Page 3 - Chemexcil NEWS August - September 2017 for web

IN THIS ISSUE Chairman’s Desk

1 Chairman Desk

2 India is more important for Latin American
exports than Germany, UK, France, Spain
and Italy

3 5 Important steps for shipping
dangerous goods by sea

4 Export strategy- Bangladesh Dear Member-exporters,

5 Chemexcil Activities I have pleasure to bring to you bimonthly issue of the
CHEMEXCIL Bulletin for the month of AUG-SEPT-2017,
6 News Article which contains the important activities undertaken by the
Council and other useful information/Notifications, etc.
7 Chemexcil Notices I met our Hon. Shri. Suresh Prabhu, Minister of Commerce
and industry on 27th September-2017 at his office and
Editorial discussed below issues

Mr. Satish W. Wagh 1. GST Related Issues
• Liquidity Problems faced by exporters/ processing
Chairman of exporter’s refunds under GST.
• Status of Export Incentives under GST Framework.
Mr. Ajay Kadakia • Request for enhanced incentives support to
OvercomeTrade Barriers in Overseas Markets
Vice Chairman • Reduction of the GST Rate for Surfactants from
28% to 18%
Mr. S. G. Bharadi
2. Higher All Industries Duty Drawback Rate for 2017-18.
Executive Director 3. Review Of ASEAN FTA / Better Market Access In Key

Mr. Prafulla Walhe Markets
4. Expansion Of Interest Equalization Scheme by
Dy. Director
inclusion Of Merchant Exporters and addition of More
Mr. Deepak Gupta tariff Lines:
5. Inclusion of Chapter 28 and 29 items under EU GSP:
Dy. Director 6. Environment Related Controls:
Disclaimer:- News, Views, Article, Strategy in this 7. Promotion of value added Products of Castor Oil:
publication are not necessarily those of council. 8. Allow Import ofTechnical Pesticides:
These are provided only for information as a service 9. RBI Caution Listing:
& reference to members. The Publisher and editors 10. ICEGATE Working/ DGFT Server/ GST PORTAL glitches
are in no way responsible for these views.
We have completed nearly three months post the GST era.
This period of transition has been quite challenging for the
exporters due to initial lack of clarity on export procedures
under GST, liquidity issues on account of blockage of
funds/ delay in GST refunds, compliance burden of GST
Returns, Technical glitches on GST Portal and also concerns
regarding status of export incentives under Foreign Trade
Policy 2015-20.

The council has regularly taken up these issues with the

1 August-September-2017 1