The acronym MSME/SSI stands for the Micro, Smal& Medium Enterprises and Small Scale Industries respectively.
In the early days of a business, entrepreneurs are looking for a license to get their business recognised by the government. One of the easier registrations to be granted is the MSME or SSI Registration or the Micro, Small & Medium Enterprises Registration or Small Scale Industries Registration. This is not the only reason it is popular among new businesses. It’s because this registration gives you access to numerous benefits.
Import Export code
All businesses engaged in importing and exporting goods must have an Importer Exporter Code (IEC). Without one, you cannot import or export. You don’t need to be a registered entity to apply for one; you can apply even as an individual.
The IEC does not apply to technology and services. However, it does in certain cases in which international trade is restricted, such as nuclear weapons and automatic guns. The IEC is a 10-digit code with permanent validity issued by the Directorate General of Foreign Trade.
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FSSAI is an abbreviation used for Food Safety and Standards Authority of India. FSSAI license is mandatory before starting any food business.
All the manufacturers, traders, restaurants who are involved in food business must obtain a 14-digit registration or a license number which must be printed on food packages. The Food Authority is a body corporate, having perpetual succession and a seal with power to acquire, hold and dispose of property, both movable and immovable, and to contract and shall, by the said name, sue or be sued.