Explore all the details you need about RCMC Registration, tailored for your needs.
The RCMC (Registration Cum Membership Certificate) is an essential authorization document for importing or exporting restricted products as per the Foreign Trade Policy (FTP). Issued by Export Promotion Councils (EPCs), Commodity Boards, or Export Development Authorities under the Director General of Foreign Trade (DGFT), this certificate ensures compliance with trade regulations.
RCMC serves as proof of membership or registration of an exporter with a specific EPC, Commodity Board, or Export Development Authority. It is a mandatory requirement to avail of concessions and benefits provided under the FTP for importing or exporting restricted goods.
Solocorp Verifocus Legal LLP offers professional assistance for obtaining RCMC registration online, providing end-to-end support with its years of experience in handling such registrations.
RCMC stands for Registration-Cum-Membership Certificate, which is a vital document for exporters. It validates an exporter dealing with products registered with an agency or organization authorized by the Indian Government. This certificate serves as proof that the exporter is registered with the authorized agency or organization.
RCMC registration online serves several important purposes for exporters dealing with restricted products under the Foreign Trade Policy (FTP).
RCMC registration is essential for exporters and merchants involved in importing and exporting goods. Applicants must meet specific criteria, including business verification and authorization from relevant boards or authorities.
Before applying for RCMC registration, the exporter or merchandiser must ensure their business is involved in imports and exports. They must also provide proof of applying for an Import Export Code (IEC) regulated by the DGFT (Director General of Foreign Trade).
Exporters or merchants must specify their primary business line in the declaration. For example, if dealing with coffee and tea products, they need to consult the Tea and Coffee Promotion Board. If no export promotion board or regulatory agency exists for their commodities, this must be mentioned.
Applicants must obtain board permission or clearance from FIEO. If no specialized board is available for a product, approval from FIEO is mandatory for RCMC registration.
RCMC is a mandatory requirement for availing export promotion schemes and benefits such as Duty Drawback, Merchandise Export from India Scheme (MEIS), and Market Access Initiative (MAI).
RCMC makes it easier for exporters to import or export restricted goods as it validates the authenticity of both the exporter and their products.
RCMC reduces the time and effort required for customs clearance by proving the exporter's membership with a recognized authority and compliance with government regulations.
RCMC enhances the credibility of the exporter by serving as a testament to their compliance with government regulations and standards.
RCMC enables exporters to stay updated with the latest market information and developments through export promotion activities and programs organized by Export Promotion Councils and Commodity Boards.
The Registering Authorities responsible for issuing the RCMC Certificate are empowered by the DGFT. These authorities include the Export Promotion Councils, Commodity Boards, and Export Development Authority. Their primary function is to promote and develop the Indian export industry, with each authority being responsible for promoting a particular group of products.
There are 27 Export Promotion Councils authorized to issue the RCMC certificate, each specializing in different sectors of exports.
6 Commodity Boards are responsible for issuing the RCMC certificate for specific products they manage and promote.
2 Development Authorities are authorized by the DGFT to issue the RCMC certificate, focusing on the overall export growth and development.
A total of 35 organizations, including the above authorities, are currently authorized by the DGFT to issue the RCMC certificate.
The online RCMC application process is available for various types of exporters and importers.
This type of membership is suitable for businesses new to the export and import industry and looking for basic membership.
This membership is for entities involved in the export and import trade for a significant period and has an established business. The fee for associate membership is higher than ordinary membership and includes a small amount of GST.
This membership is for companies with a significant share in India's total exports and substantially contributed to India's international trade.
This membership is for companies that have demonstrated consistent export growth and earned significant foreign exchange.
This membership is for companies engaged in import and export activities with an annual turnover of at least INR 100 crores.
Compliance with the RCMC Certificate is mandatory for exporters who wish to participate in various government schemes and programs related to exports. Some of the important compliance requirements related to RCMC are as follows:
The RCMC is valid for five years, after which it needs to be renewed. Failure to renew the RCMC can result in non-compliance.
Exporters must adhere to the export-import policy guidelines and conditions related to the RCMC issued by the DGFT.
Exporters must submit their annual export data to the DGFT as required. Failure to do so can result in the suspension or cancellation of the RCMC.
Exporters must comply with the customs regulations and procedures related to the export of goods. Non-compliance can result in penalties and other legal actions.
Exporters must comply with the various foreign trade regulations related to the export of goods, such as compliance with export control regulations, sanctions, and embargoes.
Exporters must adhere to the quality standards specified by the importing country for exporting goods.
Exporters must maintain records related to their export transactions and comply with the record-keeping requirements of the DGFT.
The DGFT has recently launched the e-RCMC module as part of its IT revamp project. This module is a common digital platform designed to provide exporters, importers, and issuing agencies with single-point access for RCMC/RC-related processes, including new/modified/renewal RCMC/RC applications. The primary aim of this platform is to offer an electronic, contactless single window for RCMC/RC-related processes, making obtaining RCMC certificates simpler and more efficient.
At Solocorp Verifocus Legal LLP, we can assist in filing the RCMC application online through the DGFT's e-RCMC module. We can ensure that the application is filed correctly and that the applicant receives the RCMC certificate as soon as possible.
Solocorp Verifocus Legal LLP can provide reliable and efficient assistance to businesses seeking their RCMC registration. Our experience, expertise, and dedication to client satisfaction make us a good choice for businesses seeking RCMC registration online services.
Our experts will guide you through the RCMC registration process, ensuring you understand your obligations and how to comply with them efficiently.
We assist you in gathering all the necessary documents and information required for a smooth RCMC registration process.
Our team will prepare your RCMC registration application with accurate details and required documentation.
We will submit your application to the relevant authorities, ensuring a hassle-free process.
Our experts will handle any queries or follow-up requests from the authorities on your behalf, ensuring quick resolution.
Our RCMC registration fees are affordable, offering high-quality service with expert consultation and timely filing.
Once approved, your RCMC registration will be issued, allowing you to participate in government schemes and programs related to exports.