Description
Required Documents:
Pan
IEC
MOA/partnership deed/trust deed of the company/firm/trust
Includes:Â Registration
Duration: NA
RCMC Registration
The Registration-Cum Membership Certificate (RCMC) is a document that attests to the legitimacy of an exporter who deals in goods registered with a government-approved agency or organisation in India. The Export Promotion Councils (EPCs), Commodity Boards, Development Authorities, or other appropriate authorities in India provide the certificate, which is valid for five fiscal years. These organisations serve as the RCMC’s issuing authority when acting as the Registering Authority. In order to receive an RCMC, an exporter must indicate in their application what their primary business is. The relevant Registering Authority would receive this application.
India is home to nine commodity boards and a total of 26 export promotion councils. The responsible authority for issuing RCMC in India are the Commodities Board and the EPCs. The Central Government has given these organisations permission to provide RCMC to exporters. Depending on the kind of products, each EPC and the commodities board in India have their own categories. Unless otherwise stated, the RCMC will be regarded to be valid from April 1st of the licencing year in which it was issued and will be valid for 5 financial years ending on March 31st of the licencing year.
FAQ
What is RCMC Registration?
A Registration-Cum-Membership Certificate is a document that Commodity Boards or Export Promotion Councils in India issue to exporters. RCMC Registration facilitates exporters’ access to a variety of government-provided advantages, including exemption from the payment of specific taxes and duties and participation in numerous export promotion schemes.
What purpose does RCMC Registration serve?
RCMC Registration facilitates exporters’ access to a variety of government of India-provided benefits.
- In order to participate in a range of export promotion initiatives and qualify for specific government-provided exemptions and concessions, RCMC Registration is an essential requirement.
- Additionally, it is a prerequisite for benefiting from the Foreign Trade Policy of India.
- Exporters can avail themselves of numerous advantages by acquiring RCMC Registration, such as exemption from specific tax and duty obligations, access to credit facilities, export incentives, and other government-provided export-related facilities. • RCMC Registration is,
- in essence, a crucial document that assists exporters in India in enhancing their global market competitiveness.
What is the duration of the RCMC Registration process?
The time required to process an RCMC Registration application may differ between Export Promotion Council and Commodity Board applications. RCMC Registration, on average, requires seven to ten days to complete.
Is registration with the RCMC required of all exporters?
RCMC Registration is not a requirement that all exporters must fulfil. Nevertheless, participation in the numerous benefits provided by the Government of India is mandatory.
To what extent does RCMC Registration remain valid?
RCMC Registration is subject to variation in validity as mandated by the Export Promotion Council or Commodity Board. Nonetheless, its validity typically spans a duration of five years.
What occurs in the absence of RCMC Registration Renewal?
Failure to renew RCMC Registration could potentially result in the exporter being ineligible for a range of advantages extended by the Government of India.
Is RCMC Registration required for each and every product that I export?
No, RCMC Registration is not required for each individual product that is exported. An exporter acquires RCMC Registration, which is applicable for each and every product exported by the exporter. The RCMC Registration is applicable to all products exported by the exporter once it has been obtained.
Is RCMC Registration Application Possible Without IEC?
No, RCMC Registration applications are not accepted in the absence of an Import Export Code (IEC). In India, IEC is an obligatory prerequisite for importers and exporters alike, and RCMC Registration is in turn contingent upon IEC.
Who is eligible to submit an RCMC Registration Application?
RCMC Registration is available to any individual or organisation dealing in exports from India. This category comprises service providers, traders, merchants, and manufacturers engaged in the export of products or services from India.
Which documentation is necessary to register with the RCMC?
- A Permanent Account Number (PAN) issued by the competent authority
- An IEC number issued by the regional licencing authority
- The Memorandum of Association (MOA) for corporate, institutional, private limited, or limited companies
- A self-certified copy of the partnership deed for individuals and partnership companies
- The trust deed for institutional or corporate entities
- A certificate from the Registrar of Companies attesting to the change of the company’s registered office
- Certified financial statements from the company’s chartered accountant detailing its foreign exchange earnings during the previous three years
- A board resolution or power of attorney duly issued in support of the signatory
May I submit my RCMC Registration application offline?
No, RCMC Registration is exclusively available online via the export promotion council or commodity board’s website.
Renewal of RCMC Registration is possible
Yes, renewal of RCMC Registration is possible upon payment of the renewal fee and submission of the required documentation.
Transferring an RCMC Registration to a different exporter is possible.
Transferring an RCMC Registration to an additional exporter is not possible.
What is the distinction where RCMC and IEC diverge?
RCMC and IEC are two distinct documents pertaining to Indian export activities. The Registration-Cum-Membership Certificate (RCMC) is a document that is bestowed by Commodity Boards or Export Promotion Councils. On the other hand, the Import Export Code (IEC), a ten-digit number issued by the Directorate General of Foreign Trade (DGFT), is mandatory for any individual or organisation seeking to partake in import or export operations within India.
What is the distinction between MEIS and RCMC?
MEIS and RCMC are two distinct export promotion initiatives offered by the Indian government. Registration-Cum-Membership Certificate (RCMC) is an accreditation granted by Commodity Boards or Export Promotion Councils in India to exporters. It grants them access to a variety of government-sponsored benefits. The Merchandise Exports from India Scheme (MEIS) is an export incentive programme that grants advantages to exporters who meet the eligibility criteria.
