What is RCMC Registration?
Registration-Cum-Membership Certificate (RCMC) is required to be obtained by such firm or company which applies for import or export license and besides this avail concession or benefit under Foreign Trade Policybut this certificate is not required to be obtained by those for which it is specifically exempted under the Export Import Policy. RCMC is issued by the competent government authority.
WHICH ARE THE COMPETANT GOVERNMENT AUTHORITIES FOR RCMC?
- RCMC can be obtained by an exporter from Federation of Indian Exporters Organizations (FIEO) or a relevant Export Promotion Council (EPC).
- RCMC can be obtained by a status holder from Federation of Indian Exporters Organizations (FIEO).
- RCMC may be obtained If export product is not covered by any EPC.
- RCMC shall also be obtained by exporters of forest produce and value added products from Shellac and Forest Products Export Promotion Council (SHEFEXIL).
- It is required for Software exporters to register themselves with Electronic and Computer Software EPC (ESC).
- It is required for exporters of 14 listed services to register with Services EPC whereas other service exporters are required to register with FIEO.
HOW RCMC APPLICATION WILL BE FILED?
To become a member of EPC, an exporter has to file an application in the prescribed format. Thereafter RCMC is granted of the concerned EPC after admitting to the membership.
To get registered as manufacturerexporter, an exporter requires to give evidence to that effect. To become associate members of EPC, prospective or potential exporters may also file an application.
For above mentioned purpose an application is required to be filed in a specified format along with the following necessary documents:
(a) Application form where the details of the product are specified for Registration-cum-Membership is required.
(b) Certified copy of the import Export Code (IEC) issued by the concerned licensing authorities.
(c) Copy of bank certificate, for verifying applicant's financial soundness.
(d) Where registration is sought as Manufacturer Exporter,SSI/IEM certificate.
(e) A declaration in relation to the effect on exports and imports in preceding financial year.
(f) In case of Companies, copy of Memorandum and Articles of Association whereas partnership deed in case of partnership firms.
WHAT WILL BE THE VALIDITY?
The validity of RCMC shall be as follows:
From 1st April of the licensing year (Year of Issue)to the next 5 years ending 31st March of the licensing year, unless specified.
WHAT ARE THE RULES REGARDING INTIMATION IN CASE OF CHANGE IN CONSTITUTION?
In case of following changes in the RCMC holder such as:
- ownership or address.
Then it is obligatory for the RCMC holder to intimate about such change within a period of one month to the authority from the date of the occurrence of such changes.
Where there is a genuine reason for delay, registering authority may condone delay on submission of necessary evidence by the exporters.
WHAT ARE THE REPORTS REQUIRED TO BE FURNISHED?
It is required to furnish quarterly returns and details of exports to the concerned EPC by the exporters. However, in specified formatsquarterly returns can be submitted to the FIEO by the status holder.
WHAT ARE THE PROVISIONS REGARDING DE-REGISTRATION?
In case of violation ofregistration conditions, registering authority has powers to de-register RCMC holder. However, a show cause notice shall be served to RCMC holderand reasonable opportunity shall be given to make representation against the proposed de-registration.
HOW TO APPEAL AGAINST DE-REGISTRATION?
From de-registration, within a period of 45 days appeal can be made against de-registration by an aggrieved party to DGFT or other designated agency and their decision shall be considered final.