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May 25, 2022, Wednesday

Revenue outlook bright for electronics SMEs: Crisil SME Tracker

Consumption of electronics in the domestic market is estimated to grow 15-20 per cent to Rs 11-12 trillion, compared with 18-22 ...
May 16, 2022, Monday

SME Chatroom: Banks can write off import entry in IDPMS over quality issues

RBI rules allow AD Category-1 banks to close BoE for such import transactions where write-off is due to short shipment or ...
May 02, 2022, Monday

SME Chatroom: Purpose of shipping mark to enable package to be identified

If an LC specifies the details of a shipping mark, the documents mentioning the marks should show these details; additional ...
April 26, 2022, Tuesday

Chemical MSMEs to log robust growth, margins stressed: CRISIL SME Tracker

MSMEs' double-digit revenue growth will be powered by improved price realisation
April 18, 2022, Monday

'Unconfirmed LC binds only the issuing bank to pay'

In a freely negotiable LC, any bank can negotiate the LC compliant documents, pay the party and claim reimbursement in accordance ...
April 04, 2022, Monday

'Commerce Ministry unaware EOUs are not bonded warehouses'

Apparently, the Commerce Ministry is not yet aware of these changes, and so, the SEZ Rules, 2006, remain unchanged.
March 28, 2022, Monday

Textile sector's growth to continue next fiscal as well: CRISIL SME Tracker

Margins will continue in the 10-12 per cent range in FY23 as well
March 21, 2022, Monday

'Return of advance to foreign buyer after 12 months requires RBI nod'

Therefore, please send a suitable request to RBI, through your bank, explaining the reasons for the failure to export and the ...
March 07, 2022, Monday

SME: 'Due date of sight bill should be counted from date of presentation'

What a firm seeking supplies from abroad on credit should do in case there is an error in the contractual documents
February 24, 2022, Thursday

Security services industry on slow comeback course: CRISIL SME Tracker

As a result, despite a projected 10-15 per cent growth this fiscal, the industry is expected to fall back to the FY18 level owing ...
February 21, 2022, Monday

SME: 'Ad hoc norms valid for 3 yrs or till March 31, whichever is later'

So, the norms approved in 2017 will be valid till 31.03.2022 and the norms approved in 2020 will be valid for three years from ...
February 07, 2022, Monday

SME Chatroom: Anti-dumping duty can be levied with retrospective effect

Most countries have aligned their tariffs at the six-digit level.
January 26, 2022, Wednesday

Domestic demand to drive pharma SMEs' growth in FY22: Crisil SME Tracker

March-May 2021 was a particularly good period for Indian formulators due to exceptional demand for drugs amid the second wave of ...
January 24, 2022, Monday

SME Chatroom: HS Code error in bill of entry can be amended after clearance

Here's how to claim a refund of the excess duty paid
January 10, 2022, Monday

SME Chatroom: No interest liability due on retrospective amendment

However, it would help all persons concerned if the CBIC issues a clarification in this regard
January 03, 2022, Monday

Sugar mills to deliver better revenues, profits this season: CRISIL tracker

Exports are likely to be robust at about 5 million tonne. A 15-16 per cent rise in international prices is expected to make ...
December 28, 2021, Tuesday

Re-import of steel cylinders should be exempted from SIMS registration

See no reason to cover re-imports of such Indian origin goods under SIMS
December 07, 2021, Tuesday

BSE, HBF Direct sign pact to promote listing of SMEs, startups

Leading stock exchange BSE on Tuesday said it has collaborated with HBF Direct Ltd to encourage and promote listing of small and ...
December 02, 2021, Thursday

SME Chatroom: FTP allows exports through third party

Para 9.60 of FTP says that "third-party exports" means exports made by an exporter or manufacturer on behalf of another exporter
November 30, 2021, Tuesday

Recovery in regular treatments to boost SME hospitals in FY22: CRISIL

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