Trade License in Palamu is required by every person exploit any type of issue or trade in Palamu. Under the ease of doing business Plan government of Jharkhand has devised a 1 day commendation system for Trade license in State. Under this scheme Provisional Trade License is issued within 1 daylight and the application for trade license is processed within a maximum of 22 days. If the Trade License is not issued or rejected within 22 days, then the provisional Trade License shall be considered as final.
License progress is charged yearly more than the Trade License issued, the quantum of license press on depends upon the Place of office. Larger the Place higher will be the license fee. Trade license following issued shall be blamed to once a year license spread unless surrendered, if the license onslaught is not deposited upon time an additional fine shall be charged form the license holder for the said period. For applying Trade license in Jharkhand the applicant is required to make a get bond of of clearance from the Municipal Corporation for the use of plastic bags and other teetotal and wet wastages. Trade license is genuine for lifetime subject to twelve-monthly license enhancement payment and can be surrendered voluntarily by the applicant when the concern is discontinued. Department can order inspection of the premise used for issue any times during the license period. Trade License is one of the basic KYC requirement for starting a further business in Jharkhand.
DOCUMENTS REQUIRED FOR APPLYING TRADE LICENSE IN JHARKHAND:
- PAN and Incorporation Details of the business
- Address proof of business
- KYC details of Authorized representative