One of India’s most ambitious undertakings ‘The Make in India’ Campaign seems to be hitting it off big time for the defense sector which had been lying dormant due to decades of red tape and lack of innovation.
Every company incorporated has to follow a procedure of intimating the concerned government departments about the various activities conducted within the company from time to time.
Excise Exemption The Government of India has exempted payment of the excise duty for MSME holders whose value of turnover did not exceed Rs. 1.5 Crore on the first day in the financial year.