Benefits of Spice Board Registration
Spice Board Registration benefits spice exporters in unlimited ways. The most significant benefits of having a Spice Board Registration are as follows.
- Registration by the Spice Board aids exporters and importers in making connections with each other.
- It helps in identifying qualified supplier sources for importers' unique needs and Processes International trade enquiries and forwards them to reputable exporters.
- Spice Board organizes group programmes bringing together International organisations, exporters, and policymakers.
- As per the notification of 2008 April by the authorities, RCMC is not needed after (CRES) issued by the Spices Board because it is treated as Registration-cum-Membership Certificate. Thus, the exporters of spices having Spice Board Registration need not apply for RCMC.
- Spice Board is also In charge of maintaining a comprehensive and up-to-date data bank for exporters and importers. Thus, exporters having the registration always stay updated with the demands of the market.
- Spice Board Registration also helps in other relevant services that may be required for expanding the export business.
Why is Spice Board Registration mandatory?
As per section 11 of the SPICES BOARD ACT, 1986, no business shall start or carry on the business of export of any spice from India without Spice Board Registration.
It is important to note that exporting spices without the Spice board registration may result in-
- Confiscation of the Spice Stock in hand.
- Imprisonment upto one year.
- Fine upto one thousand rupees.
List of Spices covered under Spice Board Registration
- A wide range of spices covered under spice board registration from cardamom, clove, basil, tamarind and many more.
- Find out the list of 52 spices under Spice Board Registration at - List of Spices Mentioned in the Spice Board Act.
Validity & Renewal of Certificate of Registration as Exporter of Spices {CRES}
- The Certificate of Registration as Exporter of Spices (CRES) is granted for a duration of "three years" as determined by the Board.
- At the end of each block year, the spice exporters need to renew their Spice Board Registration Certificate.
Step-by-Step Timeline for Spice Board Registration
- Provide the required business details and information to our web portal.
- Choose a package and pay online with different payment modes available.
- On placing an order, your application will be assigned to one of our dedicated professionals.
- Our professional shall carefully examine the correctness & accuracy of the documents and file Spice board registration application form.
- Our professional shall make regular follow up with the Board for processing of spice board registration online.
- On obtaining CRES, we will provide a spice board certificate along with several eGuides on exports.
Documents Required for Spice Board Registration
- Detailed Bank report against current account from your banker.
- Scanned passport size photo (size 135PX x 165PX) of the CEO/Authorized person of the organization (JPEG/JPG/PNG).
- Partnership Deed / Company’s Certificate of Incorporation, MOA & AOA.
- GST registration certificate or Self declaration for not having GST.
- Import-Export Code (IE code) Certificate.
- PAN card.
- Udyog Aadhaar/MSME Certificate.
How we can help in Spice Board Registration
Many people get demotivated and confused by the long procedure of getting Spice Board Registration. Since, We have a top-notch professional team providing a hassle-free and error-free Online Spice Board Registration Service in India. We deliver you the best Spice Board Registration that can help you in your spice export business.
Our experts have been completing 1000+ Spice Board Registration and staying up to date with new registration procedures every day since 2014. Chartered Accountants, Lawyers, and Company Secretaries make up our diverse teams of specialists. Also, we have been dealing with a wide variety of financial services, including export-import, business compliances, taxation, and accounting issues in India.
Thus, it's your turn to kick start your import-export business with entire legal formalities. Our business advisors are a phone call away to guide you in your business endeavours.