Page 4 - Chemexcil NEWS August - September 2017 for web

concerned authorities for redressal. The trade/ industry awaits government support particularly in faster processing
of GST refunds which will provide relief to the exporters.

The issues regarding LUT/ Bond/BG have been resolved to some extent and organized industry and the exporting
community seem to have now got a good measure of the various issues of the GST provisions with respect to export.
I must add that in many cases, the government has timely provided guidance notes, both general and sectoral, as
well as clarificatory notifications and circulars which is highly appreciated. In particular, member exporters had
requested us to take up various issues of GST and urge the government to do away with need of Bank Guarantee
in case of exports being undertaken through the Bond route. Chemexcil, had taken up the matter at the different
levels of the government. The CBEC responded positively through Circular No 5/52017-GST dated 11 August, 2017,
which has now allowed the waiver of Bank Guarantee in case the exporter submits a self-attested copy of the proof
of registration with a respective Export Promotion Council. Similarly, the GST Council has also decided to reduce
GST rate on MEIS scrip sale from 12 % to 5% which is highly appreciated.

I also thank the Government of Gujarat for issuing order for remission in VAT Rate on Natural Gas by 9% which
will effectively reduce applicable VAT rate on Natural Gas in Gujarat from 15% to 6%. This will provide relief to the
consumers for natural gas in Gujarat. From council, we have also represented to the Revenue Dept for inclusion in
GST which will allow users to take ITC.
Friends, now we are keenly awaiting the announcement of the MidTerm ForeignTrade Policy 2015-20 and hope the
same addresses the concerns of the exporter’s which will boost exports.
I congratulate our Hon. Shri. Suresh Prabhu, Minister of Commerce and industry on his appointment to this position.
I also congratulate newly appointed Shri. Shyamal Misra, IAS, Joint Secretary, EP (CAP) Ministry of Commerce and
Industry.
Besides this, CHEMEXCIL organized Seminar on “Export / Import under GST Regime”
On 3rd August, 2017, at Hotel the Royal Plaza, New Delhi in association with PLEXCONCIL. Shri Zubair Riaz Kamili,
Director (Customs), Central Board of Excise & Customs, Ministry of Finance & Shri Ajay Srivastava, Jt. DGFT, O/o
Directorate General of Foreign Trade, Ministry of Commerce & Industry, Govt. of India, delivered the key note
address & interacted with the participants.
Council also organized awareness seminars on GST in association with Service Tax Commissioner, Ahmedabad on
09.06.2017 at hotel Ramada, Ahmedabad. Shri Aseem Kumar Vaibhav, IRS, Deputy Commissioner, ServiceTax, was
a Key speaker of this Seminar. The officer covered important topics such as -Introduction to GST, Overview of GST,
Registration, Returns, Refunds, GSTN etc.
CHEMEXCIL Participated along with her members in ABG Trade Summit, 2017 (An Agrochemical Event) held at
Bally’s Las Vegas, 3645 S Las Vegas Blvd, Las Vegas, NV 89109, Nevada, United States from 8th to 10th August-2017.
Total 27 member-exporters from chemexcil exhibited in the above exhibition under the umbrella of CHEMEXCIL.
The exhibition was grand success.
With respect to Chemical export, overseas shipment grew by 23.67 percent during July 2017 to $1211 million from
$979.16 million in July 2016. The cumulative Chemical exports during April-July2017 recorded a higher 19.43 percent
growth over the same period last year to $4611.97 million from $3861.43 million during April-July 2016.
Chemexcil will be participating in the 7th Asia Interdye Exhibition 2017 (The7th Asia International Dye Industry,
Pigments andTextile Chemicals Exhibition) to be held from 1st - 3rd Nov, 2017 atTheTrans Luxury Hotel - Convention
Center, Bandung, Indonesia. This is one segment that Chemexcil is consistently supporting. I request my dyes and
Dye intermediates exporters to take part in this exhibition and explore the possibilities of exports.
I do hope that the members would appreciate this edition of the bulletin and will continue to write to us with their
comments and suggestions.

Satish Wagh
Chairman,
CHEMEXCIL

M/s. Swastik Industries,
207/208, Udyog Bhavan,Sonawala Road,
Goregaon (East), Mumbai 400063, INDIA.
Tel : +91 22 40332727 / 40332718,
Fax : +91 22 26860011
E-mail satish@supriyalifescience.com;
chairman@chemexcil.gov.in

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