Most often, registering your business under the various authorities has its perks and advantages. The same can be said about obtaining the Registration Cum Membership Certificate (RCMC). The RCMC is a certificate that authenticates an exporter who deals with products registered with an agency or authority of the government. The certificate has a validity period of five years.
The RCMC is granted by an Export Promotion Council (EPC)/Commodity Board/Development Authority or any other competent authority prescribed under the Foreign Trade Policy. Under the Foreign Trade Policy of India, exporters are required to register with EPC citing their main line of business.
The certificates are issued to the exporters and importers by Registering Authorities. They include Export Promotion Councils (EPCs), Commodity Boards and Export Development Authorities. These bodies are authorised to act as Registering Authorities by the DGFT (Director General of Foreign Trade).
There are currently 35 organisations that act as Registering Authorities. They comprise of:-
The main aim of these bodies is to promote and enhance the development of Indian exports. They are divided into different sectors, each one responsible for a particular group of products.
ESC is an Export Promotion Council that aims at promoting and developing electronic equipment and computer software and IT Enabled Services related exports.
|Electronics Hardware||Computer Software||IT Enabled Services|
|Consumer Electronics||Customised Software Development||Knowledge Process Outsourcing|
|Medical and Office Equipment||Software Products||Business Process Outsourcing|
|Electronic Components and Subcomponents||Research Process Outsourcing|
|Computer Hardware and Peripherals||Legal Process Outsourcing|
The Foreign Trade Policy of India mandates that the RCMC is necessary to avail the following benefits:-
Form ANF – 2C is the application form that needs to be filled in and submitted with the ESC. It will comprise of the following details:-
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