Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2009-12-31

Tax sops-demand by SME engineering units

The small and medium enterprise (SME) exporters of engineering goods have finally resort to the government after failing to combat the lower overseas sales and poor margins. The small engineering expo

The small and medium enterprise (SME) exporters of engineering goods have finally resort to the government after failing to combat the lower overseas sales and poor margins. The small engineering export segment to strongly pitch for tax sops and simplification of export documentation processes and regulations.

 

The Engineering Export Promotion Council of India (EEPC India) has demanded for tax exemption on incremental exports for three years, with the base year being 2008-09. They have also asked for a weighted deduction of 1.5 times on the expenses incurred on overseas establishments and R&D for three years.

 

Other demands are pushing up the general rate of depreciation on plant and machinery from 15 per cent to 25 per cent.  It pitched for extension of 100 per cent depreciation on investments for replacement of obsolete technology in conformity with new global environmental standards.

 

Related opportunities
  • Express Food Joints / Drive Through
    About Us: Founded in 2017, Yummerica Fries is present in 10+ Cities,..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater MUMBAI Maharashtra
  • Imitation/Art/Junk Jewellery
    About Us: Guvitgowl - a one stop solution for all your..
    Locations looking for expansion Tamil Nadu
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 50 K - 2lac
    Space required 100 - 300 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Tiruchirappalli Tamil Nadu
  • About Us: Our Inspiration for ‘Mother’s Kidzee Playschool’ comes from ‘Swam..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Mumbai’s Most Popular Traditional Snack Brand.By India’s Leading Manufacture..
    Locations looking for expansion Mumbai
    Establishment year 1977
    Franchising Launch Date 2018
    Investment size
    Space required 400
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Mumbai Mumbai
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts