Export Oriented SSI Units

EXPORT ORIENTED UNIT

Definition:

“An industrial undertaking in which the investment in

fixed assets in plant and machinery whether held on

ownership terms or on lease or by hire purchase does not

exceed Rs.100 lakhs and has an obligation to export 30% of

production.”

Export Contribution

45%-50% of the Indian Exports is contributed by SSI Sector. Number of SSU that undertake direct exports is more than 5000.

SSI units contribute around 15% to exports indirectly through merchant exporters, trading houses and export houses.

They may also be in the form of export orders from large units or the production of parts and components for use for finished exportable goods.

Product % Share in total exports

Sports goods 100

Readymade garments 90

Woolen garments, knitwear 35

Processed foods 65

Marine products 29

Leather products 80

Plastic products 45

Cosmetic, basic chemicals &pharmaceutical products

55

Engineering goods 30

% Share of SSI in total exports

The opportunities in the small scale sector are enormous due to the following factors :

Less Capital Intensive

Extensive Promotion & Support by the Govt.

Finance & Subsidies

Machinery Procurement

Raw Material Procurement

Tools & Tools utilization support

Reservation for Exclusive Purchase by Government

Export Promotion

Growth in demand in the domestic market size due to overall economic growth

Increasing Export Potential for Indian products

About the Company:

Entered the diamond trade in1982 & are today creating every design-in-house.

Mission:Be present in every segment, using state of the art manufacturing techniques & creating exquisite designs ranging from traditional handmade to the most modern creations.

Revolutionize the concept in the state of the art jewellery by combining the finest diamonds and the personal touch of each of our craftsmen.

Vision:Create world class Diamond jewellery which is the perfect picture of the woman’s inner beauty.

Company Name : United Jewellers Mfg. Pvt. Ltd.Parent Company : Veekay DiamondsPerson Met : Mr Parvesh Mehta (Manager)

Mr. Satyaprakash (Production Manager)Address : 302, Block No.1, SEEPZ++, SEZ, Andheri (E)Tel. No. : 022-28290990Email : unitedjewellery@rediffmail.comWebsite : www.unitedjewellery.netImport Export Officer : Mr. Rajeshwar TiwariImporting Goods : Casting & Polishing Machine &

Diamond consumable goods.

Products Exported :

Ear-rings

Pendants

Rings

Bracelets

Necklaces

Full exemption from the Payment of central excise duty on a specified output and thereafter slab-wise concessions of certain specified items.

The pre-requisite for the eligibility for excise concessions was that SSI unit should be registered with the State Directorate of Industries or DC(SSI).

At-the time of obtaining the exemptions and concessions, the SSI unit is required to produce a certificate of registration from the respective Directorate of Industries or DC(SSI).

Concessions to SSI units in India

Concessions:

SSI units having turnover less than Rs.60 lakhs per annum need not have a separate storeroom for storing the finished products.

SSI units are required to pay duty on monthly basis instead of paying at the time of every clearance.

The exemption SSI units do not have to file any declaration.

The policy package provides for easier access to credit, availability of collateral free composite loans up to Rs.2.5 million capital subsidy for technology upgradation and improved infrastructure.

Concessions to SSI units in India

Presented by:Divya Alva 02Shailesh Gada 15Saneet Gurav 17Murtuza Kinariwala 27Trupti Nayak 37Chandrashekhar Upadhyay 56