engineering export bulletin engineering the future

    ENGINEERING EXPORT INFO-BULLETIN | VOL. 22 | ISSUE NO. 30 | NOVEMBER 16, 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

    • Trade Notice No. 34/2020-21 - New Foreign Trade Policy - inviting suggestions regarding.
    • Trade Notice No. 35/2020-21 - Migration of AA/EPCG/DFIA Online modules to the new IT environment from 1st December 2020 and non-availability of license amendment services from 20th November 2020 to 30th November 2020 –reg.
    • Notification No. 106/2020 - Customs (N.T.) - Exchange rate Notification No.106/2020-Cus (NT) dated 12.11.2020.
    • Notification No. 107/2020-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.
    chairman

    My dear fellow exporters, 

    Indian engineering exports slipped back into the negative territory in October 2020 declining by 6.3% (year- on year) to US$ 5785.3 million after recording positive growth in the month of September 2020. India’s engineering exports also witnessed negative growth in October 2020  from US$ 6171.3 million in October 2019 to US$ 5785.3 million in October 2020. In cumulative terms the first seven months recorded a decline to the extent of 14.1% from US$ 44425.72 million in April-October 2019-20 to US$ 38140.85 million in April-October 2020-21, given the fact that COVID still continues to impact global trade and economy negatively.The decline was majorly triggered by huge fall in exports of ferrous and non- ferrous metals. Interestingly since April 2020, when exports of all commodities fell due to Covid-19 pandemic, major metals such as copper, iron and steel, aluminium, nickel experienced a rise in exports. The recovery in the previous months were purely due to factors such as sudden surge in demand from China and re-emergence of several industries from lockdown. However with months of depressed demand, even from before Covid-19, the scare of over supply had always loomed high. With UNCTAD predicting a 20% decline in merchandised trade in 2020, it seems, recovery would be difficult and we may witness the declining trend in the coming months.

    In the domestic front however, the festive season has witnessed a growth in demand across sectors. At the same time the Indian Government has introduced a number of packages braided under the name of “Atmanirbhar Bharat” for the industry. The latest of the package – Atmanirbhar Package 3.0 is very well targeted and is expected to kick-start demand, investment, exports, etc. While it will require time, such steps would act as a catalyst and enabler in our economy’s recovery.

    Thank you,

    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

    Bosnia and Herzegovina
    (Source : Embassy of India, Budapest)

    Potential products of imports from India

    Commodity - 870332 Motor cars and other motor vehicles principally designed for the transport of persons, incl. ...

    Rationale - For the month, imports of this product from the World were in the value of USD 25.5 mln while imports from India were nil.

    Commodity - `851712 Telephones for cellular networks "mobile telephones" or for other wireless networks.

    Rationale - For the month, imports of this product from the World were in the value of USD 7.2 mln, while imports from India were USD 0.01 mln.

    Commodity - `760120 Unwrought aluminium alloys.

    Rationale – For the month, imports of this product from the World were in the value of USD 7.0 mln, while imports from India were USD 0.59 mln.

    Commodity - `870333 Motor cars and other motor vehicles principally designed for the transport of persons, incl. ...

    Rationale – For the month, imports of this product from the World were in the value of USD 7.0 mln, while imports from India were nil.

    Tariff and Non-Tariff Barriers to Trade:

    Import Tariffs: The tariff rate on imports averages a comparatively low 1.1% of the value of goods (for international trade), which is the lowest figure regionally and third lowest figure in the whole Emerging Europe region. Bosnia’s import tariffs are harmonised each year with the combined nomenclature of EU and legislative regulations.

    Anti-Dumping and countervailing duties: In 2009 Bosnia introduced a law for the protection of domestic products against imports from Croatia and Serbia. The law stipulates that safeguard measures were necessary owing to the influx of imports and the dumping of particular agricultural products from Croatia and Serbia, as well as a conceivable decrease in exports from Bosnia to Serbia.

    Customs and Non-tariff Barriers: As a result of BiH not having EU member status event though the majority of its trading partners are EU member states, export and import supply chains will face more onerous border and documentary times and costs when compared with those of EU states.

    The most salient risk is the high cost associated with import border compliance processes, which is higher than that of countries such as North Macedonia and contributes towards Bosnia’s status as regional under performer in relation to customs burdens. Businesses operating in BIH face a high import burden as infrastructural development, industrial capacity and diversification remains weak because of a dearth of fixed capital formation and a lack of political resolve in the country. Imports are driven by the country’s need for complex machinery and its energy requirements, such as oil and gas, as well as metals and manufactured goods that cannot be produced locally.

    To spur trade, Bosnia has exempted tariff payments from certain equipment that is being imported as part of share capital, with the exceptions of passenger vehicles and slot or gambling machines. To enjoy this benefit, foreign investors must submit a written request to the appropriate customs authority, along with evidence of the investment arrangement and registration of the foreign share. Alternatively, imports into one of Bosnia”s four free trade zones are exempt from customs duties and fees. These zones can be found at Vogosca, Visoko, Mostar and Holc Lukavac and clearly mitigate cost risks for businesses seeking to trade internationally with Bosnia.

    Bosnia has applied to join the EU, and accession would open up trade, investment and growth opportunities for the economy. The country has already made good strides in establishing free trade and preliminary agreements to speed up the process of EU accession although, political instability threatens the prospect of EU membership in the medium term. Bosnia is also currently discussing the possibility of the creation of a Western Balkans Customs Union with its South Eastern-Europe counterparts.

    Significant trends in trade and investment

    7601 Unwrought aluminium - The product group experienced a growth n the Jan-June

    period of 2020 over the same period of 2019 from Nil to USD 1.8 mln. It represents 6.1% of Imports from India to BiH.

    8414 Air or vacuum pumps (excluding gas compound elevators and pneumatic elevators and conveyors) - The product group fell back by 38.3% in the Jan-June period of 2020 over the same period of 2019 to USD 3.6 mln. It represents 11.7% of Imports from India to BiH.

    Hungary
    (Source : Embassy of India, Budapest)

    Potential products of imports from India

    Commodity - 851762 Machines for the reception, conversion and transmission or regeneration of voice, images or other data, incl. switching and routing apparatus (excl. telephone sets, telephones for cellular networks or for other wireless networks).

    Rationale - Hungary for the month imported this product from the World in the value of USD 127.0 mln, while imports from India to Hungary were USD 2.0 mln. 

    Commodity - 851712 Telephones for cellular networks "mobile telephones" or for other wireless networks.

    Rationale - Hungary for the month imported this product from the World in the value of USD 123.3 mln, while imports from India to Hungary were nil.

    Commodity - 854231 Electronic integrated circuits as processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits.

    Rationale - Hungary for the month imported this product from the World in the value of USD 116.7 mln, while imports from India to Hungary were USD 0.3 mln.

    Commodity - 847330 Parts and accessories of automatic data-processing machines or for other machines of heading 8471, n.e.s.

    Rationale - Hungary for the month imported this product from the World in the value of USD 112.51 mln, while imports from India to Hungary were USD 0.4 mln.

    Overview of General Barriers to FDI in Hungary:

    Regulatory barriers and administrative burden are affecting all sectors but particularly energy, construction, and banking: The overall administrative burden, including start-ups, negatively affects investment decisions. The instability of the regulatory framework, with frequent and unpredictable regulatory changes, creates uncertainty for investors and is hindering both internal investment and FDIs.

    The Hungarian government imposes a 100% offset requirement for defined sector investments over HUF 1bln (€2.8 mln). Efficiency of procedures in construction and environmental permitting is insufficient, while corruption raises risk for investors. There is no requirement that investors must purchase from local sources, but the EU Rule of Origin applies.

    Ownership restrictions (all non-EU)

    According to the 2014 Land Law, only private Hungarian or EU citizens resident in Hungary with a minimum of three years experience of working in agriculture or holding degree in agriculture can purchase farmland, which is limited to 300 hectares. All others may lease farmland. All farmland purchases must be approved by a local land committee and Hungarian authorities, local farmers and young farmers must be offered a chance to purchase the land first. Up to 1200 hectares for a maximum of 20 years may be leased.

    State intervention in Banking, energy, agriculture, media, telecommunications, and retail sectors.

    Since 2012 government has invested in state-owned enterprises with the objective of lessening the participation of foreign-owned competitors, especially in the energy sector. Recent additions from 1 Jan 2019 include the chemical industry, the telecom sector, vehicle construction, metallurgy, optics and electric equipment production, the defence industry, water and sewage management, the financial sector, food industry and agriculture, production of construction materials, state administration, health care, wage management, transport and tourism sectors. Foreign investors in the targeted sectors have expressed concerns that the tax regime has become unpredictable and the additional levies appear to have been aimed against some industries with a high level of foreign ownership.

    Basic Rules of the Protection Of Strategic Assets Concerning Foreign Investments

    The European Commission has issued Communication 2020/C 99 I/01 in which it has given guidance to the Member States of the EU concerning the protection of Europe’s strategic assets from the foreign direct investment, ahead of the application of Regulation (EU) 2019/452 (FDI Screening Regulation) which is applicable from 11 October 2020. Hungary first adopted FDI screening mechanisms by Act LVII of 2018 for FDIs violating the security interests of the country, then in the economic crisis caused by COVID-19, further screening rules were adopted for FDIs by Government Decree nr. 227/2020. (V.25.). According to the above, certain transactions concerning Hungarian-seated companies operated in strategic sectors by foreign investors shall be reported to the Minister of Finance and the acknowledgement of the Minister of Finance is necessary for the realisation of the acquisition of the shares until 31 December 2020. These transactions include the acquisition of shares, the increase of the registered capital and the transformation of the company. The strategic sectors specified by the Government Decree include energy, communication, finance, agriculture and food industry, healthcare, construction, transport industry, tourism, IT, mechanical engineering, etc. Those foreign investors that have shares in a company registered in the EU, European Economic Community or in Switzerland shall only report the transaction if majority interest will be acquired indirectly.

    Conversely, the foreign investors wishing to acquire shares in a Hungarian company directly has to report any transactions by which the foreign investor would acquire shares at a ratio of at least 10% and the value of the investment is at least 350 000 000 HUF (appx EUR 1 mln). The Minister of Finance has 45 days or in specific and duly justified cases 60 days to decide on the acknowledgement of the transaction. Should the Minister provide a negative decision, then the exact reason of the prohibition is not required to be mentioned. The review of the prohibiting decision can be initiated at the Metropolitan Court.

    Banking, agriculture, defence and energy The Hungarian government has publicly declared that reducing foreign bank market share in the Hungarian financial sector and tightening regulations governing NGOs are key priority areas. Several state-led initiatives over the past several years targeted the banking sector and reduced foreign participation.

    Significant trends in trade and investment

    Trade in Goods Hungarian imports from India

    Details of significant trend - 2933 Heterocyclic compounds with nitrogen hetero-atom(s) only.

    Analysis - The value of imports decreased by 13.4 % in the Jan-July period of 2020 over the same period of 2019 reaching USD 260.9 mln.

    Details of significant trend - 2933 Heterocyclic compounds with nitrogen hetero-atom(s) only.

    Analysis - The product group increased by 4.9% in the Jan-July period of 2020 over the same period of 2019 to USD 31.9 mln. It represents 12.2% of Imports from India to Hungary.

    Details of significant trend - 8473 Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of heading 8469 to 8472, n.e.s.

    Analysis - The product group fell back by 43.4% in the Jan-July period of 2020 over the same period of 2019 to USD 15.2 mln. It represents 5.8% of Imports from India to Hungary.

    Details of significant trend - 8411 Turbojets, turbopropellers and other gas turbines.

    Analysis - The product group increased by 24.3% in the Jan-July period of 2020 over the same period of 2019 to USD 10.5 mln. It represents 4.0% of Imports from India to Hungary. 

    Venezuela
    (Source : Embassy of India, Caracas)

    Potential products of exports for India

    Auto-parts - India is one of the top manufacturers of auto-parts in the world. Venezuela is in dire need of auto-parts for all kinds of vehicles.

    Oil and gas machinery and spare parts - Venezuela needs oil and gas industry machinery and spare parts to reactivate their oil industry. The Venezuelan oil industry uses machinery and parts which are US standards compliant, and India manufactures such items compliant with US standards at lower rates.

    Electric Steel - Venezuelan power generation industry requires an approximate of 5,326 metric tons of two grades of electric steel to be used in the recovery of 20,000 transformers in 2020.

    84% surge in Venezuelan crude oil stockpiles: According to media reports, Venezuelan crude inventories have surged 84% over the last three weeks as the threat of U.S. sanctions wards away buyers of the nation’s most important commodity. That raises the risk that state-run PDVSA will have to start shutting the production again. The port of Jose, the main gateway of the country’s oil exports, has been empty for a week as importers of Venezuelan crude including India’s Reliance Industries Ltd, Spain’s Repsol SA and Italy’s Eni SpA skipped oil purchases this month. The three companies last month took a combined 9.7 million barrels, accounting for more than half of September’s exports. Oil stored at the Jose terminal and nearby facilities known as upgraders almost doubled to 10.6 million barrels since the end of September, reversing a 3-month decline. At these levels, inventories are dangerously close to volumes that in the past have prompted the state oil company PDVSA to shut its wells because it didn’t have anywhere else to store its crude. While U.S. sanctions have crippled Venezuela’s oil export trade, socalled crude-for-diesel swaps between PDVSA and Asian and European refiners were permitted for humanitarian reasons. In September, Reliance bought 12 million barrels of Canadian oil, possibly a precursor to a more permanent shift away from Venezuela.

    TENDER INFORMATION

    Bangladesh Bangladesh
    (EEPC Ref. No. DB-2462)
    Project              

    Bangladesh Urban Resilience Project
    Loan No. : IDA-55990
    Project ID : P149493              

    DB Ref. No.  WB-P594600-11/20 
    Issued by 

    Abdul Latif Helaly, Project Director
    Urban Resilience Project: RAJUK Part
    RAJUK Commercial Complex cum Car Parking Building
    Gulshan 1, Dhaka 1212, Bangladesh
    Cell : +88-01730013947
    E-Mail : helalyrajuk@yahoo.com; pd.urp@uru.gov.bd 

    Bid No.  URP/RAJUK/G-24 
    For  Procurement of Equipment : Cutter Crane with 10 inch RCC Slab Cutting Capacity & 3.65 Ton Lifting Capacity. 
    Tender cost  Non-refundable fee of BDT 4,200.00 (Four Thousand Two Hundred Bangladesh Taka) or US$ 50.00 (Fifty US Dollar).
    The method of payment will be cash or pay order in favor of “Project Director, Urban Resilience Project: RAJUK Part”. 
    Bid Security  BDT 0.6 Million (Zero point Six Million Bangladesh Taka) or US$ 7,000 (Seven Thousand US Dollar). 
    Bid deadline  28.12.2020 
    GambiaGambia
    (EEPC Ref. No. DB-2463)
    Project              

    Gambia Electricity Restoration and Modernization Project
    Loan No. : IDAD3090
    Project ID : P163568              

    DB Ref. No.  WB-P594975-11/20 
    Issued by 

    National Water & Electricity Company Limited
    53, MamadyManiyang Highway
    Conference Room,  1st Floor
    P. O. Box 609
    Banjul, The Gambia
    Attn. : Mrs. HaddyNjie, Project Coordinator
    Tel. : +220 4375990
    Fax :  +220 4375990
    E-mail : hnjie@nawec.gm, mfsanyang@nawec.gm 

    Bid No.  GM-NAWEC-180789-GO-RFB 
    For  Supply of 30,000 Single – phase Smart AMI Prepayment Meters with Associated Accessories. 
    Tender cost  Non-refundable fee of US$ 300. The method of payment will be electronic transfer. The document will be sent by courier mail. 
    Bid Security  US$ 10,500.00. 
    Bid deadline  07.01.2021 
    Sierra Leone Sierra Leone
    (EEPC Ref. No. DB-2464)
    Project             

    Sierra Leone Agri-Business and Rice Value Chain Support Project
    Loan No. : 2100155040116
    Financing from the African Development Fund  (ADF)              

    DB Ref. No.  AfDB-P601269-11/20 
    Issued by 

    The Project Manager
    Sierra Leone Agribusiness & Rice Value Chain Support Project (SLARiS)
    Ministry of Agriculture and Forestry (MAF)
    1st Floor, West Wing Youyi Building, Brookfilelds
    Freetown, Sierra Leone
    Tel. : 232 76601493
    E-mail : henkuyembeh@yahoo.com 

    Bid No.  SLARIS/ICB/Field Equipt/03/20 
    For  Supply of Agricultural Field Equipment. 
    Tender cost  Non-refundable fee of US$ 100 or SLLe900,000.00.00. Payments hall be made by cash,
    cashier’s cheque or telegraphic transfer into Account No. 02-01-1017177414901  BBAN No.
    02-01-1011970 BBAN : 002001002101197079,  Swift Code : RCBKSLFR. 
    Bid Security  US$ 18,000.00 or SLLe176,400,000.00.  
    Bid deadline  18.12.2020 
    Source  UN Development Business Website 
    Bahrain Bahrain
    (EEPC Ref. No. MEED-3007)
    Tender No.                RFP/EWA/2020/36 (2020-162-RP-FRSD)                
    Tender for  Air-conditioning equipment maintenance 
    Tender details  Maintenance of air-conditioning equipment and systems for offices. 
    Bid bond  BD 4,000 
    Cost of tender documents  BD 100 
    Closing date  23.12.2020 
    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-3008)
    Tender No.             RFP/INT/CSD/2020/45 (IN/CSD/MM/2020/182)             
    Tender for  Cable cut-outs 
    Tender details  Supply of 280 cut-outs for cross-linked polyethylene (XLPE)-insulated cable. 
    Bid bond  BD 500 
    Cost of tender documents  BD 15 
    Closing date  30.11.2020 
    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 

    United Arab Emirates United Arab Emirates
    (EEPC Ref. No. MEED-3009)
    Tender No.               RFX-2122000153              
    Tender for  Desalination plant steel structure works 
    Tender details  Refurbishment of evaporator roof steel structures including insulation, cladding and vent pipe line
    modification in a desalination plant at G station, Jebel Ali. 
    Bid bond  AED 400,000 
    Cost of tender documents  AED 630 
    Closing date  20.12.2020 
    Issued by 

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

    Source  MEED.com website 
    MyanmarMyanmar
    (EEPC Ref. No. TN-21)
    Project               

    Greater Yangon Water Supply Improvement Project Phase 2
    Loan Agreement No. : MY-P19
    IFP No. : My-P 19 / PQ-02               

    Package No.   ICB-02 
    Issued by  

    U MyintZaw Than
    Head of Department
    Engineering Department (Water & Sanitation)
    Yangon City Development Committee
    No.390, 12-storey New Building
    Merchant Road, Botahtaung Township
    Yangon, Myanmar
    E-mail : kokkowa5@gmail.com 

    For 

    “Construction of Zone 9 and Pearl Service Reservoirs, Pumping Stations, and Transmission Pipeline from
    Kokkowa Water Treatment Plant to Hlaing River.”

    - Construction of Transmission Pipeline of Ductile Iron Pipe (DIP, DN 1600mm) from Kokkowa Water Treatment
    Plant to Hlaing River with total length of approx.. 28.2 km;

    - Construction of Zone 9 Service Reservoir having capacity of 52,300 m3 (11.5MG) with Pumping Station, including
    Mechanical and Electrical equipment of Transmission Pumps for Zone 1 (70.5 m3/ min) and Distribution Pumps for
    Zone 9 (82.1 m3/min), Sub Power Station, Generator System and SCADA System for Pump and DMA;

    - Construction of Pearl Service Reservoir having capacity of 39,550 m3 (8.7MG) with Pumping Station, including
    Mechanical and Electrical equipment of Distribution Pump for Zone 1 High Subzone (47.4 m3/min), Sub Power
    Station, Generator System and SCADA System for Pump and DMA;

    - Construction of operation buildings including accommodation building, generator house, security house and
    associated facilities and landscaping in the reservoir Sites.

    Tender Cost   Non-refundable fee of MMK 50,000 (Fifty thousand Myanmar Kyat). Payment shall be by cash or online. 
    Deadline  28.12.2020 
    For further details, please contact 

    HtetHtet San
    Commerce Wing
    Embassy of India
    Yangon
    Tel. : +95-1-391219, +95-1-388412
    E-mail : comnewsyangon@gmail.com 

    Source  Embassy of India, Yangon 
    MyanmarMyanmar
    (EEPC Ref. No. TN-22)
    Project           

    Greater Yangon Water Supply Improvement Project Phase 2
    Loan Agreement No. : MY-P19
    IFP No. : My-P 19 / PQ-03              

    Package No.   ICB-03 
    Issued by  

    U MyintZaw Than
    Head of Department
    Engineering Department (Water & Sanitation)
    Yangon City Development Committee
    No.390, 12-storey New Building
    Merchant Road, Botahtaung Township
    Yangon, Myanmar
    E-mail : kokkowa5@gmail.com 

    For 

    “Construction of Transmission Pipeline from Hlaing River to Kokkine and Pearl Service Reservoirs including
    Hlaing River Crossing.”

    - Construction of Transmission Pipeline of Ductile Iron Pipe (DIP, DN 1600mm) from Hlaing River to Kokkine
    and Pearl Service Reservoirs with total length of approx.. 10.7km, including pipe jacking for railway crossing
    (DN 1600mm ×L = 20.0m);

    - Hlaing River crossing by Micro-tunneling method with length of approx..  0.545km. 

    Tender Cost   Non-refundable fee of MMK 50,000 (Fifty thousand Myanmar Kyat). Payment shall be by cash or online. 
    Deadline  28.12.2020 
    For further details, please contact 

    HtetHtet San
    Commerce Wing
    Embassy of India
    Yangon
    Tel. : +95-1-391219, +95-1-388412
    E-mail : comnewsyangon@gmail.com 

    Source  Embassy of India, Yangon 

    Domestic Information

    PUBLIC NOTICE

    Dated 12 November, 2020

    Trade Notice No. 34/2020-21



    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. 34/2020-21, dated 12th November, 2020 regarding New Foreign Trade Policy - inviting suggestions. The above Trade Notice has already been hosted in our Website (http://www.eepcindia.org/download/201112142241.pdf) for information of our Members.
    Dated 12 November, 2020

    Trade Notice No. 35/2020-21



    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. 35/2020-21, dated 12th November, 2020 regarding Migration of AA/EPCG/DFIA Online modules to the new IT environment from 1st December 2020 and non-availability of license amendment services from 20th November 2020 to 30th November 2020. The above Trade Notice has already been hosted in our Website (http://www.eepcindia.org/download/201112142331.pdf) for information of our Members.
    Dated 12 November, 2020

    Notification No. 106/2020-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. 106/2020-Customs (N.T.), dated 12th November, 2020 regarding Exchange rate Notification No.106/2020-Cus (NT) dated 12.11.2020. The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/201114203607.pdf) for information of our Members.
    Dated 13 November, 2020

    Notification No. 107/2020-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. 107/2020-Customs (N.T.), dated 13th 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/201114203648.pdf) for information of our Members.

    STEEL PRICES

    Steel Market Current Report

    Mandi Gobindgarh
    Open Market Rates of Rerollables (November 14, 2020)

    (Exclusive of GST) (Trade Terms 1% Cash Discount) (Rate Rs. per Tonne)
    Ingot
    Arc/Ind. Furnace
    Round quality (21x25) 34,700
    Structural quality (28x30) 34,900
    Low carbon (12x16) -
    Semi low carbon (18x21) 34,850
    5x6 Girder quality (25x30) -
    Runners/Risers 34,500
    Bones/Clean -
    Billets & Squares  
    50x50x63x63x65x65 mm MS -
    75x75x80x80x90x90 mm MS 34,900
    100x100 mm MS2 35,000
    125x125 mm MS/ Concast -
    100x100 mm Concast-Billets 35,300
    100x100 Concast-SAIL DSP 35,300
    H.C. Billet SAIL 150x150 mm) -
    H.C. Billet-Tisco 75x75 mm) -
    Blooms  
    Above 251 mm Bloom (HC) 31,700
    Above 251 mm Bloom (MS) 31,700
    (DSP) Bloom 160x250 mm 31,700
    130/135/140 mm (Tisco) MS -
    150x150 mm Concast (DSP) 34,700
    150x150 mm MS (SAIL) 34,900
    Bloom Cut into pcs. (MS) 34,900
    Bloom Cut into pcs. (Medium) 35,000
    Bloom Cut into (Patra Pass) 35,000

    Slabs  
    Durgapur Slabs 14"x3" -
    Durgapur Slabs -
    Bokaro Slab Heavy -
    Tata Concast Slab (Heavy) -
    Skelp Tisco -
    Rails  
    Untested Rail - 75 lbs. 24,700
    Untested Rail - 90 lbs. 24,700
    Untested Rail - 105 lbs. 24,700
    Rej. Wheel (Small) 24,700
    Cut Tyre (Big) 31,600
    Cut Tyre (Small) 25,600
    Melting Scrap (F.O.R.)  
    Fresh Scrap (Rolling Mill End)  25,700
    Old Scrap (Godown) 21,900
    Turning 21,100
    Tin Tapper 23,200
    Mill Scale 18,200
    Sponge Iron 21,400
    Pig Iron (F.O.R.)  
    Foundry Grade 30,400
    Steel Grade 23,100
    C.I. Turning 16,100
    Degi Scrap 23,500
    Deg Casting 35,900
    Ingot Moulds (Old) 22,500
    Ingot Moulds (New) 34,700
    Cut Ingot Moulds 21,400
    Open Market Rates of Finished Goods (November 14, 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 4430
    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 4490 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 14, 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