Registration Cum Membership Certificate (RCMC) is a crucial document for businesses involved in exporting goods and services from India. Issued by Export Promotion Councils (EPCs) or Commodity Boards, RCMC serves as proof that an exporter is registered with the concerned authority under the Foreign Trade Policy (FTP) of India. It is mandatory for businesses seeking benefits under various export promotion schemes by the government, such as duty drawbacks, export subsidies, and exemptions.
Importance of RCMC Registration
RCMC registration allows exporters to access government incentives, participate in international trade fairs, and benefit from policy support. It helps businesses establish credibility in the global market and ensures compliance with India’s foreign trade policies.
Who Needs RCMC Registration?
Exporters of specific commodities under respective Export Promotion Councils (EPCs) or Commodity Boards.
Businesses applying for benefits under Export Promotion Capital Goods (EPCG) Scheme, Duty-Free Import Authorization (DFIA), and other incentive programs.
Manufacturers or merchants looking to expand in international trade markets.
Process of RCMC Registration
Identify the relevant EPC or Commodity Board based on the type of goods/services exported.
Submit an application along with required documents, including Import-Export Code (IEC), GST registration, business incorporation certificate, and details of exported products.
Application review and approval by the respective EPC/Board.
Issuance of RCMC, valid for five years from the date of issue.
Having an RCMC certificate simplifies export procedures and enables businesses to leverage various government policies for global expansion. It is a vital step for exporters aiming to gain a competitive edge in the international market while ensuring compliance with India’s trade regulations.