We are proud to share that Abhyansh Shipping Services (India) Pvt. Ltd. has been officially certified as an eligible business under Section 80-IAC of the Income Tax Act, 1961 by the Inter-Ministerial Board (IMB) and recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).
This recognition, awarded to just 129 startups in 82nd IMB meeting this year, is more than just a milestone—it’s a strong validation of the work we do in the logistics sector and a strategic boost to our growth journey.
What is the 80-IAC Certification?
The Section 80-IAC of the Income Tax Act provides eligible startups with a significant tax benefit: 100% income tax exemption on profits for 3 consecutive financial years out of the first 10 years since incorporation. It’s designed to fuel innovation, promote ease of doing business, and offer young companies breathing room to reinvest their earnings into growth, technology, and employment generation.
But receiving this certification isn’t easy—it involves a rigorous vetting process that reviews the company’s innovation, scalability, impact, and sector alignment. Certification must be granted by the Inter-Ministerial Board, which ensures only startups with significant potential are given the green light.
Why This Matters for Startups
In a capital-intensive sector like logistics, every opportunity to reduce costs and reinvest into technology, fleet, talent, or infrastructure counts. With the 80-IAC exemption:
- We’ll have more financial flexibility to invest in digital solutions and expand service lines.
- It will help us stay cost-competitive, especially as we scale and take on more international freight and project logistics mandates.
- It gives us credibility—a seal of trust for partners, collaborators, and investors looking to work with recognized startups.
Behind the Scenes: What It Takes
To be among the 129 startups selected this year is no small feat. The certification process requires:
- DPIIT Startup recognition
- A clean financial and compliance record
- A demonstrable innovation or value addition to your sector
- Submission of business models, projections, and sector impact
We extend our heartfelt gratitude to the Egniol team for their support and guidance through every step of this journey—from documentation to coordination.
Building Forward
As we continue to simplify global freight, connect borders, and streamline supply chains for clients across sectors, this recognition adds wind to our sails.
We remain committed to our mission of delivering strategic logistics solutions that are not only efficient and scalable but also aligned with India’s larger vision of becoming a global logistics hub.
To our clients, partners, and supporters—thank you for trusting Abhyansh. This win belongs to all of us.
📌 To verify our certification, visit: https://www.startupindia.gov.in/blockchainverify/verify.html
📄 Certificate Number: DIPP176168/IMB