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Archive: 15 May 2020

Posts in 15 May 2020

Benefits of MSME cum GeM Registered Business In India

May 15, 2020 14256 Views 1 comment Print

MSME cum GeM Registered Business in India play an important role in building Self Reliant India. Based on recommendation of the Group of Secretaries, the Hon’ble Prime Minister of India decided to set up dedicated e-marketplace for different goods and services businesses in India. The platform provide the opportunity to sellers to set competitive market […]

No penalty for delayed deposit of EPF dues during lockdown

May 15, 2020 6300 Views 0 comment Print

Considering the difficulty faced by the establishments in timely deposit of contributions or administrative charges due for any period during lockdown, the EPFO has decided that such delays due to operational or economic reasons shall not be treated as default and penal damages should not be levied for such delay.

Why Not Contractual Arbitration?

May 15, 2020 4563 Views 0 comment Print

Arbitration is of the most popular method of ADR and infact it has gained immense popularity amongst business entities and the results are quite positive and this resulted in having the Statutory Arbitration under the provisions of MSME.  Arbitration is a simplified version of a trial proceedings involving limited discovery and simplified rules of evidence. […]

SEBI further extends Timelines For Regulatory Compliance

May 15, 2020 1128 Views 0 comment Print

SEBI decided to further extend the timelines for compliance with the regulatory requirements, by the trading members / clearing members / depository participants, mentioned in the aforesaid SEBI circulars, as under:

Importance of MSME Registration In Self Reliant India

May 15, 2020 1356 Views 0 comment Print

Keeping  in view of Indian Prime Minister’s Vision of Self Reliant India Movement a special package to cater MSMEs, labourers, middle class and for some industries. Following steps are taken for MSMEs Businesses In India: 1. INR 3, 00,000 Crore Collateral Free Automatic Loans for Businesses including MSMEs: Businesses/MSMEs have been badly hit due to […]

Tariff Notification No. 42/2020-Customs (N.T.), Dated: 15.05.2020

May 15, 2020 1131 Views 0 comment Print

Tariff Notification No. 42/2020-Customs (N.T.), Dated: 15.05.2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 42/2020-CUSTOMS (N.T.) New Delhi, 15th May, 2020 25 Vaisakha, 1942 (SAKA) […]

Benefits of MSME Registration

May 15, 2020 22044 Views 1 comment Print

1. Collateral free credit: Under CGTMSE (Credit Guarantee Funds Trust for Micro and Small Enterprises) scheme, MSME’s can avail maximum collateral free credit (Fund based / non fund based – LC, BG etc) upto of Rs. 200 Lacss from Eligible Institutions. Maximum Guarantee Cover is as under Category Maximum extent of Guarantee where credit facility […]

MVAT: Guidelines for filing Appeal against assessment orders Passed manually

May 15, 2020 19443 Views 1 comment Print

All the officers were instructed to pass assessment orders on SAP system and where it is not possible to pass order on SAP system, in such cases assessment orders can be passed manually outside the SAP system.

Anti-Dumping Investigation Concerning Imports of Digital Offset Printing Plates

May 15, 2020 774 Views 0 comment Print

FINAL FINDING – (OI CASE No: 06/2019) – Anti-dumping investigation concerning imports of Digital Offset Printing Plates originating in or exported from China PR, Japan, Korea RP, Taiwan and Vietnam.

Special relief & credit support to Agriculture, hospitality, tourism

May 15, 2020 711 Views 0 comment Print

FM announced Special relief and credit support to Agriculture, hospitality, tourism dt. 15.05.2020 (Self-Reliant India Movement -III) Overview of First Two Tranches: The first tranche included measures for small businesses, the second aimed at helping migrant workers. Key Highlights: 1. Today’s initiatives 11 measures today includes: 11 booster shots for India’s farmers 8 relating to […]

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