SME
-
January 29, 2023, Sunday
CRISIL SME Tracker: Strong domestic demand to drive pharma growth in FY23
In December, the domestic pharmaceuticals market grew 10.4 per cent on exceptional growth in both volume sales and prices
-
January 09, 2023, Monday
'DGFT should clarify duty payment for destruction of imported goods'
Practically, it is difficult to escape payment of customs duty and interest even when the goods are destroyed or re-exported
-
December 12, 2022, Monday
'Proving identity of re-imported goods essential for claiming exemption'
Funds held in the foreign currency accounts of SEZ units cannot be loaned or made available to any person or entity resident in ...
-
November 25, 2022, Friday
Non-Covid services may boost hospital SMEs in FY23: CRISIL SME Tracker
Small and medium enterprises (SMEs), which account for 60-65 per cent of the health care delivery market, stand to benefit from ...
-
October 03, 2022, Monday
Chatroom: 'After imposition of moratorium, IBC prevails over Customs laws'
After initiation of CIRP, the liquidator can secure the imported goods from the Customs to be dealt with appropriately in terms ...
-
September 19, 2022, Monday
'AIR DBK available on goods made solely from domestic inputs'
As a matter of rule, no evidence of actual duties suffered on imported or indigenous nature of inputs used, even if the AIR has ...
-
August 30, 2022, Tuesday
CRISIL SME tracker: Export duty will hurt large steel players, spare MSMEs
MSMEs, which make up 90-95 per cent of re-rollers, witnessed a sharp margin contraction in FY21 owing to iron ore unavailability, ...
-
July 27, 2022, Wednesday
Twin headwinds lash SMEs in gems and jewellery sector: Crisil SME Tracker
The rise in the prices of gold will also curb demand, though it will support the revenues of SMEs
-
July 11, 2022, Monday
SME Chatroom: Tribunal allows refund of CVD, special additional duty & cess
I suggest you claim refund of CVD, SAD and cess paid towards regularisation of the default under advance authorisation
-
June 27, 2022, Monday
SME Chatroom: 'IGCR Rules apply only when exemption notifications say so'
the duty concessions are available under exemption notifications and some of them mandate the procedures prescribed under the ...
-
May 30, 2022, Monday
'MOOWR is a duty deferment scheme'
There is no customs duty exemption for inputs used in the manufacture of capital goods in a bonded warehouse, even if they are ...
-
May 16, 2022, Monday
SME Chatroom: Banks can write off import entry in IDPMS over quality issues
RBI rules allow AD Category-1 banks to close BoE for such import transactions where write-off is due to short shipment or ...
-
April 26, 2022, Tuesday
Chemical MSMEs to log robust growth, margins stressed: CRISIL SME Tracker
MSMEs' double-digit revenue growth will be powered by improved price realisation
-
April 04, 2022, Monday
'Commerce Ministry unaware EOUs are not bonded warehouses'
Apparently, the Commerce Ministry is not yet aware of these changes, and so, the SEZ Rules, 2006, remain unchanged.
-
March 21, 2022, Monday
'Return of advance to foreign buyer after 12 months requires RBI nod'
Therefore, please send a suitable request to RBI, through your bank, explaining the reasons for the failure to export and the ...
-
February 24, 2022, Thursday
Security services industry on slow comeback course: CRISIL SME Tracker
As a result, despite a projected 10-15 per cent growth this fiscal, the industry is expected to fall back to the FY18 level owing ...
-
February 07, 2022, Monday
SME Chatroom: Anti-dumping duty can be levied with retrospective effect
Most countries have aligned their tariffs at the six-digit level.
-
January 24, 2022, Monday
SME Chatroom: HS Code error in bill of entry can be amended after clearance
Here's how to claim a refund of the excess duty paid
-
January 03, 2022, Monday
Sugar mills to deliver better revenues, profits this season: CRISIL tracker
Exports are likely to be robust at about 5 million tonne. A 15-16 per cent rise in international prices is expected to make ...
-
December 07, 2021, Tuesday
BSE, HBF Direct sign pact to promote listing of SMEs, startups
Leading stock exchange BSE on Tuesday said it has collaborated with HBF Direct Ltd to encourage and promote listing of small and ...
-
January 23, 2023, Monday
Chatroom: 'Export duty is not part of the price paid or payable for goods'
you must show the export duty amount separately in the invoice and collect the aggregate amount from the buyer (whether in one or ...
-
December 28, 2022, Wednesday
Sugar industry MSME margins hit by flat product prices: CRISIL SME TRACKER
Globally, supply is expected to ease as output in Brazil and Thailand, both major producers, is likely to revive
-
November 29, 2022, Tuesday
Chatroom: 'RoDTEP credit doesn't lapse after 1 year from scroll generation'
The ICPO referred to by you does not give you full payment security, as, say, a bank guarantee or irrevocable LC would give
-
October 17, 2022, Monday
Chatroom: 'Drawback of IGST also available on re-export of imported goods'
This is subject to submission to Customs a certificate from the local GST officer that input tax credit has not been taken, and ...
-
September 26, 2022, Monday
ITeS sector's growth prospects in FY23 augur well for SMEs: CRISIL
In FY22 the ITeS sector's revenue logged 13-15% growth to about Rs 3.1 tn, riding on volume recovery across the three key ...
-
September 05, 2022, Monday
SME Chatroom: 'Assessable value can be different from invoice value'
There is a specific box in the bill of entry for Free of Charge (FOC) imports
-
August 09, 2022, Tuesday
'Space availability certificate not required for filing in-bond B/E'
The requirement of producing the space availability certificate for clearance of goods to be deposited in a bonded warehouse has ...
-
July 26, 2022, Tuesday
SME Chatroom: 'SEZ units need to be net foreign exchange earners'
SEZ units have to only achieve positive NFE and so the Customs need not demand refund of customs duty on the inputs
-
July 06, 2022, Wednesday
SME EPC road contractors face shrinking margins as input costs spike
However, national highway projects are typically executed by large contractors, with only a small proportion sub-contracted to ...
-
June 13, 2022, Monday
'Supplies from DTA to SEZ attract export duty'
Duty credit allowed under the RoDTEP scheme is subject to realisation of sale proceeds within the period allowed by the RBI
-
May 25, 2022, Wednesday
Revenue outlook bright for electronics SMEs: Crisil SME Tracker
Consumption of electronics in the domestic market is estimated to grow 15-20 per cent to Rs 11-12 trillion, compared with 18-22 ...
-
May 02, 2022, Monday
SME Chatroom: Purpose of shipping mark to enable package to be identified
If an LC specifies the details of a shipping mark, the documents mentioning the marks should show these details; additional ...
-
April 18, 2022, Monday
'Unconfirmed LC binds only the issuing bank to pay'
In a freely negotiable LC, any bank can negotiate the LC compliant documents, pay the party and claim reimbursement in accordance ...
-
March 28, 2022, Monday
Textile sector's growth to continue next fiscal as well: CRISIL SME Tracker
Margins will continue in the 10-12 per cent range in FY23 as well
-
March 07, 2022, Monday
SME: 'Due date of sight bill should be counted from date of presentation'
What a firm seeking supplies from abroad on credit should do in case there is an error in the contractual documents
-
February 21, 2022, Monday
SME: 'Ad hoc norms valid for 3 yrs or till March 31, whichever is later'
So, the norms approved in 2017 will be valid till 31.03.2022 and the norms approved in 2020 will be valid for three years from ...
-
January 26, 2022, Wednesday
Domestic demand to drive pharma SMEs' growth in FY22: Crisil SME Tracker
March-May 2021 was a particularly good period for Indian formulators due to exceptional demand for drugs amid the second wave of ...
-
January 10, 2022, Monday
SME Chatroom: No interest liability due on retrospective amendment
However, it would help all persons concerned if the CBIC issues a clarification in this regard
-
December 28, 2021, Tuesday
Re-import of steel cylinders should be exempted from SIMS registration
See no reason to cover re-imports of such Indian origin goods under SIMS
-
December 02, 2021, Thursday
SME Chatroom: FTP allows exports through third party
Para 9.60 of FTP says that "third-party exports" means exports made by an exporter or manufacturer on behalf of another exporter
