RCMC Registration

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RCMC Registration

The Registration Cum Membership Certificate (RCMC) is an essential document for businesses looking to import or export goods that fall under the restricted category as outlined by India’s Foreign Trade Policy (FTP). Issued by designated Export Promotion Councils (EPCs), Commodity Boards, and Export Development Authorities under the Directorate General of Foreign Trade (DGFT), the RCMC certifies that a business is authorized to engage in the trade of specific restricted products.

In addition to serving as proof of registration or membership with an EPC or commodity board, the RCMC is crucial for businesses seeking to avail themselves of various concessions and benefits offered under the FTP, making it a key document in international trade.

At Allycon, we specialize in assisting businesses in obtaining their RCMC swiftly and seamlessly. With years of expertise, we provide end-to-end support, ensuring that your registration is handled efficiently, leaving you free to focus on expanding your business.

Registration-Cum-Membership Certificate (RCMC)

The RCMC is a government-issued certificate that validates an exporter’s dealings in restricted products. It is granted by organizations such as Export Promotion Councils or Commodity Boards that are recognized by the Indian government. The certificate not only certifies the exporter’s registration but also serves as a gateway to government schemes and trade-related benefits.

Why RCMC Registration?

RCMC registration is necessary for several key reasons:

  1. Authorization for Restricted Goods: It is mandatory for businesses dealing in restricted goods, allowing them to legally import and export these items as per the Foreign Trade Policy.

  2. Membership Proof: It serves as official proof of an exporter’s registration with relevant boards, councils, or authorities, essential for regulatory compliance.

  3. Access to Concessions: Exporters can take advantage of various concessions and benefits offered under the FTP, including duty rebates and export incentives.

Eligibility for RCMC Registration Online

To be eligible for RCMC registration, businesses must meet specific conditions:

  1. Exporter or Merchandiser: The applicant should be involved in importing or exporting goods, with a valid Import Export Code (IEC) issued by the DGFT.

  2. Business Declaration: The primary line of business must be clearly declared. For example, if you export coffee or tea, you must register with the appropriate boards, like the Tea and Coffee Promotion Board. If your products do not fall under any specific board, you may need to apply through the Federation of Indian Exporters Organization (FIEO).

  3. FIEO Consent: If no Export Promotion Council or commodity board exists for a product, the applicant must seek approval from FIEO for RCMC registration.

Benefits of RCMC

Obtaining an RCMC provides a host of advantages to exporters, such as:

  1. Eligibility for Export Promotion Schemes: RCMC registration is mandatory for participating in government-backed export promotion schemes like Duty Drawback, Merchandise Export from India Scheme (MEIS), and Market Access Initiative (MAI).

  2. Simplified Import-Export Process: It facilitates the import and export of restricted goods by establishing the authenticity of both the exporter and their products.

  3. Faster Customs Clearance: Holding an RCMC significantly speeds up the customs clearance process, as it serves as a mark of compliance with government regulations.

  4. Enhanced Credibility: The RCMC demonstrates an exporter’s adherence to regulatory standards, enhancing their credibility in the global marketplace.

  5. Access to Market Intelligence: Through Export Promotion Councils and Commodity Boards, exporters gain access to the latest market trends, updates, and promotional activities that can give them a competitive edge.

RCMC Registering Authorities

Authorized by the DGFT, multiple organizations across India are responsible for issuing RCMC certificates. These include:

  • Export Promotion Councils: Responsible for promoting specific product categories (e.g., the Agricultural and Processed Food Products Export Development Authority, Apparel Export Promotion Council).
  • Commodity Boards: These boards manage specific commodities, such as the Tea Board or Spices Board of India.
  • Development Authorities: Focused on promoting specific industries like the Electronics Industries Development of India (ELCID).

If your product is not covered by any specific council or board, you can register with FIEO. Multi-product exporters and those from regions like Jammu & Kashmir can also obtain their RCMC from designated authorities.

Validity and Documents Required for RCMC

An RCMC is valid for five years, starting from April 1st of the issuance year. To apply, the following documents are required:

  • Valid Import Export Code (IEC) issued by DGFT
  • PAN card of the company
  • Memorandum of Association (MOA) or Partnership Deed
  • Certificate of registered office changes (if applicable)
  • Annual foreign exchange earnings (verified by a Chartered Accountant)
  • Board resolution or Power of Attorney for signing authority
  • GST registration certificate

Types of Membership Covered under RCMC

Exporters can apply for different types of membership based on their business size and trade activity:

  1. Ordinary Membership: Ideal for new businesses entering the export-import industry.
  2. Associate Membership: Suitable for established businesses with consistent trade activity.
  3. Premier Trading House (PTH): Aimed at companies with significant export volumes.
  4. Star Export House (SEH): For businesses with proven export growth.
  5. Trading House (TH): For companies with an annual turnover exceeding INR 100 crores.

RCMC Compliance and Renewal

Exporters must ensure compliance with RCMC regulations to continue participating in government export schemes:

  • Timely Renewal: RCMC must be renewed every five years. Failure to renew can lead to non-compliance penalties.
  • Export Data Submission: Exporters must submit their annual export data to the DGFT.
  • Adherence to Customs and Trade Policies: Businesses must comply with customs procedures, trade embargoes, and quality standards required by importing countries.

Simplified RCMC Registration Process with Allycon

At Allycon, we assist businesses in navigating the complexities of RCMC registration using the DGFT’s e-RCMC digital platform. This streamlined, contactless system makes the process faster and more efficient. We handle the entire procedure, ensuring that all your documents are in order and that you receive your certificate in a timely manner.

With Allycon’s professional services, you can ensure that your RCMC registration is processed smoothly, keeping your business compliant and ready for global trade.

Related Business Registrations

In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.