What is an Import Export License?
RCMC registration stands for Registration-cum-Membership Certificate registration. It is a certification required by Indian exporters to be recognized as members of Export Promotion Councils (EPCs) or Commodity Boards. RCMC registration is obtained from the relevant EPC or Commodity Board representing the specific product category or industry of the exporter. RCMC registration is an essential requirement for exporters seeking to avail themselves of government incentives and support for their export activities.
Advantages of RCMC Registration
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Access to perks and programs for export promotion:
To be eligible for export promotion schemes and incentives like Duty Drawback, Merchandise Export from India Scheme (MEIS), and Market Access Initiative (MAI), one must meet the requirements of RCMC. -
Enabling import and export operations:
As the certificate verifies the exporter's and the products' legitimacy, RCMC facilitates the import or export of prohibited commodities for exporters. -
Increases authority:
The exporter's trustworthiness is increased by RCMC, as it serves as evidence of their adherence to official guidelines and requirements. -
Information about the market is accessible:
RCMC allows exporters to stay up to speed with the latest market knowledge and trends through export promotion events and programs offered by Export Promotion Councils and Commodity Boards. -
Simpler passing through customs:
RCMC attests to the exporter's conformity with government requirements and membership in a recognized body; it expedites the time and effort needed for customs clearance.
Process of RCMC Registration
- The process for registering an RCMC is through the DGFT Common Digital Platform. As part of its initiative to update its IT, the DGFT has introduced the e-RCMC module. In order to give exporters, importers, and issuing agencies a single point of access for all RCMC/RC-related procedures—including the creation, modification, and renewal of RCMC/RC applications— this module is a common digital platform. Offering an electronic, contactless single window for RCMC/RC-related procedures is the main goal of this platform, which will also make the process of getting RCMC certificates more straightforward and effective.
- The DGFT's e-RCMC module allows you to submit the RCMC application online. IndiaFilings may help. It is our guarantee that the application will be submitted accurately and that the applicant will have the RCMC certificate as quickly as feasible.
Required Documents for RCMC Registration
- 1. A number assigned by the regional licensing body to an IEC.
- 2. A PAN (Permanent Account Number) issued by the appropriate authority.
- 3. The Memorandum of Association (MOA) pertains to limited, corporate, institutional, and private limited businesses.
- 4. For individuals and partnership companies, a self-certified copy of the partnership deed.
- 5. The trust agreement for corporate, institutional, or trust entities.
- 6. A document confirming the company's new registered office from the Registrar of Companies.
- 7. The company's chartered accountant has submitted certified data on the foreign exchange earnings for the last three years.
- 8. If the signing authority's name is absent from the IEC, MOA, partnership deed, or trust deed of the company, firm, or trust, a board resolution or power of attorney issued in their favor.
- 9. A certificate of GST registration.
Criteria for Online RCMC Registration
- Merchandiser (merchant) or exporter
- Main Line Declaration for Business
- Approval from the FIEO Board