PRESIDENTS DESK

Dear Members,

 

The GST Council has announced 18% rate for plastics and products falling under Chapter 39 with very few exceptions pegged at 28% :-

 

1.  Floor coverings of plastics, whether or not self-adhesive, in rolls or in form of tiles; wall or ceiling coverings of plastics [3918]

 

2.  Baths, shower baths, sinks, wash basins, bidets, lavatory pans, seats and covers, flushing cisterns and similar sanitary ware of plastics [3922]

 

3.  Other articles of plastics and articles of other materials of headings 3901 to 3914 [except bangles of plastic (3926 40 11) and PVC Belt Conveyor (3926 90 10)] [3926]

 

The default or standard rate for Services under GST would be 18%.

 

A detailed Representation regarding the anomalies in the GST rate schedule for Plastic products will be sent to the GST Council.

 

The 5th edition of the Seminar on “Crucial Role of Maintenance in Plastic Processing Industry” is scheduled on Tuesday 20th June 2017 at Novotel, Ahmedabad.

 

OPPI has already held earlier seminars in Mumbai, Daman, Chennai and Hyderabad. New topics and Speakers have been added for the upcoming Ahmedabad event. We have emailed details to all our members. These Seminars are intended to help processors in achieving Zero Breakdown, reduce their Maintenance Cost introduce Good Manufacturing Practices. Plastic Processing Machinery manufacturers fully support these Seminars since they result in reduction of service cost. I urge all OPPI members to attend this Seminar and take full advantage of the benefits.

 

PROPLAST-2018 is taking good shape under able leadership of Mr. C. Bhaskar. As on date there are 103 confirmed exhibitors, who have booked 3153 sq. mtrs. Further 32 exhibitors for 618 m2 space are in pipeline.

 

As you are aware, the OPPI Directory will be published in the first week of February 2018. This Directory is not only used by Buyers from Indian companies but is also popular with Importers from various countries who choose to source quality Plastics Products from India. We urge all our members to kindly book advertisement in the OPPI Directory early.

 

With Best Wishes,

 

Achal Thakkar

 

President