MSME UAM RECEIVED TILL JUNE 30, 2020 IS VALID UNTIL DECEMBER 31, 2021
The Ministry of Micro, Small, and Medium Enterprises amended the original notification dated 26.06.2020 by issuing notification, extending the validity of EM Part-II and UAMs from 31.03.2021 to 31.12.2021. This will allow holders of EM Part-II and UAMs certificates to take advantage of provisions under different existing schemes and incentives, such as MSME’s Priority Sector Lending benefits.
Existing EM Part-II and UAM holders have to move to the new Udyam Registration system, which started operations on July 1, 2020. The deadline for migrating to the new portal was set for March 31, 2021.
This move aims to improve MSMEs, allowing them to recover faster, increase their economic activity, and create jobs. At https://udyamregistration.gov.in, a new portal called “Udyam Registration” has been opened.
There is no charge to register on the new portal, and the deadline for migration has been extended to December 31, 2021. For registration on the Udyam portal, only the PAN and Aadhaar are necessary.
ETHANOL/METHANOL BLEND PETROL AND HIGH-SPEED DIESEL ARE FREE FROM EXCISE
Exemption from Basic Excise Duty and additional cesses may be available under several notifications if motor spirit (commonly known as petrol) and ethanol or methanol are blended within the refinery. The situation has been investigated. The blended fuel is exempt from the Basic Excise Duty, Road and Infrastructure Cess (RIC), Special Additional Excise Duty (SAED), and Agricultural and Infrastructure and Development Cess (AIDC) if the following conditions are met:
Appropriate GST (Central tax, state tax, union territory tax, or integrated tax) has been paid on the part of ethanol or methanol that is a specific percentage of the blend and the Bureau of Indian Standards Specification for ethanol/methanol blended petrol is stated in the relevant notification. Excise duties have been paid on the part of motor spirit (commonly known as petrol) that makes up a certain proportion of the blend