A bunch of regulatory and administrative issues is scuttling the growth of pharma exports, according to the federation of pharmaceutical and allied products merchant exporters (FPME).
The association has flagged the concerns to finance ministry, the Central Board of Indirect Taxes and Customs and other government bodies on the challenges being faced by the exporters.
According to the exporters, section 43B(h) of the Income Tax Act, which came into effect in April 2024, has severely impacted the cash cycle of exporters. This section mandates the companies to pay their suppliers registered as micro, small and medium enterprises (MSMEs) within 45 days to qualify for tax deductions.
Diese Geschichte stammt aus der December 12, 2024-Ausgabe von Financial Express Kochi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 12, 2024-Ausgabe von Financial Express Kochi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
EY case puts spotlight on white-collar labour laws
● Decades-old laws largely focused on blue-collar workers
Pushpa 2 hits ₹1,000-crore milestone at global BO
ALLU ARJUN'S PUSHPA 2: The Rule has hit the milestone of ₹1,000 crore at the global box office in just six days, making it the fastest Indian film to register the feat.
Why international stars are pulling out of Hockey India League en masse
THE NO-SHOW
US hotels welcome Indian tourists with chai, samosa
POST-COVID BOOM
Credit card issuance slows in Q1: Report
THE ISSUANCE OF new credit cards in the first quarter of FY25 declined by over 34% compared to the same period last fiscal—to 4.4 million from 6.7 million—according to the latest CreditScape report by CRIF High Mark.
MFs, pension funds must be active in corp bond market: Setty
STATE BANK OF India (SBI) chairman C S Setty on Wednesday called for active participation of mutual funds and pension funds in the corporate bond market.
Sebi notifies tighter insider trading rules
WIDENING THE NET
Equirus Wealth crosses ₹10K cr in assets under management
Equirus Wealth on Wednesday said it has surpassed ₹10,000 crore in assets under management (AUM).
Early detection to prevent TB spread
AI-led solutions help screening for the disease
Prioritising inclusion in social networking
Famm Connect acts as a LinkedIn for the LGBTQ+ community
