No fine if trade licence renewed by March 31

The penalty waiver won’t apply to traders applying after March 31. Credit: DH File Photo

The BBMP has extended the deadline for renewing trade licences.

Traders now have time until March 31 to renew the licence. They don’t have to pay the 25% fine that the BBMP had intended to impose for those applying between March 1 and 31. The civic body decided to waive the penalty after a substantial number of traders didn’t apply for the renewal.

The penalty waiver won’t apply to traders applying after March 31. They would be required to pay a fine of 100%, the BBMP said.