https://nonstandardd.blog.shinobi.jp/ Wed, 08 Jul 2020 02:47:28 GMT ja © Ninja Tools Inc. china bearing Factory since the BJP came in to power. These include England, Australia, America, Malaysia and Israel.2 per litre in May 2014, while it is Rs 19]]> motorcycle-bearing-Factory https://nonstandardd.blog.shinobi.jp/motorcycle-bearing-factory/the%20congress%20on%20friday%20acc Wed, 08 Jul 2020 02:47:28 GMT nonstandardd.blog.shinobi.jp://entry/3
There are several other popular Indian two-wheeler models which stand "burgled" by Beijing, violating intellectual property rights (IPR) with vengeance and without any sign of regret, remorse or acknowledgement to Indian ingenuity.However, despite the high excise duty on pillow block ball bearing indigenously manufactured goods, "Made in India" stuff was protected as imported goods often attracted an even higher rate of customs duty. Therefore, instead of becoming a producer, India has emerged as a huge consumer market, making it easy for China to pander to only a handful of Indians who will ostentatiously help develop a mutually-beneficial Sino-Indian market — a "win-win" scenario for both Chinese producers and Indian consumers. $200-400 could be Chinese yuan 1,305-2,610. No wonder the world now faces a Donald Trump whose catchy slogan "Make America great again" creates an opportunity for China to push for and create an alternate market through BRI/OBOR/CPEC. Interestingly, the value of finished industrial goods or its end-use retail price was hardly a matter of concern because a higher production price tag would imply a higher revenue owing to it being ad valorem (Latin: a tax proportional to the value of the goods taxed) rate of tax.A careful scrutiny of the Chinese product inventory shows the listed price (which certainly can’t be reliable as Beijing often sells goods at prices much lower than the listed price) of two-wheelers is as low as $200-400 (`12,800-25,600).My last official visit to a major Indian factory producing consumer goods took place over two decades ago.

The West, however, also benefited from China’s low exchange rate currency manipulation, that kept Chinese fast-moving consumer goods (FMCG) ridiculously affordable.The conservative school of thought believes globalisation and privatisation are liberal West-promoted and corporation-mentored long-term attempts to transform and transgress the Westphalia nation-state concept to maintain their hegemony over a system which admirably stood the test of time for over 350 years. Thus, what began as China’s "Mission West" to lure manufacturers from London to Liaoning and from Boston to Beijing, its small-scale sector graduated to medium and ultimately to heavy industries and high-tech through reverse engineering, violating all canons of intellectual property rights.In this background came my December 2017 visit to India’s iconic Royal Enfield motorcycle factory in Chennai. The classical economic theory of "free movement of capital, goods and labour to convenient and cheap places" was reiterated with fanfare. Successive stints of weak administrations hampered the desired expansion and indigenisation of the industrial sector. Known to manufacture "high-priced and heavy" but quality two-wheelers. This cut out all competitors. Since those were indigenously-made consumer goods that had no cheaper Chinese equivalents to compete with, it was "advantage India" in a true sense.China managed to pull Western industrial companies to its soil. But what perhaps initially remained hidden, unforeseen, unanticipated and incomprehensible was that a Third World country like China would be the biggest beneficiary thereof, taking full advantage of its cheap labour and attractive terms offered for (foreign) capital (investment) and mass production of goods to a ridiculously end-of-the-earth state and stage to the detriment of Western interest as well as those of other Third World and developing nation states.As far as India is concerned, China does not yet feel threatened by New Delhi’s industrial production because it has assessed the Indian scenario and psyche well, thanks to a long spell of coalition polity. Just imagine that! The huge price variation notwithstanding, the huge difference between the superior-quality Indian Royal Enfield and a light, unreliable, cheap Chinese two-wheeler is evident. The Indian Kawasaki 2250 is the Chinese Wing-150, and the Indian Bajaj Pulsar RS-200 is the Chinese Lion-150. Multinationals moved their operations to China overnight to take advantage of its low labour costs and huge domestic market. But being indigenously produced, the goods attracted a somewhat high rate of Central excise duty under the Central Excise Tariff Act 1985 (read with Central Excise Act 1944), and several state-imposed tariffs in the form of levies. That was when the Central excise and customs department, of which I was a part, was a major source of government revenue. The concept of globalisation and global village was essentially an economic plan of the West to create and cast the net further for increased profit given its possible decline in fortunes and shrinking political influence. And that constitutes a real threat to India’s manufacturing sector.Here lay, and still lies, an important component of the production-distribution-consumption scenario of applied economics. This began owing to the post-Cold War crisis of confidence in the usually dominating and domineering multinational corporations, which invariably had their headquarters in the West. US companies took the lead on "Mission China" — as a result of which China’s manufacturing sector boomed]]> motorcycle-bearing-Factory https://nonstandardd.blog.shinobi.jp/motorcycle-bearing-factory/there%20are%20several%20other%20po Wed, 17 Jun 2020 02:45:23 GMT nonstandardd.blog.shinobi.jp://entry/2 motorcycle bearing Factory (GST) cutting a bitter taste in the mouth. "The computerisation process is still on. Take Mumbai’s Brij Albela for instance which is struggling to migrate its system to the new tax regime.Moreover, there is usually a hike in prices of sweets in July, according to Bhartendu Singh of Chandu’s, a famous sweet shop in Mumbai. They were ready to walk away on seeing the increased prices," said a worker at one of the leading sweet-shops in the city. "This year we have decreased the prices for these sweets in the range of Rs 20-60 per kg owing to GST, so that it does not tax the customer too much," said Singh. Till then, we are not charging GST to our customers.However, sweet-shop owners, especially the small-scale ones are struggling to keep up with the slew of GST clarifications. "We have had to adjust the prices of namkeen here and there for our regular buyers ..

We are bearing the tax charged while buying raw materials from our pockets," rued the owner Trilok Sharma.GST, which was introduced in July, 2017 to subsume a string of levies, taxes the most important part of the festive diet -- sweets -- at a rate of 5 per cent.The Central Board of Excise and Customs on August 4 clarified that all sweets, whether they contain chocolates or not, will attract 5 per cent GST.Although some brands like Damodar Sweets claim that consumer sales have been unaffected by GST, others claim consumers have been hesitant, especially in picking savouries, that earlier attracted a concessional VAT of 5 per cent. The hike is in the range of Rs 10 to Rs 30 per kg for bestselling sweets like kaju katli and peda. He added that although sales double during Rakhi, this year they will be running losses as their systems are not GST-compliant yet. Other celebratory items like savouries and chocolates also attract GST rates of 12 per cent and 28 per cent respectively. This has led to confusion, with some shopkeepers saying there is 28 per cent GST for sweets containing chocolate and others claiming it is 5 per cent.With Raksha Bandhan usually marking a jump in sales of sweets, GST has left smaller sweet-shop owners in distress]]> motorcycle-bearing-Factory https://nonstandardd.blog.shinobi.jp/motorcycle-bearing-factory/we%20are%20bearing%20the%20tax%20cha Tue, 19 May 2020 01:39:09 GMT nonstandardd.blog.shinobi.jp://entry/1