Page 3 - ie2 August 2019

www.eepcindia.org LETTERS
IndianEngineeringExports

ie 2 | Magazine of the Engineering Export Promotion Council
DENIAL OF GST We request you to take up our case in
VOL. 12, ISSUE NO.5, AUGUST 2019 I Rs150
EDITOR REFUND earnest.
Suranjan Gupta A Council Member
Executive Director, EEPC India This is further to our letter regarding
PRINTED AND PUBLISHED BY the denial of GST refund. Due to the ***
Suranjan Gupta,
Executive Director, for and continued delay, we are facing a liquidity As per your advice, we are submitting
on behalf of the owner, crunch and are unable to execute the our unclaimed IGST refund details to
EEPC India work already secured by us. This is turn
Vanijya Bhavan, 1st Floor you.
International Trade Facilitation Centre creates credibility issues with our clients We have still not received the attached
1/1 Wood Street, Kolkata 700 016 as we are unable to meet their deadlines. SB IGST amount. We have found no
PRINTED AT Based on your suggestion, we applied
Swapna Printing Works Pvt Ltd error, even after several checks.
52 Raja Rammohan Sarani, Kolkata 700 009 for a small PC limit with our bankers, We hereby request you to please inter-
PUBLISHED FROM Canara Bank. We also requested them vene and arrange to release the payment.
EEPC India to issue the Gold Card and extend the
Vanijya Bhavan, 1st Floor If you require further details please let us
International Trade Facilitation Centre benefits under the scheme to us. We have know. It has been several months now.
1/1 Wood Street, Kolkata 700 016 been banking with them for more than A Council Member
CONSULTING EDITOR eight years and have a satisfactory record
Aditi Chowdhury of repayment. Our request for Gold ***
DESIGNED BY Card and PC limits was unceremoni- FOREX RETAIL
Bee Ideas
20/3 Ballygunge Place, Kolkata 700 019 ously denied without offering any valid PLATFORM FOR CCI
ajoy.john@gmail.com reasons.
Address all correspondence to the All this while the INR has appreciated The Clearing Corporation of India Ltd
Consulting Editor 10 percent against the greenback, re- (CCI) has started a Foreign Exchange
email: editor@eepcindia.net Retail Platform. The platform provides
The views expressed in the magazine are sulting in complete erosion of the profit for an anonymous and order driven
not necessarily those of EEPC India. margins.
The Government has asked Banks and dealing in the USD/INR currency pair
other financial institutions to support for customers of banks. The customers
exporters and SMEs. Our organisation can access the platform through the
qualifies on both counts. Once again, we Internet and place buy/sell orders as per
would like to state that: their requirement. The procedure and
• We are facing a severe liquidity crunch registration on this platform is provided
• Our legitimate IGST refund is being in the link given below for your ready
EXCLUSIVE MEMBER SECTION AT denied due to a trivial technical error reference and necessary action.
www.eepcindia.org • Our consignment has reached the https://www.ccilindia.com/AboutUs/
An exclusive member’s section has been destination country (KSA) and has been Pages/FxRetailPlatform.aspx
introduced on EEPC India’s website. The User ID claimed/cleared by the buyer Members may like to avail of this
and Password has been sent to members on their • On account of the above there is no facility of CCI and also get in touch with
email ID that is on record with EEPC India. If any chance of fraud (or other malpractices) their bankers to get better forex rates.
member has not received it, please contact EEPC and the claim made by us is genuine S Gupta, Executive Director,
India at: eepcho@eepcindia.net. • Our Bank has also denied the legit- EEPC India
The email IDs of some members are not imate request for a small CC limits ***
available with EEPC India. Please provide your without any valid reason METAL PRICE MONITOR
email ID at eepcho@eepcindia.net so that we can Confirmed orders worth more than
mail the details to you. It is also recommended $36,000 are held up due to this situation We thank you very much for sharing the
that all members view their details in the We have visited Customs Office Metal Price Monitor. Kindly send the
Member’s Directory on EEPC India’s website and at JNPT on three occasions but our Metal Price Monitor for August 2019. It
verify their email ID. pleas to them were not even given due is very useful and we hope you will send
All members are also requested to provide consideration. We are willing to make the details every month.
mobile numbers of key contact persons over a representation to the Ministry of Com- Venkatesh R, Accounts Department,
email. This will enable EEPC India to send merce (or any other suitable agency) for Barani Hydraulics India Private Limited,
important alerts and messages on SMS. an urgent resolution of our issues. Coimbatore

AUGUST 2019 l INDIAN ENGINEERING EXPORTS l 3