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SCOMET Updates 2024: Amendment to Appendix 3 (SCOMET Items) in Schedule-2 of ITC (HS) Classification
by Tanya Sharma on 2024-09-06

In 2024, significant updates have been made to the SCOMET (Special Chemicals, Organisms, Materials, Equipment, and Technologies) list, a crucial component in the regulation of export and import items in India.

India’s Decreasing Dependence on Chinese Imports for MSME Goods
by Mahek Sancheti on 2024-09-04

Recent data show a striking turnaround in India's import structure, especially in the case of MSMEs. India has reduced its significant reliance on Chinese imports for MSME items during the recent past.

New MSME Credit Assessment Model Set to Launch for PSBs by March 2025
by Mahek Sancheti on 2024-09-04

New credit assessment norms for PSBs are expected to come into place by March 2025 in a key development for the MSME sector.

India Extends Interest Equalisation Scheme for Exporters
by Tanya Sharma on 2024-09-04

In a move aimed at bolstering India’s export sector, the Indian government has announced the extension of the Interest Equalisation Scheme (IES) for exporters.

India's New EPR Regulation For Non-Ferrous Metals: A Step Toward Sustainable Industrial Practices
by Mahek Sancheti on 2024-08-31

The Indian government, as part of its big stride toward achieving sustainability and reducing industrial waste, announced that it has issued fresh regulations affecting the non-ferrous metals industry.

Government Launches Portal For Construction Workers’ Benefits And Urges States To Integrate Data
by Mahek Sancheti on 2024-08-27

The portal will provide a centralized platform for maintaining data and ensure that effective compilation and analysis are done from information compiled from different state BoCW welfare boards.