Drugs License Approval: A Mandate for Good Manufacturing Practices by DCGI Commitment to Quality: Ensuring Pharmaceutical Excellence In an epoch-making move, the Drugs Controller General of India (DCGI) firmly positions itself in the advancement of drug safety. Aligning with a surge in the Indian pharmaceutical sector, currently boasting a $65 billion valuation, the key stipulation for licenses is enforcement. With a prominent spotlight on Good Manufacturing Practices (GMP), the DCGI underscores the critical nature of […]

Central Excise Evolution: Anticipating a New Regulatory Framework Featuring the Central Excise revision for a contemporary regulatory era, the upcoming transition from the existing Central Excise Act to a fresh legislative framework marks a milestone in India’s taxation landscape. This shift aims to streamline taxes, boost compliance, and cater to evolving business demands while seeking input from stakeholders for a seamless transition. Exploration of Key Developments: New Legislation Paradigm: The forthcoming Central Excise Bill seeks […]

Understanding Section 43B | Guide for MSMEs & Businesses Overview of Section 43B(h) Applicability Section 43B(h) specifically applies to transactions where goods or services are purchased from an enterprise registered under the MSMED Act, 2006. This provision ensures that MSMEs receive timely payments for their sales. Defining the Scope: Who’s Covered? It’s important to note that Section 43B(h) exclusions apply to outstanding dues to traders. The MSMED Act only classifies manufacturers and service providers—not traders—as […]

80G Registration and 12A Registration Topic Covered Registration of 12A and 80G Registration Benefits and Advantages Why and when its required     12A Registration and 80G Registration and  is relevant just to NGO & altruistic associations that  Have no income being created from the business Is a charitable trust or a registered society Ought not be involving their resources or income for some other reason than noble cause/charity. Keeps up with a normal book […]

NSIC Registration Process MSMEs Receive NSIC Registration through the Single Point Registration Scheme, which is valid for two years. In addition, it must be renewed every two years. Package Inclusion • Complete documentation is included in the package. • Consultation on NSIC registration over the phone while drafting and filing an application • Follow-up with the relevant department on a regular basis • End to End Support till Certificate Received What is the NSIC Registration […]