Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
The Export Promotion Mission launches a pilot intervention to strengthen MSME access to alternative trade finance by supporting export factoring (recourse and non-recourse) provided by entities regulated by relevant financial regulators; the scheme offers an interest subvention (notified at 2.75%) on the discount/interest cost element and disburses claims to IEC linked bank accounts. Eligibility requires active IEC and Udyam registration (not on DEL), factoring against a notified positive HS six digit tariff list, and compliance with online declaration, claim and reporting procedures. An annual ceiling of 50 Lakh per MSME applies; operational guidelines, governance and claim procedure issued for stakeholder feedback.
The Export Promotion Mission launches a pilot intervention to strengthen MSME access to alternative trade finance by supporting export factoring (recourse and non-recourse) provided by entities regulated by relevant financial regulators; the scheme offers an interest subvention (notified at 2.75%) on the discount/interest cost element and disburses claims to IEC linked bank accounts. Eligibility requires active IEC and Udyam registration (not on DEL), factoring against a notified positive HS six digit tariff list, and compliance with online declaration, claim and reporting procedures. An annual ceiling of 50 Lakh per MSME applies; operational guidelines, governance and claim procedure issued for stakeholder feedback.
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