Overview on Rubber Board License
The Indian Government had constituted a statutory body called the Rubber Board under the Ministry of Commerce and Industry to help the government in implementing the provisions of the Rubber Act 1947. The Rubber Board advises the central government on matters related to the rubber industry. Under the present dispensation of the Rubber Act & Rules, transactions in rubber are regulated through licensing by Rubber Board. Various licenses are issued by the board such as the Dealers’ License, Processors’ License and Manufacturers’ License. The Dealers’ and the Processors’ licenses are issued by the Board’s office at Willingdon Island, Kochi whereas the Manufacturers’ license is issued from the Board’s Head Quarters at Kottayam.
Functions of Rubber Board in India
The Rubber Board was constituted by Government of India for the overall development of the rubber industry in India. The functions of this Board as defined under the Rubber Act 1947 are as follows:
Rubber Act of 1947
The Rubber Act was introduced in 1947 to promote natural rubber, a strategic product, entrusting the task to the Rubber Board. Since then the sector has grown to comprise 8.22 lakh hectares of cultivation and 13.2 lakh small cultivating units. The existence of the Rubber Board, the licensing system, extension, replanting, research, subsidies, control over the import and export and a host of other support systems depend on this Act.
Types of Rubber Board License
There are 3 types of Rubber Board License:
- Dealer license (Form B)- Required by those dealing in rubber;
- Processor license (Form B1)- Required by those who want to acquire rubber for processing and for selling it;
- Manufacturer license (Form D) - Required by those who want to purchase or acquire rubber.
Apart from these, there is another category called “Others- Special Authorization” for acquiring natural rubber.
What is the Licensing procedure?
The procedure may vary as per the type of the license. We have provided the licensing procedure for each type of license:
- Dealer license
Any person who wants to deal in rubber is required to apply for the Dealer’s license in form B. The application should be submitted along with an affidavit, attested photograph of the applicant and necessary paperary proof to prove the applicants' right of possession of the proposed business premises and storage by the applicant. Besides, a sum towards license fee needs to be remitted. Such amount can be remitted by demand draft drawn in favour of the Deputy Director, Rubber Board, payable at Kochi or by money order or by cash.
- Processor License
Those who want to acquire rubber for processing and for selling it, shall apply for a license in Form B1. The application needs to be submitted along with an affidavit in the prescribed form and the copy of the project report. Besides, a sum towards license fee needs to be remitted.
- Manufacturer License
Anyone who wishes to purchase or acquire rubber must apply to the board in Form D along with supporting necessary papers. This license is issued to acquire specific amount of rubber and the license should be renewed every year.
Book a Free Consultation
Get response within 24 hours
Necessary Papers required to obtain Rubber Board License
Obligations of Licensees
As per the Rubber Act and the Rules made thereunder provides that the license holder should submit statutory returns in the prescribed forms to the board.
These licenses mentioned above can be revoked if the board believes that the license was obtained by misrepresentation of facts or fraud or in case the licensee fails to submit the returns or violates any conditions of the license issued by the board. Prosecution can be initiated in case of violation of the provisions of the Rubber Act.
How Corpbiz can assist you:
We at Corpbiz have a team of dedicated and skilled professionals who will help you to obtain rubber board license if you are willing to deal in rubber. Complete assistance will be provided in the application filing process and get advisory on the same. So, Contact Corpbiz today!