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FEDERATION OF SMALL & MEDIUM INDUSTRIES, WB

Vol 7 No 30 • November 2016 • Rs 25

Seminar on Demonetization

Delayed payments a curse for MSMEs and MSMED Act 2006

LALBABA INDUSTRIAL CORPORATION

28 Strand Road, Kolkata – 700 001Phone: 2230 0714 / 3180 / 3740

E-mail: [email protected] / [email protected]

Manufacturer of Railway Wagon Components

PM is worried over rising complaints against tax dept 8

NSIC setting up data bank on small, medium units 10Beleaguered exporters get incentives worth Rs 1500 crore 11

Seminar on Demonetization 19

MSME Databank 15

1655th Annual General Meeting

Delayed payments a curse for MSMEs and the MSMED Act 2006 18

Prime Minister ticked off the Central Board of Direct Taxes (CBDT), pointing out that the number of taxpayer complaints.....

Govt may add more sick PSUs to closure list 11

State-level Vendor Development Programme 13

Interactive Session with SIDBI 14

Vijaya & Deepavali Meet 2016 19Taxpayers to get a feel of GST in October 21

Changes to Companies Act will ease fund flow to MSMEs, says Jaitley

22

A GST secretariat is needed in every state 21

West Bengal Government’sIncentive Scheme 27

C O N T E N T S

State-level Vendor Development Programme-cum-Buyer Seller Meet, jointly organized by MSME Development Institute, Kolkata, & FOSMI

India now World’s no. 2 internet market 22

New Avtar GST 28

Head Office: 814, Block - A, Lake Town, Kolkata 700089

Workshop:Doharia, Method Arab North, PO: Madhyamgram, Kolkata 700132

Phone: 033-25342047, Fax : 033 - 25342047Email : [email protected]

Website: www.suanequipments.net, www.suanscientific.com

Suan Scientific Instruments & Equipments

Manufacturers & Exporter ofFood Processing Equipment

Fish/Poultry/Cattle Feed Plant Honey Processing Plant

Cold Storage • Walk in cooler Laboratory Equipment

Greetings to all! But first to our soldiers for the surgical strike at the border by the Army, a bold move, a befitting reply to Pakistan.

Another domestic surgical strike. Shock and awe. Demon-etization to check black money, counterfeit, terror funding, undisclosed money, an effort also to move towards a cashless economy. 500 and 1000 rupee notes together account for 86% value of all cash was no longer legal tender. Temporary financial

chaos prevailed. 500 & 2000 rupee notes in a new design were introduced. One can deposit old notes of any amount into one’s own account. But if the account is not KYC compliant, one can deposit upto Rs 50,000. These deposits at banks and post offices can be done upto December 30, 2016. Thereafter, one can continue to deposit old notes till March 31, 2017 against a valid proof of identity. Money up to Rs 2 lakh may be safely deposited and may be subsequently withdrawn. The Government will not ask questions. For the first time in India’s history, the Ministry of Finance, Government of India, Central Board of Taxes has Awarded certificates of appreciation to tax payers to boost their moral.

After a long struggle and sacrifice, we obtained freedom. Economic freedom started in 1991 and now a roadmap is being prepared by NITI Aayog, proposing to ease single brand foreign companies like Apple, Ikea, Walmart, retail domestic sourcing bringing it down from 30% to 15% only. The banking industry has exposure of Rs 10 lakh crore in MSME sector and NPAs are at 18-19% of the book, the main reason for the slowdown of the economy. FOSMI welcomes the shutting down of 15 loss-making PSUs for which nobody is to blame but the public sector banks and the then officials. One lakh crore black money has been unearthed.

In February, 2017 there will be only one Union budget. The Railway budget will be merged with the General Budget. Best shall always be made better. Change is the only constant. We have to focus on upgradation and innovation. We should learn from recent happenings, be it political like SP or corporate like TATAs. Differences should be settled in-house and not wash dirty linen in public.

Biswa Banga, Red Road carnival of 39 Durga immersions was a grand first by the Bengal CM Mamata Banerjee, but it hurts to see the loss of man-days in “holydaze.” Young farmers, owners of land would now like to migrate from farming to startup SSIs, but Singur land is mostly filled with cement and fly ash. 1.5 lakh sqft of readymade sheds were bulldozed in haste, razed to the ground, which resulted in hundreds of tones of metallic scrap. A golden opportunity to set up ‘e-NAM’ (Electronic National Agricultural Market) was lost.

Kishan Raj [email protected]

Editorial

Participation/reaction/comments are most welcome.Contributions of articles/letters should be sent preferably by e-mail, without attachment. Authors should disclose this connection or relationship with the subject of their comments. All letters must include an address and phone numbers.We reserve the right to edit letters for clarity and space. FOSMI is always there to assist its members.“Views expressed by individuals and contributors in the Bulletin are their own and do not necessarily reflect the views of FOSMI. Advertisements, com-mercial features, profiles etc are provided by the respective companies. FOSMI does not accept any responsibility of any direct, indirect or consequential damage caused to any party due to views expressed by any one or more persons. All disputes are to be referred to Kolkata Jurisdiction only.”

Office Bearers

Preisdent Biswanath Bhattacharya 98310 08063

Vice Presidents Gautam Ray • 98300 15497S K Kedia • 98300 69059

Treasurer Siddhartha Ghosh • 98300 35942

Editor K R Singhwi • 93310 86283

Advisor to the Board D K Mohta • 98310 47023

MembersCA Kausik Ghosh [email protected] N Saha [email protected] Moitra [email protected] Ghosh [email protected] Bhattacharjya [email protected]

Federation of Small & Medium Industries, WB23 R N Mukherjee Road Kolkata 700001, West Bengal, IndiaTel: +91-33-2248 5114, +91-33-2210 4075Email: [email protected]/[email protected]: www.fosmi.in

6 | FOSMI MSME NEWS • AUGUST 2016

FOSMI MSME NEWS • AUGUST 2016 | 7

President’sDesk

Biswanath Bhattacharya President, FOSMI

Greetings of the festive season!!!!!!

After a scorching summer and a late arrival but longish monsoon one can now feel a perceptible coolness in the air especially after sunset, signalling, perhaps, an earlier than usual arrival of winter in Kolkata.

The event with the biggest impact on the entire populace in living memory has been the announcement on 8 November 2016 of demonetization making the old currency notes of denominations of Rs 1000 and Rs 500 invalid as legal tender from midnight of that date. No doubt, the move plunged the nation into temporary chaos as supply of replacement currency was inadequate and the method of dispensing cash by Banks and ATMs left a lot to be desired. But it was a bold step taken towards eradication of the cancer of black money in the country. It is expected that the inconvenience to the common man would ease shortly. It may truly be said that it is a case of short term pain for long term gain for the nation.

Since publication of the earlier issue of the bulletin, a new council has been installed for the tenure from the 55th to 57th Annual General Meting. I take this opportunity to pledge my best efforts for the advancement of the Federation. In return, I seek the whole-hearted support and involve-ment of all the members in FOSMI activities to take it to the next level.

I am happy to inform you that FOSMI has been included in a West Bengal Government delegation bound for Italy to explore possibilities of developing business ties with Italy.

GST is inexorably progressing towards implementation in April 2017. It is still evolving with new details unfolding regularly. FOSMI has already organised a number of programmes on GST involving presentations by high level Central and State Government officials for the benefit of the members. More such awareness programmes are in the pipeline.

For the information of our members, Government of India has launched a drive to develop a comprehensive live data bank for MSMEs by means of which access to raw materials and marketing needs of MSMEs would be addressed. Besides, the Government would streamline and channelize various benefits directly to the members registered with the data bank. The concept has assumed greater significance as it will be compulsory for all MSMEs to eventually register with the data bank. FOSMI has already organised an awareness programme in association with MSME-DI, Kolkata and offers a help desk for members to acquire registration with the data bank. I would urge members to respond positively to this initiative.

Government of India has published a comprehensive list of 25 links relating to information, policies and various schemes to ensure ease of doing business for the MSMEs. The list would be hugely useful to units belonging to this sector. Members may directly visit the DCMSME site (www.dcmsme.gov.in) to derive the benefits they seek.

FOSMI is endeavouring to pack its event calendar with programmes beneficial to members in the next few months. Some of them will have already taken place, by the time you have this issue of the FOSMI MSME News in your hand.

Government of India has

launched a drive to develop

a comprehensive live data

bank for MSMEs by means

of which access to raw

materials and marketing

needs of MSMEs would be

addressed.

8 | FOSMI MSME NEWS • NOVEMBER 2016

Prime Minister Naren-dra Modi ticked off the Central Board of Direct Taxes (CBDT), pointing

out that the number of taxpayer complaints have gone up and wanted the agency to find out who was unhappy with its service.

During his pragati meeting with secretaries at the Centre and state chief secretaries, he also asked the direct taxes wing of the gov-ernment to ready a road map to address complaints, which has been a key thrust of the Modi administration since it came to

power, nearly two-and-a-half years ago.Sources said the PM asked the department to examine of the number of complaints have in-creased due to more people com-ing forward to register grievances or if small shopkeepers and busi-

PM is worried over rising complaints against tax dept

FOSMI MSME NEWS • NOVEMBER 2016 | 9

nessmen were unhappy. CBDT has also been asked to probe if there are more complaints from a region and what is the “exact cause” for rising grievances. This is the second time since rev-enue service officials protested against “interference” by the finance ministry that the PM has pointed to the need for improvement in tax department’s functioning. In his Independence Day address too Modi has flagged the concern and promised to address it.During an earlier interaction, the PM was critical of the Central

Board of Excise and Customs and has advised all departments to crack down on errant officers, resulting in the services of some officers being terminated. On its part, the tax department has sought to revamp its functioning, including reworking the language of the notices and reminders as well as greater use of technology to address tax payer concerns.During the meeting, presentation mentioned that there were over one lakh complaints from tax payers during 2015-16. Last year; CBDT claimed, over 90% of the

complaints had been resolved, compared to around 67% during 2014-15.But the PM seemed to be unhappy with the increasing number of complaints, said sources famil-iar with the deliberations. Modi pointed out that the CBDT had not undertaken a thorough analysis of the complaints, something that chairman Rani Singh Nair promised to address. The tax department has been asked to increase awareness and use the social media to address grievances. n

PM asked the department to examine of the number of complaints have increased due to more people coming forward to register grievances or if small shopkeepers and businessmen were unhappy.


The National Small Indus-tries Corporation Ltd is building up a data bank on the micro, small and

medium enterprises (MSMEs) and studying the strengths and weak-nesses to help revitalize them, said Ravindra Nath, Chairman and Man-aging Director. He was speaking at a buyer seller meet organized here recently by the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) and the corporation. He said digitization would be of great help in reviving MSMEs. He urged the MSMEs to make use of the facility to register themselves online with the NSIC and avail themselves of the many

schemes offered by the corporation. He said NSIC would help the MSMEs in many ways, like obtaining finance, procuring raw material and market-ing their products in the country and abroad. It would offer them guidance on several matters. The corporation is also offering credit rating scheme for MSMEs. Ravindra Modi, President of FTAP-CCI, said the lack of timely and adequate finance was the major problem faced by many MSMEs and commercial banks, both in the public

NSIC setting up data bank on small, medium units

and private sectors, should focus on the problem. He said that the NSIC had recently set up a finance facilitation centre in Hyderabad for Telangana and one should be set up in Andhra Pradesh also for the benefit of MSMEs in the State.

Need for more ancillaries

He said there was still lack of aware-ness among the MSMEs on the re-quirements of the bigger industries and FTAPCCI was organizing many programmes to meet the need. n

Adequate finance was the major problem faced by many MSMEs and commercial banks, both in the public and private sectors, should focus on the problem


To help exporters overcome the continued slowdown in global demand, the Centre has announced additional

incentives worth Rs 1500 crore. This will benefit wide-ranging sectors such as iron and steel, footwear, ma-rine products and auto components.

The number of items eligible for sops under the existing Merchan-dise Exports from India scheme (MEIS) has been increased to 7103 from 5012. The rate of incentives has also been increased for select products. “The total support ex-tended by the Centre under the

Beleaguered exporters get incentives worth Rs 1500 crore

MEIS has been enhanced from Rs 22000 crore to Rs 23500 crore per annum,” an official release from the Commerce Ministry said.

Duty-free scripsUnder the MEIS, eligible exporters get duty-free scrips, based on a percentage value of their exports (ranging between 2 per cent and 5 per cent), which can be used to import inputs by the exporter or sold to other entities.As many as 2091 additional items have been added to the MEIS, includ-ing traditional medicines, marine products, industrial good, processed food, silk items and wool products, The rate of incentive under the scheme for 575 products has been increased. These include iron and steel, handicrafts, moulded and extruded goods, rubber, ceramic, glass, auto tyres and tubes, indus-trial machinery engineering items, IC engines, machine tools, footwear, ghee & cheese and rubber products. Export of goods have declined con-tinuously for 20 months as demand continues to be low in both India’s traditional markets such as the EU, the US and Japan as well as South-East Asia and China. n

Govt may add more sick PSUs to closure listThe government has allowed its departments to expand the list of sick public sector companies that can be shut down besides allowing sale of land at the time of winding up as one of the ways to dispose off assets of the ailing state run firms.NITI Aayog, which had emerged as the advisor of sorts on ailing PSUs, has made recommenda-tions for 74 companies, including closure of 26. While strategic disinvestment was proposed for 10, a plan for revival with an option for strategic disinvestment, was suggested in case of 22 companies. Further, a transfer of ownership of six firms, merger of three, long-term lease for five and no change in case of two was proposed.

While several ministries have come up with suggestions to keep some of the PSUs on the closure list alive, such as three pharma companies, the government has moved ahead and taken decisive action to shut down at least half-a-dozen entities and opt for strategic disin-vestment of Bharat Pumps & Compressors Ltd.Sources said that the government has said that the administrative ministry can move ahead with the closure of PSUs beyond what has been proposed by NITI Aayog. But this option, which will need to be endorsed by the cabinet, can be taken after it does not look feasible to either revive the company or merge

it with another PSU. An official said the government has also final-ized the modalities for asset transfer of sick PSUs which cannot be revived. In case the land is owned by the Centre, the first option would be to transfer it to a central government agency or to a PSU.The third option is to transfer it to a state govern-ment and the fourth, to a state PSU. Sale of land, through and auction process, is the fifth option and is expected to be exercised if others are not used. The decision means that the government has rejected a suggestion that surplus land can be pooled to create a land bank. n


ObjectiveTo provide soft loan, in the nature of quasi-equity, and term loan on relatively soft terms to MSMEs to meet the required debt-equity ratio for establishment of an MSME as also for pursing opportunities for growth for existing MSMEs.

Target MSME SectorsAll the identified 25 sectors or other sectors as may be added, in the Make in India Programme deserv-ing proposals from any other sector can also be assisted on merits.

Eligible Enterprises New enterprises in the manufac-turing as well as services sector, Existing enterprises undertaking expansion, modernization, technol-ogy up gradation or other projects for growing their business will also be covered. Loans extended under the scheme cannot be used for repayment of earlier loans.

Project Cost All MSMEs as per MSMED Act 2006, with the emphasis on fi-nancing smaller enterprises within MSME.

Minimum Promoter’s Contribution 15% of project cost for projects up

to Rs 1 crore and 20% for the rest.

Term LoanUpto 75% of the project cost (for Debt-equity ratio of 3:1).

Soft Loan10% of the project cost subject to a maximum of Rs 20 lakh.

Up to 15% of the project cost for the enterprises promoted by Scheduled Caste (SC)/ Scheduled Tribe (ST)/ Persons with Disabilities (PWD) and women, subject to a maximum of Rs 30 lakh.

Persons belonging to these catego-ries must own controlling stake (i.e. 51% or higher). On expiry of 3 years from the date of first disbursement, the outstanding soft loan together with any dues thereon shall be con-verted into secured term loan and the entire loan shall carry applicable rate of interest as per internal rating of the borrower.

Upfront feeUpfront fee of 0.5% plus applicable service tax.

Rate of InterestThe Scheme offers concession in rate of interest for initial 3 years to help the enterprises minimize inter-

est burden during its implementa-tion and initial operational stage.

Prevailing concessional rate of interest (effective from February 05, 2016) are as follows.

Soft Loan – 9.35% p.a. and

Term Loan – in the band of 9.45 – 9.95% based on credit rating.

Prevailing non concessional rates of interest are within the range of 11.70 to 14.20% p.a. as per credit rating.

After initial 3 years from the date of first disbursement, normal rate will be charged on the entire outstand-ing loan including soft loan.

Minimum Term Loan SizeRs 25 lakh.

Repayment PeriodNot exceeding 7 years inclusive of the moratorium upto 1½ years for term loan and upto 2 years for soft loan.

Security As applicable under the scheme.

Other conditionsAs applicable under the scheme.

For enquiries, please contact the nearest SIDBI offocewww.sidbi.in • www.smalib.in

SIDBI Make in India Soft Loan Fund for Micro Small & Medium Enterprises (SMILE)


contd on page 26

State-level Vendor Development Programme

On September 28, 2016 a State-level Vendor De-velopment Programme-cum-Buyer Seller Meet,

jointly organized by MSME Develop-ment Institute, Kolkata, Ministry of MSME, Government of India and Federation of Small & Medium Industries, West Bengal (FOSMI) was held at the Academy of Fine Arts, Kolkata. Mr Ajay Bandyopadhyay, Direc-tor, Mr D Mitra, Deputy Director, Mr S K Sahoo, Assistant Director and other high ranking officials of MSME-DI, Kolkata, Mr D Baidya, Deputy Director (In-charge), MSME Testing Centre, Kolkata, Ministry of MSME, Government of India and Mr D Bhattacharya, AMM-P/DL/HQ, Eastern Railway participated in the programme. Mr S K Sahoo

anchored the programme.In his welcome address, Mr H Gan-guly Secretary, FOSMI mentioned the difficulties faced by units in the MSME sector viz-a-viz marketing of their goods & services as well as the difficulties faced by buyers in the large scale sector, including PSUs, to find the right economi-cal and reliable suppliers to meet their requirements of spares, stores and services. With this background, he emphasized the significance of holding Vendor Development Pro-grammes (VDP) which allow direct interaction between buyers and sell-ers. VDPs, he said have acquired added significance for both buyers and sellers since the Public Procure-ment Policy became mandatory from 01-04-2015 requiring Government Ministries, Departments and PSUs

to procure a minimum of 20% of all their requirements from the MSE sector. His address was followed by a round of self-introduction by the participants. Mr D Baidya enumerated the various government schemes for MSMEs in general. He also presented a profile of the MSME Testing Centre and various services available to MSMEs.Mr Ajoy Bandyopadhay started with the interesting information that since 2006, the erstwhile expression of SSI standing for small scale industries to describe broadly the manufacturing activities of small entrepreneurs had been replaced by the nomenclature of MSME, that is, Micro Small & Me-dium Enterprises which includes the activities of both manufacturing and services. The nomenclature, MSME


On September 20, 2016, Mr Kailash Chand Vaid, General Manager, Small Industries Development

Bank of India (SIDBI), Kolkata Re-gion visited FOSMI with his team.President Biswanath Bhattacharya,

in his welcome address, spoke about the bond between SIDBI and FOSMI that has grown over the years. The two organisations have jointly or-ganised several programmes for the development and growth of MSMEs, he said

Mr Vaid made a power point pres-entation on their flagship scheme SIDBI Make in India Soft Loan Fund for Micro Small & Medium Enter-prises (SMILE). The objective of the scheme is to provide soft loans, in the form of quasi-equity and term loans on relatively soft terms to MSMEs to meet the required debt-equity ratio to establish an MSME as well as to pursue opportunities for existing MSMEs to grow. New enterprises in the manufactur-ing as well as service sector, existing enterprises undertaking expansion, modernization, technology up grada-tion or other projects to help their business grow are eligible for the scheme.He also made a presentation on the Government of India’s scheme, the Stand-up India Scheme to finance SC/ST and/or women entrepreneurs. This scheme would be implemented by all branches of scheduled com-mercial banks in India, he said. De-tails of the scheme are also available at the FOSMI office. Mr Vaid further spoke on CGMSE Scheme for provid-ing co-lateral free loans to MSMEs.A lively interaction followed. Mem-bers appreciated SIDBI’s pro MSME approach to MSME lending.

Interactive Session with


MSME Databank

On October 4, 2016, Mr S K Som, Deputy Director, MSME-DI, Kolkata, Min-istry of MSME, Govern-

ment of India and his team visited FOSMI to participate in an Industrial Motivation Campaign (IMC) jointly organized by MSME-DI, Kolkata and FOSMI concerning the Government’s initiative with regard to creation of a comprehensive live databank portal of MSMEs in the country. The objective of the databank is to have a one stop source of infor-mation on MSMEs of India, their

requirements in terms of raw mate-rial and marketing needs including information on procurement agen-cies buying from MSMEs under Public Procurement Policies of the Government of India and other organisations. This will also facili-tate the government to streamline/ monitor and develop schemes for assisting MSMEs as well as pass on the emerging benefits directly to the MSMEs, thus enhancing ease of doing business for them. The databank will also help the periodic census both physical and digital

with relevant data. Besides, the collected data would be used for the purpose of reviewing policies related to MSMEs every five years. The basic nature of the programme was interactive where many issues were raised by the members present and responded to by Mr Som and his team. A help desk was established on the spot conducted by personnel from MSME-DI and FOSMI help-ing out with instant registration of units that came equipped with the required data for registration. The event generated great enthusiasm and a desire to register with the MSME Databank which was the main purpose of the programme.


The 55th Annual General Meeting of the Federation along with a Seminar on Opportunities for MSMEs

in West Bengal was held on August 30, 2016 at The Park, Kolkata. Mr Sadhan Pande, Hon’ble Minis-ter, Consumer Affairs and Self Help Groups, Government of West Bengal graced the occasion as chief guest and Mr Arup Roy, Hon’ble Minister, Co-operation, Government of West Ben-gal participated in the programme, besides the guests of the Federation, representatives of MSMEs, members of the print & electronic media and members of FOSMI. The programme started with the ritu-al lighting of the lamp followed by the

welcome address by President Biswa-nath Bhattacharya. Mr Bhattacharya mentioned that while MSMEs were recognized as the backbone of the economy and while globalization

has thrown open opportunities to MSMEs to expand their horizons, it had, at the same time, thrown challenges to them to compete with the best in the world and that to meet


contd on page 25

the requirements of the situation, the MSMEs needed full support from all quarters. He mentioned that one of the main hindrances in the path of growth of MSMEs was the various complicated procedures they had to cope with to do business. He, however, also acknowledged the Government’s positive approach to remove the hurdles by way of installing measures to ensure ease of doing business by MSMEs. He spoke about the evolution of Indian MSMEs from being producers of simple consumer goods to becom-ing manufacturers of sophisticated, high-tech, high precision products over the years, capable of success-fully competing in the global market. In his opinion, more opportunities would be available to entrepreneurs belonging to the MSME sector, if they are willing to change their old

mindset and adopt modern methods of organisation and management. In conclusion, he referred to the seminar on Opportunities for MS-MEs in West Bengal to be held in the second session of the programme. Eminent personalities from business, academia and Government were the panellists. He expressed hope that the members would be able to take away much from the seminar.

Mr Arup Roy commended the work of FOSMI, over the years it was doing for the MSME sector and confirmed the Government’s full support for the development of this sector in the State. Mr Sadhan Pande also praised FOS-MI’s dedication in serving the MSME sector for years. While speaking about the various problems faced by MSMEs, he pointed out that MSMEs lacked a


As is well known, a perenni-al problem for MSMEs is that of delayed payments by large scale buyers for

supply of material or for rendering of services. MSME Development Act 2006 takes cognizance of the prob-lem and devotes a full chapter (ie chapter V) to the subject. However, the full extent of the relief offered to the MSMEs under the provisions of the Act for delayed payments is not widely known or widely understood. Therefore, on October 27, 2016 a seminar on Delayed Payments, a Curse for MSMEs and the MSMED Act, 2016 was organised at the FOSMI office. Mr Vijay Bharti, IAS, Director, Directorate of Micro, Small & Medium Enterprises under the Department of Micro, Small & Medium Enterprises and Textile, Government of West Bengal and Chairman WBSMSE Facilitation Council accompanied by Mr Suresh Dhole, Senior Advocate Supreme Court and High Courts ad-dressed the members on the issue.

Both speakers shed light on the lesser known aspects of the MSMED Act 2006. The most important of them was the information that the fa-cilitation council is a fully judicial body and not quasi judicial as is commonly believed to be by a large section of the people. Some of the other significant revelations were that the awards of the council have to be transferred (decree transfer) to Civil Court, in the case of West Bengal which is the High Court for implementation, that adjournments

of hearings are prohibited. Awards have to be delivered in favour of MSMEs on the basis of merits of the case and not ex-party in the absence of the buyer at a hearing. There were other interesting points made by Mr Dhole to reassure the MSMEs present. The meeting was interactive and Mr Bharti patiently responded to various issues raised by the members present. The event was a great success espe-cially in view of the fact that it was ar-ranged at an extremely short notice. n

Delayed payments, a curse for MSMEs and the MSMED Act 2006


On November 18, 2016, a seminar on Demonetization: Short-term Pain for Long -erm Gain vis-à-vis Incon-veniences was held at the FOSMI Conference Hall, just ten days after demonetization was announced by the

Prime Minister. Mr N K Jain, advocate and eminent IT law practitioner at Kolkata High Court conducted the seminar. The members’ concern for the subject was reflected in the large nuber of attendees at the programme.

Mr Jain in his initial deliberation ex-plained the implementation of demon-etization by the Government of India and discussed the various measures taken by the government regarding deposit and withdrawal limit. He also highlighted the probable action likely to be faced by the depositor if their deposit exceeds the fixed limit.During the interactive session, various questions were raised and Mr Jain tried to extend his valued advice to the members to the extent possible within the limited period of time. At the end, he advised members present to expe-dite the completion of the valuation report of jewellry in their possession as well as that kept in Bank lockers. He also said a copy of the valuation report should be kept in the locker and any applicable wealth tax should be paid forthwith. Mr Jain further added that the source of ornaments should be available for quick reference.Finally, Mr Jain was generous enough to say that he will be avail-able to help members in case they need to consult him. n

Seminar on Demonetization

Besides offering the usual professional services to members, FOSMI also puts great stress on fostering fellowship among FOSMI members, friends and well-wishers. In line with this sentiment, a get-together was held on 25 October, 2016 at the Dalhousie Athletic Club, jointly organised by FOSMI and Rotary Club of Budge Budge. The weather was pleasant and the ambience congenial. To our great pleasure the attendance at the programme included the Chief Commissioner of Service Tax, Deputy General Manager of SIDBI, Senior Branch Manager of NSIC and other government officials. The turnout was decent. The get-together provided an opportunity to all present to mingle together, making the event a great success.

Vijaya & Deepavali Meet 2016


Beginning next month, the Goods and Services Tax Network (GSTN) will start migrating over 80 lakh

taxpayers onto its system. This will facilitate the smooth implementation of the GST regime. “The first part of our software will be ready by end October. Existing taxpayers of value added tax, service tax and central excise will be migrated to GSTN,” said Navin Kumar, Chairman, GSTN.

Identities to be issuedIn an interview to Business-line, he said the GSTN will begin issuing GST identity numbers (TIN) and generat-ing passwords for these taxpayers. “They can log on to our system, famil-iarize themselves (with it) as well as provide us relevant information,” he

said. The GSTN, which will provide the IT infrastructure for the new indirect tax levy, has already received a list of all the taxpayers, their Permanent Ac-count Numbers (PAN), names of the business entities, and their constitu-tion or form from the tax authorities.

Taxpayers to get a feel ofGST in October

A GST Secretariat is needed in every State to address the day-to-day is-sues relating to the implementation Goods and Services Tax.“There is an institutional void at the State level. State GST secretariats will bring together central govern-ment and state government offices in one place. It should be a registered body under the Society’s Act,” VS

Krishnan, Advisor, Tax Policy, EY and a former member (service tax and GST), Central Board of Excise and Customs, told Business Line.A seamless and efficient transition without people being forces to run to GST Council should be possible. But “there is no mechanism to address the day-to-day implementation is-sues. You need a body or institution

in the State. So, one of the things we are advocating is GST Secretariat in every State,” he said. Asserting that GST wouldn’t have any impact on the poor, Krishnan exuded confidence that GST would lead to greater compliance. “Cheat-ing will come down. Long-awaited transformation of transactions com-ing into the open will happen, which is a good thing,” he stated. In the medium-to-long term it would create market expansion and un-leash a new entrepreneurial wave. “More people will want to become

Existing taxpayers of value added tax, service tax and central excise will be migrated to GSTN

contd on page 26

contd on page 23


India has overtaken the US to become the world’s second largest internet market, with 333 million-users, trailing

China’s 721 million.India also recently overtook the US to become the world’s second-largest smart phone market, with an estimated 260 million mobile broadband subscriptions. But India is also among the countries with a large population that is yet to get access to Internet service.A new report released by the UN Broadband Commission for Sustain-able Development also confirms that just six nations, including China and India, together account for 55 per cent of the total global population still offline.While internet access is approaching

saturation in richer nations, connectiv-ity is still not advancing fast enough to help bridge development gaps in areas such as education and healthcare for those in poorer parts of the world, according to the 2016 edition of the State of Broadband report.Globally, an estimated 3.9 billion people are not using the internet. The Commission said that if today’s near-universal basis mobile phone access could be converted to high-speed mobile broadband access, mobile phones could serve as a major accelerator of development, driving rapid progress towards the UN’s

World’s No. 2India Now

Internet Market

sustainable Development Goals. “There is a large body of economic evidence for the role of affordable broadband connectivity as a vital enabler of economic growth, social inclusion and environmental protec-tion,” said ITU Secretary-General Houlin Zhao.The report by the United Nations Broadband Commission for Sus-tainable Development confirms that according to the latest ITU figures, by this year-end 3.5 billion people will be using the internet, up from 3.2 billion last year and equating to 47 per cent of the global population. n

UN Broadband Commission for Sustainable Development also confirms that just six nations, including China and India, together account for 55 per cent of the total global population still offline


Ac k n o w l e d g -ing that credit availability is a challenge for the

MSME sector, Finance Min-ister Arun Jaitley today said amendments to the Com-panies Act 2013, which are being considered by Parlia-ment, will ease institutional fund flow to the sector. One of the key challenges for micro, small and medium enterprises (MSME) sector, which can be termed as the backbone of Indian economy, is credit flow, he said, after launch-ing MSME Database portal and Finance Facilitation portal here.“The Companies Act passed in 2013, there were provisions like related party transaction, which resulted in difficulties for the MSME sector. The amendment to the Act is before Parliament. Despite the difficulties,

the sector is growing,” he said.Earlier this year, the government introduced a Bill to further amend the Companies Act to address dif-ficulties faced by stakeholders and improve the ease of doing business. Noting that MSME creates far more number of jobs than the organized and large corporates, the Finance Minister said, the government is

creating a conducive en-vironment for the sector to grow. The government is commit-ted to ease of doing business and passing of the GST Bill is also a step towards this direction, he added.The Constitutional Amend-ment Bill on GST passed by both Houses of Parliament was by consensus, he said, adding this has sent the right signal to the global commu-nity and changed the global

perception of India.Speaking at the occasion, MSME Minister Kalraj Mishra said, MS-ME Database portal will not only help save the efforts and money required for physical census but will also enable the MSME units and the various associations to furnish data on a click of the button and sitting in their units. n

Changes to Companies Act will ease fund flow to MSMEs, says Jaitley

RequirementsOn receiving their ID and pass-words, taxpayers will be expected to log on the GSTN and provide three additional inputs – place and address of business, name(s) of di-rectors or proprietors, and details of bank accounts – which will become part of the GST records. “Though the taxpayers will have time up to six months after the roll out of GST to provide this informa-tion, but we thought we will give them an opportunity to come on the

system now itself and familiarize themselves,” said Kumar, adding that annually about four lakh new taxpayers are estimated to enroll on the IT network.He also expressed confidence that the GSTN will be ready to meet the roll-out target of the indirect tax levy from April 1, 2017. “We will have a beta run from the end of February to end March and will go live from April 1” he stressed.

Jaitley meets SikkaFinance Minister Arun Jaitley on Thursday held a meeting where

Infosys CEO Vishal Sikka made a presentation on the GSTN and its roadmap. Infosys is the technology partner for GSTN and is developing the system.On Wednesday, Prime Minister Narendra Modi held a review meet-ing on the matter with Jaitley and Finance Ministry officials. Apart from the Centre, the GSTN is also building the back-end IT infra-structure and software for 19 States and five Union Territories. Kumar said about 10 states such as Maha-rashtra, Gujarat and Tamil Nadu are building their own systems. n

Taxpayers......

24 | FOSMI MSME NEWS • OCTOBER 2016

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skilled labour force, in general, which hinders their prospect for growth. He also mentioned that it was im-perative to develop the skills of the less-formally educated sector of the society, so that they could contribute in a positive way to the growth of MSMEs. He laid stress on the fact that MSMEs in West Bengal must strive to be competitive on the national scale. The inaugural session was brought to a close with Mr Gautam Ray, Vice President, FOSMI proposing a vote of thanks.The inaugural session was followed by the seminar on “Opportunities for MSMEs in West Bengal. Mr T K Mukherjee chaired the session. Panellists were Mr Hari Jadav, Deputy General Manager, Allahabad Bank, Kolkata Urban, Dr Suman K Mukherjee, Economist, Col Sa-byasachi Bagchi, Chairman, West Bengal Small Industries Develop-ment Corporation Ltd (WBSIDC). Col Bagchi in his address said that ample opportunities are available for

MSMEs to prosper. One such area, he said, was the health sector. Another area was defence. He mentioned that only 30% of the equipment/material needed by the defence sector was produced in the country. Hence, there was a huge scope for MSMEs to cater to this sector. He urged MSMEs to aim high and dream big for growth. Dr Suman K Mukerjee started his address on a very positive note and urged MSMEs to welcome problems and convert them into opportunities, for challenges are the opportunities for growth. According to him, the greater the problems the greater the opportunities. Solutions come from solving problems and doing things together. For example, he wanted MSMEs to look at things differently like seeing waste as resource. He also urged all to develop opportunities like looking at traffic islands and roof tops as pieces of plots available for growing food products and look-ing at household wastes as organic manures. His deliberations were, indeed, very stimulating. Mr Hari

Jadav spoke about the suitable fi-nance schemes for MSMEs offered by Allahabad Bank at reasonable cost. Mr T K Mukherjee summed up the deliberations, emphasizing the role of industry associations to enable MSMEs to access and use the op-portunities offered to them which was not always possible as individual units. He also mentioned that it was very important to develop the aspirational value of entrepreneurs instead of trying to help them with doles. Regarding a bank’s attitude in general, it was often difficult for individual units to avail the benefits under various schemes of the banks. He admitted that the huge burden of NPA borne by the banks had a re-strictive effect on the banks towards adopting easy lending policies. The seminar and presentations was followed by the business session of the 55th Annual General Meeting of the Federation. The President took the chair and called the meeting to order. The meeting was conducted as per agenda. n

Small and Medium Enterprises (SME) often stay away from in-vesting in technology due to the fear of high investments, and thus something that can give them a competitive advantage turns into the last priority. In an interactive panel discussion, panelists at the Surge conference in Pune organized by Business Line discussed how technology can help SMES expand their business. SMEs were urged not to look at only the obvious extensions of their business.Technology today not only provides a plarform to enable your business,

Technology is a growth catalyst for SMEsbut also look at new lines of business.For SMEs technology can be a growth enabler or a great threat. Technology can help in business growth. The lack of it could help a competitor to be completely destroyed. To improve customer service, it is suggested that organisations need to better under-stand the customer. Customer experi-ence tools, which are an extension of customer relationship management solutions, can help to achieve it.The customer needs to be known extremely well. For example, for a hotel, it would mean knowing if the customer likes a hard pillow or a soft

one, or if they prefer a pool-facing room or garden-facing one – and keeping that ready even before the customer enters. Tracking such information through CRX solutions can help you retain existing custom-ers and build loyalty.With limited budgets, it is difficult for SMEs to decide on which technolo-gies they could invest in. It is often very hard to decide where to spend and what to priorities when it comes to IT spending. The use of the cloud or rental model allows SMEs to try out different technolo-gies without the fear of a lick-in. n

55th Annual General Meeting


has become globally acceptable since its inception. He then emphasized on the importance of holding VDPs for the benefit of both the MSMEs and buyers belonging to the large scale sector. While on the subject of the product and services offered by the MSMEs, he stressed on the need for quality and competitiveness. He mentioned the Government of India’s drive for Zero Effect, Zero Defect products from the MSME sector to enable Indian MSMEs to compete with the best in the world. He spoke about the measures being taken by the Centre to ensure ease of doing business for the MSMEs as well as the drive to develop a comprehensive data bank for MSMEs where the units can upload their day-to-day progress. The

inaugural session ended with a vote of thanks proposed by Mr D Mitra.During the technical session, Mr D Mitra made a power point presenta-tion on the Public Procurement Policy for MSEs and on e-governance. Mr D Bhattacharya of Eastern Railway explained in detail the registration procedure and procurement policies

for vendors as laid down by Eastern Railway. A lively interaction followed to which he responded patiently and informatively to all the issues raised by existing and potential vendors pre-sent. He also proffered a list of items regularly procured by ER from MSEs. The programme was, indeed, a great success. n

UCC CEll CIRCUlaRGovernment of West Bengal

Directorate of Micro, Small & Medium EnterprisesOffice of the General Manager

District Industries Centre, Hooghly, PO Chinsurah, District Hooghly

27 October, 2016

The DirectorMicro, Small & Medium Enterprises, WB9th Floor, New Secretariat Buildings1, Kiran Sankar Roy Road, Kolkata 700001

Sir,

Sub: Shifting of Unique Clearance Cell (UCC) of Hooghly District

With reference to the above cited subject, this is to inform you that the Unique Clearance Cell (UCC) of Hooghly district has been shifted to the Office of the District Magistrate & District Collector, Hooghly,Room No. 4, Ground floor, New Administrative Building from 1st Floor, Minority Bhawan, Jiban Paler Bagan, Hooghly. Henceforth, all work related to UCC will be done from the new office.This is for your kind perusal.

Yours faithfully,

General Manager (IC)District Industries Centre, Hooghly

entrepreneurs and participate in the economic gains because they would know there are no inter-State barriers,” he said while highlighting how such policy triggers in India and other countries in the past expanded the market.With the implementation of GST, inter-State check posts would vanish and efficiency of the road sector will improve significantly. In the US, a truck carrying goods travels 820 km a day as against 210 km in India. In the short haulage category railways will see more competition from roadways, he said.Krishnan pointed out that technology would be the biggest challenge for the companies. They will have to ensure that their vendors are ready and may have to go to bigger vendors to achieve compliance. n

State-level Vendor......

a GST secretariat......


applicabilityThe WBIS 2013 for MSMEs as modi-fied up to 22.05.2015 shall generally be applicable to all micro, small and medium enterprises in the manu-facturing sector which have started production on or after 1st day of April 2013. The units may be in the private sector, cooperative sector and joint sector undertaking as also companies/undertakings owned and managed by the State Government and the Industrial SHGs.

Non-applicability of WBIS 2013 for MSMEs1. The WBIS 2013 for MSMEs as modified up to 22.05.2015 shall not be applicable to the industrial units/ enterprises that have been registered and for which eligibility certificates have been issued and either. Incentives have been sanctioned and / or disbursed under the respective Incen-tive Scheme of the State. No sanction or disbursement of incentive has been made./no claim has been made.2. the WBIS 2013 for MSMEs as modified up to 22.05.2015 shall not also be applicable to the industrial units/ enterprises that have been registered and which have applied for eligibility certificates within the stipulated date. 3. The WBIS 2013 for MSMEs as modified up to 22.05.2015 shall not also be applicable to the industrial units that are engaged in manufacture of textiles, apparel / garment, technical textile commenced production on or after 01.09.2013.

EligibilitySubject to the conditions specified below any micro, small or medium

unit / enterprise in the manufacturing sector shall be eligible for incentives under WBIS-2013 for the MSMEs as modified up to 22.05.2015 excluding those mentioned in the negative list of industries at Annexure-IV.1. A micro small or medium enterprise shall commence commercial production within the period of the Scheme and shall submit its first incentive applica-tion in prescribed form to the General Manager. District Industries Centre within 12 months from the date of com-mencement of commercial production.2. The unit/enterprise shall file Entre-preneurs Memorandum (Part II). The project will be covered by a detailed feasibility report / project prepared for the purpose and approved by compe-tent authority.3. An eligible enterprise which has availed of incentive/subsidy in respect of any of the items specified under any other Incentive/Subsidy Scheme of Government of India/State Govern-ment shall also be eligible to get the benefits of other items only under WBIS-2013 for MSMEs as modified up to 22.05.2015 subject to fulfillment of terms and conditions of the Scheme.

Types of Incentives & their AdmissibilityCapital Investment Subsidy: Spl. Category Micro Enterprises @15% of the Fixed Capital Invest. Category Small Enterprises @ 10% of the Fixed Capital Investment.Interest Subsidy on Term loan: amount of incentives admissible: Annual interest liability on Term Loan paid by the enterprise X 6Rate of Interest charged by the Bank/P.I

Waiver of Electricity Duty: 50% waiver of electricity duty on the elec-tricity consumption for 5 years from the date of commencement of commercial production. For Special Category en-trepreneurs – 100; Maximum Quantum – Rs 50.00 Lakh/Year ir Rs 2.50 Crore in 5 years.Power Subsidy: Rs 1.00 lakh/KWH subject to maximum of Rs 20.00 lakh per year for a small enterprise. Subsidy on Stamp Duty and Reg-istration Fee: An eligible micro or small enterprise will be entitled to a reimbursement of 20% of the stamp duty and registration fees paid by it for the purpose of registration of documents within the State relating to purchase of land and / or buildings for setting up of the approved project. The amount admissible will be cal-culated proportionately based on the percentage of land / buildings used for setting up of the unit / enterprise for implementation of the approved project.Subsidy for Energy Efficiency: An eligible micro or small enterprise for its approved project will be entitled to a reimbursement of 50% of the cost of energy audit undertaken by a certified agency. The reimbursement will be made after implementation of the recommendations. It will also be entitled to a reimbursement of 25% of the cost of installations for energy conservation as per energy audit subject to a maximum Rs 2 lakh.Refund of Entry Tax: An eligible micro small or medium enterprise will be entitled to refund of Entry Tax paid by it to the Government of West Bengal for procurement of plant and

West Bengal Government’s Incentive Scheme

contd on page 29


I bring you an article on GST, a very hot topic being discussed these days. This is a gist of GST with the meaning of some im-

portant terms which will help readers to understand the definitions and help practising chartered account-ants to deal with their clients more efficiently in the matter of GSTYou all must have heard so much about the Goods and Services Tax. Some are saying GST will take away the ‘cas-cading impact’ of taxes and some are saying GST is ‘one nation, one rate’.Firstly, GST will not reduce the amount of tax you pay, but it will make it less tiresome to pay and collect. GST is about fewer taxes, at unified rate. As we all know taxes are levied both by central and state governments in indirect taxes at different levels like VAT, service tax, excise duty, etc. What GST will do is to club (‘subsume’) many indirect taxes under a single label.As things withstanding, the Centre has agreed to sweep excise duty and additional excise duty, service tax,

countervailing duty, surcharge and cess and central sales tax into the waiting arms of GST. The States have obligingly agreed to give up VAT (sales tax), entertainment tax, luxury tax, taxes on gambling, octroi and entry taxes, cess and purchase tax. GST will, thus, replace all these taxes.When goods are shipped from one State to another, then it is called in-ter state. The Centre will collect an integrated GST, retain its part of the share and give the State its part of the share. For example, if goods are moved from Uttar Pradesh to Haryana then it is called inter state. Centre will collect GST and give the state share to Haryana government When the goods are moved within a state then it is called intra state like from Uttar Pradesh to Uttar Pradesh then Central GST and State GST will be levied.As we all know, currently we are working in the ‘value added’ tax regime where taxes paid on inputs are deducted from taxes due on final product, but this exists in name only because so many taxes like central

sales tax, additional excise and cus-toms duty, luxury tax, to name a few - are not eligible for such set-offs, As a result, both producers and sellers end up paying taxes on the same inputs over and over again.In the case of GST, there is no con-cept of input tax credit. All taxes are summed up and GST you pay just once.

Meaning of some basic terms in GST

What does the word GOODS mean in GST

Goods means all kinds of movable properties (which can be moved as such without any dismantling) (only tangible) eg: visualize, marker, exercise machine, fan, etc

INCLUDING securities, growing crops & grass, things attached to or forming part of the land e.g. electric-ity pole, etc

EXCLUDING money, actionable claim

What does the word SERVICES mean in GST

ANYTHING OTHER THAN GOODS i.e. Do something or not to do something (like non competence contract, cancel-lation charges of hotel/ aircraft etc.)INCLUDING intangible property (which cannot be touched like copy-right, patent etc)

EXCLUDING money

What does the word SUPPLY mean in supply of goods/ services

If supply is for a consideration

w All form of supply of goods/SER-VICE: exchange, transfer, barter, lease etc IN THE COURSE of business

– CA Kaushik Ghosh


machinery for the approved project. The refund will be made available after commencement of commercial production by the enterprise. An eligible micro small or medium enterprise will be entitled to refund of Entry Tax paid by it to the Govt. of West Bengal for procurement of raw materials for the initial three years for implementation of the approved pro-ject. The refund will be made available after commencement of commercial production by the enterprise.

Refund of Central Sales Tax (CST):An eligible micro, small or medium enterprise of its approved project will be entitled to refund of CST paid by it for three years from the date of com-mencement of commercial production. Refund of Value added Tax (VaT): Not applicable in KMC AreaSubsidy for Water Conservation/ Environment compliance:An eligible micro or small enterprise shall be reimbursed 50% of the ex-penditure incurred subject to a maxi-

mum of Rs 5 lakh for obtaining ISI/ BIS certification/ISO 9000/ISO 14000/ ISO 14001/ISO 18000 certification from approved Institutions/Research Laboratories.Work Force Welfare assistance: Not applicable in KMC AreaSubsidy for Patent Registration: An eligible micro, small or medium enterprise for its approved project will be entitled to a reimbursement of 50% of expenditure incurred by it for obtain-ing Patent Registration for its products subject to a maximum of Rs 5 lakh. n

w AGENCY SERVICES for supply or receiving goods/ services e.g. consignment agent

w Aggregator service e.g. Meru cab/ Uber/ Ola, etc

In GST even if there is NO CON-SIDERATION, supply still exists, for example

w Stock transfer, supply of goods between two registered units/ branch

w Transfer of business assets: PERMANENT transfer, temporary transfer, retained on de- registration

w Service put to private use

w Import of service (business use or personal use)

Some clarification regarding supply of goods v/s supply of services

In case of Movable Property (Goods)

w If there is sale of goods i.e. transfer of ownership, then it is called supply of goods but

w If only “ RIGHT TO USE” is trans-ferred then it is called supply of service

In case of business assets

w If it is a permanent transfer then it is called supply of goods

w But if the transfer is temporary, then it is called supply of services

w If it is sold by third party (bank) then it is called supply of goods by the person

In case of Immovable Property

w If an immovable property is rented/leased, then it is called sup-ply of service

w If an under construction property is sold, then also it is supply of service

In case of Intangible Property (IPR)

w Intangible property could be either temporary or permanent transfer. In both cases, it is supply of service

In case of software

w If the software is customised then it is supply of service

w But if the software is readymade then it is supply of goods

Goods on which GST is exempted 100%

ROTI: Flour, pulse, rice, milk, cere-als, poultry, etc

KAPDA: Textile

MAKAN: Rentals for residential/construction for one family

SHIKSHA: Playway to XII - approved degree, diploma

SWASTHYA: Health care - diagnos-tics, treatment, care, etc

w THRESHOLD EXEMPTION OF GST IS RS 10 LAKHS which means now all the small traders also covered under GST.

Banks willing to take on SME riskEven as small businesses across the country go though a bad patch, lenders are willing to take on the risk and give them the support they need. Banks are willing to lend to SMEsNewer banks, in fact, are using the opportunity to bet on the SME sec-tor. Non-banking financial companies (NBFC) are also betting big on small businesses, since they see this as a sunrise sector.SMEs can look for financing other than formal banking by listing on stock exchanges. The RBI approval for this exchange is awaited. SMEs are often not aware of how to present data that puts them in the best light. Lots of small industries have made successful overseas buys, and some have been very lucrative. But it is important to make a good cost-benefit analysis first. It is important for promoters and business to focus on cash manage-ment. Investments in mutual funds have risen significantly in the current financial year.

GoWB’s Incentive Scheme....


Avail of FOSMIs free consultation services to MSME

For more details, contact: Ujjwal Mukherjee, Asst Secretary • Tel: 2248 5114, 99030 19892

Subject Consultant Days TimeCentral excise P R Mukherjee Wednesday 1500 hrs to 1700 hrsCentral excise, service tax Sujoy Dutta Choudhury Monday & Thursday 1500 hrs to 1700 hrs

Sales tax, arbitration, contract & Samir Dasgupta Tuesday, Wednesday 1600 hrs to 1800 hrsother legal matters & Friday Sales Tax, VAT, Entry Tax Saurav Chandra Thursday 1600 hrs to 1800 hrsand Professional TaxLabour, PF, ESI, etc Bilwadal Bhattacharyya Monday & Friday 1500 hrs to 1600 hrs

NSIC Swapan Sinha Tuesday 1600 hrs to 1800 hrs

Credit Advisory Centre Tapas Kumar Ghosh Tuesday 1500 hrs to 1600 hrs

Marketing & export Asit Sharma Sarkar Wednesday 1600 hrs to 1800 hrs

ISO 9000 etc, Certification T K Banerjee Wednesday 1600 hrs to 1800 hrson ISI, BSI 1600 hrs to 1800 hrs

General guidance & counselling H Ganguly Monday to Friday 1400 hrs to 1700 hrsto entrepreneurs

ESICRegional Office

Employees’ State Insurance CorporationPanchdeep Bhawan, 5/1, Grant Lane, Kolkata 700012

No. 41.Z.17/20/2010-Vol IVDear Sir,

You may be aware that in the last several months, ESIC has been stressing on the importance of uploading Aadhar number of Insured Persons (IPs)/family members in the ESIC portal.

The benefits/advantages of linking Aadhar to ESIC Insurance Number have already been enumerated in the past.

The Ministry of & Employment, Government of India has also been laying great emphasis on Aadhar linking in ESIC portal, which is a very simple process requiring only a few seconds and can be done by the employers or by the IPs themselves.

However, online records suggest that a majority of the IPs/family members are yet to link their Aadhar number to ESIC. As an employer, it is extremely important for you to ensure that all your insured employees and their family members have their Aadhar number uploaded in the ESIC portal so that they may avail smooth/hassle-free services under the ESI Scheme.

In view of the urgency of the matter, you are requested to please upload the Aadhar number of your IPs/family members in the ESIC portal at the time of filling up the contribution for this month without any further delay. For any assistance/clarification, please contact the nearest ESIC office.

Yours faithfully,For Regional Director

Rudradeep Dutta, Deputy Director

Regd. Office: 22, Rabindra Sarani, Kolkata- 700073

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