Steel Authority of India Ltd.pptx

8/14/2019 Steel Authority of India Ltd.pptx

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Steel Authority of India Ltd


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Five Integrated Steel Plants (ISPs),

Three Special Steel Plants,

One Ferro Alloy Unit,

Refrectory Units and One Subsidiary spreadover Seven states of India

Extensive marketing network spread all overIndia with 37 Branches, 67 Warehouses, 27

Customer Contact Offices and over 3500 Dealersand Rural Dealers covering all Districts of India.


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SAIL has its own R&D centre & Management Training Institute at

Ranchi with state of art facilities.

Centre for Engineering & Technology provides technical solutions for

projects and design engineering.SAIL has 103 thousand employees on its rolls as on 31.12.2012

Product quality is established in the international market - Exports to

around 20 countries including EU, Middle East, SE Asian & neighbouring

countries


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Authorized Capital: INR 5,000 crore (US$ 909

million),

Paid up capital: US$ 751 million (INR

4,131 crore

85.82% of shares owned by Government

Market capitalisation of Rs. 39,653 crore (US$

7.2 billion).

SAIL was awarded the Navratna Status in 1997

and was upgraded as Maharatna in 2010.


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VISION

To be a respected world class

corporation and the leader in Indian

steel business in quality, productivity,

profitability and customer

satisfaction.


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IMPORT

PROCEDURE IN STEEL AUTHORITY


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Objective of project

To know the various procedure in importing coal

And payment in foreign exchange.

DATA COLLECTED

As the data collected from secoundary sourses..


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In exercise of the powers conferred by theForeign Trade (Development & Regulation )Act,1992, the Government has issued thefollowing Rules & Orders:

(i)Foreign Trade (Development & Regulation )Act,1993,

(ii)Foreign Trade(Exemption from Application ofrules in Certain Cases) Order 1993;

(iii)Notifications under Foreign Trade (Development& Regulation) Act,1992.


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Import Trade Organization

Ministry of Commerce

Ministry of Commerce is the overall incharge of foreigntrade in India.

Director General of Foreign Trade

The office of Director General of Foreign Trade (DGFT)is responsible for the execution of the Import- Export

Policy of the Government of India. It has subordinateoffices primarily responsible for issue of Import ExportCode numbers, grant of ImportExport License ofvarious types


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Custom Authorities

Customs clearance of the imported goods isdone by the customs authorities


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IMPORT PROCEDURE

Selecting the Commodity

Proper selection of the commodity will

depend upon various commercial and legal

considerations

Selecting the Overseas Supplier

Imports can be made from any country of the

world except Iraq.


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Credit worthiness of the Overseas Supplier

The credit worthiness of the overseas supplier, hiscapacity to fulfill that contract etc. should therefore, beproperly verified before entering into a contract withhim

Finalising terms of Import

Modes of Settlement Payment

Advance PaymentPayment/Acceptance against documentary collection

Payment under Letter of Credit


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Procedures undertaken in SAIL for Importing Coal

Coking coal is required for manufacture of coke inthe coke-ovens in the manufacture of steelmaking by integrated steel plants. Coke is chargedin the Blast Furnaces in the process of hot metal

production. SAIL has a total requirement of approx. 15 million

tonnes of coking coal. Out of this, approx. 10million tonnes of coking coal is required to be

imported and the balance is tied up withindigenous sources, the major suppliers beingBCCL and CIL


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Long Term Agreements :The requirement of

imported coking coal is met largely through

long term agreements

SAIL imports coking coal under Long Term

Agreements with suppliers from Australia,

U.S.A and New Zealand A now source of Soft

coking coal is Indonesia


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Global Tender: Global tenders are invited to

meet the balance requirement of imported

coking coal and orders are finalized after a

careful tech no-commercial evaluation ofthe offers the conformity of offers to tender

terms and conditions and on the basis of price

offered


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SHIPMENT PLANS AND LEAD TIME

Voyage time-The average time taken for ashipment to reach Indian ports of discharge fromvarious loadports varies with the distance asshown below :

Australia (East Coast): 18 days New Zealand: 20 days

U S.A : 30 days

Indonesia :10 days China :14days


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Ports of loading

Exporting Countries

AUSTRALIA

UNITED STAES OF AMERICA NEW ZEALAND

CHINA

INDONESIA


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Discharge Ports

All shipments of coking coal for SAIL are

discharged at one or more of the three major

ports on the East coast of India,

Visakhapatnam,

Paradip

Haldia


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RATES ON THE PRICE OF IMPORTED COKING COAL

Payment for ail imports of coking coal are

made in US Dollars. since the price of coal in

the international market is quoted in US

Dollars.

The fluctuations in the US Dollar - Indian

Rupee exchange rate affect the total outflow

towards payment to suppliers.


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Financesare usually made through the Letter

of Credit from State Bank of India, Canara

Bank etc.

In certain cases Open Payment Methods are

also used wherein the payment is made when

the material is received through e-banking


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Thank you

Steel Authority of India Ltd.pptx

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