Overview on Plastic Trading License
A plastic Trade license means a license or a valid certificate required to start a business or carry on Trade to perform operations. The plastic trade license is provided by the state board of the respective state. The license authorizes an applicant to carry on the business in a particular area. The trader should ensure that the business follows the requirements of the license. The license does not allow an individual to secure the property or any Legal right on the property where the business for trade-in plastic is carried on.
Role of the Board
In India, every state has its Concern board, which aims to make aware people related to providing the Trade licensing and educate on sustainable development plans to enhance the environmental quality of the respective states. The board worked and supervised under the Central & State both. The Concern Board granted all its powers and functions to the concerned state board; it is the organization established to execute environmental rules & regulations within the jurisdiction of the state.
Who are eligible to take a License for Trade in Plastic?
Any individual or business entity in favour of the Environment can start this business. He can collect the scrap material from manufacturers, producers, Importers, Brand owners, and collectors and Trade that scrap material to actual users or Plastic Recycler. A trader can collect any plastic scrap under this scheme. He can also work for a Recycler in which he can represent that he is collecting the scrap on behalf of an actual user.
Documents required to commence Trading in Plastic:
- Authorized PAN Card
- GST Certificate
- Electricity bill/water bill
- Authorization letter
- Copy of the Aadhar card same should be linked with the mobile phone
- Business Premises details
Validity of the License
The Concern department will issue the certification for 5 years, and it can be renewal for the next 5 years.
How can Corpbiz Assist?
- Copbiz will help in documentation
- Assist in filing the application for license
- Regular follow up with the government
- Provide End-to end support
Frequently Asked Questions
Any individual or any entity is eligible to take license for trading in plastic in India.
Required documents are GST Certificate, PAN card, authorization letter etc.