engineering export bulletin engineering the future
  • EEPC India run Indian Engineering Pavilion at ITME Africa 2020 on 14 - 16 February, 2020 in Addis Ababa, Ethiopia. Inaugural speech given by Dr. Rajat Srivastava, Regional Director (WR) & Director (Marketing & Sales), EEPC India addressing at the Inaugural session of the Event. On the Dais (L to R) Mr. S. Hari Shankar, Chairman, India ITME Society; H.E. Mr. Anurag Srivastava, Ambassador of India to the Federal Democratic Republic of Ethiopia; H.E. Ms. Dorothy Tembo, Executive Director, International Trade Centre, United Nations, Geneva; The Chief Guest, H.E. Mr. Teka Gebreyesus, Hon`ble State Minister, FDRE, Ministry of Trade Industry, Ethiopia; and Eng. Melaku Ezezew, President, Ethiopian Chamber of Commerce and Sectors Association
  • Meeting at Embassy of India in Ethiopia where Mr. S. Hari Shankar, Chairman, India ITME Society ((3rd from left) and (to his left) H.E. Mr. Anurag Srivastava, Ambassador of India to the Federal Democratic Republic of Ethiopia are seen with Dr. Rajat Srivastava, Regional Director (WR) & Director (Marketing & Sales) (3rd from right) and (to his left) Mr. Sunny Bose, Deputy Director, EEPC India along with other dignitaries
  • Dr. Rajat Srivastava, Regional Director (WR) & Director (Marketing & Sales) and Mr. Sunny Bose, Deputy Director, EEPC India meets The Chief Guest, H.E. Mr. Teka Gebreyesus, Hon`ble State Minister, FDRE, Ministry of Trade Industry, Ethiopia in EEPC India Booth
  • Dr. Rajat Srivastava, Regional Director (WR) & Director (Marketing & Sales), EEPC India presenting a memento to H.E. Mr. Demeke Atnafu Ambulo, the Consulate General of Ethiopia in Mumbai at ITME Africa 2020 on 14 - 16 February, 2020 in Addis Ababa, Ethiopia. Mr. Sunny Bose, Deputy Director, EEPC India also seen
  • Mr. Sudhakaran C.K. Nair, Deputy Director, EEPC India (SRO), Ahmedabad (far left) showing presentation and interacting with the new members held on 14th February, 2020 in Ahmedabad
  • Delegates from Michigan in the U.S.A visited and met the officials at EEPC India RO Chennai on 4th February, 2020. Mr. S Rajagopalan, Sr. Deputy Director, EEPC India and Mr. Karthik Selvaraj, Sr. Executive Officer, EEPC India were present

ENGINEERING EXPORT INFO-BULLETIN | VOL. 22 | ISSUE NO. 08 | FEBRUARY 24, 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

  • Public Notice No. 64/2015-2020 - Amendment of Para 2.54 (d)(v)iv in Handbook of Procedures, 2015-2020.
  • Trade Notice No. 51/2019-20 - One-time relaxation for submission of hard copy of applications for claiming assistance under TMA for Specified Agriculture Products Scheme.
  • Notification No. 15/2020 - Customs (N.T.) - Exchange Rates Notification No.15/2020-Custom (NT) dated 20.02.2020.
  • Notification No. 16/2020-Customs (N.T.) - Transportation of goods (Through Foreign Territory) Regulations, 2020.
  • Circular No. 14/2020-Customs - Transportation of goods (Through Foreign Territory) Regulations, 2020.
  • A.P. (DIR Series) Circular No. 21 - Exim Bank`s Government of India supported Line of Credit of USD 11.13 million to the Government of the Republic of Suriname.
chairman

My dear fellow exporters,

A prolonged prevalence of the Coronavirus contagion in China could adversely impact India’s trade and economy as it has become highly dependent on its Northern neighbour. In 2002-03, India’s total trade with China stood at a paltry $4.8 billion which has now expanded more than 18 times to $87 billion in 2018-19. In terms of engineering India’s total trade with China was $ 22.1 billion in 2018-19.

As a result of the Coronavirus outbreak, the sectors which will be adversely affected are ferrous and non-ferrous sectors, consumer durables, auto components etc.  The crisis is now across the value chain.

If dwindling imports have led to a crisis situation across many sectors, some in exports are expected to benefit. India will now be looked upon as an alternative supplier due to disruption in global supply chain due to COVID-19.

We have already sent a series of emails to our members mentioning business opportunities in some important market. We, therefore request our members to explore these opportunities. In this difficult time it is also our duty to support the collective global effort to mitigate disruption in global supply chains by increasing supplies of products where we have available capacity. 

 

Ravi Sehgal 

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

Switzerland
(Source : Embassy of India, Berne)

Potential products of imports from India

Telephones for cellular networks "mobile telephones" or for other wireless networks

[HS Code 8517.12]

Rationale - Comparison between India’s exports to the world, India’s export to Switzerland and Switzerland’s imports from the world at 6 digit HS Code in December 2019.

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).

Rationale - Comparison between India’s exports to the world, India’s export to Switzerland and Switzerland’s imports from the world at 6 digit HS Code in December 2019.

Heterocyclic compounds with nitrogen hetero-atom[s] only, n.e.s. [HS Code 2933.99]

Rationale - Comparison between India’s exports to the world, India’s export to Switzerland and Switzerland’s imports from the world at 6 digit HS Code in December 2019.

Transport (Energy/ Renewable)

Rationale - Switzerland is expanding its green energy basket, thus providing complementarity with India’s trade and investment basket in this sector.

The Embassy of India, Berne, organised an India Business Information Center in Zurich on 4th and 18th January, 2020 which focused on promoting and disseminating information regarding business opportunities in India among Swiss companies and entrepreneurs. India Business Information Center in Zurich, also facilitates the MISSP (Momentum in India: Swiss SMEs Program), which the Mission is currently executing.

The Indian participation in WEF was led by CIM Shri Piyush Goyal. State delegations from Karnataka, Madhya Pradesh, Punjab and Telangana participated. The following lounges were setup in Davos: India Lounge; Karnataka Lounge; Madhya Pradesh Lounge; and Telangana Lounge. Lounge set up by private sector included: Wipro; TCS; Infosys; HCL.

Trade in Goods –

The total export products to Switzerland from India registered a decrease of -20% (USD Million 144) in December 2019, as compared to November 2019 (180 USD million).

However, the increase in exports in December 2019 was particularly seen in the field - Heterocyclic compounds with nitrogen heteroatom[s] only, n.e.s. [HS Code 2933.99]; Halogenated, sulphonated, nitrated or nitrosated derivatives of ketones or quinones (excl. chlordecone [ISO] and inorganic or organic compounds of mercury) [HS Code 2914.79]; Diamonds, worked, but not mounted or set (excl. industrial diamonds) [HS Code 7102.39];Heterocyclic compounds with nitrogen hetero-atom[s] only, containing an unfused pyridine ring, whether or not hydrogenated, in the structure, n.e.s. [HS Code 2933.39 ] ; and Amino-naphthols and other amino-phenols, their ethers and esters (excl. those containing > one kind of oxygen function; amino hydroxyl naphthalene sulphonic acids and their salts) [HS Code 2922.29].

The total import from Switzerland to India registered a decrease of -36.37% (USD 992 Million) in December 2019, as compared to November 2019 (USD 1559 million). The increase in imports was particularly seen in the field of Cyclic amides, incl. cyclic carbamates, and their derivatives; salts thereof (excl. ureines and their derivatives, salts thereof, 2-acetamidobenzoic acid "Nacetylanthranilic acid" and its salts and ethinamate "INN") [HS Code 2924.29];Static converters [HS Code 8504.40]; Boards, panels, consoles, desks, cabinets, incl. numerical control apparatus, and other bases equipped with two or more apparatus of heading 8535 or 8536, for electric control or the distribution of electricity, incl. those incorporating instruments or apparatus of chapter 90, for electric control or the distribution of electricity for a voltage =< 1000V [HS Code 8537.10]; and Instruments and apparatus for physical or chemical analysis, or for measuring or checking viscosity, porosity, expansion, surface tension or the like, or for measuring or checking quantities of heat, sound or light, n.e.s.[HS Code 9027.80].

Analysis - Both Export and Imports between India and Switzerland have been rising with India’s trade with Switzerland from January-December 2019 accounted for 3.41% of Switzerland’s total trade.

Trade in Service –

The Service-related data is available on the Swiss side only on quarterly basis. In comparison to the 2nd quarter of 2019, in the 3rd quarter of 2019, the Services exports from India to Switzerland saw increase in Financial Services (69.8%) followed by Telecommunications, computer and information services (10.4%). The Services imports from Switzerland saw increase in: Financial Services (32.9%); and Telecommunications, computer and information services (8.8%). Overall the Services trade was in favour of India.

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 September 2019 stood at USD 4781.37 million, making 1.07% of the total FDI Equity inflow. As per RBI figures, the total ODI from India to Switzerland during December 2019 was USD 124.74 million compared to USD 204.25 million in November 2019.

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.

Investments

Endress+Hauser to invest INR 200 crore for expansion of Aurangabad facility: On 03 Jan. 2020, Endress+Hauser Flowtec India`s President and Director K Kumar reported that Swiss measurement instrumentation, services and solutions for industrial process engineering company Endress+Hauser, is expanding their unit in Waluj, Aurangabad and invest INR 200 crore over the next five years. The expansion will create 70 new jobs in addition to the 130 people Endress+Hauser already employs, along with 600 jobs which will be created indirectly. Endress+Hauser currently has a turnover of INR 350 crore per annum and is targeting to increase it to Rs 1,000 crore. Endress+Hauser Chief Executive Bernd Josef-Schaefer said that the company is expecting a 10 per cent growth in India business every year as the economy of India is strong. Endress+Hauser Flowtec manufactures flowmeters for liquids, gas and steam.

DKSH opened new master distribution center in Mumbai: On 13 Jan. 2020, Swiss Market Expansion Service Group DiethelmKellerSiberHegner (DKSH) based in Zurich, opened a new stateof-the-art distribution center in response to the increased demand for its Market Expansion Services and the rapidly growing economy in Bhiwandi, Thane District, Mumbai India. DKSH’s newest distribution center is fully certified and ensures compliance with Indian laws for the storage condition of chemicals and food ingredients. The center is primarily focused on supplying ingredients and specialty chemicals to customers in the food and beverage, personal care, pharmaceutical and specialty chemicals industries throughout western India.

Lausanne based company IFCHOR company established IFCHOR (India) Private Limited in Mumbai: On 28 Jan. 2020, Swiss commercial shipping services company IFCHOR based in Lausanne reported to established the formation of IFCHOR (India) Private Limited which will be represented by Mr Dripto Chatterjee. Co-CEO of IFCHOR, Manu Ravano, commented that “this is an important step in IFCHOR’s global growth and development building further on the success of our Middle East & Asia offices. I am confident our new presence in India will strengthen even more our reach of broking services & coverage. It is also a clear commitment to clients located in the region”.

Venezuela
(Source : Embassy of India, Caracas)

Potential products of exports for India

Pharmaceutical products - Venezuelan pharmaceutical industry is severely affected by the lack of private investment and relies heavily on the imports for drugs and pharmaceuticals. India is one of the leading manufacturers and exporters of pharmaceuticals in the world and enjoys acceptance in the Venezuelan market due to its quality and competitive prices. 

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.

Raw materials for plastic - Local plastic industry is operating at 20% capacity due to shortages of raw materials that affect productivity. The industry is currently importing materials from Brazil and Colombia, which have been found to be expensive by them.

Cargo vessel from India supplied three days’ worth of fuel for the east of Venezuela: A cargo vessel from India carrying 190,000 barrels of fuel arrived at a PDVSA refinery in Puerto La Cruz, during the first week of January. Reports indicate that this fuel was sufficient for supplying for three days the petrol stations in Anzoategui.

Venezuela oil exports accelerate, India awaits cargoes: According to media reports, Venezuela kicked off the new year with at least 730,000 bpd of crude exports, led by several India-bound cargoes. In the first half of January, a half dozen tankers loaded at PDVSA Jose terminal, the most recent being the Maltese-flagged VLCC Lucky Trader carrying heavy sour Merey blend and expected to arrive at Indian Reliance`s 1.36 million bpd Jamnagar refinery on 19 February 2020. The cargo came from the PetroMonagas joint venture between Venezuela`s state-owned PDVSA and Russian state-controlled partner Rosneft. At least two more VLCCs departed to India from Jose, including the Liberian-flagged Boston carrying diluted Orinoco crude (DCO) lifted by Italy`s Eni and due at India`s Sikka terminal for Reliance on 8 February 2020, and the Greek-flagged Maran Libra carrying Merey lifted by Rosneft and due in India on 21 February 2020. Rosneft lifted another 3.9 million bpd of Merey aboard the Maran Triton and Maran Cygnus since 1 January 2020. The Russian firm routinely ships Venezuelan cargoes to its 400,000 bpd Vadinar refinery in India.

Indian buyers of Venezuela oil vow compliance as US sanctions hit Rosneft: According to media reports, Indian conglomerate Reliance Industries is studying the impact of the newly imposed U.S. sanctions on a unit of Russia’s Rosneft over trade of Venezuelan crude oil, and will make sure that its purchases from Venezuela comply with the U.S. regulations.  “Reliance will continue its direct communications with the U.S. Government to ensure that Reliance’s purchases of Venezuelan oil after the Rosneft Trading SA (RTSA) sanctions are both compliant with U.S. sanctions and consistent with U.S. policies regarding Venezuelan oil sector,” the Indian company said in a statement. Earlier in February, the U.S. warned companies doing business with Venezuela, including Reliance, Rosneft, and even Chevron, to “tread cautiously towards their activities in Venezuela,” because more sanctions on Maduro’s regime would be coming.  Reliance said that its purchases of oil from Venezuela are being reported to Washington and are being allowed. Nevertheless, the Indian refiner reiterated that “In its dealings with Rosneft and otherwise, Reliance will continue to act in compliance with U.S. sanctions and policy guidelines”.

TENDER INFORMATION

Mongolia Mongolia
(EEPC Ref. No. DB-2414)
Project                

Upscaling Renewable Energy Sector Project
Loan No. : 3708/0610- MON
Financing from ADB             

DB Ref. No.  ADB-P487959-02/20 
Issued by 

Ministry of Energy (c/o Project Management Unit)
Room No. 507, White Gate Center
3rd Khoroo, Khan-Uul District
Ulaanbaatar, Mongolia
Attn. : Ms. Zultsetseg Davaanyam,
Procurement Officer
Tel. : (+976) 7710 5007
Fax : (+976) 7710 2007
E-mail : srep@energy.gov.mn 

Contract No.  A2 
For 

Engineering, Procurement and Construction (EPC) contract for 10MW Altai solar PV and hybrid system of Altai soum.

Tender cost 

Non-refundable fee of US$ 300.00 paid by direct deposit to below account :

Account name : Ministry of Finance /100900011855/
Account No. : 340101868003
Beneficiary’s bank State bank of Mongolia, Ulaanbaatar, Mongolia
SWIFT code : STBMMNUB

Correspondent bank Kookmin bank
Country : Seoul, South Korea
SWIFT code : CZNBKRSE
Account No. : 7968USD019

Intermediary bank for Kookmin bank-Wells Fargo bank
Country : United States America
SWIFT code : PNBPUS3NNYC

No liability will be accepted for lost or late delivery.  
Bid deadline  27.03.2020 
MyanmarMyanmar
(EEPC Ref. No. DB-2415)
Project            

Power Network Development Project
Loan No. : 3748-MYA
Financing from ADB              

DB Ref. No.  ADB-P487953-02/20 
Issued by 

Department of Power Transmission and System Control (DPTSC)
Material Planning Department (DPTSC)
Building No. 27, Nay Pyi Taw, Myanmar
Tel. : 95 67 8104286
Fax : 95 67 81042886
Email:  dg.dptsc@moee.gov.mm;
sedesignptp.mepe@gmail.com;
dirdesign.ptp@gmail.com;
dd1ptp.dptsc@moee.gov.mm;
dir1ptp.dptsc@moee.gov.mm 

Package No.  (2) – 47(T) DPTSC(PTP)/(2019-2020) 
For  Design, Supply, Installation and Commissioning of 230 kV Ye and Dawei Substations and Extension of
230 kV Mawlamyine Substation. 
Tender cost  Non-refundable fee of purchase order (bank draft) in Myanmar Kyats equivalent to US$ 100.  
Bid deadline  02.04.2020 
Source  UN Development Business Website 
Kuwait Kuwait
(EEPC Ref. No. MEED-2865)
Tender No.                MEW/21/2019/2020            
Tender for  Transformer station batteries 
Tender details  Replacement of damaged alkaline batteries at various main transformer stations. 
Bid bond  KD 23,000 
Cost of tender documents  KD 1,000 
Closing date  24.03.2020 
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 

Kuwait Kuwait
(EEPC Ref. No. MEED-2866)
Tender No.               MEW/7242/2016               
Tender for  Overhead line materials 
Tender details  Supply of various materials for 11kV overhead lines. 
Bid bond  KD 6,000 
Cost of tender documents  KD 300 
Closing date  24.03.2020 
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 
 
Kuwait Kuwait
(EEPC Ref. No. MEED-2867)
Tender No.               MEW/99/2017/2018             
Tender for  Overhead power lines 
Tender details  Repair and installation of 11kV medium-tension overhead power lines and carrying out associated
civil works in the north. 
Bid bond  KD 45,000 
Cost of tender documents  KD 1,000 
Closing date  29.03.2020 
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
 
Kuwait Kuwait
(EEPC Ref. No. MEED-2868)
Tender No.              MEW/7246/2016               
Tender for  Electricity distribution oil transformers 
Tender details  Supply of 11/433kV electricity distribution oil transformers. 
Bid bond  KD 100,000 
Cost of tender documents  KD 3,500 
Closing date  29.03.2020 
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
 
United Arab Emirates United Arab Emirates
(EEPC Ref. No. MEED-2869)
Tender No.                   RFX-2052000011                  
Tender for  Transformers 
Tender details  Supply of low-voltage current transformers. 
Bid bond  5 per cent of tender price 
Cost of tender documents  AED 1,050 
Closing date  16.03.2020 
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 

United Arab Emirates United Arab Emirates
(EEPC Ref. No. MEED-2870)
Tender No.              RFX-2122000009             
Tender for  Substation cable trays and kiosks 
Tender details  Replacement of rusted cable trays and marshalling kiosks at a 400kV GSTA. 
Bid bond  5 per cent of tender price 
Cost of tender documents  AED 630 
Closing date  19.03.2020 
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 

Domestic Information

PUBLIC NOTICE

Dated 20 February, 2020

Notification No. 15/2020-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. 15/2020-Customs (N.T.), dated 20th February, 2020 regarding Exchange Rates Notification No.15/2020-Custom (NT) dated 20.02.2020. The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/200221175856.pdf) for information of our Members.
Dated 21 February, 2020

Notification No. 16/2020-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. 16/2020-Customs (N.T.), dated 21st February, 2020 regarding Transportation of goods (Through Foreign Territory) Regulations, 2020. The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/200224112604.pdf) for information of our Members.
Dated 21 February, 2020

Circular No. 14/2020-Customs



Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, Government of India, New Delhi has issued a Circular No. 14/2020-Customs, dated 21st February, 2020 regarding Transportation of goods (Through Foreign Territory) Regulations, 2020. The above Customs Circular has already been hosted in our Website (http://www.eepcindia.org/download/200224112704.pdf) for information of our Members.
Dated 19 February, 2020

Public Notice No. 64/2015-2020



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. 64/2015-2020 dated 19th February, 2020 regarding Amendment of Para 2.54 (d)(v)iv in Handbook of Procedures, 2015-2020. The above Public Notice has already been hosted in our Website (http://www.eepcindia.org/download/200221175700.pdf) for information of our Members.
Dated 21 February, 2020

Trade Notice No. 51/2019-20



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. 51/2019-20, dated 21stFebruary, 2020 regarding One-time relaxation for submission of hard copy of applications for claiming assistance under TMA for Specified Agriculture Products Scheme. The above Trade Notice has already been hosted in our Website (http://www.eepcindia.org/download/200221175811.pdf) for information of our Members.

EXPORT FINANCE

Dated 20 February, 2020

RBI/2019-20/162
A.P. (DIR Series) Circular No. 21




The Reserve Bank of India, Mumbai has issued A.P. (DIR Series) Circular No. 21, dated 20thFebruary, 2020 regarding Exim Bank`s Government of India supported Line of Credit of USD 11.13 million to the Government of the Republic of Suriname. The above Circular has already been hosted in our Website (http://www.eepcindia.org/download/200221175953.PDF) for information of our Members.

STEEL PRICES

Steel Market Current Report

Mandi Gobindgarh
Open Market Rates of Rerollables (February 22, 2020)

(Exclusive of GST) (Trade Terms 1% Cash Discount) (Rate Rs. per Tonne)
Ingot
Arc/Ind. Furnace
Round quality (21x25) 31,400
Structural quality (28x30) 31,400
Low carbon (12x16) -
Semi low carbon (18x21) 31,350
5x6 Girder quality (25x30) -
Runners/Risers 31,500
Bones/Clean -
Billets & Squares  
50x50x63x63x65x65 mm MS -
75x75x80x80x90x90 mm MS 31,600
100x100 mm MS2 31,600
125x125 mm MS/ Concast -
100x100 mm Concast-Billets 31,700
100x100 Concast-SAIL DSP 31,700
H.C. Billet SAIL 150x150 mm) -
H.C. Billet-Tisco 75x75 mm) -
Blooms  
Above 251 mm Bloom (HC) 28,200
Above 251 mm Bloom (MS) 28,200
(DSP) Bloom 160x250 mm 28,200
130/135/140 mm (Tisco) MS -
150x150 mm Concast (DSP) 31,200
150x150 mm MS (SAIL) 31,200
Bloom Cut into pcs. (MS) 32,200
Bloom Cut into pcs. (Medium) 31,400
Bloom Cut into (Patra Pass) 31,400

Slabs  
Durgapur Slabs 14"x3" -
Durgapur Slabs -
Bokaro Slab Heavy -
Tata Concast Slab (Heavy) -
Skelp Tisco -
Rails  
Untested Rail - 75 lbs. 25,900
Untested Rail - 90 lbs. 25,900
Untested Rail - 105 lbs. 25,800
Rej. Wheel (Small) 25,800
Cut Tyre (Big) 32,700
Cut Tyre (Small) 26,700
Melting Scrap (F.O.R.)  
Fresh Scrap (Rolling Mill End)  26,000
Old Scrap (Godown) 22,100
Turning 21,200
Tin Tapper 23,600
Mill Scale 18,400
Sponge Iron 21,600
Pig Iron (F.O.R.)  
Foundry Grade 30,400
Steel Grade 23,100
C.I. Turning 16,000
Degi Scrap 23,500
Deg Casting 36,000
Ingot Moulds (Old) 22,600
Ingot Moulds (New) 34,700
Cut Ingot Moulds 21,500
Open Market Rates of Finished Goods (February 22, 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 4280 4300 4300 4310 4270 4370 4450 4310
Zindi Pass (Drawing) - - - 4300 4370 4370 4470 4470

                  Above rates of 6 mm rounds are of length up to 14’ Above 18’ = 4340

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    4400 4400  4450     4450 4460 4470 4350
M. S. Squares 4 mm 5 mm 6 mm 8 mm 10 mm 12 mm 16/20 mm 22/25 mm
Mild 4500
4500
4470
4530
4530
4530
4470
4460
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 4320 4280 4330 4400 4400 4470 - - - - -
5 mm 4170 4280 4400 4400 4470 4500
4400 - - -
6 mm 4360 4360 4400 4400 4470 4500 4490 - - -
8 mm - - 4370 4470 4470 4490 4490 - - -
10 mm - - 4370 4470 4470 4490 4550 4490 - -
12 mm - - 4370 4470 4150 4470 4480 - 4570

-

16 mm - - 4370 4470 4480 4470 4550 - - -
M. S. Flats 20 mm 25 mm 32 mm 40 mm 50 mm 65 mm 75 mm 100 mm
3 mm 4280 4270 4280 4310 4410 4370 - -
5 mm 4280 4270 4280 4280 4510 4570 4510 4510
6 mm 4310 4340 4280 4280 4430 4560 4510 4510
8 mm 4160 4280 4380 4520 4490 4510
10 mm - - 4150 4280 4380 4520 4490 4490
12/25 mm - - 4150 4280 4380 4520 4490 4490
18/19 Gauge 4130 4210 4360 4280
4380 4490 4490 4490

[Prices at other stockyards may vary]                                          Source : Steel Town (Weekly), February 22, 2020]

EEPC INDIA OFFICE BEARERS

CHAIRMAN SR. VICE CHAIRMAN  VICE CHAIRMAN

Ravi Sehgal 
Tel.: 91-33-2287-2256/8229/2290 
Fax : 91-33-2287-9938
E-mail : ravisehgal5@gmail.com

 

 

Mahesh K Desai
Tel.: 91-40-27617098/5131 (O)
91-40-27765793 (R)
Fax : 91-40-27614376
E-mail : desai.mahesh64@gmail.com
              hyd1_meera@bsnl.in

 

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