Clarification regarding Vivad se Vishwas I: Relief for MSMEs


Ministry of Finance has issued following clarification regarding Vivad se Vishwas I: Relief for MSMEs:

The Government had provided certain benefits to the industry (including MSMEs) in Government contracts in the past. There could be some contracts, where original delivery period/ completion period may be prior to 19.02.2020 and delivery period was later extended without Liquidated Damages for any reason and the revised delivery period/ date of completion falls between 19.02.2020 and 31.03.2022 (both dates are inclusive). Such cases will also be eligible for reliefs under the scheme.

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