mjunction inked a pact with Tea board to set up new e-marketplace

Last Updated at: October 23, 2019
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India’s leading B2B e-commerce platform mjunction has inked a memorandum of understanding (MoU) with Tea Board for introducing a new e-marketplace for tea. The innovative e-marketplace to be set up at Jorhat in Assam and it is expected to perform price-discovery and assist buyers and sellers in terms of time management and cost-effectiveness.

The MoU makes mjunction limited as the system integrator to design, develop, implement and maintain an inclusive e-auction platform for the Tea Board. The e-marketplace will be introduced to aid in transparent and market-driven price discovery.

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The secondary and tertiary buyers are expected to get on board with the new electronic-marketplace to reap the benefits. Though Assam produces the highest quantity of tea in India, it has only one auction centre to mediate the whole process of production to payment, it takes more than a month. The new platform is expected to shorten this cycle with easy to use automated catalogue management and to push price discovery.

Initially, the platform will handle about 200 million kg of tea grown in and around Jorhat and the system is expected to be in place by this September.

According to mjunction MD and CEO Vinay Verma, the new e-platform in Jorhat will act as an enabling medium between buyers and sellers in the industry, give them a wide range of services from a single platform.

What is the validity of GST certificate?

The GST certificate once issued is valid until it is canceled, surrendered or suspended. But the GST certificate granted to taxable individuals has a validity date.Understand the procedure for GST registration and GST returns here.

What are Specified Enterprises as per the notification?

As per the provisions of the MSME Development Act, 2006, the Specified companies are those that have received goods and services from MSMEs and whose payments have not been made until 45 days.More on Income Tax Return Filing.

What are the different modes of filing the return of income?

The income return can be filed either in paper form or it can also be filed electronically. You may require digital signature in order to validate the return forms when filing the returns electronically.Learn more about ISO Certification.

Can anyone join ISO?

It is not possible for businesses or individuals to participate in ISO. The ISO membership is permitted for national standards companies and similar organizations representing standardization.More info on NGO Registration in india.

What are the different Acts in which NGO is registered ?

The Societies,Trusts and the profitable NGOs are registered under the Indian Trust Act 1882 , Societies Act 1860 and the Companies Act 1956 respectively.More about Udyog Aadhar Registration.

mjunction inked a pact with Tea board to set up new e-marketplace

2188

India’s leading B2B e-commerce platform mjunction has inked a memorandum of understanding (MoU) with Tea Board for introducing a new e-marketplace for tea. The innovative e-marketplace to be set up at Jorhat in Assam and it is expected to perform price-discovery and assist buyers and sellers in terms of time management and cost-effectiveness.

The MoU makes mjunction limited as the system integrator to design, develop, implement and maintain an inclusive e-auction platform for the Tea Board. The e-marketplace will be introduced to aid in transparent and market-driven price discovery.

Get Your Company Registered

The secondary and tertiary buyers are expected to get on board with the new electronic-marketplace to reap the benefits. Though Assam produces the highest quantity of tea in India, it has only one auction centre to mediate the whole process of production to payment, it takes more than a month. The new platform is expected to shorten this cycle with easy to use automated catalogue management and to push price discovery.

Initially, the platform will handle about 200 million kg of tea grown in and around Jorhat and the system is expected to be in place by this September.

According to mjunction MD and CEO Vinay Verma, the new e-platform in Jorhat will act as an enabling medium between buyers and sellers in the industry, give them a wide range of services from a single platform.

What is the validity of GST certificate?

The GST certificate once issued is valid until it is canceled, surrendered or suspended. But the GST certificate granted to taxable individuals has a validity date.Understand the procedure for GST registration and GST returns here.

What are Specified Enterprises as per the notification?

As per the provisions of the MSME Development Act, 2006, the Specified companies are those that have received goods and services from MSMEs and whose payments have not been made until 45 days.More on Income Tax Return Filing.

What are the different modes of filing the return of income?

The income return can be filed either in paper form or it can also be filed electronically. You may require digital signature in order to validate the return forms when filing the returns electronically.Learn more about ISO Certification.

Can anyone join ISO?

It is not possible for businesses or individuals to participate in ISO. The ISO membership is permitted for national standards companies and similar organizations representing standardization.More info on NGO Registration in india.

What are the different Acts in which NGO is registered ?

The Societies,Trusts and the profitable NGOs are registered under the Indian Trust Act 1882 , Societies Act 1860 and the Companies Act 1956 respectively.More about Udyog Aadhar Registration.

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