Benefits of registration in entrepreneurship development, Mechanical Engineering

Benefits of Registration: Units would normally get registered to avail some benefits, incentives or support given either by the Central or State Govt. The regime of incentives offered by the Centre generally contains the following :

(a) Credit prescription (Priority sector lending), differential rates of interest etc.

(b) Excise Exemption Scheme.

(c) Exemption under Direct Tax Laws.

(d) Statutory support such as reservation and the Interest on Delayed Payments Act.

(It is to be noted that the Banking Laws, Excise Law and the Direct Taxes Law have incorporated the term SSI in their exemption notifications. Though in many cases they may define it differently. However, generally the registration certificate issued by the registering authority is seen as proof of being SSI.)

  • Establishment employing 10-19 persons require to maintain only 3 register and to submit an annual core return only.
  • Establishment employing less than 10 persons to maintain only 1 register and submit only an annual core returns.
  • The only one Inspector will be responsible for various labour laws, except in case of Factory Act and Boiler Act.

 

Posted Date: 4/23/2013 5:14:21 AM | Location : United States







Related Discussions:- Benefits of registration in entrepreneurship development, Assignment Help, Ask Question on Benefits of registration in entrepreneurship development, Get Answer, Expert's Help, Benefits of registration in entrepreneurship development Discussions

Write discussion on Benefits of registration in entrepreneurship development
Your posts are moderated
Related Questions
If the expression is quasi-static, determine Q, ΔU and W for the process. In another process the same system expands according to the similar pressure- volume relationship and f


what is helix angle and how to determine it?

Stores for hazardous substances shall be segregated from, and located at a safe distance from accommodation spaces and control room. Indoor storage areas require access from an ope

compression ignition engine fore stork with neat daysgram

cases of equilibrium with explaination

Evaluatio n the Enthalpy of Steam: Let h f   = Heat of liquid or sensible heat of water in KJ/kg h f g   = Latent heat of vaporization of steam in KJ/kg t

Assets Markets and the LM Curve The assets markets are the markets in which money, bonds, stocks, houses and other forms of wealth are traded. There are a large variety of asse

Cylinder Head: It is fitted at top of the cylinder block. It provides space for the arrangement of spark plug, combustion chamber, camshaft, cam chain, valves and intake and exha