This is regarding &lsquo;when to pay the revenue deposit/extra duty deposit&rsquo; amount in case of imports by related parties. We plan to warehouse the imported consignments/goods &lsquo;in bond&rsquo; and later pay the duty amount as and when we clear the goods from the bonded warehouse.

'Duty deposit must be paid at gateway customs before warehousing'

Business Standard

The sanction of loan to priority sectors like agriculture and allied services and MSME (Micro, Small and Medium Enterprises) units failed to gather momentum in the July-September period as banks struggled to meet their annual credit plan (ACP) for 2011-12, achieving only 43 per cent by September end.

Loans to agriculture, MSME sectors on slow lane

Will expand capacity on the back of robust demand in the domestic market.

Tractor ancillaries upbeat about growth prospects

Massachusetts, USA-headquartered Dassault Syst&egrave;mes SolidWorks Corp., founded in 1993, is a player in 3D software tools that can be used in creating, simulating, publishing and managing data. Pravda Godbole spoke to Bertrand Sicot, the company&rsquo;s CEO, about one of the company&rsquo;s focus areas &mdash; Indian small and medium enterprises.

Q&A: Bertrand Sicot, Dassault Systemes SolidWorks Corp

Wapr, a business-to-business (B2B) collaboration platform created by Core Software, a Hyderabad-based web development outsourcing company, enables just that. Wapr gives SMEs a platform that helps keep everyone up-to-date in real-time.

Core Software creates B2B platform for SMEs 

The Andhra Pradesh government has proposed exclusive industrial estates for micro, small and medium enterprises (MSME) in the state.

Separate industrial estates for MSME units proposed

About 11 new industrial hubs will be developed with modern infrastructure.

Uttarakhand to focus on industry in hills

Around 62 per cent of the SME members of the PHD Chamber are satisfied with the Reserve Bank of India&rsquo;s prevailing definition of sickness, while the remainder feels that there is a need for fine-tuning. Of the latter, the majority (around 50 per cent), felt that sickness should be linked to loss of liquidity.

RBI definition of sickness is right, says survey

We want to dilute the equity of our Special Economic Zone (SEZ) company by transfer of promoter&rsquo;s equity, transfer of developer joint venture or amalgamation/merger of the developer company. We understand that this is not being permitted, as it would amount to sale of land, which is not permissible under the SEZ Act/Rules.

'Sale of equity in SEZ firm does not amount to sale of land'

The nationwide implementation of a new code for bus body manufacturers from April 1 this year is expected to give SMEs in the organised sector a boost, not only in Punjab and Haryana, but across the country. According to industry estimates there are over 100-odd bus body builders in these two states, a majority of them in the SME sector.

New code will give small bus body builders a boost

The presence of leading companies like Tata Motors, Bajaj Auto, Nestle, Hindustan Unilever (HUL), Hero Honda and Ashok Leyland, which have set up manufacturing units in Uttarakhand, is offering new opportunities for micro, small and medium enterprises (MSMEs), according to the Confederation of Indian Industry (CII).

SME vendor development scheme launched

As per Public Notice no. 47/2007 dated 7.11.2007 of the JNPT Customs, permission for part-delivery of an import consignment can be given if the packing list is available container-wise and goods are of a homogeneous nature (raw materials, parts, etc.,) against an application. The appraiser, after examination of the part-consignment, shall record the examination report on the reverse of the hard copy of the bill of entry.

'Duty credit scrips can be used to pay customs duties'

A survey of SMEs in the leather industry, conducted by IndiaMART Knowledge Services (IKS), revealed that 61.9 per cent of the respondents said the market for leather products had picked up in 2010 vis-a-vis 2009, while 19.05 per cent replied that it had declined. A similar number of respondents (19.05 per cent) reported no change.

Leather units saw recovery in 2010, says survey

India&rsquo;s granite and marble processing units are grappling with a severe shortage of raw material &mdash; dimensional marble blocks. To overcome this, the industry is seeking a change in the Exim policy, to enable imports of rough dimensional blocks of marble without restrictions.

Marble units have a rough ride

&ldquo;Pranabda has not been fair with us. I used to get Rs 80-100 per day. But because of him, I was unable to earn even a single penny in the last two weeks,&rdquo; says Ranjit Pal, a 51-year-old daily labourer from Howrah in West Bengal.

Garment units in a fix due to excise levy

With aerospace firms outsourcing their work to India to cut product development and manufacturing costs, a whole vista of opportunities has opened up for companies catering to the aerospace sector, Aravind Melligeri, chairman and co-founder, QuEST Global, tells Praveen Bose.

Q&A: Aravind Melligeri, Chairman and co-founder QuEST Global

Rajkot&rsquo;s smaller auto component makers are reeling under rising raw material prices, especially of steel. The industry fears that if prices do not stabilise soon, small units will find it difficult to survive. &ldquo;The increasing prices of steel and other raw material have increased the production cost,&rdquo; said Upen Modi of Unitech Engineering Private Limited.

Rajkot auto parts units hit by high steel prices

'Re-export permitted after expiry of bonding'

In a new study on micro, small and medium enterprises (MSMEs) in the state, the Gujarat council of the Associated Chambers of Commerce and Industry of India (Assocham) has suggested that the state government should set up special economic zones (SEZs) for small units. The study also states that special tax holiday schemes should be provided for the development of the MSME sector.

Assocham suggests MSME SEZs in Gujarat

The Tamil Nadu Government is to launch 30 clusters this year under the Centrally-funded Accelerated Pulses Production Programme. With farm holdings too small, the state government has adopted the cluster approach for the operational convenience of small and medium farmers.

TN govt to boost pulses output through farm clusters

WEConnect International, an international non-profit organisation, is now launching its programmes in India and China, following successful launches in Canada and Europe. The organisation helps women&rsquo;s business enterprises develop their capacity to grow by enabling them to participate in the global value chain. It is present in the US also, as WBENC.

This one's for the ladies

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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