New Delhi, May 7 (KNN) In an effort to promote Ease of Doing Business (EoDB), the Ministry of Road Transport & Highways has notified that a Trade Certificate is required only in case of vehicles which are neither registered nor temporarily registered.

It has said that such vehicles can only be in the possession of a dealer/ manufacturer/importer of motor vehicles, or a test agency specified in rule 126 or any entity specified by the Central Government.

Streamlining of fees  is also proposed, on the basis of the  number of trade registration marks being applied for. 

Further, as the Trade certificate and registration marks are proposed to be allotted online i.e. electronically on the portal, therefore compliance burden regarding Intimation of loss or destruction of a trade certificate and application for duplicate has been removed. 

The validity of the Trade Certificate has been increased from 12 months to 5 years.  (KNN Bureau)