engineering export bulletin engineering the future

    ENGINEERING EXPORT INFO-BULLETIN | VOL. 22 | ISSUE NO. 32 | NOVEMBER 30, 2020

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    Contents

    From Chairman’s Pen

    OVERSEAS SECTION

    Global Business Opportunities

    DOMESTIC SECTION

    For information about
    EEPC INDIA visit :
    www.eepcindia.org

    Highlights

    Govt. Notifications/ Circulars

    • Notification No. 109/2020-Customs (N.T.) - Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.
    • Notification No. 41/2020-Customs (ADD) - Seeks to further amend notification No. 49/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of “Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles” originating in or exported from China PR, for a period upto and inclusive of the January 31, 2021.
    chairman

    My dear fellow exporters, 

    The GDP growth figure of the Indian economy is still in negative for the second consecutive quarter to July-September 2020-21 that can be officially termed as ‘Recession’, but the contraction in growth at 7.5 percent is much lower than the 23.9 percent recorded in the first quarter of the current fiscal indicating sharp recovery of the economy. One good sign of recovery was the return of manufacturing to the growth path at 0.6 percent during the second quarter from a contraction of 39.3 percent in the previous quarter. As lockdowns have been withdrawn almost everywhere and economic activities are returning to normalcy, end of recession is just a matter of time. Agriculture continues to play the role of a rescuer.

    There is no doubt that the government has been moving on the right path to ensure economic recovery to the pre-covid level at the earliest possible. Stress on infrastructure sector with a number of big ticket infrastructure projects, well thought out measures to support to rural economy and help in revival of MSMEs among others through its unique ‘Atmanirbhar Bharat Abhiyaan’ is expected to start yielding fruits very soon to bring the economy back on a sustained growth path. 

    Mahesh Desai  

    Amidst India’s faltering merchandise export growth and prolonged contraction in export credit growth, exporters have at least seen some silver lining as both the domestic government and the monetary regulatory authority RBI have been in consultation to ease priority sector lending norms for exports in order to ensure higher flow of credit towards export sector, according to news source. The Commerce and Industry minister has very recently held a meeting with senior public-sector bankers to push for easier and higher flow of credit disbursalfor exporters at cheaper rates. The government is expected to announce a slew of measures to boost export growth very soon while the RBI is also likely to change credit norms in favour of the exporters.

     

    The measures to reinvigorate export credit has been the demand of the exporters as many MSME exporters have already been forced to go out of business due to excessive financial crunch and many are facing the same threat. To ensure availability of hassle-free credit to small exporters is a priority for the commerce minister.According to the latest RBI data, export credit of scheduled banks shrank as much as 36.1% year-on-year as of June 21, even on a low base of 42.7% contraction a year earlier.

     

    The interest subvention provided to the exporters to the extent of three to five percent on bank credit has to make way for suitable alternative as WTO has raised objection to this kind of schemes on the ground of non-compliance. An alternative mechanism to facilitate export credit is desperately required. EEPC India has already suggested refund of embedded taxes for the exporters.

     

    EEPC India, as a premiere trade and investment promotion body under the Ministry of Commerce and Industry, wholeheartedly thank the government for its initiative to revive exports from India.

    Overseas Information

    OVERSEAS MARKET INFORMATION

    Australia
    (Source : Consulate General of India, Sydney)

    During Jan-Sept 2020 the total bilateral trade in merchandise goods between the two countries was US$ 7.8 billion approx. as compared to US$ 9.8 billion approx. during the same period of last year. This is a decrease of approx. 20.4 percent.

    India’s merchandise goods export to Australia (Australian imports from India) was US$ 2.7 billion   which is an increase of 13.6 percent as compared to the same period during 2019.    

    India’s merchandise goods import from Australia during Jan-Sept 2020 stood at approx. US$ 5.1 billion with a decrease of approx. 31.5 percent as compared to the same period of previous year.

    Indian merchandise exports to Australia was led by Refined Petroleum, followed by the usual items – Medicaments, Pearls and Precious Stones, Made-up textile articles and Jewellery comprising the top five.

    The total bilateral trade has decreased by approx.  US$ 2 billion during Jan-Sept 2020.

    The other highlights of bilateral merchandise goods trade have been the significant increase in export of ‘Refined Petroleum’ (259%) and was the largest Indian exports to Australia, followed by significant increase in export of  Rice (48%) from India to Australia.

    Major increase in India’s import from Australia consisted of Silver, platinum, and other metals (633%) Fresh & Frozen vegetables (140%) & Lead (113%) during Jan-Sept 2020 from Australia.

    In FY 2018-19 (July-June), the total bilateral trade in services between India and Australia was US$ 6.4 billion approx. (A$ 9.2 billion).

    During FY 2018-19 the total services export from India to Australia was around US$ 1.8 bn. The top three services export from India are 1. Personal travel (excl education-related) 2. Other Business Services 3. Telecom. computer & information services.

    During FY 2018-19 the total services import from Australia to India was around US$ 4.6 bn. Australia’s top three services export to India were 1) Education related travel 2) Personal travel (excl. education) and 3) business related travel.

    During the reporting period, the top 10 commodities of export from India to Australia included Refined Petroleum Oils, Medicaments, Pearls & Precious Stones, Made up Articles of textile materials,  Jewellery, Rice, Manufactures of base metals, Articles of Apparel of Textile fabrics, Floor Coverings, and Organo-inorganic compounds.

    Export of ‘Coal’ from Australia to India was the main contributor for the volume of bilateral trade between the countries during the reporting period, with a value of USD 3.7 billion, amounting to 73.2% of Australia’s total exports to India and 47.8% of total bilateral merchandise trade.

    Confidential Items (SITC: 988) was the 2nd largest Australian export to India with a value of USD 500 million which is understood to include ‘Natural Gas’ as the major contributor with defence items and strategic minerals as other items of the item group.

    Chile
    (Source : Embassy of India, Santiago)

    Potential products of imports from India

    Commodity – 85372090

    Rationale - Chile is importing small quantities of “Other apparatus for electric control or distribution of electricity, including boards, panels (with digital controller included)” from India. From Jan to Sep 2020, Chile has imported a quantity worth US$ 1.34 million from India (2.40% share). India is the top 6 supplying country after Germany, France, China, Brazil and Italy. Business opportunities are worth exploring.

    Alerts on customs tariff changes –

    Chile levies a 6% custom duty on most items being imported from India. However, Chile offers a margin of preference ranging from 60-100% on some items under the Expanded Preferential Trade Agreement between India and Chile.

    Significant trends in trade and investment

    Trade in Goods - Bilateral trade shows a -2.92% fall in September as compared to August, 2020. Exports to India dropped by 85.52% from US$ 174.33 million in August to US$ 25.25 million in September, 2020. Imports from India grew by 23.89% from US$ 51.36 million in August to US$ 63.63 million in September, 2020.

    Analysis - Imports from India are showing signs of recovery, climbing from US$ 32.03 million in June to US$ 63.63 million in September. However, export of copper to India has again declined, hence the fall in bilateral trade.

    Investment - As per RBI, during September 2020, an amount of US$0.32 mn outward FDI from India was made for activities such as manufacturing, wholesale retail, trade and restaurant.

    Analysis - In order to boost Chilean economy, the Pinera government has unveiled an investment initiative in infrastructure, transport, ports, mining.

    In a webinar organized by Universidad Católica, Chile’s the then foreign minister has talked about the priorities Teatinos 180 should focus on. He highlighted that global power relations were shifting and Chile must find a place in this emerging order and said that given that the global power center would shift toward the Indo-Pacific region, Chile would increasingly focus on India and Indonesia. And Brazil would remain a key partner in the region. Allamand called the countries “the three giants.”

    The then Foreign Minister Allamand during a meeting with union representatives of different economic sectors, for boosting exports, highlighted the need to continue strengthening Chile’s position in Asia especially in India, and, within the region, in Brazil. "I have spoken metaphorically of the three giants; India, Brazil and Indonesia, and I am certain that in the coming years India will be what China was in the last 25 years. India is going to be absolutely our priority," added the Foreign Minister.

    During another meeting with the presidents of the Confederation of Production and Commerce (CPC), Juan Sutil, and of Sofofa, Bernardo Larraín, to determine how foreign policy can serve to the economic reactivation of Chile, the then Foreign Minister assured that the Foreign Ministry, in conjunction with trade union organizations, is working to open space for Chile in markets of great projection, such as Indonesia and India, and also in the deepening of various free trade agreements, such as the existing one between Chile and Brazil. 

    During a webinar ‘Namaste Pacific Alliance’ organised by FICCI in collaboration with Santiago Chamber of Commerce and Industry and the Embassy, CEO of ProChile Jorge O’Ryan commented that “Chile is well positioned to increase its share of exports to India, targeting in particular the growing middle class who demand a diversified portfolio of goods. While we have logistical difficulties to deal with, we believe that the growth potential in dried fruits, fresh fruits, seafood and processed foods is impressive, considering that as of 2019 we export close to 50 million dollars in food and beverages, while India imports more than 8.3 billion dollars in food and beverages,”.

    Senegal
    (Source : Embassy of India, Dakar)

    As per press release, ONGC, the Indian state hydrocarbon company, has agreed to buy the property, which includes FAR’s entire interest in the Production Sharing Contract for the Rufisque, Sangomar, and Sangomar Deep Offshore Blocks offshore Senegal and the relevant Joint Operating Agreement (the RSSD Project). The Sangomar exploitation project, located in these blocks, is the largest offshore crude oil development currently under construction in Africa. Phase 1 development of the project, which will develop some 250Million barrels of oil, remains on track for targeted delivery of first oil in 2023. Production from this phase is expected to be around 100,000 barrels of oil per day (BOPD).

    Switzerland
    (Source : Embassy of India, Berne)

    Potential products of imports from India

    Commodity - Telephones for cellular networks "mobile telephones" or for other wireless networks [HS Code 8517.12]

    India’s Export to World in Sept. 2020 – USD 219.87 Million

    India’s Export to Switzerland in Sept. 2020 – USD 0 Million

    Switzerland’s Import from World in Sept. 2020 – USD 102 Million

    Rationale - Comparison between India’s exports to the world (September 2020), India’s export to Switzerland (September 2020) and Switzerland’s imports from the world (September 2020) at 6 digit HS Code.

    Commodity - Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars, with spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1.500 cm3 but <= 3.000 cm3 (excl. bus of heading 8702 and special motor vehicles of heading 8703.10) [HS Code 8703.23].

    India’s Export to World in Sept. 2020 – USD 161.92 Million

    India’s Export to Switzerland in Sept. 2020 – USD 0 Million

    Switzerland’s Import from World in Sept. 2020 – USD 210 Million

    Rationale - Comparison between India’s exports to the world (September 2020), India’s export to Switzerland (September 2020) and Switzerland’s imports from the world (September 2020) at 6 digit HS Code.

    Significant trends in trade and investment

    Trade in Goods - In Sept. 2020, total export products to Switzerland (USD 166 million) from India registered an increase of 7.79%, as compared to Aug. 2020 (USD 154 million).

    India’s increase in exports in Sept. 2020 was particularly seen in the field of Rubies, sapphires and emeralds, worked, whether or not graded, but not strung, mounted or set, rubies, sapphires and emeralds, worked, ungraded, temporarily strung for convenience of transport (excl. rubies, sapphires and emeralds, simply sawn or roughly shaped, imitation precious stones and semi-precious stones) [HS Code 7103.91]; Heterocyclic compounds with nitrogen hetero-atom[s] only, containing an unfused pyrazole ring, whether or not hydrogenated, in the structure (excl. phenazone "antipyrin" and its derivatives) [HS Code 2933.19]; Heterocyclic compounds with nitrogen hetero-atom[s] only, n.e.s. [HS Code 2933.99]; and Organic derivatives of hydrazine or of hydroxylamine [HS Code 2928.00].

    In Sept. 2020, the total import products from Switzerland to India registered a huge decrease of -71.18%, as compared to Aug. 2020 (USD 1499 million).

    India’s registered increase in imports was particularly seen in the field of Dryers (excl. dryers for agricultural products, paper pulp, paper or paperboard, yarns, fabrics and other textile products, dryers for bottles or other containers, hairdryers, hand dryers and domestic appliances) [HS Code 8419.39]; Parts of gas turbines, n.e.s. [HS Code 8411.99]; Ozone therapy, oxygen therapy, aerosol therapy, artificial respiration or other therapeutic respiration apparatus [HS Code 9019.20]; and Parts of : air or vacuum pumps, air or other gas compressors, fans and ventilating or recycling hoods incorporating a fan, n.e.s. [HS Code 8414.90].

    Analysis - Due to the ongoing COVID-19 pandemic, both Export and Imports between India and Switzerland was affected with India’s trade with Switzerland for Sept. 2020, accounted for 1.11% of Switzerland’s total trade.

    In Sept. 2020, the total import products from Switzerland to India (USD 432 million) registered a huge decrease of -71.18%, as compared to Aug. 2020 (USD 1499 million).

    Trade in Services - quarterly basis. In comparison to the 1st Quarter of 2020, in the 2nd Quarter of 2020, the Services exports from India to Switzerland saw increase in Insurance & Pension Services (13.7%); followed by Financial Services (12.8%) and Technical, trade-related, and other business services (0.9%).

    The Services imports from Switzerland saw increase in, Insurance & Pension Services (45.2%); followed by Consulting Services (10.3%).

    Analysis - Overall the trade in Services is in favor of India. License Fees [IPR related] expectedly is in favour of Switzerland.

    Investment - As per DIPP, the FDI from Switzerland to India from April 2000 to June 2020 stood at USD 4879.01 million, making 1.03% of the total FDI Equity inflow. As per Department of Economic Affairs, Government of India, the ODI from India to Switzerland from Jan. – May* 2020 stood at USD 0.28 million.

    As per RBI figures, the total ODI from India to Switzerland during Aug 2020 was USD 1.03 million compared to USD 109.04 million in July 2020.

    Analysis - The investments from India to Switzerland are largely in field of Manufacturing, Financial, Insurance, and Business services, and Wholesale, Retail Trade, Restaurants and Hotel.

    Joint Venture

    Swiss based Cleanfix Reinigungssysteme AG (Cleanfix) announced manufacturing-led joint venture with Mysore-based Schevaran Laboratories Pvt. Ltd. (Schevaran): On 01 Oct. 2020, Swiss based Cleanfix Reinigungssysteme AG (Cleanfix), the global leader in robotic hygiene and cleaning machines announced its manufacturing-led joint venture with Mysore-based Schevaran Laboratories Pvt. Ltd. (Schevaran). The partnership will form a new entity CleanfixSchevaran Systems Pvt. Ltd., which will manufacture Swiss-technology backed worldclass robotic cleaning machines and solutions designed for the modern Indian needs.

    Swiss based Mobile Health AG partnered with Infosys: On 07 Oct. 2020, Infosys, the global leader in nextgeneration digital services and consulting, Swiss based Health Tech startup Mobile Health AG, partnered with Infosys to enhance the go-to-market (GTM) strategy for its electronically patient-reported outcomes (ePRO) platform, Consilium Care™. Infosys would help Mobile Health AG to refine the quality of care for cancer patients and enable a value-based digital healthcare system through high-quality patient data and value-based pricing.

    Aviation & Transportation

    Zurich Airport signed the concession agreement for the capital airport Delhi Noida in India: On 07 Oct. 2020, Flughafen Zurich AG announced that it signed a corresponding concession agreement for a period of 40 years with the responsible Indian Government authority for the capital airport Delhi Noida. Construction is expected to start in 2021 and the investments associated with the first construction phase would amount to around CHF 650 million. Flughafen Zürich AG holds 100% of the project.

    TENDER INFORMATION

    Guyana Guyana
    (EEPC Ref. No. DB-2469)
    Project              

    Energy Matrix Diversification and Institutional Strengthening of the Department of Energy (EMISDE)
    Loan No. : 4676/BL-GY
    Project ID No. : GY-L1066              

    DB Ref. No.  IDB-P605334-11/20 
    Issued by 

    Program Coordinator
    Power Utility Upgrade Program/EMISDE
    Guyana Power and Light Incorporated
    103 Carmichael Street
    Georgetown, Guyana
    Tel. : 592 – 227 –1686/8
    E-mail : puup.coordinator@gplinc.com
    CC : sogle@gplinc.com 

    Bid No.  ICB No. GPL-IDB-001-2020 
    For  Construction of an additional 69 kV transmission line between Kingston and Sophia at a higher rating than the
    existing line and on separate structures, and upgrading the existing L5, 69 kV transmission line to the rating of
    the new line. 
    Tender cost  Non-refundable fee of Five Thousand Guyana Dollars (GYD 5,000.00) or in a freely convertible currency. 
    Bid Security  Five Million Guyana Dollars (GYD 5,000,000.00) or an equivalent amount in a freely convertible currency. 
    Bid deadline  26.01.2021 
    Moldova Moldova
    (EEPC Ref. No. DB-2470)
    Project             

    Moldova Power System Development Project
    Loan No. : IDA63800
    Project ID No. : P160829             

    DB Ref. No.  WB-P609885-11/20 
    Issued by 

    Moldova Energy Projects Implementation Unit
    Power System Development Project
    1, Alecu Russo Street, Block A1
    16th Floor, Office 163
    ZIP/Postal Code: MD-2068
    Chisinau, Republic of Moldova
    Attn. : Mrs. Aurelia Samson, Director
    Tel./Fax : (+373 22) 49 67 90
    E-mail : mepiu@mepiu.md
    Website : www.mepiu.md 

    Bid No.  A2 
    For  Plant Design, Supply and Installation for Upgrade of 330 kV Chisinau Substation. 
    Tender cost 

    Non-refundable fee of Moldovan Lei 2,500.00 (two thousand five hundred MDL, 00 bani), in the case of
    collection from the MEPIU office at the address stated above, or EUR 250.00 (two hundred fifty Euro, 00
    eurocents), in the case of courier delivery, net of charges, or EUR 50.00 (fifty Euro, 00 eurocents), in the
    case of distribution electronically. The method of payment in both cases, will be by bank transfer to one of
    the accounts listed below:

    For Moldovan Lei:
    Beneficiary : MF- TR Chisinau - bugetul de stat UCIPE
    Fiscal Code : 13747014
    Beneficiary Bank : Ministerul Finantelor – Trezoreria de stat
    IBAN : MD63TRPIAA145150I15302AF
    SWIFT Code : TREZMD2X

    For Euro:
    Beneficiary : MF – TR Chisinau – bugetul de stat UCIPE
    Beneficiary Bank : National Bank of Moldova, Chisinau, Moldova Republic Of
    IBAN : MD47NBPBFR145150I15302AF
    SWIFT Code : NBMDMD2X
    Intermediary bank : De Nederlandsche Bank N.V., Amsterdam, Netherlands
    IBAN : NL90FLOR0600126226
    SWIFT Code : FLORNL2A 

    Bid Security 

    EUR 200,000.00 (two hundred thousand Euro, 00 eurocents).

    Bid deadline  27.01.2021 
    Philippines Philippines
    (EEPC Ref. No. DB-2471)
    Project                 

    Health System Enhancement to Address and Limit COVID19
    Loan No. : 3961-PHI
    Financing from ADB                

    DB Ref. No.  ADB-P608829-11/20 
    Issued by 

    COBAC – C Secretariat
    Department of Health – Procurement Service
    Building 6, San Lazaro Compound
    Sta. Cruz, Manila, Philippines, 1003
    Tel. : 8651-7800 local 1624 to 1627; 1650 to 52
    Fax : 8741-9775; 8740-6830
    E-mail : cobac.csecretariat@gmail.com 

    Bid No.  ADB-HEAL-04-2020 
    For  Supply, Delivery, Testing and Commissioning of 70 units Brand New Patient Transport Vehicles for
    COVID-19 Contact Tracing. 
    Tender cost  Non-refundable fee of PhP20,000.00 for local suppliers/bidders in Cash or Cashier’s/Manager’s check,
    to be paid at the DOH Cashier’s Office; for foreign/ international suppliers/ bidders, direct deposit to
    DOH COBAC Account No. 1432104610, Land Bank of the Philippines.
     
    Bid deadline  28.12.2020 
    Source  UN Development Business Website 
    Bahrain Bahrain
    (EEPC Ref. No. MEED-3016)
    Tender No.               RFP/INT/CSD/2020/49 (IN/CSD/MA/2020/194)               
    Tender for  Steel doors 
    Tender details  Supply of 50 C/W steel frame doors. 
    Bid bond  BD 500 
    Cost of tender documents  BD 15 
    Closing date  14.12.2020 
    Issued by 

    Electricity & Water Authority
    Directorate of Central Stores
    Room 21-4, Ground Floor
    P. O. Box 5325
    Sitra, Bahrain
    Tel. : (973) 17995500
    Website : www.tenderboard.gov.bh 

    Bahrain Bahrain
    (EEPC Ref. No. MEED-3017)
    Tender No.              RFP/INT/TWR/2020/177 (TPC-1275-2020)             
    Tender for  Valves 
    Tender details  Supply of double block and bleed valves. 
    Bid bond  BD 500 
    Cost of tender documents  BD 15 
    Closing date  13.12.2020 
    Issued by 

    Tatweer Petroleum
    P. O. Box 25888
    Awali, Bahrain
    Tel. : (973) 17148000/17148484/17148155
    E-mail : info@tatweerpetroleum.com
    Website : http://tatweerpetroleum.com 

    Bahrain Bahrain
    (EEPC Ref. No. MEED-3018)
    Tender No.                 RFP/INT/CSD/2020/52 (IN/CSD/MM/2020/196)               
    Tender for  Kiosk substations 
    Tender details  Supply of two 11/0.415kV, 500KVA, mineral oil-filled kiosk substations with distribution boards,
    fault passage indicator and associated cable and conduit/trunking for low-voltage supply to it. 
    Bid bond  BD 500 
    Cost of tender documents  BD 15 
    Closing date  21.12.2020 
    Issued by 

    Electricity & Water Authority
    Directorate of Central Stores
    Room 21-4, Ground Floor
    P. O. Box 5325
    Sitra, Bahrain
    Tel. : (973) 17995500
    Website : www.tenderboard.gov.bh 

    Kuwait Kuwait
    (EEPC Ref. No. MEED-3019)
    Tender No.               RFQ/1033091               
    Tender for  Butterfly valves 
    Tender details  Supply of butterfly valves. 
    Bid bond  KD 1,000 
    Closing date  11.02.2021 
    Issued by 

    Kuwait National Petroleum Company
    P. O. Box 70
    Ahmadi 13001, Kuwait
    Tel. : (965) 23887794/23887792/23207793
    E-mail : cwphelp@knpc.com.kw
    Website : http://esourcing.knpc.com 

    Kuwait Kuwait
    (EEPC Ref. No. MEED-3020)
    Tender No.               RFQ/1033172                
    Tender for  Tube bundle 
    Tender details  Supply of tube bundle. 
    Bid bond  KD 1,000 
    Miscellaneous  Open to prequalified contractors only 
    Closing date  18.02.2021 
    Issued by  Kuwait National Petroleum Company
    P. O. Box 70
    Ahmadi 13001, Kuwait
    Tel. : (965) 23887794/23887792/23207793
    E-mail : cwphelp@knpc.com.kw
    Website : http://esourcing.knpc.com
     
    Kuwait Kuwait
    (EEPC Ref. No. MEED-3021)
    Tender No.               RFQ/1033363             
    Tender for  Heater parts 
    Tender details  Supply of heater spare parts. 
    Bid bond  KD 1,000 
    Closing date  17.12.2020 
    Issued by  Kuwait National Petroleum Company
    P. O. Box 70
    Ahmadi 13001, Kuwait
    Tel. : (965) 23887794/23887792/23207793
    E-mail : cwphelp@knpc.com.kw
    Website : http://esourcing.knpc.com
     
    Kuwait Kuwait
    (EEPC Ref. No. MEED-3022)
    Tender No.               MEW/16/2019/2020              
    Tender for  Street lighting maintenance 
    Tender details  Maintenance of street lighting equipment at the Ahmadi governorate. 
    Bid bond  KD 23,000 
    Cost of tender documents  KD 1,000 
    Closing date  02.02.2021 
    Issued by 

    Central Tenders Committee
    Electricity & Water Ministry
    P. O. Box 1070
    Safat 13011, Kuwait
    Tel. : (965) 2401200
    Fax: (965) 2416574
    E-mail: info@ctc.gov.kw
    Website : www.ctc.gov.kw;
    www.capt.gov.kw 

    Source  MEED.com website 

    Domestic Information

    PUBLIC NOTICE

    Dated 27 November, 2020

    Notification No. 109/2020-Customs (N.T.)



    Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, Government of India, New Delhi has issued a Notification No. 109/2020-Customs (N.T.), dated 27th November, 2020 regarding Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver. The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/201130181859.pdf) for information of our Members.
    Dated 27 November, 2020

    Notification No. 41/2020-Customs (ADD)



    Ministry of Finance, Department of Revenue, Government of India, New Delhi has issued a Notification No. 41/2020-Customs (ADD), dated 27th October, 2020 regarding Seeks to further amend notification No. 49/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of “Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles” originating in or exported from China PR, for a period upto and inclusive of the January 31, 2021. The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/201130182059.pdf) for information of our Members.

    STEEL PRICES

    Steel Market Current Report

    Mandi Gobindgarh
    Open Market Rates of Rerollables (November 28, 2020)

    (Exclusive of GST) (Trade Terms 1% Cash Discount) (Rate Rs. per Tonne)
    Ingot
    Arc/Ind. Furnace
    Round quality (21x25) 35,500
    Structural quality (28x30) 35,700
    Low carbon (12x16) -
    Semi low carbon (18x21) 35,650
    5x6 Girder quality (25x30) -
    Runners/Risers 35,300
    Bones/Clean -
    Billets & Squares  
    50x50x63x63x65x65 mm MS -
    75x75x80x80x90x90 mm MS 35,700
    100x100 mm MS2 35,800
    125x125 mm MS/ Concast -
    100x100 mm Concast-Billets 36,100
    100x100 Concast-SAIL DSP 36,100
    H.C. Billet SAIL 150x150 mm) -
    H.C. Billet-Tisco 75x75 mm) -
    Blooms  
    Above 251 mm Bloom (HC) 32,500
    Above 251 mm Bloom (MS) 32,500
    (DSP) Bloom 160x250 mm 32,500
    130/135/140 mm (Tisco) MS -
    150x150 mm Concast (DSP) 35,500
    150x150 mm MS (SAIL) 35,700
    Bloom Cut into pcs. (MS) 35,700
    Bloom Cut into pcs. (Medium) 35,800
    Bloom Cut into (Patra Pass) 35,800

    Slabs  
    Durgapur Slabs 14"x3" -
    Durgapur Slabs -
    Bokaro Slab Heavy -
    Tata Concast Slab (Heavy) -
    Skelp Tisco -
    Rails  
    Untested Rail - 75 lbs. 25,100
    Untested Rail - 90 lbs. 25,100
    Untested Rail - 105 lbs. 25,100
    Rej. Wheel (Small) 25,100
    Cut Tyre (Big) 32,000
    Cut Tyre (Small) 26,000
    Melting Scrap (F.O.R.)  
    Fresh Scrap (Rolling Mill End)  26,000
    Old Scrap (Godown) 22,100
    Turning 21,400
    Tin Tapper 23,500
    Mill Scale 18,500
    Sponge Iron 21,700
    Pig Iron (F.O.R.)  
    Foundry Grade 30,700
    Steel Grade 23,400
    C.I. Turning 16,400
    Degi Scrap 23,800
    Deg Casting 36,200
    Ingot Moulds (Old) 22,800
    Ingot Moulds (New) 35,000
    Cut Ingot Moulds 21,700
    Open Market Rates of Finished Goods (November 28, 2020)
    (Inclusive of GST)
           (Rate per Qntl.)       

    M. S. Rounds 4 mm 5 mm 6 mm 8 mm 10 mm 12 mm 16/20 mm 22/25 mm
    Mild 4400 4420 4420 4430 4410 4510 4570 4420
    Zindi Pass (Drawing) - - - 4420 4490 4500 4590 4590

                      Above rates of 6 mm rounds are of length up to 14’ Above 18’ = 4470

    Heavy Rounds 28 to 53 mm 63 to 100 mm 110 to 125 mm 140 to 150 mm 165 mm 180 mm 200 mm
    Mild    4550 4550  4570     4570 4570 4590 4470
    M. S. Squares 4 mm 5 mm 6 mm 8 mm 10 mm 12 mm 16/20 mm 22/25 mm
    Mild 4620
    4620
    4590
    4650
    4650
    4650
    4590
    4580
    M. S. Angles 20 mm 25 mm 32 mm 40 mm 50 mm 65 mm 75 mm 100 mm 110 mm 150 mm 200  mm
    3 mm 4490 4450 4590 4570 4570 4640 - - - - -
    5 mm 4340 4450 4570 4570 4640 4670
    4570 - - -
    6 mm 4470 4530 4570 4570 4640 4670 4660 - - -
    8 mm - - 4570 4640 4640 4660 4660 - - -
    10 mm - - 4570 4640 4640 4660 4720 4660 - -
    12 mm - - 4570 4640 4320 4640 4650 - 4740

    -

    16 mm - - 4570 4640 4650 4640 4720 - - -
    M. S. Flats 20 mm 25 mm 32 mm 40 mm 50 mm 65 mm 75 mm 100 mm
    3 mm 4430 4420 4430 4460 4560 4520 - -
    5 mm 4430 4420 4430 4430 4660 4720 4660 4660
    6 mm 4460 4490 4430 4430 4580 4710 4660 4660
    8 mm 4310 4430 4530 4660 4640 4660
    10 mm - - 4310 4430 4530 4660 4640 4640
    12/25 mm - - 4300 4430 4530 4660 4640 4640
    18/19 Gauge 4260 4340 4510 4430
    4530 4640 4640 4640

    [Prices at other stockyards may vary]                                          Source : Steel Town (Weekly), November 28, 2020]

    EEPC INDIA OFFICE BEARERS

    CHAIRMAN SR. VICE CHAIRMAN  VICE CHAIRMAN

    Mahesh Desai
    Tel.: 91-40-27617098/5131 (O)
    91-40-27765793 (R)
    Fax : 91-40-27614376
    E-mail : desai.mahesh64@gmail.com
                  

     

     

     

     

    Arun Kumar Garodia
    Tel.: 91-33-40052700
    Fax : 91-33-40052800
    E-mail : corona@coronaind.com
                  arun@coronaind.com

     

     

    REGIONAL CHAIRMEN / CHAIRPERSON

    EASTERN REGION

    B. D. Agarwal
    Tel. : 91-33-22487249
    Fax : 91-33-22481879
    E-mail : bdacec@gmail.com

    NORTHERN REGION
    Kamna Raj Aggarwalla
    Tel.: 91-181-2642001/02/03/04
    Fax : 91-181-2642005
    E-mail :         kamna.aggarwalla@gmail.com                          
    SOUTHERN REGION

    K. S. Mani 
    Tel. : (91 491) 253-5669/9870
    E-mail : atlasmachinetools1978@gmail.com

    WESTERN REGION

    Krishanlal Dhingra
    Telefax : 91-22-2651-0038/2655-6955
    E-mail : kldhingra@gmail.com

    EEPC INDIA OFFICES

    H.O. (Cell) REGISTERED & HEAD OFFICE

    Suranjan Gupta 
    Executive Director
    EEPC INDIA
    Vandhna (4th Floor)
    11 Tolstoy Marg 
    New Delhi 110 001
    Tel.: 91-11-23353353, 23711124/25
    Fax : 91-11-23310920
    E-mail : eepcto@eepcindia.net
    URL : www.eepcindia.org

    Adhip Mitra
    Addl. Executive Director & Secretary
    EEPC INDIA
    Vanijya Bhavan (1st Floor)
    International Trade Facilitation Centre
    1/1 Wood Street, Kolkata 700 016
    Tel.: 91-33-22890651/52/53
    Fax : 91-33-22890654
    E-mail : eepcho@eepcindia.net
    URL : www.eepcindia.org

    REGIONAL OFFICES

    EASTERN REGION
    Anima Pandey
    Regional Director & Director (Membership)
    EEPC INDIA
    Vanijya Bhavan (2nd Floor)
    International Trade Facilitation Centre
    1/1, Wood Street
    Kolkata 700 016
    Tel.: 91-33-22890673/74
    Fax : 91-33-22890687
    E-mail : eepcrokol@eepcindia.net
    NORTHERN REGION
    Rakesh Suraj
    Regional Director
    EEPC INDIA
    Flat No.10
    P, Q, N, 10th Floor
    DCM Building
    16 Barakhamba Road
    New Delhi - 110 001
    Tel.: 91-11-23314171/74
    Fax : 91-11-23317795
    E-mail : eepcrodel@eepcindia.net
    SOUTHERN REGION
    C. H. Nadiger
    Regional Director
    EEPC INDIA
    Greams Dugar (3rd Floor)
    149 Greams Road
    Chennai 600 006
    Tel.: 91-44-28295501, 28295502
    Fax : 91-44-28290495
    E-mail : eepcrochen@eepcindia.net
    WESTERN REGION
    Rajat Srivastava
    Regional Director & Director (Marketing & Sales)
    EEPC INDIA
    B-202 & 220, Aurus Chambers
    Annex "B", 2nd Floor Behind Mahindra Tower
    S.S. Amrutwar Marg
    Worli, Mumbai 400 013
    Tel.: 91-22-4212 5555
    Fax : 91-22-2495 5486
    E-mail : eepcromum@eepcindia.net

    SUB-REGIONAL OFFICE

    AHMEDABAD
    Sudhakaran C. K. Nair
    Deputy Director
    EEPC INDIA
    TF-313/A(3rd Floor)
    ATMA House, Ashram Road
    Ahmedabad 380 009
    Tel.: 91-79-26588720
    E-mail : eepcsroahd@eepcindia.net
    BANGALORE
    J. V. Raja Gopal Rao
    Sr. Deputy Director
    EEPC INDIA
    Embassy Square, 103, First Floor
    No.148, Infantry Road
    Bengaluru - 560 001
    Tel.: 91-80-22261396/22268669
    Fax : 91-80-22266914
    E-mail : eepcsroblr@eepcindia.net
    HYDERABAD
    V. C. Ravish
    Sr. Executive Officer
    EEPC INDIA
    `Soham Mansion` (1st Floor)
    No. 5-4-187/3 & 4/4, M.G Road
    Secunderabad 500 003
    Tel.: 91-40-27536704
    Fax : 91-40-27536705
    E-mail : eepcsrohyd@eepcindia.net
    JALANDHAR
    Pranab Kumar Singh
    Assistant Director

    EEPC INDIA
    Plot Comm. 1, Focal Point
    Jalandhar 144 012
    Tel.: 91-181-2602264
    Fax : 91-181-2601124
    E-mail : eepcsrojld@eepcindia.net

    CIN : U51900WB1955NPL022644