RCMC Certificate Registration

RCMC (Registration as Membership Certificate) is a certificate of membership given to an export company that is registered with any member of the Indian Commodity Board or Export Promotion Council. RCMC Certificate Registration provides numerous benefits to the business. Having this certificate helps exporters a lot in getting benefits related to excise and customs duty. RCMC certificate certifies the exporter trading in products registered with any agency or authority of the government. The validity period of the certificate is five years.

Benefits of RCMC Registration:

  • Registration-cum-Membership Certificate (RCMC) is a certificate issued by export promotion councils or commodity boards in India. The main benefits of obtaining RCMC certificate are as follows.
  • Sector-specific experience: RCMC registration provides access to sector-wise councils, which provide valuable information in specific product areas. It is particularly beneficial for new exporters, providing them with the necessary product knowledge and initial guidance on export procedures and documentation.
  • Eligibility for export incentives: Exporters are allowed to avail various export incentives and benefits offered by the Government of India under the Foreign Trade Policy.
  • Access to Government Schemes: Exporters with RCMC can access schemes such as the Merchandise Exports from India Scheme (MEIS), the Service Exports from India Scheme (SEIS) and duty drawback schemes.
  • Trade Show Facilitation: Export Promotion Councils organize buyer-seller meets and exhibitions; they also share lists of inquiries and potential buyers, helping exporters explore new markets and expand their customer base.
  • Training and Workshops: Export Promotion Councils frequently organize training programs, workshops, and seminars to enhance the skills and knowledge of their members about export-related issues.

Documents required for RCMC Registration

Here is the list of documents you need for your RCMC application.

  • Self-attested copy of Import Export Code issued by DGFT.
  • Copy of Partnership Deed
  • Copy of Memorandum of Association (MOA) and Article of Association (AOA) (in case of company).
  • Company PAN card or PAN card of the proprietor
  • Copy of Trust Deed (in case of Trust)
  • Names, residential addresses, contact numbers, and other relevant details of partners/directors
  • For Manufacturing segment, copy of proof (SSI registration, SIA certification).
  • Export turnover figure of the previous year certified by Chartered Accountant. If there is no export, then Nil Certificate has to be obtained.
  • Payment of annual membership fee by demand draft or Cheque.

RCMC Certificate Registration Fee:

The registration fee for RCMC (Registration cum Membership Certificate) varies from council to council. The fee ranges from around Rs 5 to 6 thousand to Rs 50 to 60 thousand. Some councils adjust the fee based on export turnover, while others have fixed rates.
RCMC certificates can be valid for 1, 2, 3 or 5 years, the validity of RCMC is as per the Financial Year (FY), which ends on 31st March.
 

Benefits of hiring an export/import documentation consultant:

Consultants have in-depth knowledge of the documentation required for international trade, which ensures compliance with legal requirements and reduces the risk of errors.
Consultants also help you understand complex customs regulations, which can vary significantly between countries. Exim Vidya’s skilled and experienced consultants explain how proper documentation can reduce the risk of shipments being held up at borders and how potential losses can be minimized.
Hiring a consultant involves a financial investment. Evaluate the potential cost savings and efficiencies against the consultant’s fees.
Choose a consultant with a proven track record and relevant experience in your industry and target markets, which Exim Vidya specializes in.

Conclusion:

Hiring an export/import document consultant can bring significant benefits to your business, particularly in ensuring compliance and efficiency in your international trade operations. By choosing a reputable and experienced consultant at Exim Vidya, you can streamline your processes, reduce international trade risks, and potentially achieve cost savings, which will ultimately contribute to the success of your global trade activities.
 

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