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A Gujarat-based API manufacturer had been exporting to Germany for 3 years under standard MFN tariff and not claiming RoDTEP or any GSP preference. Annual exports were EUR 5M. The company was unaware that their specific API HS codes qualified for EU GSP preferences and RoDTEP, and was leaving significant money unclaimed.
AJG conducted a complete FTA and incentive audit of the exporter' 12 exported API HS codes. For 8 of the 12 codes, EU GSP Standard preference reduced the 3.5-6.5% MFN duty by approximately 20-30%. RoDTEP rates ranged from 1.8%-2.4% for pharmaceutical intermediates and APIs. EPC RCMC from PHARMEXCIL was obtained. The German buyer was engaged to present COO at EU customs for GSP preference.
Annual EU GSP duty saving: EUR 85,000 (shared value between Indian exporter price reduction and German buyer duty saving). RoDTEP annual benefit: INR 1.8 crore (approximately USD 215,000). Total annual combined benefit: approximately USD 340,000. Investment: PHARMEXCIL RCMC (INR 15,000/year) plus COO issuance cost (INR 1,200 per shipment).
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