Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Keep tariff walls up at China RCEP, paper mills urge government.

Date: 26-07-2019
Subject: Keep tariff walls up at China RCEP, paper mills urge government
Indian paper mills are on edge as the Centre is pulling up its socks for the next round of RCEP (Regional Comprehensive Economic Partnership) parleys at Beijing, China in August first week. The Rs 70,000-crore Paper industry has sent a communique to commerce ministry, urging the government to be wary enough to keep paper in the negative list, under the proposed RCEP.

“We have pumped huge capital investment on ramping up capacities recently. If the imports surge, these investments will go down the drain,” IPMA (Indian Paper Manufacturers Association) president AS Mehta told FE. “Besides, this will disrupt industry’s value chain linkages with farmers, that led to enhanced rural incomes, employment and greening of India,” he said.

Apprehensions are rife that the RCEP agreement to be thrashed out among 16 member countries would press India for eliminating its import tariffs on paper and paperboard. India, China, South Korea, Japan, Australia, New Zealand and the 10-member ASEAN countries constitute the RCEP. Of these, China and ASEAN countries top India’s paper and paperboard importers. In growth rate, Indian paper industry had recently outstripped China, the world’s largest paper producer.

According to the note that IPMA submitted to commerce ministry, paper and paperboard should be retained in the negative list. This is “to ensure that the capital already invested and proposed to be invested in further capacity creation by Indian paper industry is safeguarded, incentivised and grown further,” says the note.

FTAs (Free Trade Agreements) had been a dampener for Indian paper mills. Basic customs duty (BCD) on paper and paperboard is zero, both under India-ASEAN FTA and India-Korea CEPA. Last year, for China, India had even trimmed its BCD for several grades of paper from 10% to 7%. “Unlike India, large-scale buyers like US and EU have imposed anti-dumping duties on paper and paperboard originating from some of these countries,” says Rohit Pandit, secretary general, IPMA.

In the last eight years, imports are up by a compound annual growth rate (CAGR) of 13.54% in volume terms and 13.10% in value terms (from Rs 3,411 crore in 2010-11 to `9,134 crore in 2018-19). In the same period, imports from ASEAN and South Korea, with whom India has FTAs, has increased at a CAGR of 33.51% and 42.46% respectively (in volume terms).

Source: financialexpress.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 27-11-2020
Notification No. 109/2020-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

Date: 27-11-2020
Circular No. 52/2020-Customs
Exports of Gems and Jewellery through Courier mode - reg.

Date: 27-11-2020
Notification No. 40/2020-Customs (ADD)
Seeks to impose Anti-Dumping duty on Fluoroelastomers (FKM) originating in or exported from China PR for a period of 5 years, in pursuance of sunset review final findings issued by DGTR

Date: 26-11-2020
Notification No. 43/2020-Customs
Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe BCD rate of 27.5% on Crude Palm Oil

Date: 26-11-2020
Notification No. 39/2020-Customs (ADD)
Seeks to amend notification No. 51/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of "Fully Drawn or Fully Oriented Yarn/Spin Drawn Yarn/Flat Yarn of Polyester " originating in or exported from China PR & Thailand , for a further period upto and inclusive of 31st December, 2020

Date: 26-11-2020
Public Notice No. 30/2015-20
Revision of SION A1827 of Export Products - Ossein

Date: 23-11-2020
A.P. (DIR Series) Circular No. 07
Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India by foreign law firms

Date: 20-11-2020
Circular No.51/2020-Customs
Clarifications regarding availment of exemption on temporary import of durable Containers - reg.

Date: 19-11-2020
Notification No. 60/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 19-11-2020
Notification No. 61/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001