e e ---- news letternews letter · 2016-11-25 · the seminar was conducted by hon. jt. secretary...

The Gandhidham Chamber of Commerce & Industry

EEEE----News Letter News Letter News Letter News Letter Issue No. Issue No. Issue No. Issue No. 6666 Date: Date: Date: Date: 07.07.07.07.00009999.2016.2016.2016.2016

E E E E ---- NEWS LETTERNEWS LETTERNEWS LETTERNEWS LETTER

Estd 1953 A Monthly Newsletter

Issue 06 Date

01.09.2016

Dinesh GuptaDinesh GuptaDinesh GuptaDinesh Gupta President – GCCI

Babubhai HumbalBabubhai HumbalBabubhai HumbalBabubhai Humbal Vice President

Murlidhar JaganiMurlidhar JaganiMurlidhar JaganiMurlidhar Jagani

Hon. Secretary

Aashish S. JoshiAashish S. JoshiAashish S. JoshiAashish S. Joshi Hon. Jt. Secretary

Rewa R. KalwaniRewa R. KalwaniRewa R. KalwaniRewa R. Kalwani Treasurer

Bulletin Committee

Nandlal R. GoyalNandlal R. GoyalNandlal R. GoyalNandlal R. Goyal Convener

Mahadev RajaniMahadev RajaniMahadev RajaniMahadev Rajani Anuj Sharma Anuj Sharma Anuj Sharma Anuj Sharma

Members

For Advertisement Contact

� 99250 37814

Co-ordinated by Ashok P. Vora

Arpan Vachharajani

Published and Owned by

The Gandhidham Chamber of Commerce

& Industry, Plot No. 77, Sector – 8, “Chamber Bhavan”, Gandhidham – Kutch MailMailMailMail:[email protected]

Greetings from GCCI!!! The month of August holds a special significance being a month of festivals & we also

rejoice the event of our independence. These festivals and events give us opportunity to

enjoy our community life and celebrate our togetherness and diversity.

The highlight of the developments which are taking shape around us and which are of

interest of general public at large and particularly of business community are as under:

� During joint hearing process by TAMP for revision of rate structure for

Gandhidham Townships, our Chamber has strongly and effectively voiced concerns

about exorbitant, unreasonable and unjustifiable proposed hike in the rate structure

of Gandhidham Township.

� Change of guards at Gandhinagar has further raised hopes for uninterrupted

development of Gujarat State.

� Now, land acquisition is made easy in Gujarat.

� Recently, Gujarat Government has announced scheme for Incentive to Industries

under Gujarat Industrial Policy 2015.

� In last monetary policy review, outgoing RBI governor continues his usual form

and holds rates in final inning.

� The favourable monsoon and the momentum in policy reforms like GST augur well

for the economy going forward.

Last but not the least, it is now high time for businesses to undertake “Specific GST

Impact Assessment / Analysis” followed by “SWOT” analysis with reference to their

own business to better gauge their position and accelerate the process of giving

constructive feed-back with reference to model GST law to avoid several unintentional

lacunae that could creep into the eventual implementation of this taxation structure /

framework.

Dinesh Gupta

President

President’s Desk

eÉrÉ ÌWûlS!



The Gujarat Pollution Control Board - Kutch (East) and EcoSarjan, Ahmedabad had organised a unique workshop for ETP [Effluent Treatment Plant] Operators and Supervisors from 08.08.2016 to 10.08.2016 at Chamber Bhavan specifically designed for the up-gradation of skills of ETP operators and impart them basic know-how with respect to actual ETP operations, maintenance and recordkeeping. The three day programme had two full day lectures delivered by multiple experts from the field and last day of the event had field visit.

Our President Shri Dinesh Gupta and Hon. Jt. Secretary Shri Aashish Joshi had officiated in opening and conclusive session respectively.

ETP Op_r[tors [n^ Sup_rvisors WorkshopETP Op_r[tors [n^ Sup_rvisors WorkshopETP Op_r[tors [n^ Sup_rvisors WorkshopETP Op_r[tors [n^ Sup_rvisors Workshop

C_l_\r[tion of 70C_l_\r[tion of 70C_l_\r[tion of 70C_l_\r[tion of 70thththth In^_p_n^_n]_ D[yIn^_p_n^_n]_ D[yIn^_p_n^_n]_ D[yIn^_p_n^_n]_ D[y

GCCI President Shri Dinesh Gupta hoisted the National Flag in the Chamber premises. The members of Managing Committee, staff and distinguished guests attended the flag hoisting ceremony. In his speech, Mr. Gupta appealed to all businessmen, industrialist and citizens of this complex to contribute in the progress of our country by fulfilling their basic duties morally so that our country can achieve newer heights. He also stressed the need for active efforts to make this complex clean and beautiful.



Shri Anil Kumar JainShri Anil Kumar JainShri Anil Kumar JainShri Anil Kumar Jain Quality Engineers Plot No.69, Sector 1A, Gandhidham

Shri Dhaval K.Shri Dhaval K.Shri Dhaval K.Shri Dhaval K. AcharyaAcharyaAcharyaAcharya Royal Plots (I) Pvt. Ltd. Office-4, 25-26, Silver Arc, Plot No.57, Sector-8, Gandhidham

Shri Rajendra AgarwalShri Rajendra AgarwalShri Rajendra AgarwalShri Rajendra Agarwal Add Polymers Pvt Ltd Shed No. 314/315, Sector 2, KSEZ, Gandhidham-Kachchh

Shri Kamlesh G. Ramchandani Shri Kamlesh G. Ramchandani Shri Kamlesh G. Ramchandani Shri Kamlesh G. Ramchandani B. M. Automobiles Tagore Road, Gandhidham

Shri Mitesh M.Shri Mitesh M.Shri Mitesh M.Shri Mitesh M. DharamshiDharamshiDharamshiDharamshi Parekh Marine Agencies Pvt. Ltd. Plot No.C-8, Shaktinagar Gandhidham

Shri Prakash JethwaniShri Prakash JethwaniShri Prakash JethwaniShri Prakash Jethwani Insurance Corner D-27, Chawla Chowk Gandhidham-Kachchh

Shri Narendra G.Shri Narendra G.Shri Narendra G.Shri Narendra G. ThakkarThakkarThakkarThakkar Rajdeep Enterprise Plot No.6A, Sector-12 Kandla Port Road, Gandhidham

Shri Anuj A Sharma Shri Anuj A Sharma Shri Anuj A Sharma Shri Anuj A Sharma C. L. Sharma Resorts (P) Ltd., S. No. 98, Near Air Port Crossing, Galpadar, Gandhidham-Kachchh

A felicitation program of Shri Rameshchandra Agarwal, Chairman, Bhaskar Group was organised by Chamber on 22nd

August, 2016 between 5:00 pm to 6:00 during his visit to Gandhidham Complex. President Shri Dinesh Gupta and Vice

President Shri Babubhai Humbal had felicitated with bouquet and shawl. They had also presented a memento to Shri

Agarwal alongwith Chamber’s past Presidents Shri Champalalji Parakh, Shri Babulal Singhvi, Shri Ashok Sharma and

Shri Parasmal Nahata. The various business trade organisations have also felicitated with flowers and mementos.

In the starting, Hon. Secretary Shri Mulidhar Jagani had given a brief introduction of Shri Agarwal and President Shri Gupta had welcomed the guest and thanked him to spare a time for Chamber from his tight schedule.

Shri Gupta started briefing the audience about Bhaskar Groups initials struggle and introduced himself as a businessman.

One need not to afraid to face initial struggle in business development and instead should always access risk factor involved

in it. He told that every businessman have to expand his business even if one faces the problem. He insists that every

business man who wishes to expand his trade have to start with Private Equity and further expand with Public Equity

holding and one has to concentrate only & only in his business and not clubbed politics with the business to run the smooth

and clear business. He also informs the audience that businessman has to adopt the professionalism approach in his

business as a single person is unable to do all tasks of the trade. He had also shared his experiences with the trade audience

and informed that everyone has to think on the concept of family business in the fast changing arena of business world. At

the end, Chamber’s Vice President Shri Babubhai Humbal expressed thanks to Mr. Rameshchandra Agarwal and audience.

F_li]it[tion of Shri R[m_sh]hn[^r[ @g[rw[l, Ch[irm[n, Bh[sk[r Group

WELCOME N_w Co-opt M_m\_rs for th_ y_[r 2016-2017



The Gandhidham Chamber of Commerce & Industry and IISFT (an autonomous institute provides education and

training in Export-Import, Shipping & Logistics since 2004) had jointly organised a free seminar on “Career and

Growth prospects in Export-Import, Shipping & Logistics on 3rd September 2016 at The Gandhidham Chamber of

Commerce and Industry, Gandhidham – Kachchh. Mr. S.R. Kushwaha Sr. General Manager, IFFCO, kandla has

kindly consented to remain present as a Chief Guest for the event.

Youths have shown tremendous enthusiasm for understanding the growth and upcoming career opportunities in

Export-Import, Shipping & Logistics by participating in great numbers. Several suggestions have been received to

organize such seminars regularly for better knowledge and guidance as informed by Mr. Babubhai Humbal, Vice

President, GCCI. Total 450 registrations have been received from various industries, colleges and individuals

claimed by Mr. Anand Thacker (Director) IISFT.

The seminar was proposed to address the aspiring youths and make them aware of growth and future prospects of

Export-Import, Shipping & Logistics sectors and bring to their knowledge the current skill gaps and different career

opportunities in these sectors. The agenda of this event was to act as a guiding platform for youths and start-ups.

The seminar endeavoured to cover and brought to the knowledge to aspiring youths and august gatherings about

Export-Import, Shipping & Logistics, the most immense and prominent sectors for Kachchh region. The seminar

also endeavoured to show them the broader and factual picture to understand these segments as a career prospects.

To bring to an ultimate delight, seminar brought leading stalwarts from Foreign Trade, Shipping, Logistics and

education sectors together on one platform. The speakers shared their knowledge and experiences in this seminar

were Cap.Sansarchandra Chaube (Head Marine Services, Adani Port and Special Economic Zone), Mr. Mihir Das

(Professor, Department of Transportation, University of Petroleum and Energy Studies, Dehradun), Mr. B.K.

Mansukhani (MD Rishi Shipping), Mr. T.V. Sujan (Director ACT Infraport ltd.), Mr. Alok Jain Dy. GM (P&A)

IFFCO, Kandla), Mr. Sathian Pattiampully (GM, MSC Gandhidham), Mr. Pramod Soneta (MD Hemjyot Agency),

Ms. Dhara Jhala (Asst. Prof. Port and Shipping Management T.I.M.S. Adipur).

All the speakers endeavored to showcase the upcoming opportunities in these sectors. Around 28.4 million skilled

workforces needed in logistics sector and the logistics jobs are expected to grow by 22 per cent by 2022 shared by

Mr. Pramod Soneta. Port and shipping sector in experiencing tremendous growth and India should look for lowering

logistics cost expressed by Mr. B.K. Mansukhani. How important the International Business is for national economy

and for individual firm, explained by Mr. Mihir Das and he also guided the participants about different players in

EXIM Movement. Youths planning careers in port sector must show their readiness to move to remote locations and

may not expect any major cities near port guided by Cap. Sansarchandra Chaube. Mr. Sathian Pattiampully

advised the aspiring youths regarding the skill gaps in shipping and freight forwarding industry and also guided

that there is an acute shortage of skilled manpower in shipping sector. Mr. T.V. Sujan motivated the august

gatherings that they should not limit themselves and must always desire for higher growth. Mr. Alok Jain too

motivated the participants and boosted their confidence to go ahead. Ms. Dhara Jhala explained the importance of

education in bridging skill gaps in Shipping Sector.

The event was also supported by Mundra Custom House Agents’ Association, kandla Custom house Agents’

Association, Kandla Special Economic Zone Industries Association, Kandla Stevedores Association, Kandla Ship

Chandlers and Ship Repairers Association, Container Freight Station Association Mundra and kandla Timber

Association.

The seminar was conducted by Hon. Jt. Secretary Mr. Ashish Joshi of GCCI & at the end he expressed thanks to all

participants and felicitated all speakers with memento.

S_min[r on C[r__r [n^ Growth prosp_]ts in Export-Import, Shipping & Logisti]s



Short N_ws

INTEREST SUBVENTION SCHEME INTEREST SUBVENTION SCHEME INTEREST SUBVENTION SCHEME INTEREST SUBVENTION SCHEME TO BOOST EXPTO BOOST EXPTO BOOST EXPTO BOOST EXPORTSORTSORTSORTS

The Government has introduced the Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit w.e.f. 01.04.2015 for 5 years. The scheme has been notified vide RBI circular No.62 dated 04.12.2015. The scheme is available to all exports by manufacturers under 416 specified tariff lines [at ITC (HS) Codes at 4 digit level] and exports made by manufacturing Micro, Small and Medium Enterprises across all ITC (HS) Codes. The rate of interest equalisation is 3% per annum. READ MOREREAD MOREREAD MOREREAD MORE

STEPS TO STOP EXPORT OF FAKE GOODSSTEPS TO STOP EXPORT OF FAKE GOODSSTEPS TO STOP EXPORT OF FAKE GOODSSTEPS TO STOP EXPORT OF FAKE GOODS

According to a study by OECD (Organisation Economic Cooperation and Development) and the European Union’s Intellectual Property Office, titled “Trade in Counterfeit and pirated goods: Mapping the Economic Impact” (published in April, 2016), international trade in counterfeit and pirated products represents up to 2.5% of world trade in 2013. A perusal of the Report shows that in terms of number of counterfeit shipments seized, India ranked 6th as an originating country of such shipments for the years 2011, 2012 and 2013 accounting, respectively, for 1.46%, 0.83% and 1.16% of the total number of shipments seized during these years.

READ MOREREAD MOREREAD MOREREAD MORE

SOLARISATION OF PORTSSOLARISATION OF PORTSSOLARISATION OF PORTSSOLARISATION OF PORTS

The Government proposes to implement utility-scale Solar Photovoltaic Power Plant projects at various major ports across the country. The funds for establishment of solar power projects are arranged by the major ports from their own resources and no funds have been released from the Ministry. READ MOREREAD MOREREAD MOREREAD MORE

ENCROACHMENT ALONG COASTLINES ANDENCROACHMENT ALONG COASTLINES ANDENCROACHMENT ALONG COASTLINES ANDENCROACHMENT ALONG COASTLINES AND LAND MANAGEMENT AT PORTSLAND MANAGEMENT AT PORTSLAND MANAGEMENT AT PORTSLAND MANAGEMENT AT PORTS

Cases of encroachment along the coastline of some of the Major Ports have come to the notice of the Government. These encroachments are, however, not affecting smooth movement of ships/vessels. The Ports are taking steps measures including seeking help and from the local administration, district authorities for removal of the encroachments. READ MOREREAD MOREREAD MOREREAD MORE

LOGISTICS SECTOR COULD SAVE LOGISTICS SECTOR COULD SAVE LOGISTICS SECTOR COULD SAVE LOGISTICS SECTOR COULD SAVE $200 BILLION ANNUALLY POST$200 BILLION ANNUALLY POST$200 BILLION ANNUALLY POST$200 BILLION ANNUALLY POST----GSTGSTGSTGST

India's logistics sector, which accounts for nearly 14 per cent of the GDP, could see savings to the tune of $200 billion annually on implementation of Goods and Services Tax (GST), which will ensure faster movement of goods and less idle hours, say experts. With the introduction of GST, many taxation procedures will come down, nearly halving the cost of inventory as customers will not need to pile up stocks in different warehouses, say experts. READ MOREREAD MOREREAD MOREREAD MORE

GOVERNMENT MAY HAVE TO AMEND SEZ ACT GOVERNMENT MAY HAVE TO AMEND SEZ ACT GOVERNMENT MAY HAVE TO AMEND SEZ ACT GOVERNMENT MAY HAVE TO AMEND SEZ ACT TO ALIGN IT WITH GSTTO ALIGN IT WITH GSTTO ALIGN IT WITH GSTTO ALIGN IT WITH GST

The government may have to amend the SEZ Act 2005 to align it with the Goods and Services Tax (GST) law so that central excise and service tax benefits can be extended to developers and entrepreneurs. The Commerce Ministry is in the process of preparing a note on the changes required in the Special Economic Zone (SEZ) Act, an official said. The duty drawback norms, under which exporter is compensated for duties suffered during the course of production of goods, too would be required to be aligned with the new indirect tax regime. READ MOREREAD MOREREAD MOREREAD MORE

NO PROPOSAL TO CONVERT MAJOR PORTS INTO NO PROPOSAL TO CONVERT MAJOR PORTS INTO NO PROPOSAL TO CONVERT MAJOR PORTS INTO NO PROPOSAL TO CONVERT MAJOR PORTS INTO CORPORATECORPORATECORPORATECORPORATE COMPANIESCOMPANIESCOMPANIESCOMPANIES

There is no proposal to convert major ports into corporate companies, Shipping Minister Nitin Gadkari said on Thursday emphasising that government ports have been showing better performance than the private ones. He told the Lok Sabha that the government plans to replace the Major Port Trusts Act to modernise and ensure more operational freedom for the ports. READ MOREREAD MOREREAD MOREREAD MORE

ONE STOP GOVERNMENT EONE STOP GOVERNMENT EONE STOP GOVERNMENT EONE STOP GOVERNMENT E----MARKETPLACE (GMARKETPLACE (GMARKETPLACE (GMARKETPLACE (GeeeeM)M)M)M)

The government launched an online platform which will act as a one stop shop (GeM)(GeM)(GeM)(GeM) for most routine government procurement, helping in streamlining buying along with making it faster, more efficient and price competitive. READ MOREREAD MOREREAD MOREREAD MORE

SAGARMALA PROJECT REPORTS RELEASED: SAGARMALA PROJECT REPORTS RELEASED: SAGARMALA PROJECT REPORTS RELEASED: SAGARMALA PROJECT REPORTS RELEASED: INVITATINVITATINVITATINVITATION TO VARIOUS STAKEHOLDERS TO ION TO VARIOUS STAKEHOLDERS TO ION TO VARIOUS STAKEHOLDERS TO ION TO VARIOUS STAKEHOLDERS TO

PROVIDE FEEDBACKPROVIDE FEEDBACKPROVIDE FEEDBACKPROVIDE FEEDBACK

Under the Sagarmala Programme of Ministry of Shipping, five reports have been prepared to provide implementation of roadmap for holistic port-led development in the country and to engage with various stakeholders. The reports have been posted on the Ministry of Shipping website. The Ministry is reaching out to relevant stakeholders to apprise them of the findings / recommendations in these reports and to obtain relevant feedback on the same. The reports include the cargo traffic projections in the ports and related logistics bottlenecks, plans for port capacity enhancement, perspective plans for the Coastal Economic Zones proposed under Sagarmala and the policy level recommendations to make port-led development successful in India. READ MOREREAD MOREREAD MOREREAD MORE



AVOID PLASTIC MADE NATIONAL FLAG, DISPLAY AVOID PLASTIC MADE NATIONAL FLAG, DISPLAY AVOID PLASTIC MADE NATIONAL FLAG, DISPLAY AVOID PLASTIC MADE NATIONAL FLAG, DISPLAY PAPER FLAGS, DISPOSE WITH DIGNITY: MHA PAPER FLAGS, DISPOSE WITH DIGNITY: MHA PAPER FLAGS, DISPOSE WITH DIGNITY: MHA PAPER FLAGS, DISPOSE WITH DIGNITY: MHA

ADVISORYADVISORYADVISORYADVISORY

Ahead of the Independence Day, the Ministry of Home Affairs has issued an Advisory to the Chief Secretaries / Administrators of all State Governments / UT Administrations, Secretaries of all Ministries / Departments of Govt. of India to ensure strict compliance of the provisions contained in the 'Flag Code of India. 2002' and 'The Prevention of Insults to National Honour Act, 1971'. it has been brought to notice of the MHA that on important events the National Flags made of plastic are also being used in place of paper Flags. Since plastic flags are not biodegradable like paper flags, these do not get decomposed for a long time and ensuring appropriate disposal of National Flags made of plastic commensurate with dignity of the flag, is a practical problem. READ MOREREAD MOREREAD MOREREAD MORE

ROLE OF PRIVATE SECTOR AND STATE ROLE OF PRIVATE SECTOR AND STATE ROLE OF PRIVATE SECTOR AND STATE ROLE OF PRIVATE SECTOR AND STATE GOVERNMENTS IN DEVELOPMENT OF FOOD GOVERNMENTS IN DEVELOPMENT OF FOOD GOVERNMENTS IN DEVELOPMENT OF FOOD GOVERNMENTS IN DEVELOPMENT OF FOOD

PARKSPARKSPARKSPARKS

Ministry is implementing Mega Food Park (MFP) Scheme to create modern infrastructure for food processing. The Mega Food Parks may be set up by private promoters as well as State Government / its entities / cooperatives. Under the MFP Scheme, financial assistance is provided as grants-in-aid @50% of the eligible project cost in general areas and 75% of eligible project cost in difficult and hilly areas i.e. North East Region including Sikkim, Jammu & Kashmir, Himachal Pradesh, Uttarakhand and Integrated Tribal Development Projects (ITDP) notified areas of the States subject to a maximum Rs. 50.00 crore per project. READ MOREREAD MOREREAD MOREREAD MORE

BATTERYBATTERYBATTERYBATTERY----OPERATED CAR SERVICE AT RAILWAY OPERATED CAR SERVICE AT RAILWAY OPERATED CAR SERVICE AT RAILWAY OPERATED CAR SERVICE AT RAILWAY STATIONSSTATIONSSTATIONSSTATIONS

Zonal Railways have been authorized to introduce Battery Operated Vehicles (BOVs) at major railway stations for disabled, elderly and ailing passengers on ‘first come first served’ basis through sponsorship from individuals, NGOs, Trusts, Charitable institutions, Corporates and PSUs/Corporate Houses under their Corporate Social Responsibility free of charge to passenger or to the Railway. READ MOREREAD MOREREAD MOREREAD MORE

SHRI NITIN GADKARI FLAGS OFF TWO CARGO SHRI NITIN GADKARI FLAGS OFF TWO CARGO SHRI NITIN GADKARI FLAGS OFF TWO CARGO SHRI NITIN GADKARI FLAGS OFF TWO CARGO VESSELS FROM VARANASI AND LAYS VESSELS FROM VARANASI AND LAYS VESSELS FROM VARANASI AND LAYS VESSELS FROM VARANASI AND LAYS

FOUNDATION STONE OF THE MULTI MODAL FOUNDATION STONE OF THE MULTI MODAL FOUNDATION STONE OF THE MULTI MODAL FOUNDATION STONE OF THE MULTI MODAL TERMINAL.TERMINAL.TERMINAL.TERMINAL.

The Minister for Shipping, Road Transport and Highways, Shri Nitin Gadkari flagged off two vessels viz. MV Joy Basudev (capacity 1400 tons) and MV V.V Giri (capacity 300 tons), containing newly assembled cars of Maruti Suzuki and construction material today i.e. 12th August, 2016 at 11. A.M. from the Aghoreshwar Bhagwan Ram Ghat Varanasi. READ MOREREAD MOREREAD MOREREAD MORE

ONLINE CENSUS OF MSMES AND FINANCE FACILITATION CENTRES LAUNCHEDONLINE CENSUS OF MSMES AND FINANCE FACILITATION CENTRES LAUNCHEDONLINE CENSUS OF MSMES AND FINANCE FACILITATION CENTRES LAUNCHEDONLINE CENSUS OF MSMES AND FINANCE FACILITATION CENTRES LAUNCHED

Shri Arun Jaitley, Union Minister of Finance & Corporate Affairs launched two important initiatives of the Ministry of MSME, viz. MSME Databank Portal and Online Finance Facilitation Web Portal on the sidelines of 14th Meeting of the National Board of MSME at Vigyan Bhawan 11.08.2016. the Ministry of MSME is making online Census of the MSMEs in the country for the first time by launching a comprehensive databank on http://www.msmedatabank.inhttp://www.msmedatabank.inhttp://www.msmedatabank.inhttp://www.msmedatabank.in This will not only save the efforts and money required for physical Census but will also enable the MSME units and the various Associations to furnish data on click of the button and sitting in their units. The NSIC, which provides suitable credit support to the various MSME units for purchase of raw material, has started an online Finance Facilitation Centre on http://www.nsicffconline.inhttp://www.nsicffconline.inhttp://www.nsicffconline.inhttp://www.nsicffconline.in.... To start with, the Finance Facilitation Centres will become operational at Jalandhar, Peenya, Ludhiana, Guwahati, Lucknow and Delhi from today onwards. The portal will allow the MSMEs to apply for loans from the various banks on the NSIC portal itself. NSIC has also signed MoUs with 33 banks, 14 of whom have agreed to associate with online Finance Facilitation Web Portal. READ MOREREAD MOREREAD MOREREAD MORE

Read more about

New Scheme for Incentive to Industries (General) 2016-2021

Suggestions received during 4th meeting of DRUCC held on 28.07.2016 at Ahmedabad



N_w M_m\_rs

Sr. Sr. Sr. Sr. No. No. No. No.

Mem. No.Mem. No.Mem. No.Mem. No. Name of the Company & AddressName of the Company & AddressName of the Company & AddressName of the Company & Address BusinessBusinessBusinessBusiness Name of Name of Name of Name of RepresentativeRepresentativeRepresentativeRepresentative

1 3028 GLOBAL WOOD INDIA PVT. LTD.GLOBAL WOOD INDIA PVT. LTD.GLOBAL WOOD INDIA PVT. LTD.GLOBAL WOOD INDIA PVT. LTD. Survey No. 24/3, National Highway - 8 A, Mithi Rohar, Gandhidham - Kachchh [email protected]

Timber 98252 27485 99090 07485

Rishi Goyal Vijay Goyal

2 3029 SARASWATI WOOD PVT. LTD.SARASWATI WOOD PVT. LTD.SARASWATI WOOD PVT. LTD.SARASWATI WOOD PVT. LTD. Survey No. 362/1, National Highway, Mithi Rohar, Gandhidham - Kachchh [email protected]

Timber Sawmill 98255 48362 93122 58620

Naresh Kumar Surender Kumar

3 3030 IMPEX CLIMPEX CLIMPEX CLIMPEX CLEARING SERVICES PVT. LTD. EARING SERVICES PVT. LTD. EARING SERVICES PVT. LTD. EARING SERVICES PVT. LTD. 304, Sham Tower, 164/2 R N T Marg, Nr. Hotel President, Indore [ Madhya Pradesh ] [email protected]

Custom House Agent 98260 14143 99267 56777

Sanjay Agrawal Vinod Jadhav

4 3031 SHREE TIRUPATI ENTERPRISESHREE TIRUPATI ENTERPRISESHREE TIRUPATI ENTERPRISESHREE TIRUPATI ENTERPRISE Plot No. 430, Ward 5 B, Adipur - Kachchh [email protected]

Packing Material & All Types of Ship Supply 98259 11496

Priya Jignesh Meghani

5 3032 SURAJ FORWARDERS & SHIPPING AGENCIESSURAJ FORWARDERS & SHIPPING AGENCIESSURAJ FORWARDERS & SHIPPING AGENCIESSURAJ FORWARDERS & SHIPPING AGENCIES 209, Madhav Palace, 2nd Floor, Plot No. 55, Sector - 8, Nr. Chamber Of Commerce, Gandhidham - Kachchh [email protected]

Shipping 98240 46028 99243 04001

A M Rajan Suraj Rajan

6 3033 AMINA TRADERSAMINA TRADERSAMINA TRADERSAMINA TRADERS Plot No. 46, Village : Kanaiyabe, Taluka - Bhuj - 370 020

Export of Live Stock 95375 62482

Shekh Sulemansha Jamansha

7 3034 SHA HUSSAIN IMPEXSHA HUSSAIN IMPEXSHA HUSSAIN IMPEXSHA HUSSAIN IMPEX Block No. 42, Village : Kanaiyabe, Taluka - Bhuj - Kachchh

Export of Live Stock 99793 31369 99135 05798

Shekh Hasamsha Jamansha Shekh Sabbir

8 3035 AHIR CONTAINER MOVERSAHIR CONTAINER MOVERSAHIR CONTAINER MOVERSAHIR CONTAINER MOVERS Sai Commercial Complex, Office No. 107, Plot No. 16, Sector - 12 A, Gandhidham - Kachchh [email protected]

Transportation 99250 36232 98795 41232

Lakhubhai Savabhai Dangar Alpesh S Dangar

Sr. Sr. Sr. Sr. No.No.No.No.

DateDateDateDate RepresentRepresentRepresentRepresentedededed ToToToTo SubjectSubjectSubjectSubject

1 22.07.2016 Shri Mukesh Kumar, Secretary, ZRUCC & Dy. General Manager, WR, Mumbai

Issues for discussion in ZRUCC meeting due on 23.08.2016.

2 01.08.2016 Dr. Sandhya Bhullar, Superintendent of Stamps, Gandhinagar

Hon’able M.P. – Kachchh – Morvi Hon’able MLA – Gandhidham Collector, Kachchh Dy. Collector (Stamp), Kachchh

ક�છ �જ�લાના ં ગાધંીધામ શહ�રની લીઝ/સબ-લીઝ હ�ની

જમીનોના �� હો�ડમા ં �ા�સફરના દ"તાવજેોને "ટ�'પ ડ)ટુ+

ભરવામાથંી ./ુતી આપવા બાબત….

3 05.08.2016 At various level Increasing Crime in Township of Gandhidham 4 17.08.2016 Ms. Safeena Najar,

In-Charge Kandla Aerodrome Welcome her appointment as In-Charge Kandla Aerodrome

5 23.08.2016 Shri Vijaybhai Rupani, Chief Minister – Gujarat

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�� ш к� � ��…..

6 27.08.2016 At various level Request to expedite the E-Auction process of KPT for salt land

R_pr_s_nt[tions



Big Bang

GST Execution

Here comes Big Bang of GST! This is one indirect tax for the whole nation, which will make India one unified common market. GST is expected to bring uniformity in taxation and reduce its cascading effect leading to cheaper goods and services. A dual structure is on cards where the centre would levy and collect the Central Goods and Service Tax (CGST) and state would levy and collect the State Goods and Service Tax (SGST) on all transactions within a state. The state will be able to fix their SGST rates above the floor rate, but within a narrow band. Input tax credit of CGST would be available for discharging the CGST liability on the output at each stage. Similarly SGST. In case of inter-state transaction, the centre would levy and collect the Integrated Goods and Service Tax (IGST) on all inter-state supplies of goods and services which would roughly be equal to CGST plus SGST.

TAXES THAT SUBSUMED IN GSTTAXES THAT SUBSUMED IN GSTTAXES THAT SUBSUMED IN GSTTAXES THAT SUBSUMED IN GST Central Taxes Central Taxes Central Taxes Central Taxes State TaxesState TaxesState TaxesState Taxes

Central Excise Duty, Additional Excise duty, Excise Duty levied under the M& TP Act of 1955, Service Tax, Additional Custom Duty (CVD), Special Additional Duty of Customs (SAD), Surcharges and cesses relating to the supply of goods and services.

State VAT, CST, Purchase Tax, Luxury Tax, Entry Tax (all forms), Entertainment Tax (not levied by local bodies), Taxes on Advertisements, Taxies on lotteries, betting and gambling, State cesses and surcharges relating to the supply of goods and services.

Business and industry have limited time to get ready for GST. They need to be prepared to switch over to new indirect tax regime by undertaking a host of activities such as training of people, aligning the indirect tax compliance process, understanding the impact on business, updating accounting and I.T. Systems and taking other suitable measures to ensure a smooth transition. As India’s GST will be the world’s most complex version of a GST multiple problems likely to arise in the future. Therefore, it is best if GST implemented in stages like MODVAT scheme.



SWOT Analysis of GST

SSSStrengthstrengthstrengthstrengths

• It will disincentives tax evasion.

• There will be less tax on more items.

• Integration of multiple taxes in GST.

• GST will simplify and harmonies the indirect tax regime in the country.

• It is a destination – based consumption tax.

• It will make India one unified common market and reduce the cascading effect of tax on the cost of goods and services.

WWWWeaknesses eaknesses eaknesses eaknesses

• Open ended nature of the law.

• Lack of a tax credit opportunity to alcohol and petroleum sector.

• Taxability of supply of goods or services between inter–state offices in furtherance of business activities.

• The lack of inward tax credit redemptions such as building of a factory or purchase of a motor vehicle.

• A dual structure of CGST and SGST and further inter-state transaction through IGST mechanism.

• May result into negative impact on the real estate market.

• Definition of ‘Exports’ is inconsistent with the concept of SEZ.

• Current status in the form of exemptions and zero rating for SEZs have not been retained in the main GST law.

OOOOpportunities pportunities pportunities pportunities

• All central and state level taxes and levies on all goods and services will be subsumed.

• The end-consumer will bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.

• Will improve ease of starting a business in India.

• Good opportunities for start-ups and Small Business.

• Making the Indian trade and industry more competitive.

• Export will become more competitive.

• GST will lead to a realignment of warehousing and supply chain requirements of companies.

TTTThreats hreats hreats hreats

• Increased compliance based requirements.

• Hard punishment like jail term for the discrepancies.

• Higher rates of inflation expected in the initial years after GST roll-out.

• Higher Tax Rates.

• Export industries will have to carry the additional GST burden of inputs for the production as the same can be reclaimed after filing of returns only.

• For import centric business, the uncertainty prevails on the current exemptions they enjoy.

• Hard to monitor previous vendor payouts to claim inward tax credits.

• Segregation of B2B and B2C supplies may be required under the GST regime.

• To update all ERPs and to realign their process flows.

• A Single market will hit the small and cottage sector even if they are kept outside the GST net.

• Unless the SEZs related provisions are incorporated in to the GST, the entire objective of SEZ is defeated and it becomes economically non–viable.



HOW SUPPLY CH@IN WILL WORK IN GST REGIME HOW SUPPLY CH@IN WILL WORK IN GST REGIME HOW SUPPLY CH@IN WILL WORK IN GST REGIME HOW SUPPLY CH@IN WILL WORK IN GST REGIME

TO DISCH@RGE GST INCIDENCE LI@BILITY TO DISCH@RGE GST INCIDENCE LI@BILITY TO DISCH@RGE GST INCIDENCE LI@BILITY TO DISCH@RGE GST INCIDENCE LI@BILITY

MANUFACTURING MANUFACTURING MANUFACTURING MANUFACTURING STASTASTASTAGE GE GE GE –––– 1111

WHOLESALE WHOLESALE WHOLESALE WHOLESALE STAGE STAGE STAGE STAGE –––– 2 2 2 2

RETAIL RETAIL RETAIL RETAIL STAGE STAGE STAGE STAGE –––– 3333

� Let us take a hypothetical example of a manufacture of cosmetics items.

� He buys raw materials, packing materials or inputs worth Rs.100, a sum that includes a tax of Rs.10. with these inputs, he manufactures a cosmetic items.

� During the process of creating cosmetic item, value added by him to be Rs.30. Hence, gross value of cosmetic item works out to Rs.130 (100+30).

� Tax @ 10%, the tax on output of a cosmetic item will then be Rs.13/-.

� By set off this tax (Rs.13) under GST against the tax already paid on inputs (Rs.10), the effective GST incidence on the manufacturer would be only Rs.3/- (13 – 10).

� At this stage, manufactured cosmetics item is passed on to the wholesaler from manufacturer @ Rs.130/- and adds on value (his margin) of Rs.20/-. The gross of cosmetic item would be Rs.130 + Rs.20 = Rs.150/-.

� Tax @ 10% on this amount will be Rs.15. He can set-off the tax on his output (Rs.15) under GST against the tax on his purchased cosmetic item from the manufacturer (Rs.13). So, Rs.2/- (15-13) will be effective GST incidence on the wholesaler.

� In this final stage, a retailer buys a cosmetic item from the wholesaler @ Rs.150/-. By adding value of his margin Rs.10/-, the gross value of cosmetic item goes upto Rs.160/- (150+10).

� Tax @ 10% works out to Rs.16/-. He can set-off this tax (Rs.16) against from the wholesaler (Rs15) under GST and brings down the effective GST incidence on himself to Rs.1/- (16-15).

� Therefore the total GST on the entire value chain through input supplier, manufacturer, wholesaler and retailer works out to Rs.16 (10+3+2+1).

The final consumer will thus bear only the GST charged by the last dealer in the supply chain with set-off benefits at all the previous stages.

BENBENBENBENEFITSEFITSEFITSEFITS For Business & Industry For Business & Industry For Business & Industry For Business & Industry a) Easy Compliance

b) Uniformity of tax rates & structures c) Removal of cascading effects d) Improved competitiveness e) Gain to manufacturers and exports

For Central & State Government For Central & State Government For Central & State Government For Central & State Government a) Simple and easy to administer b) Better controls on leakages c) Higher revenue efficiency

For Consumer For Consumer For Consumer For Consumer a) Single and transparent tax proportionate to the value of goods & services

b) Relief in overall tax burden

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This information would help businesses to undertake the impact analysis and other necessary steps for a smooth shift to the GST regime. Further, such steps would facilitate a SWOT analysis based on which one can harness the strengths and minimize the weakness while indentifying the various opportunities and threats for the business under GST regime. So it is time for bracing up the Big Bang GST execution…………………..

By: A P Vora, Executive Secretary

Click on…….



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