In a crucial announcement, the Greater Visakhapatnam Municipal Corporation (GVMC) has advised traders to ensure the timely renewal of their trade licenses for the financial year 2024-25. The deadline for renewal is set for 29th February ’24, and failure to comply by this date will result in penalties.
Traders are reminded that renewing their trade license by the end of February is essential to avoid penalties. However, in case of delays, a penalty of 25% will be imposed for renewals between 1st to 31st March ’24. For those who miss this extended window, a more substantial penalty of 50% will be applicable thereafter.
The initiative aligns with the city’s commitment to #EcoVizag and #ISupportEcoVizag, emphasizing the importance of organized and regulated business practices for the betterment of the environment and the community.
Traders are encouraged to take prompt action and renew their trade licenses before the specified deadlines to avoid financial penalties. For more information and assistance in this process, individuals are advised to reach out to their respective Ward Sanitation & Environmental Secretary.
This announcement serves as a reminder for traders in Visakhapatnam to fulfill their civic responsibilities by ensuring the timely renewal of trade licenses. The initiative not only promotes organized business practices but also contributes to the overall environmental and economic well-being of the city. The GVMC expects the cooperation of the trading community in adhering to these renewal deadlines, fostering a collaborative effort for a well-regulated and eco-conscious business environment in Visakhapatnam.