Ease of Doing Business Initiatives

Ease of Doing Business Initiatives

Stakeholders may please note that as part of the Government of India’s Ease of Doing Business(EODB) initiatives, the Ministry of Corporate Affairs would be shortly notifying & deploying a new Web Form christened ‘SPICe+’ (pronounced ‘SPICe Plus’) replacing the existing SPICe form.

SPICe+ would be an integrated Web form offering multiple services viz. name reservation, incorporation, DIN allotment, mandatory issue of PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra) and Opening of Bank Account. It will also facilitate allotment of GSTIN wherever so applied for by the Stakeholders. After deployment of SPICe+ web form, RUN shall be applicable only for change of name of existing companies.

 Upon notification & deployment, all new name reservations for new companies as well as new incorporations shall be applied through SPICe+ only

However, incorporation of companies for names reserved through the existing RUN service shall continue to be filed in the existing SPICe eform along with related linked forms as applicable and if marked under resubmission shall be resubmitted in SPICe eform.

Resubmission of SPICe forms submitted prior to date of deployment of SPICe+ web form shall also be filed in the existing SPICe eform and related linked forms as applicable.

Aadhaar, PAN mandatory for Customs Broker License

Govt. notifies Aadhaar, PAN mandatory for Customs Broker License

The Central Government has reported the Aadhaar number and the mandatory permanent number (PAN) for the customs broker’s license. In a notification issued by the CBI, Aadhaar,

The PAN is mandatory for persons seeking a customs broker license.

“Customs Broker” means the person authorized to act as an agent on behalf of the importer/exporter for the business of entering or leaving the means of transport or goods at any customs station, including the audit. The license issued under the regulations is valid for 10 years.

Aadhaar, PAN mandatory

The Government has also issued the following conditions for applicants to meet;

  • He is a citizen of India.
  • It is the person’s proper mind;
  • Not to be judged as insolvency.
  • Holds Aadhaar number.
  • Holds valid PAN card;
  • No offense under the law, the Central Tax Act, 1944 (1 of 1944), the Finance Act, 1994 (32 of 1994), the Central  Goods and Services Act, 2017 (12 2017) 13 of 2017);
  • She has not been convicted by a competent court of a crime or any criminal proceedings pending against him in   any court of law;
  • An individual applicant or in case the applicant is a company or partner, or in the case of a company or its manager or an authorized officer who may perform the customs work.

#. Graduated from a recognized university;
#. A professional degree such as a master’s degree or equivalent in accounting, finance, management, CA / CS / MBA / LLM / ACMA / FCMA or a diploma in customs clearance work from any institute or university recognized by the government oris after at least two years. Experience in conducting the work of the customs broker as a G-Card owner;

(I) The applicant has financial authority as evidenced by a certificate issued by a bank or other acceptable evidence to the Chief Customs Commissioner or the customs commissioner, as appropriate, in respect of the acquisition of assets of not less than Rs.5 per lakh.

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