Page 11 - SME

Force majeure does not extend expiry dates in letters of credit: Expert

A bank will not, upon resumption of its business, honour or negotiate under a credit that expired during such interruption of its business

Chemicals manufacturers brace for drop in revenues: CRISIL SME Tracker

SMEs account for 30-35 per cent of the industry (in value terms), and are clustered around Gujarat, Maharashtra and the Delhi-NCR region.

'Drugs imported from unregistered dealers cannot be sold to local buyers'

In my opinion, the shipments made within the original or extended EO period can be counted towards discharge of EO, regardless of when you made the application for EO extension

Crisil SME Tracker: Profitability of dairy units will rebound in FY21

Retail milk prices rose by 3-4 per cent during April-December 2019

'Export incentives available on rupee payment through Vostro account'

That PN does not extend the first block or final EO period. It only relaxes the period within which you can ask for extension of first block or final EO period.

RBI manna for MSME sector can spur demand, says CRISIL SME Tracker

The benefit would be available to MSME loans that were in default but "standard" as on January 1, 2019

MSMEs grapple with stress even as govt grants more time for restructuring

Muted demand, non-payment by large customers, and unwillingness on the part of banks to restructure loans takes a toll on the sector

Budget's much-needed leg-up for small units: CRISIL SME Tracker

An evaluation of 13,000 MSMEs using the CRISIL Quantix database shows that working capital comprises over half of their need for debt

No duty, if EOU destroys goods within or outside EOU, says expert

If the authorisation is issued under notification 21/2015-Cus dated April 1, 2015, you cannot get IGST exemption

Higher 'dal' prices spoil the broth for millers: CRISIL SME Tracker

In kharif 2019, sowing was delayed due to late arrival of the south-west monsoon

CRISIL SME Tracker: Small EPC contractors stuck in the realty rut

Over the past three years, the real estate industry has been affected by regulatory changes such as the Goods and Services Tax, Real Estate Regulatory Act, and the thrust on affordable housing

EPC road contractors face slower revenue growth: CRISIL SME Tracker

This is mainly due to lower investments in rural roads via the Pradhan Mantri Gram Sadak Yojana (PMGSY) and moderation in awarding by the National Highways Authority of India

Drawback brand rates can be fixed on basis of averages, says expert

As per Para 4.43 of FTP, "Goods imported against Advance Authorisation Scheme, which are found defective or unfit for use, may be re-exported, as per Department of Revenue guidelines

Year in Review: MSME sector poised for mega transformation in 2020

The Centre envisions a contribution of Rs 2 lakh crore from micro, small and medium enterprises (MSMEs) as India eyes becoming a USD 5 trillion economy by 2024

Govt may approve setting up Rs 5,000-crore stressed asset fund for MSMEs

With no promise of additional requisite funding, MSME ministry plans to cut existing schemes

Revival in production and exports buoys seafood firms: CRISIL SME Tracker

CRISIL Research expects the industry to grow 5-7 per cent year-on-year, compared with 6-7 per cent in the last fiscal year

'Advance authorisation is different from special advance authorisation'

The Indian company makes payment in foreign currency. Accordingly, does liability of payment of GST on RCM arise?

SME Tracker: Bulk-drug firms' prospects boosted by focus on niche molecules

Strong demand for formulations and increasing health insurance penetration would also support growth

Incoterms CPT, CIP terms oblige seller to contract for carriage, say expert

'The cost for contract for carriage must be borne by the seller, who must ensure that it is on usual terms and usual route as customary for the type of cargo'

Double whammy looms for plastic products industry: CRISIL SME Tracker

Intense competition in this highly fragmented industry is expected to put operating margins under pressure