating Trade (SWIFT) “SWIFT”, an initiative to speed up clearances for import consignments and improve ‘ease of doing business’. The benefits of this include ease of doing business, reduced costs, enhanced transparency, reduced duplicity and cost of compliance and optimal utilization of resources. It is also expected to cover and benefit majority of India’s imports.
- Dispensing with Proof of Landing (Landing Certificate) requirement for MEIS and MEIS benefits extended to all categories of countries.
- Amendments in forms/appendices related to EPCG Authorization (Revised ANF 5A, ANF5B, ANF 5C and Appendix 5C)
- Removal of restrictions of 25% growth or incremental growth of Rs.10 crores in value, under the Incremental Exports Incentivization Scheme.
As an export promotional, the Council had participated in the CHINA INTERDYE 2016 show at Shanghai, China from 13-15th April, 2016 and had organised CHEMEXCIL’S India Pavilion in the show. China Interdye is a world famous exhibition for Textile Chemicals and Dyestuff Industry. The Council had booked 1497sq.mtr. space and total 110 Indian exporters had exhibited in Chemexcil India’s Pavilion.The show which had more than 650 exhibitors from 14 countries was visited by around 16845 Persons which is an increase/ growth of 9.52% in terms of visitors as compared to the last year’s show. CHEMEXCIL’s India Pavilion was inaugurated by H.E. Shri. Prakash Gupta, Hon’ble Consul General, Consulate General of India in Shanghai. It was a grand success and well attended by the local prospective customers as well as overseas agents who were keen on co-operation with reliable suppliers/ exporters from India. In view of the overwhelming response received from the member-exporters, we are planning to organize the India Pavilion in a bigger scale in the next China Interdye 2017 exhibition by booking larger space of around 1600 to 1750 sqm which will enable more Indian exporters to showcase their products.
The Council is also organizing India Pavilion in CHEMSPEC EUROPE 2016 (The Fine & Specialty Chemicals Connection) scheduled to be held on 1- 2nd June, 2016 at Basel Messe, Basel, Switzerland, wherein 54 member-exporters will be exhibiting their products. Chemspec Europe is a world famous exhibition for Specialty Chemicals. Europe is the leading market for Indian Specialty chemicals followed by USA, China and Japan. CHEMEXCIL is consistently participating in this event and organizes India Pavilion.
The Council is also participating in 8th International Agrochemical Exhibition & Southeast Asia Crop Protection Forum, AgroChemex Myanmar to be held on 8th& 9th June, 2016 at Myanmar Convention Centre (MCC), Yangon, Myanmar.
CHEMEXCIL is also organising “Indian Chemicals & Cosmetics Exhibition" at Tanzania on 28th and 29th July wherein 45-50 exhibitors would be exhibiting from India.
I request all our fellow member exporters to actively participate in these events for boosting exports.
I have pleasure to inform you that from this month onwards, we have started e-bulletin for the benefit of member-exporters, specially to know regular updates about the activities of Council. This is the first e-bulletin issued by Council and it will be issued on or before 5th of every month.
Dr. B.R. Gaikwad
Chairman,
CHEMEXCIL
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Chemical industry likely to reach $224 billion in FY17: Ministry of Commerce and Industry
Indian chemical industry stands out to be the third largest producer and 12th in the world in terms of volume.
Country's chemical industry has tremendous scope to increase share in global trade and is expected to reach $224 billion in next financial year from $144 billion at present, a senior government official said on Thursday.
"India is an important player in the global trade of chemicals, plastics and allied products. There is tremendous scope to increase our share in the global trade. The value of global chemical industry is estimated at $3.26 trillion, while the output of Indian chemical industry is $144 billion," Joint Secretary, Ministry of Commerce and Industry, B S Bhalla said on the sidelines of an exhibition on chemicals here.
"The global chemical industry is expected to reach $4.5 trillion, while Indian chemical industry is estimated to reach $224 billion in fiscal year 2017," Bhalla said.
The initiative to organise 'CAPINDIA 2016' exhibition are aimed to showcase the capabilities of potential sectors and serve as a strong networking platform between players round the globe, he said. Finding new markets for exports is a part of government's vision of achieving exports of $900 billion by 2020 and raise India's share in global exports from 2% to 3.5%, he added.
At present, India's global contribution is at a nascent stage, Bhalla said adding over the last few decades, the chemical industry has seen an increasing shift towards Asia, where Indian chemical industry stands out to be the third largest producer and 12th in the world in terms of volume.
India accounts for approximately 16% of the world production of dyestuff and dye intermediates, particularly for reactive acid and direct dyes, he said. Four export promotion councils, CHEMEXCIL, PLEXCONCIL, CAPEXIL and SHEFEXIL will jointly organise, CAPINDIA-2016 chemicals and plastics exhibition in Mumbai from March 20-22. Over 250 exhibitors and 125 foreign buyers are expected to participate in the CAP India.
Refered :http://www.dnaindia.com/money/report-chemical-industry-likely-to-reach-224-billion-in-fy17-ministry-of-commerce-and-industry-2190567 dated Thu, 17 Mar 2016-07:15pm , New Delhi , PTI
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Don’t blame global crisis for exports slide
India’s distorted factor markets, poor infrastructure and an overvalued currency have played a major role in this decline
March 31, 2016:
Last year on this day, the government of India had released the new Foreign Trade Policy (FTP), 2015-20. It was, by no means, a Fools Day prank. It laid a foolproof plan to enhance India’s trade ecosystem and competitiveness.
The FTP was released amidst falling exports and imports, and with the objective of arresting, and ultimately reversing this trend. In 2013-14, India’s total export was worth $314 billion and it declined to $310 billion in 2014-15.
Similarly, in 2013-14, India’s total import was $450 billion and in 2014-15 it came down to $ 448 billion. In 2013-14, India’s trade deficit was 7.1 per cent of its gross domestic product. As a result of decline in both export and import, in 2014-15, it was reduced to 6.7 per cent of its GDP.
Unfortunately, the declining trend has continued in 2015-16 as well, and at a higher pace. In first nine months of 2015-16, India’s exports have fallen to $196.60 billion and its import was $295.81 billion. Some might argue that this is on account of decline in global trade, and claim that everything is just fine. Nothing could be farther from the truth.
According to the latest data released by the International Monetary Fund, the total volume of global trade has fallen by 0.5 per cent in the second half of 2015 and a similar trend is expected to prevail in 2016. For the last few years, the growth in global trade is less than that in global gross domestic product. Are we seeing the demise of trade-led growth?
Most importantly, the proportionate decline in India’s trade is much more than the global decline. Export of goods such as petroleum products, pearls, precious and semi-precious stones, drug formulation, gems and jewelry, readymade garments, rice, iron and steel has come down both in value and volume terms. Similarly, there is a fall in the value of import of petroleum due to a fall in global prices of that commodity.
Input market reforms
This is not to suggest that policymakers are oblivious to India’s declining trade performance. Both, Prime Minister Modi and trade minister Nirmala Sitharaman visited Brussels to participate in the 13th EU-India summit. Finance Minister Jaitley is currently in Australia for bilateral talks, which include a bilateral trade treaty. These visits are a serious indicator of India’s keenness to enhance its trade and investment profile.
However, such outward focused efforts are not enough. The FTP set out a multi-pronged approach to boost country’s trade ecosystem, which was not limited to outward measures, but laid equal emphasis on domestic reforms.
It is time that the government deals with structural issues, such as lack of reforms in input markets like those in land, labour, capital, logistics, which are hindering our producers to produce goods at competitive rates.
The FTP emphasised the need to build adequate export infrastructure. It recommended building of primary infrastructure in terms of better multi modal transportation for improved road connectivity to ports, rail heads, airports and inland waterways, faster throughput at ports and shorter dwell time, faster movement of rakes by railways and quicker air cargo movement with all the concomitant trade facilitation measures in place.
In addition, it recommends the creation of a supportive infrastructure for exports, including more laboratories for testing, more tool rooms and plant quarantine facilities, larger trade facilitation centres and land customs stations and enhanced cold storage facilities for pharmaceutical and perishable goods.
The FTP acknowledges that the movement of goods within the country, from one territory to another, is constrained by the laws, practices, regulations and taxation regimes of various states. It appeals for concerted action from relevant departments at the central and State government levels.
It laments the lack of inter-agency coordination and stakeholder participation in the administration of trade procedures and, as per our commitments under the WTO Trade Facilitation Agreement, recommends the creation of the National Committee for Trade Facilitation for this role.
Exchange rate management
One of the key stakeholders in the export ecosystem is the Reserve Bank of India (RBI). It appears that India’s exports are facing difficulties because of a relatively over-valued rupee as reflected in India’s real effective exchange rate. Our exports are becoming relatively dearer, while imports are getting relatively cheaper. The RBI should let rupee finds its bottom, and true value.
In a recent talk, RBI Governor RaghuramRajan quipped, “While the RBI would not claim to know precisely what the equilibrium level of the exchange rate is at any given point in time, we intervene to moderate adjustment whenever we believe the movement is extreme, driven by sentiment, and likely to be reversed. Our intent is to prevent overshooting and undue volatility, rather than to stand in the way of the needed adjustment.”
While it seems to be driven by sound rationale, RBI needs to use its discretion, and think about adjusting the value of our currency with that of our competitors. This would inspire confidence amongst other stakeholders and facilitate aligning their strategy with that of the RBI.
Capacity building of the relevant stakeholders and institutions is of utmost importance in this regard, in order to fully realize the potential of various trade agreements and foreign trade policy measures.
Given the fall in world commodity prices, if we do not consider our exchange rate adjustment now, we will miss an opportunity to boost our exports. This is particularly true when our exports are supply-driven and not necessarily dependent on their demand in other countries.
Thus, there is a need to look within, focus on difficult input market reforms and introduce a more trade-focused, pragmatic approach in exchange rate management to ensure long-term gains for country’s trade competitiveness. Ignoring the warning signals on trade fronts and dismissing these suggestions would be akin to living in a fool’s paradise!
Refer :http://www.thehindubusinessline.com/opinion/columns/dont-blame-global-crisis-for-exports-slide/article8418760.eceThe writer is Secretary General of CUTS International
(This article was published on March 31, 2016)
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India, EU summit agrees on new agenda for strategic partnership
The BTIA negotiations have remained deadlocked over growing differences regarding greater market access sought by both aides for merchandise exports
India and the European Union (EU) have endorsed the 'EU-India Agenda for Action 2020' as a common road map for the strategic partnership in the next five years, the European Commission (EC) said on Thursday.
However, the EC remained muted on one of the major focus of the summit, negotiations on the Bilateral Trade and Investment Agreement (BTIA) - the official free trade pact which has been pending since 2007.
"The leaders welcomed that both sides have re-engaged in discussions on how to further the EU-India broad-based BTIA negotiations," it said, without announcing a possible completion date for the talks. Prime Minister Narendra Modi, on a day-long trip to Brussels to attend the 13th India-EU Summit, met European Commission President Donald Tusk.
The agenda will build on the joint action-plans of 2005 and 2008 and take into account cooperation in fields like climate change, trade and business, foreign policy, etc.
The BTIA negotiations have remained deadlocked over growing differences regarding greater market access sought by both aides for merchandise exports. However, India's commerce ministry officials said the EU has consistently sought lower import duties on a range of commodities. This time, the EU is seeking the lowering of tariffs on automobiles and wine products.
The new agenda pushes for a broad based approach to "resolve trade irritants in particular concerning goods, services and investments, and strengthen trade and investment relations".
On this note, issues related to facilitation of greater movement of professionals from one country to another, arising out of the Mode 4 provisions of the 1995 General Agreement on Trade in Services is another point of contention between the two sides. This also involves India's demands to be classified a data-safe country, which will help Indian information technology and outsourcing companies gain a foothold.
Other than being India's largest trading partner and its biggest export destination, the 28-member bloc has also been New Delhi's 'strategic partner' since 2004. Although two-way commerce was $98.52 billion in 2014-15, the EU's share in India's total trade has progressively shrunk in recent years.
Similarly, Indian exports to the bloc have shrunk from 21.84 per cent in 2004-05 to 16.04 per cent in 2014-15. Imports have witnessed a similar slide over the same period, going down from 17.30 per cent to 10.98 per cent.
India has also signaled the establishing of a mechanism to facilitate investments of all member states of the 28-member bloc. The agenda also spoke about the "creation of favorable circumstances for investment".
With an eye on addressing the import ban by the EU against more than 700 generic drugs clinically tested by Hyderabad-based GVK Biosciences, the agenda has also promised regular meetings of the EU-India Joint Working Group on pharmaceuticals, biotechnology and medical devices.
The European Investment Bank (EIB) signed an agreement with India to release the first tranche of €200 million of its total €450 million loan towards the construction of the Lucknow Metro's first line. The bank, which had committed to support long-term investment in infrastructure in India, also announced that its regional office for South Asia will come up in New Delhi soon.
Before the summit, EU leaders had complained of the slow progress in India regarding the trial of two Italian marines accused of killing Indian fishermen in 2012. This matter, along with that of 'fourteen Estonian and six UK Guards sentenced to prison by an Indian court', was discussed, the EU said.
The adoption of the 'Joint Declaration between the EU and India on a Clean Energy and Climate Partnership' also showed India's readiness to engage other countries as part of its climate change policy.
The leaders from both sides endorsed the establishment of the Common Agenda on Migration and Mobility (CAMM), aimed at organising regular migration and prevention of irregular migration and human trafficking.
Refer :http://www.business-standard.com/article/economy-policy/india-eu-summit-agrees-on-new-agenda-for-strategic-partnership-116040100053_1.htmlBS Reporter | New Delhi April 1, 2016 Last Updated at 00:31 IST
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Govt calls for bids to review relevance of trade regulator DGFT
Consulting firms asked to submit report on how the structure and scope of the Directorate General of Foreign Trade could be made more up to date
New Delhi: Twenty-five years after then commerce minister P. Chidambaram did away with quantitative restrictions on limits and replaced the office of the Chief Controller of Imports and Exports (CCI&E) with the Directorate General of Foreign Trade (DGFT) as part of the economic liberalization process, the National Democratic Alliance government is now set to review the relevance of the DGFT.
The government believes that most of the DGFT’s functions could be automated or delegated to the customs department. The commerce ministry has invited bids from global consulting firms for a “white paper on functions of DGFT” to study global best practices and assess how the structure and scope of DGFT could be made more relevant.
Attached to the commerce ministry, the DGFT’s role has evolved into promotion and facilitation of exports and imports from regulation of foreign trade under the erstwhile CCI&E.
“One of the ways of looking and facilitating trade is to have a look at the role of the DGFT in the new globalized world. It is therefore, proposed that Ministry of Commerce undertake a review of the functioning of DGFT, for which a study is proposed to be conducted through one of the reputed consultants who have global presence to give us a deeper insight into how the other major trading countries conduct their foreign trade, and draw suitable lessons for the way forward in India,” a request for proposals document posted on commerce ministry website said.
A ministry official, speaking on condition of anonymity, said the idea is to review the performance of the DGFT at a time when the government is moving towards electronic enablement and ease of doing business.
“Reorganizing the human resources of the ministry is also part of the review. We are also reviewing the role of our plantation and procurement wings,” the official added.
India is in the process of signing the Trade Facilitation Agreement under the World Trade Organization, which will require it to make customs rules easier for import of goods, further reducing the burden on the DGFT.
The study will also look into the adequacy of the Foreign Trade Policy (FTP) shepherded by the DGFT in its current form in meeting the policy and regulatory objectives of increasing the exports of goods and services from India and explore alternative mechanisms of transferring incentives directly through a Direct Transfer Scheme.
The commerce ministry also wants the consultant to study whether an organization like the DGFT, which facilitates formulation of the FTP, is also required to implement the export promotion schemes of the FTP or should the job be delegated to customs offices.
The study is expected to suggest ways to reform these arrangements and prepare a road map for transition. The terms of reference for the consultant includes “the issue of whether an organization like DGFT is required by India in view of the above analysis to fulfil the optimal prudent policy and regulatory goals and objectives related to trade facilitation”.
Biswajit Dhar, professor of economics at the Jawaharlal Nehru University, said such reviews should be done on a regular basis, but insisted it should have been conducted through inter-ministerial consultation rather than hiring an external agency. “DGFT still does substantial work on trade policy front. Hope they will not throw the baby with the bath water,” Dhar added.
Dhar said a model that the commerce ministry could look at is the one followed by the US government, where the US Trade Representative negotiates bilateral and multilateral trade deals, while the US International Trade Commission examines the impact of imports on US industries and directs actions against unfair trade practices.
T.N.C. Rajagopalan, independent trade analyst, said the DGFT is still relevant in the Indian context, but the work of its regional offices could be delegated to customs offices.
Refer :http://www.livemint.com/Industry/VNa35EVHqiuMckndjv3DYO/Government-calls-for-bids-to-review-relevance-of-trade-regul.html
AsitRanjan MishraFirst Published: Mon, Apr 04 2016. 12 44 AM IST
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Commerce Ministry to focus on 6 areas to revive exports
The Commerce Ministry today said it will focus on six areas, including reviving SEZs and according priority sector status to export credit, with a view to giving a boost to overseas shipments, which have been on a decline since December 2014.
The other focus areas are MSMEs, promoting organic produce; involving missions and embassies to promote trade and removing issues of EXIM Bank and Export Credit Guarantee Corporation (ECGC).
These issues, among several others, were discussed during the first meeting of reconstituted 70-member Board of Trade.
Commerce and Industry Minister Nirmala Sitharaman, who chaired the meeting, said the government is committed to providing all the support to exporters to boost outbound shipments. "We are going to hand hold sectors that need help," she said, adding that "we will be working on these areas in the next few days".
On special economic zones (SEZs), she said the ministry would work on improving the potential of these zones as they are sitting on huge land bank.
"We will meet with different line ministries. We will call up a SEZ specific focus meeting with departments, including economic affairs and CBEC, and industry experts," Sitharaman said.
She said as suggested by ICICI Bank MD Chanda Kochhar, the ministry will take up the issue of according priority sector status to export credit with the Finance Ministry as it would help in promoting exports.
She said the ministry would also discuss with the RBI and the Finance Ministry about the issues being faced by EXIM Bank regarding more financial flexibilities.
"We will hold interactions with Indian High Commissions and Embassies along with their commercial and economic wings in order to make them more vibrant and understand requirements of exporters," she told reporters after the meeting.
The minister said that the government always gives special attention to MSMEs as they contribute significantly in the exports besides the ministry will focus on promoting exports of organic produce.
During the meeting industry raised the issue of minimum alternate tax and dividend distribution tax on SEZs; problems in getting credit for MSMEs and extending line of credit to boost exports.
Industry leaders who attended the meeting include Kochhar, Biocon MD Kiran Majumdar-Shaw, Dr Reddy's MD Satish Reddy and TVS Motor Company Chairman Venu Srinivasan.
Falling for the 15th month in a row, exports dipped 5.66 per cent in February to USD 20.73 billion due to contraction in shipments of petroleum and engineering goods amid tepid global demand.
During the three-hour long meeting, exporters body FIEO.
Suggested that investment-linked tax benefits particularly to the MSMEs should be provided to boost production and exports.
FIEO President S C Ralhan also said that many of the exporters have received payment in US Dollar for exports to Iran which could not materialized as RBI is yet to issue instruction for settlement of trade transactions.
"The delay is costing exporters and in few cases the payment in foreign exchange has to be remitted back in view of absence of guideline by RBI," he said.
CII President Naushad Forbes said that India's exports are highly dependent on primary goods and labour intensive low value added manufactured goods and its share in high value added is very less.
"India needs to match its exports with the composition of global trade. We need to invest in R&D and adopt technologies to diversify," he said adding higher participation of states are required for trade facilitation, reform of standards regime and more value addition in production cycle.
He also called for diversification of services exports and reforming the standards regime in India.
Expressing concern over falling exports, Gem and Jewelry Export Promotion Council (GJEPC) Chairman Praveen Shankar Pandya in the meeting said that the country's overall gems and jewelry exports are likely to drop by 16 per cent in 2015-16 fiscal for the first time in last 40 years.
"We suggested to the government that we can offset this decrease in exports by getting business from other countries. And for which, we need an environment of easy of doing business here," he said.
Many diamond players are not keen to come to India for manufacturing due to high taxes. "They find taxes in India are not at par with Belgium or other diamond centers like Israel. All the diamondcenters have presumptive tax but it is not there in India and hence they don't come," he added.
The GJEPC chief also informed the government that India can boost gold jewelry exports by enhancing domestic skills at par with international level and inviting global players to invest in India for manufacturing of fine jewelry.
Of the world's jewelry production of USD 80 billion, India's share is only USD 11 billion and there is potential to increase this, he added.
Refer :http://www.business-standard.com/article/pti-stories/commerce-ministry-to-focus-on-6-areas-to-revive-exports-116040600773_1.html dated April 6, 2016 Press Trust of India | New Delhi
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Marking of tick in appropriate boxes mandatory in EDI shipping bills to claim MEIS benefit: DGFT
New Delhi, May 17 (KNN) Making amendment in the Foreign Trade Policy 2015-20, Director General of Foreign Trade, said that marking of ‘Y’ in the EDI generated Shipping Bills by Exporters would be treated as declaration of intent to claim MEIS benefit.
Amending Paragraph 3.14 of the Handbook of Procedures 2015-20 for Procedure for Declaration of Intent on EDI and Non EDI shipping bills for claiming rewards under MEIS including export of goods through courier or foreign post offices using e-Commerce, DGFT said, “EDI Shipping Bills: Marking/ ticking of “Y’ (for Yes) in “Reward” column of shipping bills against each item, which is mandatory, would be sufficient to declare intent to claim rewards under the scheme.
In case the exporter does not intend to claim the benefit of reward under Chapter 3 of FTP exporter shall tick “N’ (for No). Such marking/ticking shall be required even for export shipments under any of the schemes of Chapter 4 (including drawback), Chapter 5 or Chapter 6 of FTP.”
Further, it said, “In the case of non-EDI Shipping Bills, Export shipments would need the following declaration on the Shipping Bills in order to be eligible for claiming rewards under MEIS: “ We intend to claim rewards under Merchandise Exports From India Scheme (MEIS)”. Such declaration shall be required even for export shipments under any of the schemes of Chapter 4 (including drawback), Chapter 5 or Chapter 6 of FTP.”
The marking of tick in the appropriate tick boxes are mandatory in EDI shipping bills, said DGFT. (KNN Bureau)
Reference :-http://knnindia.co.in/news/newsdetails/economy/policies/marking-of-tick-in-appropriate-boxes-mandatory-in-edi-shipping-bills-to-claim-meis-benefit-dgft dated 18th May-2016
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Glimpses of CAPINDIA
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Lighting of Lamp CAPINDIA :- First left Mr. B. S. Bhalla, Joint Secretary Ministry of Commerce Govt. of India, Mr. M.V. VoraChairman Capexil MR. G L SARDA, Chairman shefexil, Mr. PradipThakkar, ChairmanPlexconcil, Dr. B. R. Gaikwad Chairman Chemexcil and Smt Rita A. Teaotia, Commerce Secretary Ministry of commerce govt. of India, “CAPINDIA 2016” Chemicals and Plastic exhibition, in Mumbai on March 20, 2016. |
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First row from left Mr. B. S. Bhalla, Joint Secretary Ministry of Commerce Govt. of India, Dr. B. R. Gaikwad Chairman Chemexcil, Smt Rita A. Teaotia, Commerce Secretary Ministry of commerce govt. of India, Mr. PradipThakkar, ChairmanPlexconcilat the ribbon cutting ceremony of the “CAPINDIA 2016” Chemicals and Plastic exhibition, in Mumbai on March 20, 2016. |
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The Commerce Secretary,Smt Rita A. Teaotia addressing at the inauguration of the “CAP - INDIA 2016” Chemicals and Plastic exhibition, in Mumbai on March 20, 2016. |
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Brief Report on - 17th China International Agrochemical & Crop Protection Exhibition held at SNIEC, Shanghai, China during 9-11th March, 2016.
The 17thChina International Agrochemical & Corp Protection (CAC2016) exhibition wasa 3 day event held from 9th March to the 11th March 2016 at the Shanghai New International Expo Centre (SNIEC) in Shanghai, China. This event was held concurrently with the 17th China International Agrochemical and Crop Protection Equipment Exhibition (CACE2016) and the 7th China International Fertilizer Show (FSHOW2016).
In order to promote exports of Agro Chemicals from India and also to assist our members to explore the market potential in China, the Council has participated in the 17thChina International Agrochemical & Corp Protection (CAC2016) held from 9th to 11th March 2016.
As the largest Agrochemicals exhibition in China, CAC offers an international trade, communication and exchange platform involving pesticides, fertilizers, seeds, beyond-agriculture, production & packaging equipment, crop protection equipment, logistics, consultancy, laboratories and supportive services.
The three shows which were spread over 62,000 square meters, attracted 1,175exhibitors from 22 countries and regions who had stalls in five exhibition Hallsnamely- N1 to N5 in Shanghai New International Expo Centre.
Therewere almost 30, 000 professionals from more than 100 countries. As comparedto CAC2015, CAC 2016 achieved an10% increase in exhibitors and 15% increase in exhibiting space.
CHEMEXCIL had organised an India Pavilion in CAC 2016 by booking approximately 532 sqm of space in Hall N3 at SNIEC.Total 39 exhibitors from India had showcased their products under the umbrella of CHEMEXCIL.
The Council also made a presentation on overseas pavilion release and briefed the local visitors about the Indian pavilion and urged them to visit the India pavilion.
Chemexcil’s India pavilion attracted good visitor interest from Local buyers and global business professionals/ dealers/ buyersetcfrom countries such as Argentina, Bangladesh,Brazil, Egypt, Iraq, Jordan, Korea, Mexico, Pakistan,Turkey, Yemen,Vietnam etc. Indian exhibitors were happy to interact and network with them.
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Mr. Deepak Gupta- Dy Director Chemexcil making presentation at the Overseas Pavilion Release function |
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View of India Pavilionin CAC 2016 |
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PHOTO GALLERY:-
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From left Dr. B.R. Gaikwad, Chairman Chemexcil, and Mr. S.G. Bharadi Executive Director, Chemexcil receives award from Mr. Adi Godrej (Center) Chairman Godrej Industries Limited, for outstanding contribution in promoting Exim trade for the year 2016 at AILBIEA (All India Liquid Bulk Importers and Exporters Association) anniversary celebration dated 1st April-2016 at the Regal Room, Hotel Trident, Nariman Point. |
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FTAs SEMINAR ON 4TH MAY, 2016 AT NOVOTEL, AHMEDABAD
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Shri. A.K Singh, Jt. DGFT, Ahmedabad RA being welcomed by ShriBhupendra Patel, Regional Chairman, Chemexcil |
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ShriSudhakarKasture, Consultant and Key Speaker being welcomed by Shri Shankar Bhai Patel |
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ShriSudhakarKasture, Consultant making his presentation on FTA's |
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ShriSudhakarKasture, Consultant interacting with participants |
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Chemspec India Bulletin
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Dr. B.R. Gaikwad Chairman Chemexcil 3rd from left and Mr. S.G. Bharadi Executive Director Chemexcil (5th from left) lightning the lamp for inauguration of Chemspec’s The Fine &Speciality Chemicals show dated 7th April, 2016 atHall 1, BOMBAY EXHIBITION CENTRE, NSE, GOREGAON, MUMBAI. |
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Dr. B.R. Gaikwad Chairman Chemexcil 4thfrom left and Mr. S.G. Bharadi Executive Director Chemexcil (5th from left) cutting the ribbon for inauguration of Chemspec’sThe Fine &Speciality Chemicals show dated 7th-8th April, 2016 at Hall 1, BOMBAY EXHIBITION CENTRE, NSE, GOREGAON, MUMBAI. |
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From left Mr. Prasad Tendulkar from Macks Brooks Exhibition, Mr. David Tellep, Managing Director Mack Brooks, , Dr. B.R. Gaikwad Chairman Chemexcil, Mr. Vijay Raghavan from Chemical Weekly, Mr. Deepak Bhimani, CMD, Navdeep Chemicals Pvt Ltd, Mr. S.G. Bharadi, Executive Director, Chemexcil Mr. John Lane, Sales Director Mack Brooks at Chemexcil booth of Chemspec’s The Fine &Speciality Chemicals show dated 7th-8th April, 2016 at Hall 1, BOMBAY EXHIBITION CENTRE, NSE, GOREGAON, MUMBAI. |
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Brief Report on China Interdye 2016 Exhibition
The 16thChina Interdye Exhibition 2016 was a premier show for Dyes and Dye Intermediates, Pigments and Textile Chemical industry which was held at Shanghai World Expo Exhibition & Convention Centre (SWEECC), Shanghai, CHINA from 13th -15thApril 2016.
It is an annual exhibitionorganized jointly by the China Dyestuff Industry Association, China Dyeing and Printing Association and China Council for the Promotion of International Trade, Shanghai Sub-Council. The co-organiser of this exhibition was Shanghai International Exhibition Service Co., Ltd.It was held concurrently with 2016 China International Digital Textile Printing and Dyeing Automatics Exhibition to create a one-step sourcing platform for textile printing and dyeing Industry.
The profile of exhibits includedDyestuffs, Whitening agents, Intermediates, Auxiliaries, Pigments, Textile Chemicals and Instruments &equipments.The exhibition occupied an area of 40,000-square meter and was held in two Halls namely Hall 1 & 2 of SWEECCwith a year-on-year growth of 8.1%.
CHEMEXCIL had organised an India Pavilion whichwas spread over an area of 1497sq m in the two Halls 1 & 2 with 110 companies participating in it. CHEMEXCIL’s India pavilion was inaugurated by His Excellency Mr.Prakash Gupta, Consul GeneralofIndia to Shanghai who also visited the India Pavilion and interacted with the exhibitors.
The show wasattended by 620 domestic and overseas exhibitors from 17 different Countries and regions and there were more than 6,400 exhibitors representatives.The exhibitors profile can be categorised as 28.4% Dyestuffs, 24.9% Auxiliaries, 15.5% Intermediates, 14.6% of textile chemicals, 8.8% of dyestuff pigments and 7.8% of organic pigments. The show was visited by 15,984 visitors (48,888 arrival times) from 48 Countries and regions. The exhibition provided an excellent opportunity to the Indian manufacturers/ exporters to showcase their products and interact with the prospective buyersof the dyes and dyestuff industry on a common platform for expansion of their business in International marketplace.
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Inauguration of the India Pavillion at China Interdye 2016 Exhibition with the hands of H.E. Shri Prakash Gupta, Hon'ble Consul General of India, Shanghai alongwith Dr B R Gaikwad, Chairman, CHEMEXCIL and Shri S G Bharadi, Executive Director, CHEMEXCIL |
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H.E. Mr Prakash Gupta, Hon’ble Consul General of India, Shanghai visiting to Indian Pavilion with Chairman, Chairman-ME Panel& Executive Director, CHEMEXCIL during China Interdye 2016 |
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KOREA CHEM Photo
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Mr. S.G. Bharadi Executive Director Chemexcil, 6- from left inaugurating KOREA CHEM (Chemical Process Plant & Equipment Show) from April 26-29, 2016 at KINTEX, Goyang-si, Gyeonggi-do, South Korea |
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Mr. S.G. Bharadi Executive Director Chemexcil, at Chemexcil stall with Korean delegate atKOREA CHEM (Chemical Process Plant & Equipment Show) from April 26-29, 2016 at KINTEX, Goyang-si, Gyeonggi-do, South Korea |
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Seminar on FTAs (Free Trade Agreements) - Outreach programme on 20th March 2016 (5.30 pm) at Hall II, Bombay Exhibition Centre, Goregaon, Mumbai.
ASEAN Free Trade Agreement which took effect from 2003 with ten member states, has helped the region in improving competitive advantages and creating new business opportunities. Apart from this agreement the ASEAN countries have also signed bilateral agreements among themselves. ASEAN member states are also partners to the on-going negotiations to establish RCEP, while some of the members are also engaged with US led TPP. In this context, it is necessary for the trade to understand what extend the FTA initiatives can be used for the benefit of increasing our trade with the region/utilising the duty benefits to become more competitive.
To create awareness on the benefits of Free Trade Agreements (FTAs) & on how to utilize it for increasing our exports, DGFT RA, Mumbai conducted FTA outreach programme on behalf of DGFT New Delhi along-with FIEO and the concerned EPCs ( CHEMEXCIL, PLEXCONCIL, etc.) on 20th March 2016 (5.30 pm) at Hall II, Bombay Exhibition Centre, Goregaon, Mumbai .
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Shri B.S Bhalla, IAS, Joint Secretary (EP-CAP)- MOC&I, Shri M. Thakur- Joint DGFT, O/o Addl. DGFT Mumbai, ShriPradipThakkar- Chairman Plexconcil, ShriSudhakarKasture-Consultant, ShriNiharLakhia-Jt. Director- FIEO after felicitations |
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Shri B.S Bhalla, IAS, Joint Secretary (EP-CAP), MOC&I addressing the gathering |
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ShriSudhakarKasture, Guest Speaker on FTA's making presentation |
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Shri M. Thakur- Joint DGFT, O/o Addl. DGFT Mumbai giving concluding remarks |
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Dignitaries interacting with the participants |
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IRAN BEAUTY AND CLEAN EXHIBITION 2016 HELD DURING
24TH -27TH APRIL, 2016 AT TEHRAN,
IRAN
CHEMEXCIL has participated in “Iran Beauty and Clean Exhibition” held from 24th -27th April, 2016 at Tehran, Iran. The purpose of this exhibition was to create a positive brand image of Indian products in Iran.
The exhibition was organized at Tehran Permanent Fair Ground, Tehran and CHEMEXCIL took part in this event along with 12 member exhibitors. There were prominent visitors from around Gulf region / Middle East countries.
Dr. J P Tiwari, Regional Director was deputed to lead the exhibition delegation.
The emphasis of IRAN BEAUTY & CLEAN was lied on the following main / business sectors: Detergents and cleanser products, skin and hair care products, perfumes, eau de cologne and spray, hair colours, cellulose and hygienic products, fresheners, insecticides, home hygienic products, bags, shoes and leather care products (polish), raw materials, tools and accessories for hair salons, trade and consulting services, machinery and related industries.
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