Make in India Certificate is not only applicable for manufacturing goods but also required in the service sector. Make in India Certificate is a government initiative which launched in 2014 with the aim of promoting manufacturing in India. As a result, it contributes significantly to India's service sector, which contributes more than 50% of the country's GDP and plays a vital role in the growth of the economy, employment, and foreign investments. All of these sectors have received significant policy support under this initiative, including IT, finance, healthcare, tourism, education, consulting, and professional services. Whether you are a small business owner and a reputed entity having a Make in India certificate for service provides several tax benefits and also attracts more foreign investment. Get the complete understanding over the Make in India certificate for service including eligibility criteria, document list, process and fees in this blog.
Make in India Certificate for services is an essential requirement and an extension of the Make in India Certificate initiative which mainly focuses on the service sector for boosting the country's economic growth. This initiative also helps to generate more jobs in India. This initiative's primary goal is to position India as a global hub for services by giving tax incentives, policy reforms and simplified regulations. By promoting innovation and easy business methods, make in India enhances the ability of India to attract more global enterprises by assuring sustainable economic development for service-based industries.
The applicant must meet the eligibility criteria for procuring Make in India Certificate for Service. These are as follow:
According to these classification, it determines that in which amount the entity uses local content and will issue this certificate accordingly.
Here is the complete list for Make in India Certificate for Service given below:
Here is the complete stepwise process for getting Make in India Certificate for Service as following:
At the initial step, the applicant must go to calculate the amount of local material and input. This calculation determines whether the service is eligible for the MII certification or not. Via this calculation service providers are categorized in different classes such as class 1, 2 or non local suppliers depending on the domestic use of products and input. Businesses should assure that a significant percentage of their inputs come from domestic sources to qualify.
After calculating the local content and input amount, the applicant has to gather all important and necessary documents for the further certification process. Such as Company registration certificate, financial statements, GST registration and other imported components used in production are some important details that should have. These documents help to validate criteria of the applicant for Make in India Certificate.
When all the documents have been collected, the business should undergo verification by a practicing CA (Chartered Accountant). At this stage, the PCA checks the financial invoices and records to justify the percentage of domestic inputs. After all the confirmation and checking, they issue a self-declaration that the company follows all the regulations required by the government for Make in India Certificate for service and certify the same with UDIN. This step is essential to assure compliance with policy guidelines and establish transparency.
At the last when authority approved the application, the business received the official MII certificate that allowed it to showcase its compliance with the make in India initiative. This certification helps in several government tenders and improves brand credibility.
Type | Fees |
---|---|
Urgent Basis | Rs. 9,999/- per certificate |
Regular Basis | Rs. 7,499/- per certificate |
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Make in India Certificate is an essential requirement which is a government initiative to encourage more manufacturing. This is not just an initiative about manufacturing but also strengthening India’s service industry and positioning as global leader. In India's service sector, government support, technological advancements, and a highly skilled workforce are enabling it to grow exponentially. Those interested in taking advantage of this initiative should utilize professional services like Bizfoc to ensure compliance, efficiency, and a strong market presence.