What are the licenses required for a NVOCC Company in India ?
Are there any specific requirements for such companies ? Or it can operate under some other license.
Would appreciate your earliest reply.
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NVOCC Registration Requirement
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Quick Summary
Hello
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Licences for an NVOCC:
• NVOCCs (non-vessel operating common carriers) in India must register with the Directorate General of Shipping (DG Shipping) as a Multimodal Transport Operator (MTO) under the Multimodal Transportation of Goods Act, 1993 (requirements: minimum net worth or a bank guarantee, and an office in India).
• Also: IEC (DGFT), GST registration, Customs registration (if acting as a customs broker, a separate CB licence), and membership in industry bodies for B/L recognition (e.g. FIATA).
• From 2023, the MTO registration process is online (DG Shipping e-Samudra).
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