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skmc global
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Anti Dumping Duty
Other2 days ago
Source: Anti Dumping Duty
Anti-dumping duty is a protective tariff imposed by the government on foreign imports priced below fair market value, aiming to shield domestic industries from unfair trade practices. Permitted under World Trade Organization (WTO) rules, such duties must be backed by solid evidence and follow a defined legal process. The goal is not to hinder trade, but to ensure fair competition and prevent injury to local industries caused by low-priced dumping of goods by foreign exporters.
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BIS registration for foreign manufacturer
Business2 days ago
Source: BIS registration for foreign manufacturer
The Foreign Manufacturers Certification Scheme (FMCS) is a program under Scheme I of the BIS (Conformity Assessment) Regulations, 2018, designed to certify overseas manufacturers. It enables them to export products to India bearing the ISI mark, signifying compliance with Indian Standards. FMCS certification is mandatory for specific product categories, including electrical appliances, auto parts, cement, steel, toys, and industrial machinery components.
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Shop and Establishment Registration
Business3 days ago
Source: Shop and Establishment Registration
The Shops and Establishments Act is a key labour law in India that governs working conditions in shops, offices, hotels, restaurants, theatres, and other commercial establishments. It regulates essential aspects like working hours, wages, leave policies, holidays, and employment terms to ensure a fair and lawful work environment for both employers and employees. Under this Act, Shop and Establishment Registration is mandatory for any business operating within a state, including offices.
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Benefits of EPCG Registration
Business4 days ago
Source: Benefits of EPCG Registration
The Export Promotion Capital Goods (EPCG) Scheme is a government initiative that helps Indian manufacturers, service providers, and exporters grow globally. By allowing the import of capital goods at zero or reduced customs duty, EPCG enables businesses to modernize production, cut costs, and enhance product quality. This boosts global competitiveness while supporting technological upgrades and export expansion.
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FPO (Finance and Accounts Process Outsourcing)
Business6 days ago
Source: FPO (Finance and Accounts Process Outsourcing)
Organizations today face a complex, fast-changing business landscape, making it hard to focus on core operations while managing time-consuming ancillary tasks. Outsourcing non-core activities like finance and accounting has become a strategic necessity, enabling companies to access expertise at lower costs while staying competitive. Financial Process Outsourcing (FPO) lets businesses entrust critical financial tasks to experts who ensure compliance, accuracy, and efficiency.
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Payroll Management Services
Business8 days ago
Source: Payroll Management Services
Effective payroll management is vital for organizational success. It involves accurate salary calculations, timely disbursements, and precise tax deductions like income tax, PF, and professional tax. Adhering to India’s labor laws, such as the Payment of Wages Act and Minimum Wages Act, ensures compliance and avoids legal issues. Efficient payroll processing maintains clear financial records, builds employee trust, and supports smooth operations.
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Benefits of effective transfer pricing
Business9 days ago
Source: Benefits of effective transfer pricing
Effective transfer pricing is essential for multinational corporations to align tax strategies, comply with regulations, and ensure fair profit allocation among global entities. By adopting arm’s length pricing and maintaining transparent documentation, MNCs can optimize cash flows, reduce tax risks, and support strategic decisions across supply chains. Proper transfer pricing not only enhances operational efficiency and competitiveness but also minimizes disputes with tax authorities.
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Coso framework
Business11 days ago
Source: Coso framework
Ever wonder how companies protect assets and stay compliant? Effective internal controls are key, and the COSO Framework sits at the center. Developed by the Committee of Sponsoring Organizations of the Treadway Commission, COSO is the gold standard for designing and maintaining internal controls. It helps businesses operate efficiently, report accurately, and meet regulations. By using COSO, organizations can ensure their controls match their risks, enabling audits, management.
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Internal Audit in 2025
Business12 days ago
Source: Internal Audit in 2025
internal auditing is key to corporate agility and resilience. Strong internal controls and effective audit processes help organizations navigate uncertainty and boost performance. Advanced audit planning, automation, and digital SOPs make auditors essential to long-term success. As businesses evolve, internal audits go beyond compliance, actively managing risks and identifying opportunities to enhance growth. This shift positions audit teams as strategic partners who strengthen governance.
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Sweat Equity Shares
Business12 days ago
Source: Sweat Equity Shares
In today’s competitive business world, Sweat Equity Shares help companies retain talent by rewarding those who add significant value. These are equity shares issued to directors or employees at a discount or for non-cash consideration, in recognition of their contributions through know-how, intellectual property, or other value additions. Governed by the Companies Act, 2013.
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