Page 13 - SME

'Advance authorisation is different from special advance authorisation'

The Indian company makes payment in foreign currency. Accordingly, does liability of payment of GST on RCM arise?

SME Tracker: Bulk-drug firms' prospects boosted by focus on niche molecules

Strong demand for formulations and increasing health insurance penetration would also support growth

Incoterms CPT, CIP terms oblige seller to contract for carriage, say expert

'The cost for contract for carriage must be borne by the seller, who must ensure that it is on usual terms and usual route as customary for the type of cargo'

Double whammy looms for plastic products industry: CRISIL SME Tracker

Intense competition in this highly fragmented industry is expected to put operating margins under pressure

'Under FCA, CIP, CPT, seller must provide proof of cargo delivery to buyer'

In FCA/CIP/CPT, the seller is only required to provide proof that he has delivered the cargo to the buyer

Electronics industry faces slower revenue growth: CRISIL SME tracker

Small and medium enterprises (SMEs), which account for nearly a third of the industry's revenue, with a varying share in different segments, are expected to be hit hard

Need for correct Incoterm usage can't be overstated, says expert

Incoterms clearly define the obligations of the seller and buyer, when the risk passes from seller to buyer and who bears what costs

A dull fiscal looms for gems and jewellery SMEs: CRISIL SME tracker

Domestic demand in volume terms, on the other hand, is expected to shrink due to skyrocketing prices

'Drawback claims do not get time-barred'

Notifications are issued by the government in exercise of the powers conferred under a law

Growth of MDF will keep peeling away profits of plywood SMEs: CRISIL

SME players are expected to be mostly restricted to the traditional plywood segment due to their limited financial flexibility

'Benefits on supplies from DTA linked to payment in foreign currency'

RoSL scheme has been brought back for a limited period

Higher input cost to cut margins of cashew processors: CRISIL SME tracker

The increase in costs is due to a hike in import duty on raw cashew kernels from 45 per cent to 70 per cent, in the Union Budget for 2019-20

'EOU can clear unused raw materials in DTA, or transfer to another unit'

That trade notice cannot override the FTP notified on December 5, 2017

CRISIL SME Tracker: Wheat millers facing the heat as demand slumps

SMEs account for bulk of wheat mills in india in value terms

'Service tax and excise duty amnesty scheme comes into effect from Sep 1'

The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 is not yet implemented. It shall come into force with effect from September 1, 2019

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