CICU in association with Punjab National Bank organized program on Importer-Exporter meet

Ludhiana: Chamber of Industrial and Commercial Undertakings (CICU) in association with Punjab National Bank organized program on Importer-Exporter meet.

Upkar Singh Ahuja, President, CICU addressed all the dignitaries and gave brief report about working of CICU. He also added that there are serval issues of the Import & Exporter like MEIS, Pending IGST Refunds, steep hike in Raw Material prices, Liquidity crunch and other relevant issues. He also suggested that Export of Steel should be banned for 6 Month and norms should be

Pankaj Sharma, General Secretary, CICU said that Industry is in very pathetic situation and Govt. should provide some relief by giving industry special packages. IGST refund should be given to the exporters timely so that they can survive.

A.S Ranga, Commissioner of Customs, Ludhiana highlighted about the beneficial schemes like MEIS, SEIS, Export Incentives, Duty Exemption/Remission Schemes, Export Promotion Capital Goods Schemes. He also assured all type of help to Exporters and appreciated the working of CICU during Lockdown due to COVID.

Dr. Manjeet Bhatoya, Dy. DGFT, Ludhiana said that there are many schemes of DGFT and Importer and Exporter must take optimum use of these schemes. She also assured that all the issues will be taken up with higher authority and will be resolved soon.

Devendra Kumar Gupta, Zonal Manager, PNB, Ludhiana along with their team shared a presentation about the services offered by the Bank to the Customers like Service related to Forex business, Simplified portal for customers, Online Application facility for Export Finance, New Forex Platform to sell dollar at best price. They also highlighted that PNB has setup a dedicated customer care Desk to resolve the issues of businessmen more effectively.

During the quarries session,  Devendra Kumar Gupta, Zonal Manager, PNB, Ludhiana assured that all the points will be taken and will be resolved soon.

Ram Lubhaya, Convener and Sarvjit Singh, Co-convener of CICU Export Promotion Committee also shared their issues/suggestions to DGFT and Custom. They also said that industry is suffering due to non-releases of MEIS and IGST refund. They requested DGFT to releases MEIS early and take-up the matter with Government.

Sandeep Jain, Ludhiana Steel Rolling Mills mentioned that charges are higher than other banks. It should be reduced.
J.S Bhogal, Publicity Secretary, CICU present vote of thanks.

The meeting was attended by more than 80 industrialists some namely by Mandeep Singh, Dalson India, Harmohinder Singh, Satnam Forge, Anil Bedi, Bedico Automotive, Tarun Bector, Pye Tools Pvt. Ltd, Rajesh, TRB Exports, Sandeep Jain, Accurate Inds, Harish Dhand, Auto Engineers, Gurmit Singh, Advance Tool Technology and other prominent member of CICU.