engineering export bulletin engineering the future
  • Mr. Amrit G. Jalavadia, Working Committee Member, EEPC India presenting a bouquet to Mr. Tomas Rousek, Director, Czech Trade Promotion Agency, Ministry of Industry and Trade, Czech Republic at the Seminar on Doing Business with Czech Republic - A Gateway to Central and Eastern Europe & Interactive session on GST held on 11th August, 2017 in Ahmedabad
  • Mr. Amrit G. Jalavadia, Working Committee Member, EEPC India at the welcome address at the Seminar on Doing Business with Czech Republic - A Gateway to Central and Eastern Europe & Interactive session on GST held on 11th August, 2017 in Ahmedabad
  • Mr. Rajat Srivastava, Regional Director, EEPC India (WR) making the presentation on MSV 2017 held on 11th August, 2017 in Ahmedabad
  • Mr. Rajat Srivastava, Regional Director, EEPC India (WR) presenting a bouquet to Mr. Babu Ezhumavil, Exim expertize at the Seminar on Doing Business with Czech Republic - A Gateway to Central and Eastern Europe & Interactive session on GST held on 11th August, 2017 in Ahmedabad
  • Mr. Sudhakaran Nair, Sr. Assistant Diorector, EEPC India, Ahmedabad inviting the guests on the Dais at the Seminar on Doing Business with Czech Republic - A Gateway to Central and Eastern Europe & Interactive session on GST held on 11th August, 2017 in Ahmedabad
  • Mr. Tomas Rousek, Director, Czech Trade Promotion Agency, Ministry of Industry and Trade, Czech Republic addressing the participants at the Seminar on Doing Business with Czech Republic - A Gateway to Central and Eastern Europe & Interactive session on GST held on 11th August, 2017 in Ahmedabad
  • Mr. Arun Kumar Garodia, Regional Chairman, EEPC India (ER) sharing his views at Brainstorming Session for Increasing Exports held on 18th August, 2017 in Kolkata. On his right Mrs. Anindita Sengupta, Additional DGFT, Office of the Additional DGFT, Ministry of Commerce & Industry, Government of India; Mr. R. C. Kalra, Joint DGFT, Office of The Additional DGFT, Ministry of Commerce & Industry, Government of India; Dr. Rahul Singh, Assistant DGFT, Office of The Additional DGFT, Ministry of Commerce & Industry, Government of India; Mr. Rohit Soni, Assistant DGFT, Office of The Additional DGFT, Ministry of Commerce & Industry, Government of India and on his left Mr. Suranjan Gupta, Addl. Executive Director, EEPC India
  • Mr. S. S. Kejriwal, Convenor, Sanitary Casting Panel, EEPC India welcoming the participants at the Panel 20 meeting held on 18th August, 2017 in Kolkata. On his left - Mr. R P Sehgal, Sr. Vice Chairman, EEPC India; Mr. O. P. Agarwal, Director, RBA Ferro India Pvt. Ltd; Mrs. Anima Pandey, Regional Director, EEPC India (ER) and on his right - Mr. B D Agarwal, Dy. Regional Chairman, EEPC India (ER); Mr. Dinesh Seksaria, Director, Govind Steel Co. Ltd.

ENGINEERING EXPORT INFO-BULLETIN | VOL. 19 | ISSUE NO. 35 | SEPTEMBER 4, 2017

eepc mobile app

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

  • Public Notice No. 22/2015-2020 - Correction/Amendments in Table 2 of Appendix 3B Foreign Trade Policy 2015-20.
  • Trade Notice No. 16/2015-2020 - Directions to Bank.
  • Notification No. 83/2017-Customs (N.T.) - Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg.
  • Notification No. 42/2017-Customs (ADD) - Seeks to levy definitive anti-dumping duty, on Castings for Wind Operated Electricity Generators originating in or exported from China PR for a period of five years (unless revoked, superseded or amended earlier).
  • Notification No. 27/2017 – Central Tax - Seeks to further amend the CGST Rules, 2017.
  • Circular No. 7/7/2017-GST - System based reconciliation of information furnished in FORM GSTR-1 and FORM GSTR-2 with FORM GSTR-3B - regarding.
chairman

My dear fellow exporters,

Yesterday, the Government extended the date of filing of GSTR 1, GSTR 2 and GSTR 3 for the month of July to 10th , 25Th and 30th September, 2017 respectively and that of August to 5th, 10th and 15th October 2017 respectively. This implies a further delay in the refunds of exporters who are under tremendous pressure due to the blockage of funds. This extension effectively means that the July refunds will only be available in the third week of October and the August refund only in the month of November.

In view of the this critical situation, EEPC India requested the government to give 90% refund to exporters immediately based on the Shipping Bills that have already been filed with the ICEGATE. The verification and adjustment can be done later based on the filing by the exporters as per their respective GST filing and returns. This will help small and medium scale exporters to tide over the blockage of funds and allow them to pay the salaries and bonuses of their workers during the festival season. Our members have pointed out that they are in a desperate situation and hence Government must intervene to avoid a mini social crisis.

 

Tarvinder Singh Bhasin 

Overseas Information

OVERSEAS MARKET INFORMATION

France
(Source : Embassy of India, Paris)

India France Bilateral Trade

Jan-June 2016

Jan-June 2017

Jan-June 2017

Jan-June 2016/  Jan-June 2017

Jan-June 2017

 

Million €

Million €

Million US$

% Growth

% Share

France’s Trade with India : Export

1744,95

2383,69

2598,22

36,61

1,03

Import

2445,12

2866,66

3124,66

17,24

1,05

France’s Total Trade with India: Exp+Imp

4190,07

5250,35

5722,88

25,30

1,04

France’s Trade with World : Export

223432,94

231167,05

251972,09

3,46

 

Import

254291,61

272713,89

297258,15

7,24

 

France’s Total Trade with World: Exp+Imp

477724,55

503880,95

549230,23

5,48

 

Significant Trends in trade and investment (Sources: EoI, E&C Wing Analysis)

Trade – In Jan-June 2017, India France bilateral trade stood at € 5.25 billion (+25.3%) as compared to the corresponding period the previous year. India’s exports to France increased by 17.24% during this period with a rise in exports of following top 10 category products: mineral fuels & oils (201.12%); nuclear reactors, boilers, machinery and mechanical appliances (6.31%); automobiles and parts (51.65%); electrical machinery (14.84%), footwear (2.95%), organic chemicals (2.65%), articles of leather (4.07%) & gems and jewellery (3.31%). However there was a drop in exports of knitted or crocheted articles of apparel & clothing accessories (-2.45%) & non knitted or crocheted articles of apparel & clothing accessories (-1.16%).

Meanwhile, French exports to India increased by 36.61% during the same period: Exports of following top 10 ranked products increased: aircraft & spacecraft (117.03%); nuclear reactors, boilers, machinery & mechanical appliances (72.94%); miscellaneous chemical products (17.58%); electrical machinery & equipment (15.16%); plastics and articles thereof (15.03%); pharmaceutical products (9.51%) & automobiles and components (7.5%). However, exports of optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus & parts thereof fell by 23.74% & those of organic chemicals by 14.71% & iron & steel (-13.22%).

Investment – According to statistics released by Business France, “There are over 150 Indian companies operating in France, where they employ more than 7,000 people. Eleven new investments from India were recorded in 2016, creating or maintaining 171 jobs. Indian investments in France in 2016 were often in high value-added activities, particularly R&D and engineering (36%), decision-making centres (27%), including a European headquarters, and business services (18%). Investments came in a variety of sectors, including software and IT services (18%), energy and recycling (18%), aerospace, naval and railway equipment (18%), and textiles and clothing (18%) sectors. Indian companies invested primarily in the Auvergne-Rhône-Alpes (27%), Ile de France (Paris region) (27%) and BourgogneFranche-Comté (18%) regions. Selected investment projects in 2016 were from:

Royal Enfield [in 2016 this Indian firm announced that it would be establishing its pan-European headquarters in Paris (Ile de France region), with the opening of a concept store in Levallois-Perret]. Guesswork [a winner in French Tech Ticket, season 1, this Indian start-up markets a mobile app that helps small online retailers connect with customers. Guesswork won a one-year residency for 2016 in the Startup42 business incubator in the Parisian suburb of Kremlin-Bicêtre (Ile de France region)]. Etosha: [this specialist in flavours, fragrances and essential oils for agri-food, personal care (deodorants, perfumes and soaps) and homecare (detergents) recently established a French subsidiary in Grasse (ProvenceAlpes-Côte d’Azur region) that will create 10 jobs over the next three years]. Dymond Cleantech: [a winner in French Tech Ticket, season 1, this Indian start-up has developed an electrochemical water purification technology based on diamond electrodes. In 2016, it was resident in the La Paillasse business incubator in Paris (Ile de France region), where it had co-working space and access to coaching sessions].

Romania
(Source : Embassy Of India, Bucharest)

Moody`s changes the outlook on the Baa3 issuer rating of Romania to stable from positive, ratings affirmed

Moody`s Investors Service has changed the outlook on the ratings of the Government of Romania to stable from positive. At the same time, at the rating agency has affirmed the Baa3 long-term issuer rating and senior unsecured ratings, the (P) Baa3 MTN programme rating, as well as the Prime-3 (P-3) short term issuer rating of Romania.

The key drivers for changing the rating outlook to stable from positive are:

(1) The expansionary fiscal policy of Romania that has resulted in a material widening of its fiscal deficit, and which is expected to lead to an upward trajectory in the government debt-to-GDP ratio.

(2) The pro-cyclicality of macroeconomic policy, which has led to rapid wage growth, a deterioration in price competitiveness and a widening of the current account deficit.

These developments are contrary to the economic and fiscal trends anticipated at the time of Moody`s decision to change the outlook to positive from stable in December 2015.

At the same time, Moody`s has affirmed the Baa3 ratings of Romania based upon the underlying fundamentals of the economy and convergence trends regarding wealth and institutional strength under the aegis of EU membership. Although expected to weaken somewhat, the still relatively moderate debt levels relative to GDP and revenue, as well as strong debt affordability metrics, also support the current rating level. Finally, in our view, vigilance from the EU and the IMF are expected to support an anchoring of the economic and fiscal policies of Romania in spite of its fragmented political landscape.

The long-term country ceilings of Romania for local and foreign currency bonds and for local currency bank deposits remain unchanged at A3. Its long-term country ceiling for foreign currency bank deposits remains unchanged at Baa3. Its short-term country ceiling for foreign-currency bonds remains unchanged at Prime-2 (P-2), and its short-term country ceiling for foreign currency bank deposits remains unchanged at Prime-3 (P-3).

RATINGS RATIONALE

In December 2015, the positive outlook on the ratings of Romania were based upon the expectation that the improvement of fiscal and debt metrics would be sustained, and the vulnerability of the economy to external shocks would be reduced. Those assumptions are not supported by the economic and fiscal trends observed since then or by those expected going forward.

FIRST DRIVER: THE EXPANSIONARY FISCAL POLICIES OF THE GOVERNMENT OF ROMANIA

The first driver for moving the rating outlook to stable from positive is based upon the deterioration in the public finance and debt outlook for the Government of Romania. We forecast that its debt-to-GDP ratio will rise over the medium term, after having fallen slightly over the past two years. This is as a result of already implemented and forthcoming fiscal relaxation measures under the "Fiscal Code", that affect government revenue and expenditure.

The fiscal relaxation agenda of the government and the resulting rise in the government debt-to-GDP ratio from this year onwards indicates that Romania has not taken advantage of the favourable macroeconomic and financial market conditions to bring its public debt onto a clear downward trajectory and to restore the fiscal buffers it lost in the aftermath of the crisis.

After six years in which the fiscal deficit fell from more than 9% of GDP in 2009 to below 1% of GDP in 2015, the public finances of Romania have passed a turning point, and they are expected to continue to deteriorate over coming years as a result of the fiscal easing stance of the "Fiscal Code" and additional measures introduced by the government. The government debt burden and debt affordability metrics are set to deteriorate over the medium term and we expect government debt stock to be above 45% by 2021, as compared to 38.0% at the end of 2015 and 12.7% in 2007. Such a deterioration would leave Romania more susceptible to worsening external market conditions.

SECOND DRIVER: THE PRO-CYCLICAL FISCAL POLICIES OF THE GOVERNMENT OF ROMANIA AND RAPID WAGE GROWTH ERODE COMPETITIVENESS

Although near-term growth is robust, it is largely driven by an expansionary fiscal policy. Strong demand-driven growth is also threatening external price competitiveness. Although we expect a continuation of robust real GDP growth in the medium term (real GDP was 4.8% in 2016, and is forecast to be 4.0% in 2017 and 3.5% in 2018), the presently very favourable growth momentum is not sustainable and overstates Romanian long-term growth potential. Economic momentum has shifted away from an export-driven recovery to a domestic demand-driven recovery fuelled by fiscal stimulus.

With regard to the supply side of the economy, the long-term growth potential of Romania is slightly above 3% and remains far lower than before the crisis. More importantly, it remains constrained by the lack of structural economic reforms, remaining weaknesses in the institutional framework and institutional effectiveness, economic policies that hinder stronger private investment, a comparatively low labour participation rate, and emigration. Progress on structural economic reforms as well as improvements to infrastructure have been limited and slow.

Romanian price and non-price competitiveness remain constrained by delays in public investment (including the absence of long-term and strategic planning leading to an insufficient pipeline of projects), lack of prioritisation of investment projects and a low absorption rate for EU structural funds leading to under-utilisation of available external financial resources.

As a result of strong internal demand growth, the current account deficit of Romania doubled in 2016 to 2.3%, thereby continuing to reverse the trend of narrowing external deficits that occurred between 2007 and 2014. We expect the current account deficit to widen to around 3.0% of GDP in 2017 and to 3.1% of GDP in 2018 (from 0.7% in 2014). A widening current account deficit will prevent a further significant decline in net international investment position liability and external-debt-to-GDP ratios.

WHAT COULD RESULT IN AN UPGRADE

Upward pressure upon the rating might be exerted by evidence of more balanced and, hence, sustainable real GDP growth, improvements in the institutional framework and effectiveness and a prolonged improvement in government and external debt ratios.

WHAT COULD RESULT IN A DOWNGRADE

Downward pressure upon the rating might arise from evidence of a further significant deterioration in public finances leading to an additional significant rise in the government debt ratio and sovereign borrowing requirements, a further significant decline in external competitiveness, or an increasing deterioration in its balance of payments and international investment position.

Moody`s last reviewed Romania`s rating in December 2015, when it improved the outlook on the country`s Baa3 rating to positive from stable.

RATINGS BY OTHERS

Earlier in April. Standard & Poor`s maintained Romania`s rating at BBB-/A-3, with a stable outlook, and said that the country`s deficit will widen due to the government`s loose fiscal policy.  In March, Japan Credit Rating Agency (JCRA) has affirmed the outlook on Romania`s long-term government debt in foreign currency and local currency to BBB/BBB+ stable. In January, Fitch Ratings affirmed Romania`s long-term foreign and local currency issuer default ratings (IDR) at `BBB-`, with stable outlooks.

In March, IMF mission chief in Romania Reza Baqir cautioned that without further measures to address the impact of tax cuts and wage and pension hikes, the country`s budget deficit will increase to 3.8% of GDP in 2018. He added that in IMF`s view the way forward to bring flexibility into the budget is for the government to realize that there is no room left for tax cuts.

Among the fiscal easing measures that have entered into force since the beginning of the year is a law doing away with health and social insurance contributions paid by pensioners and scrapping income tax on pensions under 2,000 lei ($469/443 euro), a bill eliminating 102 fees and charges, and a hike of the minimum wage by 16% to 1,450 lei. Romania also reduced its VAT rate from 20% to 19% as of January 1. This cut follows a reduction in the VAT rate from 24% to 20% in 2016. IMF stated that Romania`s real GDP growth is projected to reach 4.2% in 2017 before it decelerates to 3.4% in 2018. However, Romania`s 2017 budget is based on projections for 5.2% economic growth and envisages a deficit equivalent to 2.99% of GDP under the European System of Accounts (ESA) standards. Romania`s economy expanded by 4.8% year-on-year in 2016 compared to a revised growth rate of 3.9% in 2015, as per data from the country`s statistical board, INS.

18th India-Romania Joint Economic Committee Meeting

Romanian delegation led by Mr Christian Dima, Secretary of State in the Romanian Ministry of Business Environment, Commerce and Entrepreneurship for the 18th round of India-Romania JEC in New Delhi met with Indian minister for commerce and industry Ms Nirmala Sitharaman requested the Romanian authorities to facilitate access for the Indian investors in Romania, taking into account the presence of  IT majors in the local market, as it has a strategic position and may be used as entry gate for goods and services from India for the European market. They discussed the engagement of the two countries in important sectors such as energy, SMEs, IT, Textiles etc. The Romanian companies were invited to use the programme ‘ Made in India’ launched to change India into  a centre of production at world level. Dima pointed that it is necessary to intensify the traditional relations with India, taking into consideration as priority the increase of the volume of commercial exchanges which could reach 1 billion dollars in the next five years.

Romania and India could cooperate in the future for projects in domains of common interest, such as oil and natural gas, SMEs, transports, agriculture, renewable energy, IT, tourism, banking sector and exports, civil aviation and mining. These were outlined in the Joint Protocol signed by Commerce Secretary, Ms Tita Teaotia from the Indian side and Mr Christian Dima, Secretary of State, Ministry of Business Environment, Commerce and Entrepreneurship from the Romanian side  in New Delh iat the end of the meetings of the 18th JEC on 07th April 2017. 

TENDER INFORMATION

Afghanistan Afghanistan
(EEPC Ref. No. DB-2066)
Project              

Second Customs Reform and Trade Facilitation Project
Loan No. : IDA D0760IDA H5680
Project ID No. : P112872              

DB Ref. No.  WB5096-08/17 
Issued by 

Attention : Anwar Zamani
Procurement Officer
2nd Floor, Procurement Directorate
Ministry of Finance
Pashtoonestan Watt, Kabul, Afghanistan
Tel. : +93 788012169
E-mail : anwarz.piu@gmail.com
Copy to : shams_alz@yahoo.com
rishiaj@hotmail.com , walidnoori.piu@gmail.com 

Bid No.  MOF-ACD/SCRTFP-PIU/16-G/KBL/0057 
For 

Procurement of IT and Electrical Equipment for Regional Customs :
- Lot 1 : Procurement of IT Equipment;
- Lot 2 : Procurement of Electrical Equipment. 

Bid Security 

- Lot 1 : US$ 4780 or an equivalent amount in a freely convertible currency.
- Lot 2 : US$ 5320 or an equivalent amount in a freely convertible currency. 

Bid deadline  13.10.2017 
Bangladesh Bangladesh
(EEPC Ref. No. DB-2067)
Project            

Bangladesh Power System Enhancement and Efficiency Improvement Project
Loan No. : 3522-BAN
Loan from ADB             

DB Ref. No.  ADB419-08/17 
Issued by 

Company Secretary
Power Grid Company of Bangladesh Ltd. (PGCB)
The Institute of Engineers Bangladesh (IEB) Bhaban, (4th Floor)
8/A Ramna, Dhaka-1000, Bangladesh
Tel. : +88 02 9553663/9550514, 9558054
Fax : +88 02 95 82 382
E-mail : se-design@pgcb.org.bd
Website : www.pgcb.org.bd 

Bid No.  PGCB/ADB/3522/400kV/TL/AMM(RC) 
For  Design, Supply, Installation, Testing & Commissioning of the Padma River Crossing Portion
of Aminbazar-Maowa-Mongla 400kV Double Circuit Transmission Line on turnkey basis. 
Tender cost  Non-refundable fee of US$ 250.00 (United States Dollar Two Hundred Fifty) or Tk. 20,000,00
(Taka Twenty Thousand only) in the form of Pay Order/Demand Draft in favour of the Power
Grid Company of Bangladesh Limited. The Bidding Document may be sent through a courier for
an additional fee of BD Tk. 1000.00 (local delivery) or US$ 120.00 (International delivery) in the
form of Pay Order/ Demand Draft in favour of Power Grid Company of Bangladesh Limited.
No liability will be accepted for loss or late delivery of the Bidding Document. 
Bid deadline  30.10.2017 
Source  UN Development Business Website 
Bahrain Bahrain
(EEPC Ref. No. MEED-2020)
Tender No.            108/17               
Tender for  Hospital air-conditioning 
Tender details  Replacement of an air-conditioning unit at a psychiatric hospital in Ruffaudah. 
Bid bond  BD 1,000 
Cost of tender documents  BD 25 
Closing date  27.09.2017 
Issued by 

Health Ministry
Directorate of Materials Management
PO Box 12
Manama, Bahrain
Tel. : (973) 17285572/17285592/17285908/12285199
Fax : (973) 17270979
Website : www.moh.gov.bh 

Lebanon Lebanon
(EEPC Ref. No. MEED-2021)
Tender No.            Prequalification             
Tender for  Hydro-power plant 
Tender details  Construction of a hydro-power plant as part of a water supply augmentation project
at the Bisri dam – lot 1. 
Cost of tender documents  $ 2,000 
Closing date  25.10.2017 
Issued by 

Council for Development & Reconstruction
Legal Affairs Division, Tenders Department
Tallet el-Serail
PO Box 11/3170
Beirut Central District, Lebanon
Tel. : (9611) 981431/2
Fax : (9611) 981255
E-mail : samin@cdr.gov.lb
Website: www.cdr.gov.lb 

Qatar Qatar
(EEPC Ref. No. MEED-2022)
Tender No.             LTC 1211/2017            
Tender for  Fire pumps and control panels
Tender details  Dismantling, supply, installation, testing and commissioning of fire pumps and control panels. 
Bid bond  QR 120,000 
Cost of tender documents  QR 1,200 
Closing date  24.09.2017 
Issued by 

Qatar General Electricity & Water Corporation (Kahramaa)
General Services Department, Dafna
PO Box 41
Doha, Qatar
Tel. : (974) 44845484/44845555
Fax : (974) 44845496
E-mail : aabdelgadir@km.com.qa, contactus@km.com.qa
Website : www. km.com.qa 

Qatar Qatar
(EEPC Ref. No. MEED-2023)
Tender No.            LTC 1219/2017             
Tender for  Kitchen equipment 
Tender details  Supply of kitchen equipment on a three-year price agreement basis. The equipment includes
microwave ovens, electric kettles, thermo flasks and serving trays). 
Bid bond  QR 30,000 
Cost of tender documents  QR 500 
Closing date  22.10.2017 
Issued by 

Qatar General Electricity & Water Corporation (Kahramaa)
Materials Department, Dafna
PO Box 41
Doha, Qatar
Tel. : (974) 44845484/44845555
Fax : (974) 44845496
E-mail : aabdelgadir@km.com.qa, contactus@km.com.qa
Website : www. km.com.qa 

Saudi Arabia Saudi Arabia
(EEPC Ref. No. MEED-2024)
Tender No.           1439/3             
Tender for  Medical equipment 
Tender details 

Supply of medical equipment for the King Abdullah medical complex in Jeddah.

Cost of tender documents  SR 2,000 
Closing date  01.10.2017 
Issued by 

Directorate of Health Affairs
Purchasing Department
Jeddah, Saudi Arabia
Tel. : (9662) 6970006
Fax : (9662) 6622961 

United Arab Emirates United Arab Emirates
(EEPC Ref. No. MEED-2025)
Tender No.            RFX-2421700041              
Tender for  CO2 door locks 
Tender details  Engineering, supply, installation, testing and commissioning of CO2 door locks key interlocks
for fire-fighting systems at the Al-Aweer power station H, phase 2. 
Bid bond  5 per cent of tender price 
Cost of tender documents  AED 500 
Closing date  27.09.2017 
Issued by 

Dubai Electricity & Water Authority
Office of the Contracts Manager
Zabeel East, PO Box 564
Dubai, UAE
Tel. : (9714) 3244444
Fax : (9714) 3248111
E-mail : contracts@dewa.gov.ae
Website : www.dewa.gov.ae 

Source  MEED.com website 

Domestic Information

PUBLIC NOTICE

Dated 31 August, 2017

Public Notice No. 22/2015-2020



The Directorate General of Foreign Trade, Ministry of Commerce and Industry, Department of Commerce, Government of India, New Delhi has issued a Public Notice No. 22/2015-2020 dated 31st August, 2017 regarding Correction/Amendments in Table 2 of Appendix 3B Foreign Trade Policy 2015-20. The above Public Notice has already been hosted in our Website (http://www.eepcindia.org/download/170831180413.pdf) for information of our Members.
Dated 1 September, 2017

Trade Notice No. 16/2015-2020



The Directorate General of Foreign Trade, Ministry of Commerce and Industry, Department of Commerce, Government of India, New Delhi has issued a Trade Notice No. 16/2015-2020 dated 1st September, 2017 regarding Directions to Bank. The above Trade Notice has already been hosted in our Website (http://www.eepcindia.org/download/170904125324.pdf) for information of our Members.
Dated 31 August, 2017

Notification No. 83/2017-Customs (N.T.)



Ministry of Finance, Department of Revenue, Central Board of Excise & Customs, Government of India, New Delhi has issued a Notification No. 83/2017-Customs (N.T.), dated 31st August, 2017 regarding Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg. The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/170831165814.pdf) for information of our Members.
Dated 30 August, 2017

Notification No. 42/2017-Customs (ADD)



Ministry of Finance, Department of Revenue, Central Board of Excise & Customs, Government of India, New Delhi has issued a Notification No. 42/2017-Customs (ADD), dated 30th August, 2017 regarding Seeks to levy definitive anti-dumping duty, on Castings for Wind Operated Electricity Generators originating in or exported from China PR for a period of five years (unless revoked, superseded or amended earlier). The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/170831165923.pdf) for information of our Members.
Dated 30 August, 2017

Notification No. 27/2017-Central Tax



Ministry of Finance, Department of Revenue, Central Board of Excise & Customs, Government of India, New Delhi has issued a Notification No. 27/2017-Central Tax, dated 30th August, 2017 regarding Seeks to further amend the CGST Rules, 2017. The above Central Tax Notification has already been hosted in our Website (http://www.eepcindia.org/download/170831170018.pdf) for information of our Members.
Dated 1 September, 2017

Circular No. 7/7/2017-GST



Ministry of Finance, Department of Revenue, Central Board of Excise & Customs, Government of India, New Delhi has issued a Circular No. 7/572017-GST, dated 1st September, 2017 regarding System based reconciliation of information furnished in FORM GSTR-1 and FORM GSTR-2 with FORM GSTR-3B. The above GST Circular has already been hosted in our Website (http://www.eepcindia.org/download/170904125439.pdf) for information of our Members.

STEEL PRICES

Steel Market Current Report

Mandi Gobindgarh
Open Market Rates of Rerollables (September 02, 2017)

(Inclusive of Excise Duty) (Trade Terms 1% Cash Discount) (Rate Rs. per Tonne)
Ingot
Arc/Ind. Furnace  
Round quality (21x25) 29,400
Structural quality (28x30) 31,500
Low carbon (12x16) -
Semi low carbon (18x21) 31,900
5x6 Girder quality (25x30) 31,900
Runners/Risers 31,900
Bones/Clean -
Billets & Squares  
50x50x63x63x65x65 mm MS -
75x75x80x80x90x90 mm MS 30,100
100x100 mm MS 30,100
125x125 mm MS/ Concast -
100x100 mm Concast-Billets 30,200
100x100 Concast-SAIL DSP 30,200
H.C. Billet SAIL 150x150 mm) -
H.C. Billet-Tisco 75x75 mm) -
Blooms  
Above 251 mm Bloom (HC) 29,500
Above 251 mm Bloom (MS) 29,500
(DSP) Bloom 160x250 mm 29,500
130/135/140 mm (Tisco) MS -
150x150 mm Concast (DSP) 28,800
150x150 mm MS (SAIL) 29,600
Bloom Cut into pcs. (MS) 28,300
Bloom Cut into pcs. (Medium) 28,800
Bloom Cut into (Patra Pass) 28,300

Slabs  
Durgapur Slabs 14"x3" -
Durgapur Slabs -
Bokaro Slab Heavy -
Tata Concast Slab (Heavy) -
Skelp Tisco -
Rails  
Untested Rail - 75 lbs. 23,800
Untested Rail - 90 lbs. 23,800
Untested Rail - 105 lbs. 24,100
Rej. Wheel (Big) -
Rej. Wheel (Small) 24,500
Cut Tyre (Big) 29,700
Cut Tyre (Small) 24,300
Melting Scrap (F.O.R.)  
Rolling Mill end (Fresh) 20,400
Good Godown 17,400
Godown Scrap 16,900
Turning 15,400
Tin Tapper 17,400
Sponge Iron 20,100
Pig Iron (F.O.R.)  
Foundry Grade 30,300
Steel Grade 28,900
C.I. Turning 14,800
Degi Scrap 21,400
Deg Casting 32,400
Ingot Moulds (Old) 23,400
Ingot Moulds (New) 33,775
Cut Ingot Moulds 20,100
Open Market Rates of Finished Goods (September 02, 2017)
(Including Excise Duty) (Trade Terms 1% Cash Discount)
(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 4010 3910 3760 3780 3760 3760 3750 3710
Zindi Pass (Drawing) - - - 3790 3770 3770 3760 3730

                  Above rates of 6 mm rounds are of length up to 14’ Above 18’ = 3000

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    3770 3750  3850     3950 4030 4010 4010
M. S. Squares 4 mm 5 mm 6 mm 8 mm 10 mm 12 mm 16/20 mm 22/25 mm
Mild 3930
3930
3770
3750
3750
3750
3740
3630
M. S. Angles 20 mm 25 mm 32 mm 37 mm 50 mm 65 mm 75 mm 90 mm 100 mm 110 mm 150 mm 200 mm
3 mm 3860 3760 3760 3760 3780 3780 - - - - - -
5 mm 3780 3780 3730 3730 3730 3770
3850 3850 - - -
6 mm 3770 3770 3730 3730 3730 3770 3850 3850 - - -
10 mm - - - - - - - - 3970 - -
12 mm - - - - - - - - -

3970

-
16 mm - - - - - - - - - -
M. S. Flats 20 mm 25 mm 32 mm 37 mm 50 mm 65 mm 75 mm 100 mm
3 mm 3780 3780 3780 3790 3810 3810 - -
5 mm 3680 3680 3780 3680 3710 3710 3710 3710
6 mm 3680
3680 3680 3680 3710 3710 3710 3710
10 mm - - 3735 3710 3710 3710 3710 3710
12/25 mm - - 3735 3730 3710 3710 3710 3710
18/19 Gauge 3740 3730 3760 3710
3710 3810 3790 3730

[Prices at other stockyards may vary]                                             Source : Steel Town (Weekly), September 02, 2017]

EEPC INDIA OFFICE BEARERS

CHAIRMAN SR. VICE CHAIRMAN VICE CHAIRMAN

Tarvinder Singh Bhasin 
Tel.: 91-22-23738856, 23724381 
Fax : 91-22-23730107 
E-mail : tsb@bharatsprings.com

Ravindra Prakash Sehgal 
Tel.: 91-33-2287-2256/8229/2290 
Fax : 91-33-2287-9938
E-mail : ravisehgal5@gmail.com
Pankaj Chadha
Tel.: 91-22-26455474 - 75
Fax : 91-22-26455478
E-mail :export@jyotisteel.com
              pankaj@jyotisteel.com

REGIONAL CHAIRMEN / CHAIRPERSON

EASTERN REGION
Arun Kumar Garodia
Tel.: 91-33-40052700
Fax : 91-33-40052800
E-mail : corona@coronaind.com
              arun@coronaind.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
Mahesh K Desai
Tel.: 91-40-27617098/5131 (O)
91-40-27765793 (R)
Fax : 91-40-27614376
E-mail : hyd1_meera@sancharnet.in
              desai.mahesh64@gmail.com
WESTERN REGION

Krishanlal Dhingra
Tel.: 91-22-64527953
Fax : 91-22-26556955
E-mail : kldhingra@gmail.com

EEPC INDIA OFFICES

TERRITORIAL OFFICE REGISTERED & HEAD OFFICE
Bhaskar Sarkar
Executive Director & Secretary
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
Suranjan Gupta
Addl. Executive Director
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
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
Vandhna Building (7th Floor)
11, Tolstoy Marg
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
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 : 91-22-4212 5556, 022-2495 5486
E-mail : eepcromum@eepcindia.net

SUB-REGIONAL OFFICE

AHMEDABAD
Sudhakaran C. K. Nair
Sr. Asst. 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
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
Srinivas Chakravarthy
Assistant Director
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
Opinder Singh
Deputy 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