SME

Tesla is also expected to start importing its cars to India and make an investment in the country

As the government tables the Telecommunications Bill, 2023 in Lok Sabha, the move is seen as a big win for Sunil Mittal's OneWeb, which had been pushing for the same

The ISA said that with strong momentum in infra spending and sustained growth in urban consumption, steel demand in India would expand by 8-9 mt every year in the next two financial years

There is no stipulation that a free replacement must come only after re-export of the wrong shipment

In FY24, cotton yarn prices are projected to fall almost 15 per cent due to a high base and subdued export demand. This is expected to hurt price realisation

Section 16 of the CGST Act, 2017 allows you to take input tax credit of the input tax charged on any supply of goods or services, or both, subject to certain conditions

Business Standard brings you the fortnightly Q&A on SMEs

Business Standard brings you the fortnightly Q&A on SMEs

Private security players' key service offerings include manned guarding, cash management services, and allied services such as electronic security services

Under the Customs laws, you are required to declare the transaction value, i.e., the price paid or payable for the goods

'As long as you expect to realise the CIF/CFR value of the goods and declare it correctly in your shipping bill/EDF, there is no violation under FEMA'

In December, the domestic pharmaceuticals market grew 10.4 per cent on exceptional growth in both volume sales and prices

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)

Practically, it is difficult to escape payment of customs duty and interest even when the goods are destroyed or re-exported

Globally, supply is expected to ease as output in Brazil and Thailand, both major producers, is likely to revive

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

The ICPO referred to by you does not give you full payment security, as, say, a bank guarantee or irrevocable LC would give

Small and medium enterprises (SMEs), which account for 60-65 per cent of the health care delivery market, stand to benefit from the improvement

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

After initiation of CIRP, the liquidator can secure the imported goods from the Customs to be dealt with appropriately in terms of the IBC