You are here: Home » Current Affairs » News
Business Standard

Govt plans to make trade certificate process online for vehicle dealers

The validity of the trade certificate has been proposed to be increased from 12 months to five years.

Topics
government of India | vehicle dealers

Press Trust of India  |  New Delhi 

automobile, scrappage, cars, auto, vehicles
Such vehicles can only be in the possession of a dealer, manufacturer or importer of motor vehicles, or a test agency specified in rule 126 or any entity specified by the central government.

To promote ease of doing business, the Ministry of Road Transport and Highways (MoRTH) has proposed that a dealer, manufacturer or importer of motor vehicles can apply for a trade certificate electronically for multiple types of vehicles in a single application on the Vahan portal, according to an official release.

The validity of the trade certificate has been proposed to be increased from 12 months to five years.

A trade certificate is required only in case of vehicles that are neither registered nor temporarily registered.

Such vehicles can only be in the possession of a dealer, manufacturer or importer of motor vehicles, or a test agency specified in rule 126 or any entity specified by the central government.

"In an endeavour to promote 'Ease of doing business', it is proposed that such agency can apply for a trade certificate and trade registration marks electronically for multiple types of vehicles in a single application on the Vahan portal, without the need to visit the RTO," the statement said.

According to the statement, streamlining of fees is also proposed, on the basis of the number of trade registration marks being applied for.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, May 07 2022. 18:01 IST
RECOMMENDED FOR YOU