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Registration Cum Membership Certificate (RCMC) or Registration Certificate (RC) is certificate is issued as a license to the company to carry out exports and avail some form of concessions under the present foreign trade policy. The RCMC certificate is issued by the Federation of Indian Export Organisations (FIEO).
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NATURE OF REGISTRATION CUM CERTIFICATE (RCMC)
Registration Cum Membership Certificate (RCMC) or Registration Certificate (RC) is certificate is issued as a license to the company to carry out exports and avail some form of concessions under the present foreign trade policy. The RCMC certificate is issued by the Federation of Indian Export Organisations (FIEO).
Apart from this the certificate is issued by the Export Promotion Council of India (EPC). Community boards also have authority over issuing this certificate. One of the main aims of providing this form of certificate is to promote the business of exports from India. Apart from this, securing such a certification would have authenticity when dealing with public transactions.
There are 26 Export promotion councils and nine commodities boards in India. Export Promotional Councils (EPC) and Commodities board in India are the authorities for issuing the RCMC.
Each of the Export Promotion Councils and commodities boards in India categorizes itself according to the Type of products.
- In case an export product is not covered by any Export Promotion Council/Commodity Board etc., RCMC in respect thereof is to be obtained from FIFO.
- Further, in case of multi-product is yet to be settled, the exporter has an option to obtain RCMC from the Federation of Indian Exporters Organization (FIEO).
- Regarding multi-product exporters having their head office/registered office in the North Eastern States, RCMC may be obtained from Shellac & Forest Products Export Promotion Council (except for the products looked after by APEDA, Spices Board, and Tea Board).
- In respect of exporters of handicrafts and handloom products from the State of Jammu & Kashmir, the Director, Handicrafts, Government of Jammu & Kashmir, is authorized to issue Registration Cum Membership Certificate (RCMC
TYPE OF MEMBERSHIP FOR RCMC REGISTRATION UNDER FIEO
There are two types of membership for RCMC Registration under FIEO:-
- Ordinary Membership- From the name it implies that the membership is just the basic membership. This form of membership would be for an organisation that has just entered into the business of the export and import.
- Associate Membership- The associate membership is for entities that have already been in the business of export and import over a period of time. The charges levied for associate membership is more based on the fee plus a nominal rate of GST.
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BENEFITS OF RCMC REGISTRATION
- Foreign Trade Policy- An Exporter that opts for RCMC registration would secure some of the benefits offered under the foreign trade policy of the country. Apart from this, different form of updates would be provided to the exporter on the foreign trade policy.
- Promotion of Exports- In India, export promotion is crucial. To engage the development of different sectors, it is important to promote exports in the country. Securing this registration would directly promote exports on an international level. One of the advantages of securing this registration is securing international expansion policies related to the exports in the country.
- Availing Different Schemes- Through such registration the exporting firm or company can avail different form of schemes under the FIEO. This would not be possible for any unregistered firms or businesses.
- Compliance with Government- An entity or company that secures this registration would be compliant with the rules and byelaws of the government.
- Updates from FIEO- Apart from getting different form of concessions from the FIEO, also updates regarding the foreign trade policy in India would be provided. An individual who wants to secure different benefits from the FIEO but does not want the RCMC certificate can still register as an individual exporter.
DOCUMENT REQUIRED FOR RCMC REGISTRATION
The following are the required documents that have to be enclosed along with the application form.
- IEC number that is issued by the concerned regional licensing authority.
- The competent authority grants a permanent Account Number (PAN).
- Company’s MOA (For Corporate/ institutional/ Private Limited/ Limited company).
- Self-certified copy of the company’s Partnership Deed (For Partnership company and Individual Ordinary).
- Trust’s Deed (For Trusts/ institutional/ Corporate).
- The certificate issued by the Registrar of Companies concerning the company’s registered office change.
- The last three years’ Services Export Data (Foreign Exchange Earnings) has to be certified by the company’s Chartered Accountant.
- Board Resolution or Power of Attorney issued in favor of signing authority if the name of the signing authority is not mentioned in the IEC/ MOA/ Partnership Deed/ Trust Deed of the company/ firm/ Trust.
- GST registration certificate
FAQs FOR RCMC
Q1. What is RCMC registration?
Registration-Cum-Membership Certificate (RCMC) is a certificate that validates an exporter dealing with products registered with an agency/ organization that are authorised by the Indian Government.
Q2. Is RCMC mandatory for export?
According to the Foreign Trade Policy, a Registration-cum-Membership Certificate (RCMC) is required for exporters in order to avail benefits under the policy. Holding the certificate can also help exporters in availing benefits with respect to Customs and Excise.
Q3. What is the cost of RCMC?
The RCMC can be obtained either as a ‘Merchant Exporter’, ‘Manufacturer Exporter’ or ‘Merchant-cum-Manufacturer Exporters’ as per documents submitted. Annual Subscription amount is Rs. 5000/-+ 18% GST = (total Rs. 5900/-)
Q4. What is the benefit of RCMC certificate?
RCMC or Registration-cum-Membership Certification (RCMC) is mandatory for Claiming certain export benefits and subsidies under schemes like Advance License, EPCG, etc. RCMC is required to obtain a Letter of Undertaking (LUT) under GST for the export of goods without payment of duty.
Q5. What is a RCMC certificate?
RCMC is a certificate that validates that an exporter has registered with a certain Export promotion Council (EPC) and is exporting products from India. Here’s a guide to understand what is RCMC and how to apply for it online.
Q6. Is RCMC and APEDA same?
The APEDA is focused on developing the Import and export. It requires RCMC registration, now Learn more on how to register it. The Agricultural and Processed Food Products Export Development Authority is known as APEDA.