AEO Package for MSMEs may be a program supported by the partnership between the customs & business, wherein the economic operator is granted such status. The program determines the trustworthiness also as the reliability of the economic operator. Following grounds are examined to work out the operator’s reliability Accounting system Compliance with customs legislation Appropriate security [...]
What is MSME Databank Registration? All MSME enterprises in India from now onwards need to provide information linked with business to the Government by MSME Databank. This has to be done as per the MSME- Micro, Small and Medium Enterprises Development Rules, 2009. MSME databank registration can be performed through the data bank. The medium and small [...]
MSME Sector in India The MSME (Micro, Small and Medium ) enterprises of India are a major contributor to the economy of the country with over 3.62 Crore Enterprises in operation during the 2017-18 financial year. The MSME sector employs 55 million people and contributes about 8% to the GDP. Thus, MSMEs are a pivotal part of [...]
29th GST Council Meeting It has almost been a whole year since the implementation of GST. It is safe to say that there were many initial glitches in the implementation of the act. However, the government has introduced many radical changes in the GST Returns as well as GST registration procedures with simplified GST refund claim procedures [...]
Introduction The Micro, Small and Medium Enterprises (MSME) sector is a very important piece of India's legacy economic model and a part of the critical supply chain for products and services. This sector is considered as the job creator and plays a crucial role in providing large-scale employment and industrialization of rural and backward areas. As [...]
‘Make in India’ is the slogan for uplifting the economy of the nation. MSMEs have proved to be a great source of revenue for the Indian government. In the recent past, MSME has significantly developed and it has created a culture of entrepreneurship. These enterprises provide a variety of products and services to meet domestic and [...]
