Page 8 - SME

Special insolvency relief framework for Covid-hit MSMEs in the works

Such firms may be allowed to opt for pre-packaged deal

Fuelled by exports, leather units to turn the corner: CRISIL SME Tracker

Leather exports plummeted in the first quarter, following lockdowns and restrictions in importing nations.

Commerce ministry should remove impossible conditions in SEZ rules: Expert

The Commerce Ministry should amend the Rule 34 suitably and also the Rules 46(12) and 46(13), as the procurement certificate has been replaced with the intimation prescribed under Rule 5 of Customs

Small loans, big stakes: Why MSMEs are banking on fintech lenders

Speed and flexibility to cater to a wider segment of small borrowers are tilting market in their favour

Factory reset: Okhla MSMEs limp back, garment units still ailing

Export logistics are troubling many industries. While some are facing container shortages, others are looking at increased freight costs in key markets

Receipt of exports from third party must be declared upfront: Expert

We exported certain goods last year and received full payment. The buyer rejected a part of the consignment

Seafood industry to recover in FY22 on strong demand: CRISIL SME Tracker

Domestic appetite for seafood waned as the pandemic-induced lockdown weakened demand from hotels, restaurants and cafes

Actual freight and insurance should be declared on shipping bills: Expert

Any mis-declaration of freight paid or payable which results in loss of revenue by way of excess drawback payment, is liable to be proceeded against under the Customs Act

Restricted launches will hurt EPC real estate players: CRISIL SME Tracker

Competition from large players, exposure to business cycles, and high working-capital intensity are key risks in the EPC segment

RoDTEP rates not decided, MEIS for exports may continue till end-March 2021

Any registered user under GST who wishes to generate IRN needs to register on e-invoice system using his GSTIN

After initial hit, health-care units likely to recover: CRISIL SME Tracker

With the working capital cycle stretched, financially weaker hospitals may have to resort to short-term loans to stay afloat.

AEO benefits continue even after switching operations to MOOWR: Expert

Operating under Section 65 of Customs Act, 1962 has no effect on AEO status

Banks can consider extending time limit for settling import dues: Expert

Weekly advice on managing small businesses. This time SME chatroom talks about a RBI directive on import of goods and services.

Steel traders, re-rollers face weak domestic demand: CRISIL SME Tracker

A moderate demand revival is expected in the second half of this fiscal, led by improving auto sales and pick-up in construction activity.

Auto-component units face 14-16% fall in revenue: CRISIL SME Tracker

Small and medium enterprises (SMEs), which make up a third of the sector, have been badly hit.

Indian entities can give guarantees on behalf of WOS abroad: Expert

Provided that the terms and conditions stipulated in Foreign Exchange Management Regulations, 2000, for promoting or setting up such company or subsidiary are continued to be complied with

Next set of asset quality woes for lenders to come from MSME segment

Gross NPAs at 12.8 per cent in June are up 140 bps year-on-year, marking the sharpest surge across asset pools

High gold prices, weak demand hit gems, jewellery units: CRISIL SME Tracker

The sector is expected to contract by 35-40 per cent in value terms in FY21, as both domestic and export demand get impacted by the Covid-19 pandemic

Provisional assessment allowed when Customs doubt origin of goods: Expert

Compulsory verification of assessment will be discontinued once the importer demonstrates that he has established adequate system of controls to exercise reasonable care

Small, medium shipbreakers face contraction in revenue: CRISIL SME Tracker

Shipbreaking volumes are expected to remain under pressure in the current fiscal year too