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Press Releases

Press Releases

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Published by yagay
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Published by: yagay on Mar 11, 2013
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Press Releases
 
Embargo for Release on Sunday, February 19, 2012 - ASSOCHAM calls for drawback benefitsin SEZs against payment in rupees
Saturday, February 18, 2012
 For encouraging special economic zone (SEZ) units to procure from domestic suppliers and ensure that they areable to maintain export competitiveness, industry body ASSOCHAM today called for duty drawback facility to beextended for supplies even if the payment is made in Indian rupees.Exporters are currently entitled for duty drawback benefit only if exports are made in freely convertible currency.However, reimbursement of duties is available in case of supply to SEZ developer or co-developer even if thepayment is realised in rupees.Some manufacturers in SEZs prefer to source some of their inputs from the domestic tariff area (DTA) whensuppliers are competitive and can adhere to stringent global standards, instead of duty free imports that they arepermitted, said The Associated Chambers of Commerce and Industry of India (ASSOCHAM).When inputs are sourced domestically, they are not affected by movements in foreign currency. The realisationsbecome volatile if sales are denominated in foreign currency due to fluctuating exchange rates.
 “Inputs sourced domestically should be encouraged by
the government since the country saves foreign exchangeinvolved in import of goods which the SEZ would have resorted to in the absence of appropriate domestic
supplies,” said secretary general D.S. Rawat in communication to the finance ministry.
 Despite these obvious benefits, supplies made by DTA units to SEZ units against rupee payments are not eligiblefor drawback benefits.There are 124 SEZs in India and most of them are concentrated in Andhra Pradesh, Tamil Nadu, Karnataka,Kerala, Maharashtra and Gujarat.Exports out of SEZs in 2010-11 moved up over 43 per cent over previous year to Rs 3.16 lakh crore. Nearly 6.77lakh workers are directly employed in these zones that have attracted investments worth Rs 2.03 lakh crore. Thegovernment allows 100 per cent foreign direct investment through automatic route.
 
Press Releases
 
Keep paper, paperboards in negative list while signing FTAs: ASSOCHAM
Friday, February 17, 2012
 Industry body ASSOCHAM today urged the government to protect the paper and paperboard industry by keepingits products in the negative list while signing bi-lateral and multi-lateral trade treaties.In various free trade agreements that India plans to sign in future, the import duty is sought to be reduced in aphased manner. The
industry’s output is used in educational, printing and packaging sectors.
 It is important to keep paper and paperboard industry belonging to the core sector outside the ambit of FTAs andrecognise it as sensitive deserving special treatment, said The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
 “The paper and paperboard industry has made significant investments to ramp up capacities for meeting domesticrequirements,” said secretary general D.S. Rawat. “It has strong backward linkages w
ith the farming community
from whom wood (the raw material) is sourced,” he said in communication to the ministry of commerce and
industry.About five lakh farmers are engaged in growing plantations of eucalyptus and subabul over 10 lakh hectares. Onthe other hand, economic slowdown in developed countries and export-dependent economies has led to excesscapacity.Taking advantage of low customs duty rate of ten per cent, these countries find India as an attractive outlet for
diverting their excess inventory, said Mr Rawat. “Increased imports are severely impacting the economic viability
of many paper mills in India
.” 
 To provide a level-playing field to the domestic industry, the customs duty for import of paper and paperboardsshould be increased and this category kept in the negative list with no preferential treatment in bi-lateral andmulti-lateral trade treaties and agreements, he said.
 
Press Releases
 
Logistic bottlenecks hampering supplies for steel industry: ASSOCHAM
Sunday, February 05, 2012
 Apex chamber ASSOCHAM today voiced concern over poor logistics infrastructure for supply of iron ore and coalfor the steel industry, and said slurry pipelines should be included in the list of industries with infrastructure statusto address bulk transportation needs of the sector.Moving iron ore and coal by pipelines in slurry form has advantages like low operating costs, higher availabilityand environment friendly. Existing railway lines are almost reaching a saturation point, said The AssociatedChambers of Commerce and Industry of India (ASSOCHAM).
 “While augmenting railways infrastructure is important,
slurry pipelines may eventually re-invent raw material
transportation for the iron and steel industry,” it said in recommendations for the National Steel Policy being
formulated. In 2008 the Planning Commission included pipelines for water and oil and gas eligible forinfrastructure status but slurry pipelines were not, despite being recommended by the Rangarajan Committee.
The chamber said road and rail connectivity at the Braganza Ghat section near Goa must be doubled as the port’s
capacity is being expanded manifold. Rail connectivity from Jaigarh port should be provided up to Kohlapur so thatsteel manufacturing units in Hospet Bellary region can benefit.The ports proposed on Karnataka coast will depend on completion of Hubli-Ankola and Talguppa-Honavar rail linesto service the steel industry efficiently. ASSOCHAM said smaller ports too need to be provided with four-lanehighways so that movement of imported coking coal can be improved.
 “Finished steel products need to be moved expeditiously from the pl
ants to ports as dynamic market conditionsplace heavy strains on logistic systems to deliver products to consumers in the shortest possible time at
economical costs.” 
 Development of national highway 63 and state highways connecting Bellary to Chitradurga, Hubli and Solapur willallow multi-axle load vehicles to speedily move freight of finished steel to south India, it said.

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