Clicky
Business

Govt extends validity of IRC, ERC to 5 years


Published : 24 Nov 2022 08:46 PM
  • t

The commerce ministry has extended the validity of both the Import Registration Certificate (IRC) and Export Registration Certificate (ERC) to five years from one year.

The ministry in a notification on Thursday said that as part of the ease of doing business and following the demand from businesses in the country, the government has decided to extend the registration validity for IRC and ERC.

The traders can get IRC or ERC as per the requirement of one to five years by paying the necessary fees. The tenure will be counted from the issuing date of the certificate. The IRC and ERC are renewable.

The trade bodies and businesses have been demanding extension of the tenure and a hassle-free renewal system for a long time.