NEWS BRIEFS
THE COTTON CORPORATION OF INDIA LTD.
Bulk Quantity Discount for Stock of Cotton Season 2018-19
(Domestic sale of FP bales)
(on per day purchase)
For MSME Spinning Mills /KVIC units & Co-operative Spinning Mills
Sl. No.Purchase of Minimum
Quantity per day (in Bales)Discount
(in Rs. Per Candy)
11003200
2
3500
10003400
3600
4
51500
20003800
4000
6
72500
30004200
4400
8
93500
40004600
4800
104500 and above5000
Terms & Conditions
1. The above discount scheme will be applicable for purchase of cotton
Exporters Facing Prob-
lems with RoSCTL -
onlineapplication
module
With reference to the revised online
application form for RoSCTL which
has been put in place recently, a num-
ber of exporters of Made ups have
complained about some serious is-
sues they came across while submit-
ting their applications for duty credit
scrips under the scheme.
The following issues, which are being
faced by the exporters, have been
brought to the notice of officials of the
Ministry of Commerce & Industry :
(1) The revised application form has
changed the unit of measurement
of the export product, namely,
Made-up articles covered under
chapter 63 from “Pieces” to “Kgs”
for the purpose of calculating the
value caps. However, many of the
exporters have already filed their
applications with “Pieces” as the
unit of measurement before the
revised RoSCTL application wasput in place. All such exporters
will now receive the RoSCTL
amounts which will be lower than
their actual entitlement. It is re-
quested that a mechanism should
be introduced under which such
exporters can file supplementary
claims for the balance amounts.
(2) In many cases, calculation of
RoSCTL as per applicable per-
centage is correct but net amount
receivable does not match with
after excluding MEIS from the
actual amount of RoSCTL. This
is due to the fact that for the pur-
pose of deducting MEIS, the sys-
tem calculates 4% of the fob value
of exports as per the Shipping
bills. Whereas, the MEIS has been
granted on the actual fob value
realised as indicated on the E-
BRCs. In this regard, it is sug-
gested that the value of duty
credit scrips that has been issued
should be deducted and not at the
flat rate of 4%.
(3) Different RoSCTL rates appear for
the same HS codes on different
Shipping bills. For instance, if the
RoSCTL rate is 8.2%, for some
NCM-MARCH 2020
76pertaining to crop year 2018-19
for the sales made from
03.03.2020 till 30.04.2020.
2. The Buyers will be eligible for dis-
count on bulk purchase as per the
quantity of bales categorized
above under Bulk Quantity dis-
count scheme
3. The discount rates as specified
will be considered for the quan-
tity purchased during particular
day and subject to maximum ceil-
ing of 15000 bales under this
scheme
4. The above discount scheme is
applicable on CCI processed
stock.
*The above bulk quantity discount
scheme is in supersession of bulk
incentive scheme for stock of
Cotton season 2018-19 w.e.f
03.03.2020
shipping bills the rate is shown as
8.2% and for some other shipping
bills the rate shown is 7.8% for
the same HS code.
(4) Some of the Shipping Bills are not
appearing on the online system.
(5) In some of the cases, for the
same HS codes where the
RoSCTL rate is 8.2%, the system
shows the rate as 5% and on
such shipping bills the Ad Hoc 1%
additional RoSCTL rate have
been applied.
In response to the exporters' com-
plaint, Mr. Anil Aggarwal, Addl. Direc-
tor General of Foreign Trade, New Delhi
has advised Mr. Akshay SC (Dy
DGFT) to get details of cases from
individual exporters where these prob-
lems have arisen so that the issue is
examined/resolved. Accordingly, Dy.
DGFT has asked the affected export-
ers to approach DGFT with specific
cases along with all details. He has
assured that the same would be taken
up. Exporters should email details of
their issues faced in filing applications
for RoSCTL at [email protected] with
cc to [email protected] and
[email protected]