General Trade/ Storage License Issued by Municipal Corporation of Delhi (MCD) Municipal Corporation of Delhi (MCD) issues general Trade/Storage License to the traders/ establishments for permitted trade activities under Section 2 (59) of the DMC Act, 1957. It is mandatory for all traders/ establishments to obtain trade/ storage license under Section 417 of the DMC Act, 1957 in the jurisdiction of MCD.
As per Section 417 of the DMC Act-1957 (amended time to time) provides that any person, who so ever desires to establish business of a General Trade and Storage, is required to obtain license from MCD.
No amendment in case of increase/ decrease in the area for trade/ storage will be permissible. In case of increase in area of the trade premises, a fresh application will be entertained on submission of requisite difference of fees as per prescribed rates of License Fee.
It is a license or permission which is issued by the municipal corporation granting permission to carry on a particular trade on a particular address. If anybody wants to start a business of his/her own and have no idea to establish the business and what approval requirements, revert back to GSB Taxation. First, you have to look whether you want to deal in goods or services and then you have to detect your business place. After the clarification of mentioned points, your to-do list will receive a trade license. It (Trade License) ensures adherence to relevant rules, standard and safety strategies that are usual in the land.
All businessmen are planning to start their business operation will be required to get the trade license within 15 days of the beginning of any actions. The actions consist of producer, give-and-take or even storage of any goods. In some states, it is compulsory to apply for the trade license within 3 months preceding to the commencement any business actions.
