Page 6 - SME

Centre to emphasise development of MSMEs in North East: Union Minister

Rane, the minister for MSMEs, said the sector plays a significant role in terms of job creation and expanding the manufacturing base.

SME Chatroom: General bond can be furnished for warehousing imported goods

Business Standard brings you the fortnightly Q&A on SMEs

SME Chatroom: Anti-dumping duty on inputs payable on sales from SEZ to DTA

Business Standard brings you the fortnightly Q&A on SMEs

Revenues of auto-parts SMEs set to grow 10-14% in FY22: Crisil SME Tracker

The increasing desire for personal mobility is driving passenger vehicle and two-wheeler sales growth.

HDFC Bank, USAID, others launch $100-mn Covid-19 credit facility for MSMEs

The credit facility will extend working capital loans to small businesses that need financing to support their digitisation and recovery from the effects of the pandemic, HDFC Bank said

SME Chatroom: 'IGST refund rules for exports by EOUs need to be reviewed'

Business Standard brings you the fortnightly Q&A on SMEs

SME Chatroom: 'Defective packaging can imperil marine insurance claims'

Clause 4.3 of Institute Cargo Clauses (C) says that in no case will insurance cover loss, damage or expense caused by insufficiency or unsuitability of packing or preparation of subject matter insured

Recovery in volumes, shift to non-voice to lift ITeS SMEs: CRISIL Tracker

The sector operates in three key segments -- customer relationship management (CRM), knowledge, and transactions.

SME Chatroom: 'ITC available based on IGST payment shown in bill of entry'

In the case of related party transactions, where contemporaneous imports/exports are not available, the matter goes to the Special Valuation Branch for further investigations

How Indian festivals are creating job opportunities for SMEs?

Diwali, which is one of the most popular Indian festivals celebrated during October or November every year, provides employment to about 4 million people who work in the industry

SME Chatroom: 'RoSCTL claims must be filed within the stipulated deadlines'

There is no provision of late cut under RoSCTL

Steel industry to rebound strongly but MSMEs may trail: CRISIL SME Tracker

MSMEs, which account for 90-95 per cent of re-rollers, were hit harder by the pandemic

Deduction of interest due to prepayment of usance bill is allowed: Expert

Exporters may approach AD Category-I banks for reduction in invoice value on account of cash discount to overseas buyers for prepayment of the usance bills

SME Chatroom: Duty drawback permitted on FOB value without bank charges

Agency commission and foreign bank charges, separately or jointly, exceeding this limit should be deducted from the FOB value for granting duty drawback, the CBIC says

Gems and jewellery units to miss the sparkle again: Crisil SME Tracker

The first quarter bore the impact of lockdowns imposed by states to contain the second wave of infections

SME Chatroom: Destruction of goods warrants reversal of input tax credit

Submit copies of correspondence with the buyer to the bank explaining the reasons for the inward remittance

SME CHATROOM: Third-party payment allowed for imports subject to conditions

Notification No. 66/2017 exempts all suppliers of goods who have not opted for composition scheme, from payment of GST on advances received

Covid impact: 100 units close down at Chennai's Ambattur Industrial Estate

Dwindling orders, job cuts hit South Asia's largest SME cluster

Manufacturing trouble: Covid robs Moradabad's Brass City of its polish

SMEs struggling, recovery slow; rise in key raw material cost hurting exporters

Second wave of the Covid-19 pandemic throws auto SMEs out of gear

Hope rests on exports and festive season accelerating recovery