Page 10 - SME

No duty or tax payable by EOUs on re-export of goods imported free of duty

The merchant exporter can take credit of the GST that you charge and claim a refund of the same under Rule 89 (4B) of the CGST Rules, 2017

CRISIL SME Tracker: Chinese slump a godsend for SMEs in chemicals industry

In fiscal 2020, CRISIL Research expects domestic demand for specialty chemicals to remain robust, driven by key end-user industries

Criteria for identifying risky exporters not made clear by CBIC: Expert

A subsequent Circular, says that only a miniscule percentage of export consignments are being selected for examination on account of risk associated with fraudulent availment of IGST refunds

CRISIL SME Tracker: Document skew, regionality to weigh down courier SMEs

The e-commerce industry is the fastest-growing segment of the courier industry, accounting for 25-30 per cent of its revenues

'EOUs can import goods from Pakistan without paying customs duty'

The 5/2019 notification grants exemption on goods imported by EOUs from the whole of customs duty leviable thereon under the First Schedule to the Customs Tariff Act, 1975

Crisil SME Tracker: A raft of positives for MSMEs in Budget 2019

Among the announcements was a two per cent interest rate subvention on fresh loans for GST-registered MSMEs, which would benefit a fifth of all MSMEs in India

Traders must furnish all information called for by authorities: Expert

Free shipping bills as well as third party exports can be counted towards discharge of EO against EPCG authorisations

Over half the SME universe in the red: Here're the top losers since 2012

BSE lists 300th SME; more than 500 such firms on exchanges

CRISIL SME Tracker: Truckers' margins likely to fall 50 bps in FY20

The resultant increase in freight capacity has led to an oversupply of trucks in the freight transportation industry

Explaining the rules on who evaluates imported goods from related party

Questions from exporter, travel agent, packing company about taxes answered.

Crisil SME Tracker: Ayushman Bharat a blessing for SME hospitals

The scheme has helped improve health care penetration in terms of both number of people covered and amount of health care assurance, with nearly 15,224 hospitals empanelled and 26 lakh treatments

MEIS cannot be claimed 2 years after prescribed last date: TNC Rajagopalan

Para 9.12 gives a further period of two years from the prescribed date for filing the claim and sanction with a late cut in the entitlement

Weak rural income, waning demand impact revenue of auto component SMEs

The auto component industry depends heavily on domestic vehicle makers, which account for 65 per cent of total demand in value terms

What do GST rules say about refund for exporting goods and their payment

TNC Rajagopalan explains GST rules on exports and scrips.

Crisil SME Tracker: Ceramic tile makers may face double whammy

NGT order is expected to reduce the exports of SME tile manufacturers, leading to a fall in sales volume by two to four per cent in the current fiscal

Export of sample is zero-rated in accordance with Section 16 of IGST Act

'AD Cat I banks may close BoE for import deals where write-off is for quality issues'

Ludhiana facility to fast-track bicycle SMEs, says CRISIL report

The industry is clustered in Ludhiana, Punjab, and as many as 85-90% of units are SMEs that cater to original equipment manufacturers

Legal action cannot be made illegal through a retrospective amendment

SME queries related to excise, VAT and exim policy answered

Small and medium sugar millers' margins will get sweeter: CRISIL

The central government raised the MSP from Rs 29 per kg to Rs 31 in February 2019 and sanctioned soft loans of Rs 10,540 crore to help mills repay their cane debt

SWC not payable when basic customs duty debited to MEIS or SEIS scrip

SWC is levied as a percentage of basic customs duty (BCD). So, when BCD is debited to MEIS/SEIS scrip, it is exempted and consequently SWC is also nil. So, it need not be debited to MEIS/SEIS scrip