INFRASTRUCTURE: With the Himachal government starting development work in Baddi finally, the town will soon offer world class facilities.

Baddi set for a new look

Business Standard

The growing popularity of LPG has put paid to the hopes of Nutan stove makers in Madhya Pradesh.


Nutan no more

We are manufacturers, exporters and traders in steel items. Our turnover from the export business is around Rs 4 crore and local sales exceed Rs 2crore, of which scrap sales constitute roughly 50

Cable operators not exempt from service tax

Under the post-export EPCG duty credit scheme, do we have to apply for the EPCG authorisation before export, or after export? Also, can we pay the duty through the Status Holder Incentive Scrip (SHIS)? As per notifications 5/2013-Cus and 6/2013-Cus both dated 18.02.2013, application for EPCG authorisation should be filed before import. Also, the EPCG authorisation should be obtained and got registered with Customs before import. If the authorisation is a zero duty variant, you should obtain the authorisation before 31.3.2013 and complete imports before 31.12.2013. It is the duty credit that is granted as remission of basic customs duty paid that you can claim after exports, in proportion to the export obligation fulfilled. The notifications say that the said authorisation is not for import under duty exemption but for import of the goods specified in the Table 1 annexed to the notification on full payment of applicable duties in cash. Therefore, you cannot pay the duty under the scheme

'EPCG authorisation must be registered with Customs before import'

Union Budget 2013-14 has evoked mixed reactions from the micro, small and medium enterprises (MSME) sector. The Federation of Indian Small, Micro and Medium Enterprises (FISME) said it was disappointed that the proposed investment allowance at the rate of 15 per cent for manufacturing companies that invest in plant and machinery during the period April 1, 2013 to March 31, 2015 is restricted to large companies.For a company to avail of the benefit, the investment has to be more than Rs 100 crore. Why are MSMEs excluded when the finance minister was so eloquent about their contribution to job creation and industrial production, it asked.It said allowing continuance of non-tax benefits to MSMEs for three more years after they cross the MSME threshold addresses the concerns of multi-brand retailers. They had expressed concern that fulfiling the 30 per cent sourcing target from MSMEs was untenable, as most MSME suppliers would cease to be MSMEs once they are equipped with the needed plant

MSME body welcomes Budget proposals, selectively

Each could garner business worth as much as Rs 3,000 crore

Private firms set up industrial parks to meet SMEs' demand

The Uttar Pradesh Export Corporation Limited (UPECL), a state government undertaking engaged in the development and marketing of handicrafts and handloom items produced in Uttar Pradesh, is set to

Lucknow chikan to get patented

Kolkata-based small and medium Bengali book publishers have been badly hit due to the uncertainty over a venue for the annual Kolkata Book Fair.


Future tense for Kolkata publishers

The Federation of Indian Small and Medium Enterprise (FISME) has invited proposals from consultancy firms to carry out a study that would, for the first time, identify the number and location of

Study sought on SME labs

Aims at providing Rs 66 crore under this head during the current fiscal, and plans to set up a multi-dimensional resource centre in Bhubaneswar.


SIDBI plans to focus on micro-finance in Orissa

Advance authorisation can be issued either to manufacturer exporter or merchant exporter tied to supporting manufacturers for physical exports. 


Supplies to SEZ are physical exports

National Bulk Handling Corporation Limited (NBHC), a group company of Financial Technologies (India) Limited (FTIL), is an end-to-end solutions provider in warehousing and bulk handling of

`Our focus area for 2008-09 will be rural areas`

Cairn India, which has discovered the largest oil field in the country in Rajasthan, after ONGCs Bombay High discovery in 1974, and International Finance Corporation (IFC) have opened an enterprise

Cairn sets up training programme for SMEs

The $100-million fund, which has the option to raise a further $200 million, will benefit small and medium enterprises engaged in defence production


Venture fund for defence firms

Taking quality as the topmost priority and further to compete in the global market, the northern region companies, especially the SMEs sector, are focusing on quality control by implementing TQM

Quality: The new mantra for small firms

Envisages generation of one million direct and indirect opportunities 


TN chalks out new MSME policy

Development of software falling under Information TechnologyService is not taxable


Modifying software is a service

To encourage the small and medium enterprises (SMEs) in India towards higher adoption of information technology Microsoft India, in association with PricewaterhouseCoopers (PwC), have announced the

Microsoft, PwC awards  for small firms in India

Small and medium enterprises (SMEs, or companies with up to 999 employees) in India are likely to spend $9.7 billion on information technology (IT) infrastructure in 2008, up 22 per cent over 2007,

Small businesses spending big on VPN, firewalls

If the additional duty is not levied, domestic producers (who do pay VAT) can become less competitive vis-`-vis imports.

Cenvat creates level playing field for domestic producers

&nbsp;We are merchant exporters. We had issued CT1 form to our supporting manufacturer, who cleared the goods without excise duty payment.

Furnishing proof of exports

SME: Find all the latest news on Small and Medium-Sized Enterprises in India. Explore more for the top headlines about SME sector on Business Standard.

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