Overview of RCMC Registration:
The Registration Cum Membership Certificate (RCMC) is an essential authorization document for importing or exporting restricted products under the Foreign Trade Policy (FTP). It is typically issued by Export Promotion Councils (EPCs), Commodity Boards or Export Development Authorities which are established by the Director General of Foreign Trade (DGFT) to oversee specific categories of restricted goods.
The RCMC not only serves as proof of an exporter’s registration or membership with a designated EPC, commodity board or export development authority, but it is also crucial for availing concessions and benefits offered under the FTP for restricted imports or exports.
iKargos, as a professional service provider, offers comprehensive assistance in obtaining RCMC registration online. With years of experience in handling RCMC registrations, we provide end-to-end support to ensure a smooth and efficient process for our clients.
Why Obtain RCMC Registration?
RCMC registration serves multiple key purposes for businesses involved in international trade:
- It grants permission to import or export products classified as restricted under the Foreign Trade Policy (FTP), ensuring compliance with trade regulations.
- RCMC serves as formal evidence that an exporter is registered with the appropriate Export Promotion Council (EPC), commodity board or export development authority thereby aligning with the sector-specific regulatory requirements.
- It is essential for businesses seeking to access the various concessions and incentives provided under the FTP for the import or export of restricted goods, allowing them to operate more competitively in the global market.
Obtaining RCMC registration ensures your business is equipped to navigate the complexities of restricted trade while benefiting from government-backed advantages.
Eligibility Criteria for RCMC Registration Online:
To apply for RCMC registration, exporters or merchants must meet the following criteria:
- The applicant must be actively engaged in the import or export business. This is a fundamental requirement for starting a manufacturing or trading business in India. Additionally, the exporter must have already applied for or obtained an Import Export Code (IEC) from the Directorate General of Foreign Trade (DGFT) as the IEC is a mandatory prerequisite for international trade.
- Exporters or merchants are required to declare their primary line of business. For instance, if their core business involves products like coffee and tea, they must register with the Tea and Coffee Promotion Board. If no specific Export Promotion Council (EPC) or regulatory authority exists for the goods being exported, this should be clearly indicated in the application.
- The applicant must secure approval or clearance from the relevant authority. If no specific promotion board or EPC oversees the product category, the exporter must seek registration from the Federation of Indian Export Organisations (FIEO). Additionally, FIEO's authorization is mandatory when there is no specialized board for the exporter’s product. This consent is essential for completing the RCMC registration process online.
Meeting these eligibility requirements ensures that exporters are in compliance with the necessary regulations and can benefit from government incentives under the Foreign Trade Policy (FTP).
