{"id":45640,"date":"2022-07-26T11:44:34","date_gmt":"2022-07-26T06:14:34","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=45640"},"modified":"2022-07-26T11:44:35","modified_gmt":"2022-07-26T06:14:35","slug":"scope-of-refurbished-mobile-e-waste-management-business","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/scope-of-refurbished-mobile-e-waste-management-business\/","title":{"rendered":"Scope of Refurbished Mobile E-Waste Management Business"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Management of E-Waste in India is mainly done by using two\nprocesses including the process of refurbishment\/reuse\/resale and recycling. It\nis nevertheless estimated that around 75% to 85% of EEE (Electrical and\nElectronic equipment) after being used are disposed of in the landfill or\nincinerated. While remaining 10% are either donated, passed down, or stored and\nthe remaining 15% are sent to recyclers or refurbishers for proper E-Waste\nManagement. It is also reported that most of the E-Waste collected that is 85%\nof it is from personal devices including Mobile Phones. According to the latest\nstatistics out of the huge amount of E-Waste generated in India only 5% is\nrecycled while 95% is sold to informal scrap dealers who cause more damage to\nthe environment by adopting unscientific ways of metal extraction. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/scope-of-refurbished-mobile-e-waste-management-business\/#Market_overview_of_E-Waste_Management_Business\" >Market overview of E-Waste Management Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/scope-of-refurbished-mobile-e-waste-management-business\/#Refurbishment_vs_recycling\" >Refurbishment vs recycling<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/scope-of-refurbished-mobile-e-waste-management-business\/#The_market_for_Refurbished_Mobile_E-Waste_Management\" >The market for Refurbished Mobile E-Waste Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/scope-of-refurbished-mobile-e-waste-management-business\/#Process_of_acquiring_license_for_Refurbished_Mobile_E-Waste_Management\" >Process of acquiring license for Refurbished Mobile E-Waste Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/scope-of-refurbished-mobile-e-waste-management-business\/#Post_compliance_requirement\" >Post compliance requirement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/scope-of-refurbished-mobile-e-waste-management-business\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_overview_of_E-Waste_Management_Business\"><\/span>Market overview of E-Waste Management Business <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to the recent market research report on E-Waste\nmanagement, the market for E-Waste management worldwide is expected to grow\nafter Covid 19 from 49,689.50 million US Dollars in 2021 to 111968.93 Million\nUS Dollars by 2028 with a CAGR (Compound annual growth rate) of 14.50%. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Refurbishment_vs_recycling\"><\/span>Refurbishment vs recycling <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Although both refurbishment and recycling are important\nsteps of E-Waste management it is important to understand that refurbishment\ndoes provide an effective way of managing E-Waste than recycling. Refurbishment\nand reusing when compared to recycling save more energy and resources and also\nreduce waste. Apart from this refurbishment process is considered to be more\ncost-effective and cheaper than recycling which is more complicated and costly.\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_market_for_Refurbished_Mobile_E-Waste_Management\"><\/span>The market for Refurbished Mobile E-Waste Management <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Refurbished Mobile that is put up for resale provides a\nhuge market for E-Waste management businesses. With the increase in demand for\nMobile phones and awareness among people regarding the environmental damage\ncaused by WEEE (Waste Electrical and Electronic equipment), it is estimated\nthat the market for resale will thrive. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Benefits of Refurbished Mobile <\/h3>\n\n\n\n<p>Buying Refurbished mobiles has proven to be beneficial in\nmany ways including:- <\/p>\n\n\n\n<ul><li>Affordability <\/li><\/ul>\n\n\n\n<p>Because the process of refurbishment is\ncheaper and cost-effective the refurbished products are also sold at less\nprices attracting a huge customer base, especially those who are not able to\nafford new technology. For example, the people who can\u2019t afford iPhones can\nalways buy refurbished iPhones which are available at discounted prices. <\/p>\n\n\n\n<ul><li>Quality Assured <\/li><\/ul>\n\n\n\n<p>Refurbished phone goes through number of\nassurance test to ensure optimal performance. Further the refurbishers also\ngrade the devices to ensure that there is no compromise in the performance of\nthe device. Once the device is thoroughly tested and graded then only it is put\nup for resale by credible and certified dealer. <\/p>\n\n\n\n<ul><li>Eco-Friendly <\/li><\/ul>\n\n\n\n<p>Now a day one of the biggest threat to the\nenvironment is increase of E-Waste with people carelessly dumping mobiles\ncausing adverse effect on environment and human health. Refurbishment process\nuse WEEE (Waste Electrical and Electronic equipment) ensuring that E-Waste is\nproperly managed. Therefore buying refurbished mobile is more eco-friendly\npurchase. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_of_acquiring_license_for_Refurbished_Mobile_E-Waste_Management\"><\/span>Process of acquiring license for Refurbished Mobile E-Waste Management<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Compliances to be followed by Refurbisher for Refurbished\nMobile E-Waste Management<\/p>\n\n\n\n<ul><li>Filing\nfor Authorisation for Refurbishment under Form 1(a)<\/li><li>Maintaining\nE-Waste Record under Form-2<\/li><li>Filing\nAnnual Return for E-Waste in Form-3<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Documents required <\/h3>\n\n\n\n<p>While\nFiling an application for Refurbishment Authorisation, Refurbisher has to\nsubmit several attested documents like:-<\/p>\n\n\n\n<ol><li>State Pollution\nControl Board\/Pollution Control Committee issues Consent to establish before\nthe refurbishment plant is established under The Air (Prevention and Control\nPollution) Act, 1981 and The Water (Prevention and Control Pollution) Act,\n1981.&nbsp;<\/li><li>State Pollution\nControl Board\/Pollution Control Committee issues Consent to Operate after the\nindustry is establish but before it is in operation in accordance with The Air\n(Prevention and Control Pollution) Act, 1981, and The Water (Prevention and\nControl Pollution) Act, 1981.<\/li><\/ol>\n\n\n\n<ol><li>Registration Certificate granted by the DIC (District Industries Centre) or any other competent agency.\u00a0<\/li><li>Aadhar Card\u00a0of the authorised personnel <\/li><li>PAN Card<\/li><li>GST Certificate\u00a0<\/li><li>Electricity Bill <\/li><li>Site Layout\/Plan\u00a0<\/li><li>Certificate of Incorporation (CIN)<\/li><li><strong>MOA (Memorandum of Association)<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Memorandum_of_association\"><strong>[1]<\/strong><\/a><\/sup> (If required)<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Process of acquiring a license for Refurbished Mobile E-Waste Management<\/h3>\n\n\n\n<p>E-Waste Management Act, 2016 regulates the procedure for obtaining <a href=\"https:\/\/corpbiz.io\/refurbisher-authorization-refurbisher-license\"><strong>E-Waste Refurbisher Authorisation<\/strong><\/a> from the concerned State Pollution Control Board\/Pollution Control Committee. The process involves Filing an application, reviewing the submitted application, and granting the license.<\/p>\n\n\n\n<ul><li><strong>Filing an\nApplication<\/strong><\/li><\/ul>\n\n\n\n<p>For acquiring authorisation the refurbisher\nhave to first register through the centralised Portal online and complete the\nForm-I (a) in accordance with E-Waste (Management) Rules, 2016, submit along\nwith the attested documents. The unique application number is also provided in\ncase the refurbisher wants to track the status of the application.<\/p>\n\n\n\n<ul><li><strong>Submitting\/Review\nApplication<\/strong><\/li><\/ul>\n\n\n\n<p>After the application is filed with the\nattached documents, it is to be submitted for review to concerned personnel of\nthe State Pollution Control Board\/Pollution Control Committee for verification\nand authentication. In Case of any mistake with the application submitted with\nthe document, it is sent back to the refurbisher for alteration.<\/p>\n\n\n\n<ul><li><strong>Grant of\nlicense<\/strong><\/li><\/ul>\n\n\n\n<p>At last, if there is no mistake found in the Application\nsubmitted and all the documents are verified, the authorisation license is\ngranted.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Post_compliance_requirement\"><\/span>Post compliance requirement <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Refurbishers after acquiring authorisation from the\nconcerned State Pollution Control Board\/ Pollution Control Committee are\nrequired to follow few post-compliance conditions including maintaining the\nrecord of E-Waste refurbished prescribed under form 2 as well as file annual\nreturns under Form 3. The annual returns include the total details on the\nquantity of E-Waste handled by refurbisher which is to be submitted by\nrefurbisher by 30<sup>th<\/sup> day of June following the FY (Financial year) to\nwhich the return relates. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>With people becoming more aware about the effects of E-Waste on our environment and increase in the demand for more sustainable ways of using technology with cost effective method the scope of Refurbished Mobile E-Waste Management business is boosting day by day with the recent market research report on E-Waste management estimating rise from 49,689.50 million US Dollars in 2021 to 111968.93 Million US Dollars by 2028. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our Article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/e-waste-recycling-business\/\">An Overview of the E-Waste Recycling Business<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Management of E-Waste in India is mainly done by using two processes including the process of refurbishment\/reuse\/resale and recycling. It is nevertheless estimated that around 75% to 85% of EEE (Electrical and Electronic equipment) after being used are disposed of in the landfill or incinerated. While remaining 10% are either donated, passed down, or stored [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":45642,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[888],"tags":[2528],"acf":{"service_id":"491"},"authorName":"Muskaan Verma","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-14.jpg","authorDescription":"Muskaan has completed her BA.LLB and LLM, gaining vast legal knowledge and expertise. She has keen interest in legal research and content writing, having prior experience of publishing numerous research papers in international journals on Environmental Laws and Corporate Laws.","postViews":3024,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/45640"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=45640"}],"version-history":[{"count":5,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/45640\/revisions"}],"predecessor-version":[{"id":45647,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/45640\/revisions\/45647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/45642"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=45640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=45640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=45640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}