BIS issued an amendment in the notification of Bureau No. CMD-2/G-18 dated May 24, 2023

Jun 08, 2024 | by TeamLease RegTech Legal Research Team

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Commercial ComplianceThe Bureau of Indian Standards (BIS) on June 07, 2024, issued an amendment in the notification of Bureau No. CMD-2/G-18 dated May 24, 2023.

The following amendments in the said notification which shall come into force from June 07, 2024, namely: -

a) In the “SCHEDULE” of the notification of the Bureau No. CMD-2/G-18 dated 24th May 2023 –

i) the sub-paragraph 1 under Note 3 shall be substituted, namely:-

“(1) For micro, small and medium scale enterprises, concession of 20%.”

ii) the sub-paragraph 2 under Note 3 shall be substituted, namely:-

“(2A) Enhanced concession for a micro scale enterprise - From the date of this notification till 31 May 2026, a concession of 80% in the fee payable by the large scale enterprises shall be applicable.

(2B) Enhanced concession for a small scale enterprise - From the date of this notification till 31 May 2026, a concession of 50% in the fee payable by the large scale enterprises shall be applicable.”

iii) the sub-paragraph 3 under Note 3 shall be substituted, namely: -

“(3) Enhanced concession for a start-up enterprise - From the date of this notification till 31 May 2026, a concession of 80% in the fee payable by the large scale enterprises shall be applicable.”

iv) the sub-paragraph 4 under Note 3 shall be substituted, namely: -

“(4) Enhanced concession for a women entrepreneur enterprise - From the date of this notification till 31 May 2026, an additional concession of 10% in the fee payable by the applicable scale of enterprises, i.e. either micro or small or medium scale, shall be applicable.”

[Notification No. CMD-2/G-18]


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