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Wednesday, December 25, 2024 | 10:01 PM ISTEN Hindi

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Page 4 - SME

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 more instalments)

Chatroom: 'Export duty is not part of the price paid or payable for goods'
Updated On : 23 Jan 2023 | 11:29 PM IST

'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

'DGFT should clarify duty payment for destruction of imported goods'
Updated On : 09 Jan 2023 | 11:46 PM IST

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

Sugar industry MSME margins hit by flat product prices: CRISIL SME TRACKER
Updated On : 28 Dec 2022 | 6:02 PM IST

'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 India, not being a unit in Special Economic Zones

'Proving identity of re-imported goods essential for claiming exemption'
Updated On : 12 Dec 2022 | 11:18 PM IST

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

Chatroom: 'RoDTEP credit doesn't lapse after 1 year from scroll generation'
Updated On : 29 Nov 2022 | 12:34 AM IST

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 the improvement

Non-Covid services may boost hospital SMEs in FY23: CRISIL SME Tracker
Updated On : 25 Nov 2022 | 11:09 PM IST

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 no refund of such ITC or IGST paid on the goods has been claimed

Chatroom: 'Drawback of IGST also available on re-export of imported goods'
Updated On : 18 Oct 2022 | 10:54 PM IST

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 of the IBC

Chatroom: 'After imposition of moratorium, IBC prevails over Customs laws'
Updated On : 03 Oct 2022 | 11:47 PM IST

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 segments - customer relationship management (CRM), knowledge, and transactions

ITeS sector's growth prospects in FY23 augur well for SMEs: CRISIL
Updated On : 26 Sep 2022 | 5:29 PM IST

'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 customs portion, should be insisted upon by field formations

'AIR DBK available on goods made solely from domestic inputs'
Updated On : 20 Sep 2022 | 12:41 AM IST

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

SME Chatroom: 'Assessable value can be different from invoice value'
Updated On : 05 Sep 2022 | 6:47 PM IST

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, and logistics and labour issues, among other factors

CRISIL SME tracker: Export duty will hurt large steel players, spare MSMEs
Updated On : 30 Aug 2022 | 12:52 AM IST

'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 been done away with

'Space availability certificate not required for filing in-bond B/E'
Updated On : 09 Aug 2022 | 12:14 AM IST

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

Twin headwinds lash SMEs in gems and jewellery sector: Crisil SME Tracker
Updated On : 29 Jul 2022 | 11:52 PM IST

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

SME Chatroom: 'SEZ units need to be net foreign exchange earners'
Updated On : 26 Jul 2022 | 1:20 AM IST

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

SME Chatroom: Tribunal allows refund of CVD, special additional duty & cess
Updated On : 11 Jul 2022 | 11:25 PM IST

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 SMEs

SME EPC road contractors face shrinking margins as input costs spike
Updated On : 09 Jul 2022 | 12:29 AM IST

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 said IGCR Rules.

SME Chatroom: 'IGCR Rules apply only when exemption notifications say so'
Updated On : 28 Jun 2022 | 2:51 AM IST

'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

'Supplies from DTA to SEZ attract export duty'
Updated On : 13 Jun 2022 | 11:23 PM IST

'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 supplied to an EPCG authorisation holder

'MOOWR is a duty deferment scheme'
Updated On : 30 May 2022 | 11:01 PM IST