HAPPY NEW YEAR 2014 - Cosiacosia.org.in/pdfs/tisa/2014-01-tisa.pdf · TISA ( 7th January ‘14) 7...

5, U.K. Industrial Est, Behind Durian, 2nd Pokhran Road, Thane

Postal Registration No.MH/MR/TNC/71/2016Volume No.VI. Issue No.I Dated 07.01.2014

Missing LinkBetween

Education & Enterprises

HAPPY NEW YEAR2014

2 TISA ( 7th January ‘14)www.cosia.org.in

“United we stand”, everybody knows. Solidarity is sine quo non!

The Chamber of Small Industry Associations famous as COSIA is indeed the Brand Identity

of Indian MSME Sector. Joining COISA means ensuring the MSME Identity and its power

for the cause of one and all.

To facilitate easy joining and that too for a number of years at one stroke, in the Silver

Jubilee year of COSIA, a Rajat Membership Drive is being launched. Now any MSME,

just paying a nominal amount of Rs. 5000/- will be entitled for the Rajat Membership

for a period of 10 years. No more payments, no more renewals every year! Any MSME

Association by paying just Rs. 15000/- will be honored with Rajat Membership for

a period of decade.

This unique offer is open from 1st Jan. 2014 as a solidarity gesture in the new year and

will remain open for a period of full 1 year. We hereby appeal all the MSMEs in India to

take the benefit of this offer and strengthen the National movement for MSMEs.

We also appeal to all COSIA Members to enroll atleast 5 Rajat Members during the

Silver Jubilee Year of COSIA.

A Rajat Membership Form is available at COSIA. For more details and registration of

Rajat Membership please get in touch with COSIA. Remember COSIA is for the

empowerment of MSME Sector! Add your power to it by “ Rajat Membership”

Shri. M.R. Khambete Shri. P.S. Agwan

President Hon. Gen. Secretary

Shri. Vinod Tibrewala Shri. J. B. Mehta Shri. A. D. Shah Dr. Madhu GuptaHon. Joint SecretaryVice-President Vice-President Vice-President

Note : For Application Form refer to Page No. 17 in this issue. It is also available on

website www.cosia.org.in

Rajat Membership

3

Mr.Ninad Jaywant

Late. Shantibhai Patel

-

TISA(7th January, 2014)4

5TISA ( 7th January ‘14) www.cosia.org.in

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Shri. Ninad Jaywant

New Treasurer ofCOSIA


The Origin and emergence of an open and distance education system is probably the most significantdevelopment in Indian education system in the last century. Its impact on the education system at all levelswill be more evident in the coming decades of this millennium. Started in early 1960s in the form ofcorrespondence education, it was initiated to cope with the unmet demand for formal higher education.Gradually focus changed to reaching the unreached with varied courses. In less than 20 years of its existence,open universities have shown substantial growth and development in both quantitative and qualitative fields.The Open University system was established for reaching out to rural communities and economically andsocially weaker people for providing an opportunity for continuing education to people at work.

Expansion of the open and distance education learning (ODL) in India in recent decades has been tremendous.Open universities, regular universities in dual mode and distant education institutes are offering programmes/courses through the distant mode. The Distance Education Council(DEC) was established in 1991 under section16(7) read with section 5(2) of the IGNOU Act 1985.The DEC is responsible for the promotion and the coordinationof the Distance Learning System in the country. The DEC has been taking various initiatives to maintain thestandards of distance education in the country.

Open and Distance Education SystemCover StoryCover StoryCover StoryCover StoryCover Story

Indian Knowledge Corporation

Many Courses are available to the students which are related to teh various industrial and service ori-ented activites. This is an attempt to reduce the gap between eductaion and Industry. Some of suchcourses are as below:

Certificate Programmes

• Landscape Architecture• Fire and safety management• Computer Maintenance Management• Architecture Assistantship

• Civil & Rural Engineering• Construction Technology• Electrical Engineering• Electrical Maintenance

Certificate Programmes Eligibility Duration

10+2 from any Statutory Board of India or abroad or its equivalent6 Months

Diploma Programmes

• Electrical Engineering• Civil & Rural Engineering• Mechanical Engineering• Computer Engineering• Electronics and Telecommunication• Welding Engineering• Computer Maintenance Engineering

• Architecture Assistantship• Construction Technology• Industrial Electronics• Packaging Technology• Printing Technology• Production Technology

Diploma Programmes

Eligibility Duration

10 th Standard from any Statutory Board of India or abroad or its equivalent3 Years

Missing Link Missing Link Missing Link Missing Link Missing Link -Education & Enterprise-Education & Enterprise-Education & Enterprise-Education & Enterprise-Education & Enterprise


Cover StoryCover StoryCover StoryCover StoryCover Story

[Source : www.ikcindia.com]

Bachelor Degree Programmes

Eligibility(B. Tech., B. E. & B. Arch.)

Duration

10 + 2 (Science) from any Statutory Board of India or abroad or its equivalentor diploma in engineering will be get direct admission in the 2 year4 Years

Master Degree Programmes

M. Tech./M. E. • Mechanical Engineering• Computer Science and Engineering• Electronics and Telecommunication• Industrial Engineering and Management• Civil and Environmental Pollution and Control Engineering• Civil Engineering and Geo Sciences

Masters Degree Programmes Eligibility Duration

Bachelors in Engineering from any Statutory Board of India or abroad or its equivalent2 Years

Diploma Programmes

Eligibility Duration

10 th Standard from any Statutory Board of India or abroad or its equivalent3 Years

Post Graduate Diploma Programmes

• Construction Management• Water Resource Management• Information Technology• Refrigeration and AC• Welding Technology• Piping Design and Engineering• Highway Engineering

• Airport Engineering• Animation Technology• Town Planning• Forging Technology• Structural Technology• Quantitative Surveying

Post Graduate Diploma Programmes Eligibility Duration

Graduation (Engineering) from any University of India or abroad or its equivalent1 Year

Bachelor Degree ProgrammesB. Tech. /B. E. • Computer Engineering

• Electronics and Telecommunication Engineering• Civil Engineering• Mechanical Engineering• Industrial Engineering• Information Technology• Instrumentation Engineering• Environmental Engineering• Electrical Engineering• Manufacturing Science and Engineering• Automobile Engineering• Energy Engineering• Transportation Engineering

Bachelor of Architecture (B. Arch.)



Number of Open Universities in India are endeavouring for the apt courses for the industries.

Technical Institutes have also been established by the State Govts. in their respective States. The

MSME Development Institute under the Ministry of MSME also organizes certain training programmes

which provide technical skill. The industry bodies like FICCI, CII, TANSTIA are also having such kind of

activities in association with either Universities or technical institutes. Followings are some of the

useful links for the interested parties.

INDIRA GANDHI NATIONAL OPEN UNIVERSITYMaidan Garhi, New Delhi-110068, IndiaPhone No. :011- 29532741 Fax No. : 011- 29532686E-Mail: [email protected] WEB: http://ignou.ac.in

Y. C. M. OPEN UNIVERSITYHEAD OFFICEDnyangangotri, Near Gangapur Dam, Nashik- 422222Phone No. :0253-2231714 / 2231715FAX No. : 0253-2230470Web: http://ycmou.digitaluniversity.ac

Centre for University Industry CollaborationAnna University ChennaiSardar Patel Road, Chennai - 600 025Phone No. : 22200599, 22358989e-mail: [email protected]: http://www.annauniv.edu/UICCentre/

Bharatividyapeeth UniversityBharati Vidyapeeth Bhavan,LBS Rd, 13 SadashivPeth,Next to Alka Talkies, Pune - 411030Tel: 020-24407106http://www.bharatividyapeeth.edu

TANSTIA-FNF Service Centre, B-22, Industrial Estate, Guindy,Chennai - 600 032Tamil Nadu, IndiaPhone No. : 0091-44-22501451Fax No. : 0091-44-22500860Email : [email protected]

The NSDC is a pioneering Public PrivatePartnership. It facilitates skill training andupgradation of the growing Indian workforce.

National Skill Development CorporationBlock A, Clarion Collection, Shaheed Jeet SinghMarg, New Delhi - 110016.Tel: +91-11-47451600-10Fax: +91-11-46560417Email: [email protected]

CRNN, University of Calcutta, JD-2, Salt Lake City, Kolkata 700098,West Bengal, INDIAPhone: +91 33 2335 0067FAX: +91 33 2335 1063E-mail: [email protected]

Center For Research In Nano Science &Nanotechnology

Tata Institute of Fundamental ResearchHomi Bhabha Road, Mumbai 400 005, IndiaPhone: +91-22 2278 2000Fax: +91-22 2280 4610, 2280 4611Website : www.tifr.res.in



Education and Enterprise

Dr. Ipshita Basu Guha(Email. [email protected], Blog.http://sublimesense.blogspot.in)

In the Mahabharata, Abhimanyu entered theChakravyuh but could not make his way out. He wasnot short of valor or intent but lacked knowledge onhow to tackle it. Business world is replete withexamples of people who made it big by the sheerdint of their hard work. Education was often not theirprimary strength. Dhirubhai Ambani’s success is a casein point.

There are two schools of thought - one that feelseducation has no bearing on one’s capacity to setupand run an enterprise, the other which believeseducation to be the very foundation element forsuccessful enterprises. The issue is completelydebatable and there will be enough examples toprove both thoughts.

However, companies like the Reliance Group did notgrow simply due to the sharp business acumen,instinct and common sense of its promoters. Theysystematically developed a professional team to takeon the world. Every successful MNC or small businesstoday has educated and experienced people at thehelm of affairs.

Chanakya’s role in establishing the Maurya Empireby methodically defeating the Nanda Empire ishistorical. He was the advisor to Chandragupta Mauryaand his son Bindusara. A learned man in the field ofeconomics and politics, he guided the emperors totheir success.

The most important function of education at any levelis to develop the personality of the individual andthe significance of his life to himself and to others. ~Grayson Kirk

Building an EnterpriseSetting up an enterprise requires a vibrant skillset

and intellectual capacity to navigate the system bycomplying with each and every aspect.

Theoretical knowledge to practical applicationSuppose the enterprise is setup to make DC motors.One will need to understand the science behind DCmotors, its application and how to make good qualitymotors.

Functional KnowledgeWhat are the various functions necessary to run anenterprise? What skillset will be required tocomplete the functions? How many people will beneeded to manage the function? These are genericconcerns.

Accounting, Legal and Statutory ComplianceEvery enterprise however small or large has tocompulsorily adhere to each applicable legal andstatutory requisite without fail. We cannot claimignorance as the cause for any non-compliance. Thelegal hassles in such cases can often lead to closureof the enterprise altogether. The onus is always onthe entrepreneur in-charge.

Management SkillsCertain people have very good idea and knowledgeof say automobiles and can setup a good garage to fixvehicles but might not possess the necessarymanagement skills to run the establishmentsuccessfully. Decision making is an everyday aspectof a business. Not all decisions can be made on gutfeel, guess work or biased assumptions.

Without education, one can start a venture but willmost definitely need structured learning andknowledge to scale-up and sustain.

Value of EducationIn school, we were taught a Shloka in our Sanskritclass which encompasses the true subtext ofeducation.

vidyA dadAti vinayaM, vinayAdyAti pAtratAM |pAtratvAddhanamApnoti,dhanAddharmaM tataH sukhaM || 5 ||


Cover StoryCover StoryCover StoryCover StoryCover StoryTranslated into very layman termsit means knowledge givesdiscipline, from discipline comesworthiness, from worthiness onegets wealth, through wealth oneaccomplishes good deeds andfrom that derives joy. All these arenecessary for enterprise tosucceed.

We often confuse betweenliteracy, education andknowledge. They are notfrivolously interchangeable.Literacy means able to read andwrite, while Education isdeveloping a skill throughaccumulation of knowledgethrough learning. It equips us tothink. Knowledge is the outcomeof our perception, learning andreasoning. Education helps us tounderstand our surroundings andoften invoke innovation.

The one real object of educationis to have a man in the conditionof continually asking questions. ~Bishop Creighton

With education we build acompendium of theoreticalknowledge. There is a logical flowin our education system whichstructures the knowledge brick by

brick and not in random packets.Simulation is a new method forlearning. It is used in medicalscience, for learning to navigateaircrafts and trains even in case offinancial modeling. This use oftechnology is quite contemporaryand helps develop strongconceptual clarity.

Learning through case studies isanother method which can trainpeople to improve their thoughprocess and cognitive skills.

Many curriculums havecompulsory factory visit andtraining to expose students to reallife situations and motivate themto get a first hand feel. This is likea driving school where one honesdriving skills.

With education our plinth is madestronger and prepare us to facethe challenge of operating anenterprise successfully. We learnto understand markets, consumerpreference, change in technologytrends and global economic fabricwhere our enterprise finds itsexistence.

In German society, it is said thatthe education system is designed

to create thinkers and doers. It isthe job of the thinkers to learn,create plans, allocate resources,create backup plans and basicallyprovide for all possible outcomesof any event. The plan is createdin such detail and split down tosub-segments that comprehensionis effortless. The doers areexpected to use their skills tosimply execute the plan withoutimprovisation or questions. Thisis often said to be the attributewhich gives them supremacy inmany fields.

Education opens your mind toseek answers, to more questions,or philosophy in life, about ourapproach towards the enterprise,our customers and their wants,how we treat our suppliers andemployees, respond to theenvironment and create asustainable venture. We cancreate an enterprise withouteducation but will not be able tosustain for too long.The principle goal of education isto create men who are capable ofdoing new things, not simply ofrepeating what other generationshave done - men who arecreative, inventive anddiscoverers. ~ Jean Piaget

“Advertiser having office at Singapore& Thane (W), India require sub-agentfor sending students abroad for M.B.A.,M.S., Hotel Mgmt. etc.

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SAMARTH MANGEMENT SOLUTIONS


When Hozaifa Khambatti, 21, joined an IT services firm

in Mumbai this year, he realized he needed to startlearning programming from scratch, even though heholds an engineering degree from DJ Sanghvi College ofEngineering, one of Mumbai’s top-ranked colleges. “ TheUniversity of Mumbai curriculum is heavily disconnected

Missing link

from real-world applications,” hesays.Alarmingly, less than 20% ofcomputer science (CS) andinformation technology (IT)graduates from India are able toapply their programming skillseffectively, found a survey reportby Aspiring Minds, anemployability assessment firm.According to the report, close to30% of CS and IT engineers do notknow basic theoretical conceptsused in computer programming,while 50% to 60%do notunderstand subtleties ofprogramming concepts.

“The curriculum is updated afterseveral years, and the exams arepredictable. By the second year,we can pretty much guess thequestions,” says Khambatti. “Wedon’t need to apply ourselves, butcan get by even if we just mug upthe previous year’s questions.”

TECH LagAspiring Minds also found,disturbingly, that only 2.68% ofover 5 lakh engineering graduatesthat the country producesannually are fit to work in ITproduct companies. A mere17.45% of these are suitable tothe IT services industry.

Even with 41,603 engineeringseats going vacant in 2012 inMaharashtra alone, the state

added 6,533 engineering seats atcolleges this year. Experts areconcerned with this trend, and aredemanding strict check.

“In India, we have focused oncreating a large quantity ofeducational institutions.However, the quality of graduatesneeds immediate attention , saysVarun Aggarwal, CTO of AspiringMinds.”It ’s important to takesteps to reduce the gap betweenthe quantity-quality ratio ofstudents who can work inprogramming jobs.”

BUG REPORT1. Outdated syllabus: At theUniversity of Mumbai, thesyllabus is not updated frequentlyenough, which colleges admit is aproblem especially in technologyfields. “Technology is evolving ata tremendous rate and our coursestherefore become obsolete veryquickly. How can we expect ourstudents to apply these age-oldconcepts to new-worldsituations?” asks Ashok Wadia,principal of Jai Hind College.

Khambatti, too, stresses thisproblem. “We are using fourth-generation processors at workright now, something we weretaught nothing about, he says.

2. Industry –academia disconnect: “We have to ensure that colleges

regularly invite industry expertsfor lecture sessions, otherwise, itis becoming very difficult for thestudents to understand whatindustry expects out of them,”says Aditya Narayan Mishra,president of Randstad India, ahuman resource consulting firm.

3. Lack of motivation : Academicssay that students look upon the ITindustry as a lucrative option,without considering their ownaptitude or interests. “So manystudents who apply for thebachelor’s course in informationtechnology don’t have theaptitude for it,” says Wadia. “Theyare merely following the herd,citing the high employabilityquotient in the IT Sector.”

4. Recruitment process: “We can’tonly blame college education,”says SK Sarangi, director of theNational Institute of Technology,Rourkela. “Indian employers donot ask for basic technicalknowledge such as mathematicsor algorithm-writing, which formsthe foundation for goodprogramming. They hirecandidates for a particular job,and train them in that disciplineonly.”

Building blocksTo encourage more industryparticipation in higher education,the Confederation of India

Antara [email protected]

DISCONNECT Over 80% computer engineeringgraduates are unable to apply their programmingskills in real-world situations, a recent study hasfound. A look at what’s creating the gap betweenlearning and employability



Industries (CII) and All India Council of Technical Education (AICTE) conducted a survey two weeks ago, toanalyse industry linkages in our higher education institutes.

This year, 1,050 colleges and firms have registered, compared with last year’s 156 entries.

“There are fewer institutes in the high linkages category while there are a large number which are in themedium range. We need t raise the average. It is a mirror in which the institutes can evaluate where they standand how they need to improve, “says YS Rajan, professor at ISRO and chairman of NIT Manipur.

KEY FINDINGS OF THE REPORT• About 30% of computer engineers do not know basic theoretical concepts used in computer programming. Around 50% are not exposed to basic terminology and definitions in areas such as algorithm design andcomplexity theory.• About 50% to 60% do not understand subtleties of programming concepts, while more than 80% areunable to apply them to real-world situations.• The percentage of Indian engineers employed is just around 17.45% for the IT services industry and 2.68%for the IT product industry. India produces 5 lakh engineers each year.

Source : Aspiring Minds Computer Programming Learning Levels Report –Engineering Graduates 2013

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Financial Assistance to Associations for Micro and SmallEnterprises for availing consultancy support (FACS-MSE)

MSME Consultancy SchemeMSME Consultancy SchemeMSME Consultancy SchemeMSME Consultancy SchemeMSME Consultancy Scheme

1. BackgroundThe Micro, Small and MediumEnterprises (MSMEs) sector hasemerged as a highly vibrant anddynamic sector of the Indian economyover the last five decades. MSMEs notonly play crucial role in providing largeemployment opportunities atcomparatively lower capital cost thanlarge industries but also help inindustrialization of rural & backwardareas, thereby, reducing regionalimbalances, assuring more equitabledistribution of national income andwealth. MSMEs are complementaryto large industries as ancillary unitsand contribute enormously to thesocio-economic development of thecountry.

Fast changing global economicscenario has thrown up variousopportunities and challenges to theMSMEs in India. While on the onehand, many opportunities haveopened up for this sector to enhanceproductivity and look for newmarkets at national and internationallevel, it has also, on the other hand,put an obligation to upgrade theircompetencies in various fields likemarketing, finance, businessdevelopment, operations, technologyetc. For this purpose, MSMEs arerequired to make use of consultancyservices.

2. Scheme for availing ConsultancySupportNow a day’s consultancy is a strategictool for business development. Largeenterprises have enough resources attheir command to hire manpower totake care of various services. MSEsector does not have these resourcesat their command and thus needsinstitutional support for providing

these inputs.

The Scheme envisages financialassistance for availing theconsultancy support by group of microand small enterprises for theircommon requirements. Asentrepreneurship, and resultantcreation of employment and wealth,is a major means for inclusivedevelopment, this scheme alsoenvisages increased/enhanced use ofconsultancy by MSE entrepreneursfor utilizing innovative solutions totheir issues and achieving greatersuccess.

The need of the hour presently is toprovide sustenance and support tothe whole MSE sector, with specialemphasis on rural and microenterprises, through suitablemeasures to strengthen them forconverting the challenges intoopportunities and scaling newheights.

3. Objectives:The objective of the scheme is:· To enhance capabilities andcompetitiveness of MSEs· To promote & sensitize the MSEsector in India to the use ofconsultancy so as to support thesustainability and growth of MSEsector.· To enrich various skills of the microand small entrepreneurs.

4. Financial support for Consultancyto Associations of MSEs:MSE cluster is a group of enterpriseslocated within an identifiable and asfar as practicable, contiguous areaand producing same/similarproducts/services. The essentialcharacteristics of enterprises in a

cluster are:(a) Similarity or complementarity inthe methods of production, qualitycontrol and testing, energyconsumption, pollution control, etc.(b) Similar level of technology andmarketing strategies/practices.(c) Channels for communicationamong the members of the cluster.(d) Common challenges andopportunities.

In India, clusters account for 77 %units, about 72 % employment, 61 %investment, 59 % output and about76 % exports of smallscale industries (SSI). Microenterprises-employing up to fivepersons or with a capital investmentup to Rs 500,000 (US $ 12,000) inclusters account for over 91 %employment and over 96 % ofinvestment.

Clusters are a prominent feature onthe landscape of every advancedeconomy. Clusters affect competitionin three broad ways: first, byincreasing the productivity ofcompanies based in the area; second,by driving the direction and pace ofinnovation; and third, by stimulatingthe formation of new businesseswithin the cluster.

4.1 Financial assistance for availingconsultancy servicesFinancial assistance will be given toassociation of enterprises under thisscheme for availing consultancyservices to solve current/upcomingissues faced by a group of micro &small enterprises (minimum eight) forenhancing the efficiency &effectiveness of the operations ofmicro & small enterprises in thegroup. The solution proposed to solve


the current/upcoming issues throughconsultancy intervention can bedemonstrated at the enterprise leveland further used by other memberenterprises to reduce the cost, time& any other parameter in theimplementation of solution atenterprise level.

4.1.1 Scale & Quantum ofAssistanceMaximum CDC support for a singleproject/case proposal would be Rs. 6Lakhs. However the decision onnumber of cases to be supported willbe guided by the budget availability,merits of case, and therecommendations by the prescribedcommittee constituted by DirectorGeneral, CDC.

The scale of financial assistance (forconsultancy charges) for oneproposal/application broadly will beeither 60% of the consultancy cost orthe maximum CDC supportmentioned above whichever is lower.Prescribed committee canrecommend lower or higherpercentage of financial assistancedepending on the merits of the case,which will be subject to the overalllimit of maximum CDC support for asingle project/case proposal of Rs. 6Lakhs as mentioned above. The

balance is to be contributed by therespective association of enterprisesselected for implementing theconsultancy intervention.

Also preferential treatment will begiven to a group belonging to NorthEast States (Sikkim, Assam, ArunachalPradesh, Manipur, Meghalaya,Mizoram, Tripura & Nagaland) &Jammu and Kashmir including groupswith more than 50% women units.In cases, where the consultancyintervention involves use of atechnology/process developed byCSIR, the association shall be entitledto preferential treatment.

4.1.3 Eligibility:Assistance will be provided under thisscheme for availing consultancyservices at group/cluster level, onlyto associations of industry/enterprise.The proposal should involve minimumof 8 (eight) beneficiary enterprises.Association of industries/enterprisesshould be suitably registered (i.e.,companies under the Companies Act,societies under the Societies Act,etc.) with the primary objective ofpromotion and development ofMSME. In addition, association ofenterprise must be engaged in suchactivities for at least last 3 years andhave a good/verifiable track record

& should have regular auditedaccounts for last 3 years.

Also, 50% of the beneficiaryenterprises should be profit making(PAT) in past 2 out of last 3 financialyears and necessary documentaryevidence in support of this e.g.audited P&L statement, balancesheet for last 3 years or for numberof years in existence should beprovided.

4.2 Selection of consultantConsultant(s) have to be identified bythe association. CDC will have theright to examine the suitability ofconsultant and suggest alternative.

5. Details of the schemeThe proposals are required to clearlyindicate the details of the current/upcoming issues in the group of units/cluster & the requirement of theconsultancy services to solve theseissues. The proposals are also requiredto indicate the consultant identifiedto solve the current/upcoming issuesin the cluster. To the extent possible,selection of consultant should bemade from a minimum of 2 or 3alternatives through a clearlyrecorded, transparent and verifiableprocess.


The consolidated proposal shall be put up before the prescribed Committee, set up under of the scheme, for consideration.The Committee shall examine and consider the proposals, keeping in view the merits of the case under the scheme & thefollowing evaluation criteria:

Sr. No.12345

66.1

Evaluation CriteriaRelevance/Need of the consultancy requirement in the clusterQualitative assessment of consultancy intervention proposed by consultantProcedure followed for selection of consultantParameters identified for measurement of impact of the consultancy interventionQuantum of Financial Assistance

Below 5 LacsBetween 5 Lacs-10 Lacs

Between 10 Lacs-15 LacsExperience of the consultantNumber of years of experienceMore than 5 years

MarksMax. Marks 5Max. Marks 20Max. Marks 5Max. Marks 5Max. Marks 20

20 Marks15 Marks10 Marks

Max. Marks 15

10 Marks



The association representative alongwith representative of the proposed beneficiaries units and consultant may beinvited for interaction with Consultancy Development Centre/prescribed committee.

The assistance shall be released by Consultancy Development Centre to the concerned consultant on receipt of the reportsand other prescribed documents/deliverables (prepared by the consultant and forwarded by the association) according tothe schedule of payment at prescribed milestones communicated by CDC alongwith its approval, including a final report/certificate on satisfactory delivery of consultancy services, from the concerned association and entrepreneur(s). TheAssociation /Consultant is also required to identify few quantifiable parameters and provide the inputs on these parameters,as on a date before commencement of consultancy intervention and on a date after completion of the consultancyintervention so that the benefit accrued due to the consultancy intervention can be measured in specific terms, in the finalreport.The terms of payment to the consultant shall be designed on a case to case basis by CDC depending on the merits andrequirements of the case.

6. Monitoring and EvaluationThe progress of the consultancy assignment shall be submitted by the Association to Consultancy Development Centre byway of an Inception report, a midterm report and the final report or any other document/report required by CDC forevaluating the progress. A monitoring committee of Consultancy Development Centre will review the progress andrecommend the payment to the consultant as per agreed payment terms. CDC representatives may visit the sites ofconsultancy intervention as part of its monitoring exercise as also can invite association officials/owner for interactions/presentations to CDC/prescribed committee.

7. Submission of ProposalThe proposal/application may be submitted in the format prescribed alongwith all the required supporting documentsProposals/Applications will be evaluated based on the information and supporting documents provided. The envelopecontaining proposal/application should be superscribed as “Proposal/Application for Financial Assistance to Associationsof Micro and Small Enterprises for availing Consultancy Support”The Proposals/Applications alongwith the supporting documents have to be sent only by post/courier/by-hand. Emails willnot be considered.Proposals/Applications, not accompanied with supporting documents/documentary evidence in support of the information/details provided, may be summarily rejected.Proposals/Applications are required to be submitted latest by 5th March, 2014 in CDC.CDC reserves the right to accept or reject any or all proposals/applications without assigning any reasons thereof.Proposals/Applications in the prescribed format (3 copies) may be sent to:The Director General,Consultancy Development CentreCore IV B, 2nd Floor, India Habitat Centre, Lodhi Road, New Delhi- 110003 Tel. No.: 011-24602601 Fax: 011-24602602

Note: Queries, if any, can be addressed by email to: [email protected]

6.27

Between 3-5 yearsLess than 3 yearsConsultant having experience in cluster development activitiesConsultants Experience of working with stakeholder assignments(MSEs, State Government, GoI etc.) concerning micro and small enterprisesMore than 5 projects Between 3-5 ProjectsLess than 3 projectsTrack record of Group of MSE’s in undertaking collective initiatives forincreasing the competitiveness among themselves.More than 3 successful initiativesBetween 2-3 Successful initiativesLess than 2 Successful initiatives

7 Marks5 Marks5 MarksMax. Marks 1010 Marks7 Marks5 Marks

Max. Marks 20

20 Marks 15 Marks10 Marks

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From 1.7.2012, Notification No.6/2005 has been amended byNotification No. 33/2012-S.T.,dated 20.6.2012 with effect from1.7.2012. It has been analyzed asbelow with a few examples:

The above-said Notificationexempts taxable services ofaggregate value not exceeding`10,00,000/- rupees in anyfinancial year from the whole ofthe Service Tax leviable thereonunder Section 66B of the FinanceAct, 1994.“aggregate value” means“the sum total of value of taxableservices charged in the firstconsecutive invoices issuedduring a financial year but doesnot include value chargedinvoices issued towards suchservices which are exempt fromwhole of Service Tax leviablethereon under Section 66B of thesaid Finance Act under any othernotification.”

So as per the above the value ofservices charged for the first `10lacs were outside the ambit ofService Tax but it does not includethe services which are exemptedfrom Service Tax under Section66B of the Act.

For example a person issuesinvoices for `8,00,000/- towardstaxable services and issuesinvoices for `3,00,000/- towardsexempted services, the value oftaxable services is only `8,00,000-hence the assessee can avail theexemption under the above-saidNotification as above-said.Above-said exemption issubjected to two restrictions:(i)taxable services provided by aperson under a brand name or

trade name, whether registeredor not, of another person; or(ii)such value of taxable servicesin respect of which Service Taxshall be paid by such person andin such manner as specified undersub-section (2) of Section 68 ofthe Finance Act ibid read withService Tax Rules, 1994.Simply speaking the exemption isnot available to the taxableservices for the persons whorender the services using thebrand name or trade name ofothers whether the brand or tradename has been registered or notand also the exemption is notavailable for the person payingService Tax as a recipient ofservice under reverse chargemechanism.

Exemption will apply subject tothe following conditions:(1) The provider of service canforego the exemption and payService Tax from rupee one at hisoption. But the option onceexercised in a financial year shallnot be withdrawn in between thesame financial year.

(2) The provider of taxableservice shall not avail the Cenvatcredit paid on any input services /capital goods under Rule 3 or Rule13 of the Cenvat Credit Rules,2004 for which exemption fromthe payment of Service Tax underthis notification is availed of.This is only possible in cases aperson/entity providing taxableservices and as well asmanufacturing goods. In suchcircumstances the law clearly saysthat the provider of taxableservices enjoying the exemptioncannot utilize the Cenvat credit ofinput taxable services for which

exemption has been claimed, forthe payment of Excise duty onmanufacture of goods.

(3) The provider of taxableservices shall avail the Cenvatcredit only on such inputs or inputservices received, on or after thedate on which the service providerstarts paying Service Tax and usedfor the provision of taxableservices for which Service Tax ispayable.A service provider’s taxableservices provided is `10,20,000/-(From 1.4.2013 to 30.6.2013)If the value exceeds `10 lacs onlyon 15.6.2013The provider of taxable servicereceives input services of `1500/-(service tax element) on 14.5.2013and receives input services of`1600/- (service tax element) on18.6.2013.The provider of taxable serviceshall be liable to - `20,000/-Service Tax forService Tax due for the [email protected]% - 2,472/-Less : Cenvat credit on inputservices received after 15.6.2013- `1,600/-Net Service Tax liability - `872/-

(4) The provider of taxableservice decide to opt forexemption shall be required topay equal amount of Cenvatcredit taken already on the inputslying in stores or on process onthe date of availing of exemption.Taxable turnover for 31.3.2011 -`15,20,000/-Taxable turnover for 31.3.2012- `9,00,000/-Taxable turnover for 31.3.2013- 8,00,000/-The service provider exercises his

ArticleArticleArticleArticleArticleExemption To Small Service ProvidersExemption To Small Service ProvidersExemption To Small Service ProvidersExemption To Small Service ProvidersExemption To Small Service ProvidersP. Sivaraman, F.C.A.

[Contn. on Page No. 21]


[ P. T.O.]

Dear Sir,

I/We have pleasure in requesting you to enroll me / us as RRRRRAJATAJATAJATAJATAJAT MEMBER of COSIA.

I / We have read the Rules and Regulations of the Chamber and agree to abide by them. I / We herewith remit

Rs. 5,000/-[Five Thousand] being the RRRRRAJATAJATAJATAJATAJAT MEMBERSHIP Subscription.

I note that this Membership is only for 10 years period. Find below my other details.

Name of Micro / Small / Medium Enterprise

Full Address for Correspondence

Factory Address if any

RRRRRCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONS

ESTD. YEAR : 1990 Incorporation Certificate No.11-67185/1992[Under Section 25 of Companies Act, 1956]

Date : ______________

MEMBERSHIP No.

AJATAJATAJATAJATAJAT MEMBERSHIP ADMISSION FORM FOR MSMEsMEMBERSHIP ADMISSION FORM FOR MSMEsMEMBERSHIP ADMISSION FORM FOR MSMEsMEMBERSHIP ADMISSION FORM FOR MSMEsMEMBERSHIP ADMISSION FORM FOR MSMEs

The Secretary GeneralChamber of Small Industry AssociationsTSSIA House, Plot P-26, Road no. 16/T,Wagle Industrial Estate, Thane – 400 604. Maharashtra (India)Tel : 022- 25803536, Fax : 022- 25823303Email : [email protected] Website: www.cosia.org.in


CHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSESTD. YEAR : 1990 Incorporation Certificate No.11-67185/1992

[Under Section 25 of Companies Act, 1956]

General Information : - The rates of Ordinary and Life Membership of COSIA are as below: Any MSME can apply for under this category also.

Registered Office address if any

Nature of Manufacture/Business/Service

Name of the Representative[in Full]

Class of Membership

Micro Enterprise

Small Enterprise

Medium Enterprise

Yearly Subscription

`1,000/-

1,500/-

2,500/-

Life Membership

Subscription

`10,000/-

15,000/-

25,000/-

Entrance Fee

`500

500

500

Note : 1. The Financial year of COSIA is April to March . 2. Cheque /Draft may be drawn in the name of Chamber of Small Industry Associations 3. TISA Magazine is provided to all the Members of COSIA during their Membership period.

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

1. Amount received Rs.5,000/-only. 2. Receipt No.

FOR OFFICE USE ONLY

Telephone No.:[With COde] Office: Resi.:

Fax No.:[With COde] Mobile No.:

Email address & Website

+ Signature of the proposing member of COSIA

+ Signature of the seconding member of COSIA

The above application is approved by the Managing Committee of the Chamber in its meetingheld on --------------------------------

Secretary General


RRRRRCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONS

ESTD. YEAR : 1990 Incorporation Certificate No.11-67185/1992[Under Section 25 of Companies Act, 1956]

Date : ______________

MEMBERSHIP No.

AJATAJATAJATAJATAJAT MEMBERSHIP ADMISSION FORM FORMEMBERSHIP ADMISSION FORM FORMEMBERSHIP ADMISSION FORM FORMEMBERSHIP ADMISSION FORM FORMEMBERSHIP ADMISSION FORM FORCHAMBERS / ASSOCIATIONSCHAMBERS / ASSOCIATIONSCHAMBERS / ASSOCIATIONSCHAMBERS / ASSOCIATIONSCHAMBERS / ASSOCIATIONS

The Secretary GeneralChamber of Small Industry AssociationsTSSIA House, Plot P-26, Road no. 16/T,Wagle Industrial Estate, Thane – 400 604. Maharashtra (India)Tel : 022- 25803536, Fax : 022- 25823303Email : [email protected] Website: www.cosia.org.in

Dear Sir,

We have pleasure in requesting you to enroll us as RRRRRAJATAJATAJATAJATAJAT MEMBER of COSIA.

We have read the Rules and Regulations of the Chamber and agree to abide by them. We herewith remit

Rs. 15,000/- [Fifteen Thousand] only being the RRRRRAJATAJATAJATAJATAJAT MEMBERSHIP Subscription.

We note that the Rajat Membership is only for 10 years period. We submits our details as below.

Name of Chamber/ MSME Association

Full Address for Correspondence

Name of the Representative

Telephone No.:[With COde] Office: Resi.:

Fax No.:[With COde] Mobile No.:

Email address & Website


CHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSCHAMBER OF SMALL INDUSTRY ASSOCIATIONSESTD. YEAR : 1990 Incorporation Certificate No.11-67185/1992

[Under Section 25 of Companies Act, 1956]

General Information : - The rates of Ordinary and Life Membership of COSIA for Associations are as below:

Any MSME Association/Chamber can apply for under this category also.

1. Amount received Rs.15,000/- only. 2. Receipt No.

FOR OFFICE USE ONLY

+ Signature of the proposing member of COSIA

+ Signature of the seconding member of COSIA

The above application is approved by the Managing Committee of the Chamber in its meetingheld on --------------------------------

Secretary General

Note : 1. The Financial year of COSIA is April to March .

2. Cheque /Draft may be drawn in the name of Chamber of Small Industry Associations

3. TISA Magazine is provided to all the Members of COSIA during their Membership period.

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

Class of Membership

MSME Associations

1. Associations having Membership

upto 300 members

2. Associations having Membership

above 300 members

Yearly Subscription

`

2,000/-

5,000/-

Life Membership

Subscription

`

20,000/-

50,000/-

Entrance Fee

`

500

500


option for exemption for theFinancial year 2012-2013.In the above-said example theoption can be:

The value of inputs lying in stockas on 31.3.2013 is `1,00,000/- andinput Excise duty utilized forthe payment of Service Tax is`12,360/-. The service providermust pay is `12,360/- beforeexercising the option forexemption under thenotification.

The above-said situation willcome only if an assessee-manufacturer of goods and payingExcise duty and also providingservices and paying Service Tax.

(5) If an assessee had any Cenvatcredit balance on his Service Taxaccount after payment as above-said shall lapse on the date whensuch service provider startsavailing the exemption under thisnotification.

(6) The exemption as above-saidshall be applicable per person andnot applicable per service.

For example a service providesthe following services:(a) BAS turnover – `6,00,000/-(b) Renting of immovableproperty – `5,00,000/-

The above-said assessee shall beliable to pay Service Tax when thelimit exceeds `10lacs, at whatpoint of time it reaches theexemption limit either for BAS orfor renting of immovable propertyservice on FIFO basis. Theexemption is not for differentpremises, but in aggregate for allthe premises from were taxableservices have been rendered.

(7) The aggregate value of taxable

services rendered by a serviceprovider from all the premisesduring the preceding financialyear should not exceed `10 lacs.Taxable value of servicesrendered for 31.3.2011 -`12,00,000/-Taxable value of servicesrendered for 31.3.2012-` 9,00,000/-Taxable value of servicesrendered for 31.3.2013- 8,50,000/-The service provider even thoughhaving a below taxable turnoverof `9,00,000/- shall be liable topay Service Tax from `1/- for theyear 2011-2012 due to the criteriafor the exemption is taxableservices rendered during thepreceding Financial year 2010-2011.

However the assessee can claimexemption for the year 2012-2013as the taxable turnover for theyear 2011-2012 is below `10 lacs.

(8) For the purpose ofdetermination of the aggregatevalue as above-said of `10 lacs, inrelation to taxable servicesprovided by a Goods TransportAgency, the payment receivedtowards the gross amount chargedby such GTA under sub-section 67of Finance Act ibid for which theperson liable for paying ServiceTax is as specified under sub-section (2) of Section 68 ofFinance Act ibid read with ServiceTax Rules, 1994 shall not be takeninto account.

For example a GTA having ataxable turnover of `8,50,000/-(this is excluding `2,00,000/-charged by him but Service Taxpaid by the recipient underSection 68(2) of the Act)

In this case the taxable turnoverof the GTA is only `8,50,000/- andcan enjoy the exemption.

(9) Brand name or trade name :Explanation(a) brand name or trade namemeans whether registered ornot(i.e.) name or a mark, such assymbol, monogram, logo, lebel,signature or invented word orwriting;(b) which is used in relation tosuch specified services for thepurpose of indicating or so as toindicate a connection in thecourse of trade between suchspecified services; and(c) some person using such nameor mark with or without anyindication of the identity of thatperson.

(10) Aggregate Value Means(a) The sum total of value oftaxable services charged in thefirst consecutive invoices issuedduring a financial year but doesnot include:(i) Value charged in invoicesissued towards such serviceswhich are exempt from whole ofService Tax leviable thereonunder Section 66B of the FinanceAct ibid under any otherNotification.Example: Value of invoices issuedis `12,00,000/- which includesvalue of invoices which wereexempted by mega exemptionNotification No. 25/2012amounting to ` 3,00,000/-.In the above-said example thetaxable turnover is `9,00,000/-and covered by the NotificationNo. 33/2012-S.T. dated 20.6.2012hence no Service Tax liability.

[Source : Service Tax Review dated15.10.2013]

ArticleArticleArticleArticleArticle


ReportReportReportReportReport

Regulation is a reality from the beginning of a firm’s life tothe end (figure 1.1). Navigating it can be complex andcostly. On average around the world, starting a businesstakes 7 procedures, 25 days and costs 32% of income percapita in fees. But while it takes as little as 1 procedure,half a day and almost nothing in fees in New Zealand, anentrepreneur must wait 208 days in Suriname and 144 inRepública Bolivariana de Venezuela.

And this is just the tip of the iceberg. Consider what thenew firm must go through to complete other transactionsat the average level of time and effort required aroundthe world. Preparing, filing and paying the firm’s annualtaxes could take up another 268 hours of its staff’s time.Exporting just one shipment of its final products could take6 documents, 22 days and more than $1,500. If the firmneeds a simple warehouse, getting the facility ready tostart operating could take 26 procedures and 331 daysmore—to buy the land, register its ownership, build thewarehouse and get electricity and other utility connections.Having sorted out these initial formalities, if the firmbecomes embroiled in a legal dispute with one of itssuppliers or customers, resolving the dispute could meanbeing stuck in court for 622 days, with costs amounting to35% of the value of the claim.

To operate and expand, the firm will need financing—fromshareholders or from creditors. Raising money in the capitalmarket is easier and less costly where minorityshareholders feel protected from self-interestedtransactions by large shareholders. Good corporategovernance rules can provide this kind of protection. Butamong the 189 economies covered by Doing Business, 46still have only very limited requirements for disclosingmajority shareholders’ conflicts of interest—or none at all.This undermines trust in the system, making it less likely

Doing Business 2014Understanding Regulations for Small & Medium –Size Enterprises

that investors will take a minority stake in a firm.

Similarly, creditors need guarantees that their loans willbe repaid. Information about potential borrowers and solidlegal rights for creditors play an important part in providingthose guarantees. Yet institutions providing these are notuniversal among the 189 economies: 35 have no creditbureau or registry that distributes information aboutborrowers, and 124 lack a modern collateral registry wherea creditor can check whether a movable asset being pledgedas collateral has any other liens on it. If despite all effortsthe firm ends up insolvent, having institutions in place thatenable creditors to recover their assets is also important.On average around the world, creditors recover no morethan 35% of their initial loan in case of bankruptcy asmeasured by Doing Business.

In many parts of the world in recent years, Doing Businessdata show that there has been remarkable progress inremoving some of the biggest bureaucratic obstacles toprivate sector activity. Yet small and medium-sizeenterprises still are subject to burdensome regulationsand vague rules that are unevenly applied and thatimpose inefficiencies on the enterprise sector. Thiscurtails the overall competitiveness of economies and theirpotential for creating jobs.

Doing Business is not about less regulation but aboutbetter regulation.The economies ranking highest on the ease of doingbusiness therefore are not those with no regulation butthose whose governments have managed to create aregulatory system that facilitates interactions in themarketplace and protects important public interestswithout unnecessarily hindering the development of theprivate sector—in other words, a regulatory system withstrong institutions and ow transactions costs.

Recently the World Bank has published its report Doing Business 2014. It is based on regulations relatingto starting a business, ease with construction permits, getting electricity connection, register property,getting the credit, ease to pay taxes, enforce contracts, trading across the borders, protecting investors andease to resolve insolvency etc.The report notes that small & Medium-Size enterprises are still subject to burdensome regulations.

According to the said report amongst 189 economics India is ranked at 134 which a matter of greatconcern.

Here we present excerpts from this report for the readers.Editor


It is generally the biggergovernments (as measuredby government consumptionexpenditure as a percentage ofGDP), not the small ones, thattend to provide more of theprotections and efficient rulespromoted by Doing Business.

Economies performing well onDoing Business indicators includeexamples with large governmentsas well as those with small ones.Denmark, with among the largestgovernments in the world, isnumber 5 in the ease of doingbusiness ranking; theNetherlands, also with one of thelargest governments, is number28. Hong Kong SAR, China, with arelatively small government, isnumber 2 in the ranking.Economies performing poorly onDoing Business indicators alsoinclude examples with large andsmall governments. Zimbabwe,with a large government relativeto GDP, ranks at 170; EquatorialGuinea, with a small government,ranks at 166. Nevertheless, onaverage economies with smallergovernments do not performbetter on DoingBusinessindicators than those with largergovernments.

WHAT GAINS WERE ACHIEVED IN2012/13?Reforming in any area ofgovernment policy is a challenge.Business regulation is

ReportReportReportReportReportno exception. Implementingregulatory changes often requiresagreement among multipleagencies in a government.Consider a onestop shop forbusiness registration. Creatingone involves coordination acrossthe business registry, thestatistical office, the municipaltax office and the state tax office,to name just a few. But 96economies have neverthelessdone so.

Governments undertake suchreforms because reducing thecomplexity and cost of regulatoryprocesses or strengthening legalinstitutions relevant to businessregulation brings many benefits.Governments benefit from costsavings because the new systemsoften are easier to maintain(though setting up a new systeminvolves an initial fixed cost).F irms benefit from morestreamlined and less costlyprocesses or more reliableinstitutions. And economies as awhole benefit from new firmstart-ups, more jobs, growth intrade and greater overalleconomic dynamism (see thechapter on research on the effectsof business regulations).

In 2012/13 such efforts continuedaround the world: 114 economiesimplemented 238 regulatoryreforms making it easier to dobusiness, about 18% morereforms than in the previous year.

This is the second highest numberof reforms implemented in a yearsince the financial crisis of 2009.

WHO IMPROVED THE MOST INTHE PAST 5 YEARS?Two-thirds of the reformsrecorded by Doing Business in thepast 5 years focused on reducingthe complexity and cost ofregulatory processes; theremaining third sought tostrengthen the institutionalframework for businessregulation. Among the 183economies, only 7 implementedno changes in any of the areasmeasured by Doing Business—Antigua and Barbuda, Bolivia,Eritrea, Iraq, Kiribati, theFederated States of Micronesiaand the United States. Except forthe United States, these areeconomies that typically rank lowon the ease of doing business.

The 20 economies narrowing thegap the mostOf the 20 economies narrowingthe gap with the regulatoryfrontier the most since 2009, 9 arein Sub-Saharan Africa, 8 are inEurope and Central Asia, 2 are inEast Asia and the Pacific, and 1 isan OECD high-income economy(figure 1.7). None are in theMiddle East and North Africa orLatin America and the Caribbean,the regions that consistently havesmaller numbers of reformers.Among the 20 economies are bothsmall and large economies as well


as economies at all income levels,though there is a higher incidenceof low- and lower-middle-incomeeconomies. Together over the past5 years, these 20 economiesimplemented 253 regulatoryreforms making it easier to dobusiness, about 20% of the globaltotal for the period. Two ofthem—Ukraine and Rwanda—implemented at least 1 regulatoryreform in every area measured byDoing Business. In line with theglobal trend, starting a businesswas the most common area ofregulatory reform among the 20economies, followed by payingtaxes.

The 20 economies narrowing theregulatory gap the most aredynamic in other ways as well.Overall, new firm creation inthese economies has at least keptpace with the world average inrecent years. Total firm density—the number of firms per 1,000adults—has steadily increased(figure 1.10). In Russia, forexample, the number of firms per1,000 adults grew from 22 in 2006to 35 in 2012. In a few of the Sub-Saharan African economies thenumber increased more than 10-fold. In Rwanda the number offirms per 1,000 adults rose from0.3 to 3.4. While this is stillsubstantially below the worldaverage of 12.4, the increase overtime is impressive. Globally, bothtotal firm density and new firmdensity (the number of new firmscreated per 1,000 adults) are

significantly correlated withperformance on the DoingBusiness indicators

WHAT IS IN THIS YEAR’S REPORT?This year’s report also presents anexpanded data set. It includes 189economies, featuring for the firsttime data for Libya, Myanmar, SanMarino and South Sudan.

Like previous reports, this year’sreport includes case studies.These focus on good practices in 6of the areas measured by DoingBusiness indicator sets, with aparticular focus on e-governmentand online government services.The case studies look at the roleof minimum capital requirementsin starting a business; risk-basedinspections in dealing withconstruction permits; the coststructure in getting electricity;singlewindow systems in tradingacross borders; e-filing and e-payment in paying taxes; and e-courts in enforcing contracts. Inchoosing case studies anddescribing attempts in differentparts of the world to implementbetter practices, the report hasattempted to illustrateexperiences and highlightprocesses with broad relevancefor governments consideringsimilar reforms. There arepotentially useful lessons to belearned from the experiences ofothers.

The kind of data delivered byDoing Business over the years has

sustained the interest of policymakers. One reason is thatimplementing coherent economicpolicies in the face of a rapidlychanging global economy and anuncertain economic outlook is agreat challenge. Many of thefactors shaping the environmentin which economic policies areformulated lie well outside thecontrol of most policy makers,especially those in thedeveloping world; global interestrates, the international prices ofprimary commodities, the qualityof macroeconomic managementin the larger economies, are allexamples that come to mind. Butthe rules and regulations thatgovernments choose to put inplace to underpin private sectoractivity are largely homemade.Whether the rules are sensible orexcessively burdensome,whether they create perverseincentives or help establish alevel playing field, whetherthey safeguard transparencyand encourage adequatecompetition—all this is largelywithin the control ofgovernments. As governmentsover the past decade haveincreasingly understood theimportance of business regulationas a driving force ofcompetitiveness, they haveturned to Doing Business as arepository of actionable dataproviding useful insights intogood practices worldwide.

[www.doingbusiness.org]



ReportReportReportReportReportOverview :

Rankings on the ease of doing business

Rank495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596

EconomySlovak RepublicKazakhstanTunisiaSpainMexicoHungaryPanamaBotswanaTongaBulgariaBrunei DarussalamLuxembourgSamoaFijiBelarusSt.LuciaItalyTrinidad and TobagoGhanaKyrgyz RepublicTurkeyAzerbaijanAntigua and BarbudaGreeceRomaniaVanuatuCzech RepublicMongoliaDominicaMoldovaGuatemalaSeychellesSan MarinoSt. Vincent and the GrenadinesZambiaBahamas, TheSri LankaKosovoMoroccoUruguayCroatiaAlbaniaBarbadosRussian FederationSerbiaJamaicaMaldivesChina

DB2014 reforms000130411010004031003303311303300012433151050312

Rank123456789

101112131415161718192021222324252627282930313233343536373839404142434445464748

EconomySingaporeHong Kong SAR, ChinaNew ZealandUnited StatesDenmarkMalaysiaKorea, Rep.GeorgiaNorwayUnited KingdomAustraliaFinlandIcelandSwedenIrelandTaiwan, ChinaLithuaniaThailandCandaMauritiusGermanyEstoniaUnited Arab EmiratesLatviaMacedonia, FYRSaudi ArabiaJapanNetherlandsSwizerlandAustriaPortugalRwandaSloveniaChileIsraelBelgiumArmeniaFranceCyprusPuerto Rico (U.S.)South AfricaPeruColombiaMontenegroPolandBahrainOmanQatar

DB2014 reforms211003110210110021030134600200181120210010222111



Rank979899

100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142

EconomySolomon IslandsNamibiaVietnamPalauSt. Kitts and NevisCosta RicaMaltaKuwaitNepalBelizeGrenadaPhilippinesParaguayPakistanLebanonUkrainePapua New GuineaMarshall IslandsGuyanaBrazilDominican RepublicEl SalvadorJordanIndonesiaCape VerdeKiribatiSwazilandNicaraguaEthiopiaArgentinaHondurasEgypt, Arab Rep.KenyaBangladeshBosnia and HerzegovinaUgandaYemen, Rep.IndiaEcuadorLesothoCambodiaWest Bank and GazaMozambiqueBurundiBhutanSierra Leone

DB2014 reforms0022021110031008001001012022010001010011012620

Rank143144145146147148149150151152153154155156157158159160161162163164165166167168169170171172173174175176177178179180181182183184185186187188189

EconomyTajikistanLiberiaTanzaniaUzbekistanNigeriaMadagascarSudanGambia, TheIraqIran, IslamicRep.AlgeriaBurkina FasoMaliMicronesia, Fed, StsTogoComorosLao PDRDjiboutiSurinameBoliviaGabonAfghanistanSyrian Arab RepublicEquatorial GuineaCote d’lvoireCameroonSao Tome and PrincipeZimbabweMalawiTimor-LesteMauritaniaBeninGuineaNigerHaitiSenegalAngolaGuinea –BissauVenezuela, RBMyanmarCongo, Dem. Rep.EritreaCongo, Rep.South SudanLibyaCentral Arfican RepublicChad

DB2014 reforms22260201000100311320320040001012320101113030011

Note: The rankings for all economies are benchmarked to June 2013 and reported in the country tables. This year‘s rankingson the ease of doing business are the average of the economy‘s percentile rankings on the 10 topics included in this year‘saggregate ranking. The number of reforms excludes those making it more difficult to do business.Source: Doing Business database.


In view of the need to ease the liquidity stress to Micro and Small Enterprises (MSE) sector which is employmentintensive and contributes significantly to exports, it has been decided to provide refinance of an amount of`5,000 crore to the Small Industries Development Bank of India (SIDBI) under the provisions of Section 17(4H)of the Reserve Bank of India Act, 1934.

The refinance will be available for direct liquidity support to finance receivables, including export receivable,to MSEs by SIDBI or for liquidity support to MSEs through selected intermediaries, that is, banks, Non-BankingFinancial Companies (NBFCs) and State Finance Corporations (SFCs). The refinance will be available againstreceivables, including export receivables, outstanding as on November 14, 2013 onwards. The facility will beavailable at the prevailing 14-day term repo rate for a period of 90 days. During this 90-day period, the amountcan be flexibly drawn and repaid. At the end of the 90-day period, the drawal can also be rolled over. Therefinance facility will be available for a period of one year up to November 13, 2014. The utilisation of fundswill be governed by the policy approved by the Board of SIDBI.

Incremental credit to Medium Enterprises to qualify as Priority Sector

The Medium Sector (as defined vide notification No.S.O.1722(E) dated October 5, 2006 of the Ministry of SmallScale Industries) is also facing liquidity tightness. In order to enhance credit delivery to the medium sector, ithas been decided to include, as eligible priority sector lending, incremental credit, including export credit,extended to the medium enterprises by the scheduled commercial banks (excluding RRBs) over the outstandingcredit as on November 13, 2013. The facility will be available upto March 31, 2014 and will be within the overalltarget of 40 per cent.

BackgroundThe liquidity support comes in the wake of slowdown in the economy which has resulted in liquidity tightnessin a large number of Micro and Small Enterprises (MSEs) in the manufacturing and services sector, particularlydue to delayed settlement of receivables from large corporate, Public Sector Undertakings and governmentdepartments.

Alpana KillawalaPrincipal Chief General Manager

[Source : RBI]

BankingBankingBankingBankingBankingRBI extends Liquidity Support to Micro,

Small and Medium Enterprises

Refinance to SIDBI to ease Liquidity Stress to MSE Sector

Mid-Quarter Monetary Policy Review: December 2013Monetary and Liquidity MeasuresOn the basis of an assessment of the current and evolving macroeconomic situation, it has been decidedto:• keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 7.75 per cent; and• keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and timeliability (NDTL).Consequently, the reverse repo rate under the LAF will remain unchanged at 6.75 per cent, and the marginalstanding facility (MSF) rate and the Bank Rate at 8.75 per cent.


As a group, small and medium enterprises are the most lucrative for any lender since they pay higher interestrates than the big ones. But they are often ignored citing the ‘inherent risk’ of doing business with lesserknown companies.

The group may not have the lobbying power of either the telecom companies, or the automobile industrydespite playing a big role in the real economic activity. But there is light at the end of tunnel in these difficulttimes. The RBI last month opened a refinance window of `5,000 crore for small companies.

If economic growth has to revive and prosperity needs to be shared by millions, it is essential that this segmentgets due attention.

Financial Exclusion in MSEM SectorInstitutional Sources 5.18% Non-Institutional 2.08% Self Finance/No Finance 92.77%Nothing can be more shocking than the fact that 90% of the SMEs are left to fend for themselves. If thesecompanies get the banks’ attention, millions may have a sustainable livelihood.

Impaired Assets Ratio (%)

BankingBankingBankingBankingBankingReviving Small Enterprises

It is a myth that they contribute more to asset quality deterioration that the bigger companies. In fact theproportion of impaired assets is lower than for big ones.

Restructuring in MSE Segment (%)

SegmentMicro + Small

Medium + Large

200910.77.8

201010.69.4

20119.48

20129.7

11.2

201310.614.8

MarchImpaired Assets ratio = (GNPA + RestructuredStandard Advances + Cumulative write off) to(Total Advances+ Cumulative write off)

*Restructured Standard Advances

These underprivilegedamong the business classfare better when it comesto loans restructuring.Banks have a biggerproblem with bigcompanies when it comesto restructuring.

SegmentMicro + SmallMedium + Large

March

Rest Std Advs/Total Gross AdvsRest Std Advs/Total Gross Advs

20092.994.8

20102.676.39

20112.055.04

20121.697.52

20131.689.8

Estimated Outstanding Credit demand and Supply of MSMEs

(Credit gap as % of total demand)

2010-112011-122012-132013-142014-152015-162016-17

65625956524843

Although bank lending has beenrising, the yawning gap of creditneed may not be met for decadesunless there’s an acceleratedprogramme.

Graphic : Sandeep Source : RBI

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Contact :Hema Thakkar/ 9821682434 /

[email protected][Soucre : Eco. Times dated 11.12.2013]

APT CONSULTANTS


GOVERNMENT OF INDIAMINISTRY OF FINANCE, DEPARTMENT OF REVENUE

Notification No. 15/2013 – Central Excise (N.T.)New Delhi, the 22nd November, 2013

01, Agrahayan 1935 Saka

G.S.R. (E). - In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), theCentral Government hereby makes the following rules to further amend the Central Excise Rules, 2002, namely:-1. (1) These rules may be called the Central Excise (Second Amendment) Rules, 2013. (2) They shall come into force with effect from the 1st day of January, 2014.

2. In the Central Excise Rules, 2002, in rule 8, in sub-rule (1), in the third proviso, for the words “rupees tenlakh”, the words “rupees one lakh” shall be substituted.

F. No. 201/02/2013-CX.6(Pankaj Jain)

Under Secretary to the Government of India

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i),dated the 1st March, 2002 vide notification No. 4/2002 – Central Excise ( N.T.), dated the 1st March, 2002, [G.S.R.143 (E), dated the 1st March, 2002] and was last amended, vide, notification No. 2/2013 - Central Excise (N.T.),dated the 1st March, 2013, [G.S.R 149(E) dated the 1st March, 2013].

Law UpdateLaw UpdateLaw UpdateLaw UpdateLaw Update

Simplifictaion of procedure-process re-engineering in respect of permissions topurchase land under section 63 1(A) of BTAL Act 1948 (Revised 1994)

Government of MaharashtraDirectorate of Industries

Law Update [Maharashtra]Law Update [Maharashtra]Law Update [Maharashtra]Law Update [Maharashtra]Law Update [Maharashtra]

Development Commissioner(Industries) ‘is empowered togrant permissions to purchaseagricultural land for the bonafideindustrial use under section 63-1Aof BTAL Act, 1948 (amended on 28/04/1994) with a view thatagricultural land is made availablefor bonafide industrial purposewith hassle free conversion of thesame to its use for nonagriculturalpurpose under section 44A ofMLRC for industrial use.Accordingly, as per section 63-1Aof the Act DevelopmentCommissioner (Industries) isexpected to consider thejustification and adjudge

reasonableness of therequirement of land proposed tobe purchased with reference tothe nature of the bonafideindustrial use of land whilegranting the permission and theproject proponents are expectedto obtain Sanad under section 44Aof MLRC, 1966.

The Directorate of Industries hascarried out Business Process Re-engineering in respect of grantingsuch permissions for the bonafideindustrial use under section 63-1Aof BTAL Act, 1948 (amended on 28/04/1994) according to the para 6.4of Maharashtra Industrial Policy-

20 13.

In view of the limited role of thisDirectorate it will be mentionedin the permissions that theDirectorate of Industries has notgone into the aspect of consents/permissions/clearances to bedealt with by the concerneddepartment/agencies of the Stateand Central Government requiredfor execution of the project andthat it shall be responsibility ofthe Applicant to seek suchconsents/permissions/clearancesseparately before putting the landfor bonafide industrial use.

It will also be incorporated in such


permissions that sale of the lands belonging to persons from Scheduled Tribe shall be subject to provisions ofsections 36 and 36A of MLRC, 1966 and of the Maharashtra Restoration of Lands Act, 1974. Similarly, the applicantshall comply with the conditions mentioned in section 44A of MLRC and obtain Sanad for use of the land forbonafide industrial purpose.

It is therefore requested that the concerned departments and agencies of the State and the Central governmentmay grant the clearances and permissions required for putting the land for bonafide industrial use on merit asper their set procedure. It may please be noted that such permissions do not provide any right or privilege tothe Applicant to obtain the consents/permissions/clearances required in respect of the lands and for executionof the project from the competent authorities of the departments/agencies of the State or Central Government.Copy forwarded to Industries Associations (all) for information, along with specimen of revised applicationform, affidavit and checklist of documents to be enclosed with the application.

Develovpment Commissioner [Industries]

Law Update [Maharashtra]Law Update [Maharashtra]Law Update [Maharashtra]Law Update [Maharashtra]Law Update [Maharashtra]

Income TaxIncome TaxIncome TaxIncome TaxIncome Tax

SLP (Civil) No. 11406 of 2008 withSLP (C) Nos. 14048, 14050, 14051,14049, 14768, 20154, 21851, 25727,27453, 27454, 27455, 27456, 27457,27458, 27459, 27460, 27461, 27462,27463, 27677 of 2012 & 5730 of2013, C.A. Nos. 6301 of 2011, 2534,2535, 2536, 2537, 2539, 2540, 2541,2542, 2543, 2944, 2945, 3436, 3437,3445, 3446, 5408, 7596, 7772 of2012, 2589, 5478 of 2013, 4630,3825, 3826 of 2012, 7217 of 2011,4335, 4336, 4337, 4338, 4339, 4340,4341, 4342, 4343, 4344, 4345, 4346,4347, 4348, 4349, 4350, 4351, 4352,4353, 4354, 4355, 4356, 4357, 4358,4359, 4360, 4361, 4362, 4363, 4364,4365 &4366 of 2012 decided on18.9.20131

Refund – Interest on delayedrefund only when statuteprovides – Sandvik Asia Ltd. [2006(196) E.L.T. 257 (S.C.)] – In thiscase, assessee who was made to

Court RulingCourt RulingCourt RulingCourt RulingCourt Ruling2013 (296) E.L.T. 433 (S.C.)

IN THE SUPREME COURT OF INDIAH.L. Dattu, Sudhansu Jyoti Mukhopadhaya and M.Y. Eqbal, JJ.

COMMISSIONER OF INCOME TAX, GUJARATVersus

GUJARAT FLUORO CHEMICALSwait for refund of interest fordecades, was compensated forgreat prejudice caused to themdue to inordinate delay in itspayment after lapse of statutoryperiod – It is misinterpretation ofthis case that Revenue is obligedto pay interest on interest on itsfailure to refund interest payablewithin statutory period – It is onlyinterest provided under statutewhich can be claimed by assesseefrom Revenue and no otherinterest on such statutory interest– Section 214 of Income Tax Act,1961.[paras 6,7,8]

Reference answered

[Order].-Doubting the correctnessor otherwise of the decision ofthis Court in the case of SandvikAsia Limited v. Commissioner ofIncome Tax & Ors., - (2006) 2 SCC508 =2006 (196) E.L.T. 257 (S.C) =2007 (8) S.T.R. 193 (S.C.), a Bench

of two learned judges hasreferred the following question oflaw for our consideration andauthoritative pronouncement byorder dated 28.8.2012:

“The question which arises in thiscase is, whether interest ispayable by the Revenue to theassessee if the aggregate ofinstallment of advance Tax of TDSpaid exceeds the assessed tax?”2. In the aforesaid order ofreference, this Court has brieflynoticed the facts and thediscussions in Sandvik case(supra) wherein, the main issuefor consideration anddetermination by this Court was,whether the assessee is entitledto be compensated by theRevenue for delay in payment ofthe amount admittedly due to theassessee. This Court has noticedinter alia the provisions of Section


214 of the Income Tax Act, 1961(for short ‘the Act’) and in light ofthe same has doubted thecorrectness of the decision inSandvik case(supra).

3. In order to answer the aforesaidissue before us, we have carefullygone through the judgment of thisCourt in Sandvik case (supra) andthe order of reference. We havealso considered the submissionsmade by the parties to the lis.4. We would first throw light onthe reasoning and the decision ofthis Court on the core issue inSandvik case (supra). The onlyissue formulated by this Court forits consideration and decision waswhether an assessee is entitled tobe compensated by the IncomeTax Department for the delay inpaying interest on the refundedamount admittedly due to theassessee. This Court in the factsof the said case had noticed thatthere was delay of variousperiods, ranging from 12 to 17years, in such payment by theRevenue. This Court had furtherreferred to the several decisionswhich were brought to its noticeand also referred to the relevantprovisions of the Act whichprovide for refunds to be made bythe Revenue when a superiorforum directs refund of certainamounts to an assessee whiledisposing of an appeal, revisionetc.

5. Since, there was an inordinatedelay on the part of the Revenuein refunding the amount due tothe assessee this Court hadthought it fit that the assesseeshould be properly andadequately compensated and

therefore in paragraph 51 of thejudgment, the Court whilecompensating the assessee haddirected the Revenue to pay acompensation by way of interestfor two periods, namely; for theAssessment Years 1977-78, 1978-79, 1981-82, 1982-83 in a sum ofRs. 40,84,906/- and interest @9%from 31.3.1986 to 27.3.1998 and indefault, to pay the penal interest@15% per annum for the aforesaidperiod.

6. In our consideration view, theaforesaid judgment has beenmisquoted and misinterpreted bythe assessee and also by theRevenue. They are of the viewthat in Sandvik case (supra) thisCourt had directed the Revenueto pay interest on the statutoryinterest in case of delay in thepayment. In other words, theinterpretation placed is that theRevenue obliged to pay aninterest on interest in the eventof its failure to refund the interestpayable within the statutoryperiod.

7. As we have already noticed, inSandvik case (Supra) this Courtwas considered the issue whetheran assessee who is made to waitfor refund of interest for decadesbe compensated for the greatprejudice caused to it due to thedelay in its payment after thelapse of statutory period. In thefacts of that case, this Court hadcome to the conclusion that therewas an inordinate delay on thepart of the Revenue in refundingcertain amount which includedthe statutory interest andtherefore, directed the Revenueto pay compensation for the same

not an interest on interest.

8. Further it is brought to ournotice that the Legislative by theAct No. 4 of 1988 (w.e.f. 1.4.1989)has inserted Section 244A to theAct which provides for interest onrefunds under variouscontingencies. We clarify that it isonly that interest provided forunder the statute which may beclaimed by an assessee from theRevenue and no other interest onsuch statutory interest.

9. With the aforesaid clarificationwe now refer back all the mattersbefore a Two Judge Bench of thisCourt to consider each caseindependently and take anappropriate decision one way orthe other.10. Ordered accordingly.

[Source : Excise Law Times dated[28.10.2013]

Income TaxIncome TaxIncome TaxIncome TaxIncome Tax Court RulingCourt RulingCourt RulingCourt RulingCourt Ruling

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sauTka naahI. tI haoNyaasaazI Aajacao ica~ badlaayalaa hvao.

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AaNaKI ek mau_a Aaho qakbaakIcaa. SaotIpMpaMcaI saumaaro 7hjaar kaoTI¸ mahapailaka¸ nagarpailaka [%yaadIMcaI ADIca hjaarkaoTI¸ maULap`varacaI ADIca hjaar kaoTI AaiNa pa^varlaUmsacaI ekhjaar kaoTI qakbaakI Aaho. SaotIpMpaMcyaa qakbaakIbaabatItf@t sarkarca BaUimaka Gao} Sakto. paNyaacyaa mau_yaaba_laQaaorNa zrvaNyaacaI garja Aaho¸ karNa vaIjaibala Barlao naahImhNaUna kuzlyaahI gaavaacaa ikMvaa Sahracaa paNaIpurvaza taoDNaoASa@ya Aaho. maULap`vara ho p`krNa nyaayapìvaYT Aaho. triBavaMDI ha Baaga 2007 saalaI Ta^roMT kMpnaIlaa doNyaacyaa AaQaIcaIpa^varlaUmsacaI qakbaakI Aaho. ta%pya- yaat kuzlaahI saamaanyagaàhk kahIhI k$ Sakt naahI¸ tsaoca tao qakbaakIsajabaabadarhI naahI.

sartoSaovaTI¸ jaaopya-Mt sarasarI vaIja ikMmat KalaI yaot naahItaopya-Mt saQyaacyaa caca-ot Asalaolao ]paya ho malamap+I trI AahotikMvaa laxa dusarIkDo vaoQaNyaacao p`kar Aahot. Aa%maprIxaot¸‘maaJao kaya cauklaoÆ’ ho baGaNao Apoixat Asato. yaa sava-karvaa[-t %yaacaaca tr ABaava Aaho.

marazI ivaBaagamarazI ivaBaagamarazI ivaBaagamarazI ivaBaagamarazI ivaBaaga

Dear Dilip,

We must congratulate you that COSIA is the only organization in India addressing the MSME issues, Thecredit goes to Mr. Khambete and the full COSIA team.

Capt. Harendra N Mahapatra,Working ChairpersonEntrepreneurs & Finance Customers Association Of India [EFCAI], Bhubaneswar

Pat on COSIAPat on COSIAPat on COSIAPat on COSIAPat on COSIA

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○


NewsNewsNewsNewsNews

Visit our Website : www.tssia.org

LBTShri. M.R. Khambete, President;Shri. Ashish Sirsat, EC Memberand Shri. Ashok Badala – THAMCommittee Member met theMunicipal Commissioner ofThane Shri. Gupta to discuss theissue of LBT. The Commissionerhas agreed that 50% amount ofthe differential LBT should bepaid without interest till20th December, 2013 andremaining 50% be paid withoutinterest before 20th January, 2014.This arrangement will be availableonly to those assesses who haveregularly paid LBT @ 2%. TheCommissioner further assuredthat if TMC achieves its targetedrevenue than they might consider2% uniform rate.

Raids by TMC on LBT EvadersTMC is conducting raids on LBTevaders. Recently three of theindustries in Wagle Estate wereraided for LBT evasion. A totalrecovery from these evaders wasestimated to the tune of Rs 90lakhs which is inclusive of LBT,Interest and penalty. TSSIA wasinformed about the same throughnewspapers that two of theseindustries were not evenregistered under LBT rules and

hence suffered heavy penalties.As a result, TSSIA has issued acircular requesting the it ’smembers to pay LBT as decided byTSSIA and that TSSIA will notsupport those who are evadingLBT

EXCISECentral Excise RAC Meeting willbe held on 10th January, 2014.Members are requested toforward their issues and queriesregarding Central Excise to TSSIAat the earliest.

SEMINARS/ TRAINING/ACHIEVEMENTSAchievement of our memberM/s Sane Brothers hascontributed in India’s MarsMission and for the same Shri.Sane of M/s Sane Brothers wasfelicitated by both ISRO andGodrej Boyce Co.

A Full day Seminar on ForeignTrade was organized by TSSIAForeign Trade Committee at TSSIAHouse – R.B. Ankola Hall.This seminar was conducted withthe aim to enhance theknowledge of Exporters regardingForeign Trade and Procedure; thefollowing topics were covered at

this seminar:• Export Procedure &Documentation• Export of Services• Supply to Special Economic Zone• Providing Services to SpecialEconomic Zone• Procedure for Refund of CenvatCredit upon Export of Goods orServices• Various Schemes under ForeignTrade Policy• Types of Letters of CreditThe speakers at this seminar wereShri. Sanjay Dwivedi, Advocate;Shri. Ajay Pandit, Shri. ManojKasale, Advocate and Smt. VaishaliKulkarni

This seminar was attended by bothmembers and non members.

Seminar on the topic of TeamDynamics & Development andBusiness Etiquette was organisedby TSSIA at TSSIA House – R.B.Ankola Hall. Shri E.V. Girish, anInspirational Speaker and Trainerconducted the seminar.

CONSULTANTSMr. V. Venkatraman,

Excise ConsultantShop No.3, Shree Sai Appts.,Behind Dany’s Comp, KarvaloNagar, Thane - 400606.

Contact :25827722 / 25810419

Expor t , Impor t Management ,Market ing, Sel f -employment, ISO9000 and a lso in Persona l i tyDevelopment, Stress Management byOmkar Theraphy.

Contact:Vaishali Kulkarni.

Tel.: (R) 25825688. Fax:25822249.Mobile : 9821245820

SYSCON INC

• Computer Hardware, Networking Softwares, Repairs of Laptop etc.• CC TV Systems/Access systems• Power Backup & Generation.• UPS, Inverters, Solar systems

9867135504/8108553409Contact :

‘hmaaro baIca maoM’ kivata maoM Aap yaad idlaato hO ……

ek hI hO hmaara pircayahma rKto hO dRZinaScaya ÈlaGau ]Vaoga ko jaao p`Sna hOek ek caunakr laonaa hO Èyah sabakao hmao hla krnaa hOsaMgazna ka ivaSvaasa idlaanaa hO ÈsamasyaaAaoM kao yahaÐ Jauknaa hOva@t kao BaI yahaÐ $knaa hO È

³dRZinaScaya kivatasao

]Vaojak banakr hmabanao hO Baa[- Baa[- Aapsa maoM È@yau DroMgao galat kanauna saojaao hO ‘iTsaa’ hmaaro ibaca maoM ÈÈ

iTsaa kvaI Saantma\ Aapnao hI kha hO ……

TISA(7th january, 2014)36

HAPPY NEW YEAR 2014 - Cosiacosia.org.in/pdfs/tisa/2014-01-tisa.pdf · TISA ( 7th January ‘14) 7...

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