Why do you require RCM License? What are its significance and application? How do you get it? Find all relevant information and solutions.
A Registration-Cum-Membership Enrollment verifies an exporter who deals in goods that have been registered with a body that the Indian Government has authorised.
As stated above, an exporter seeking an Registration Cum Membership must submit a Form ANF 2C application to the relevant Export Promotional Council (EPC) and identify his principal line of business. By means of this Trade Notice, DGFT informed all exporters and importers that a new Common Digital Platform (DGFT e-registration module) for the issuance of the certificate has been developed.
In India, there are nine commodity boards and 26 export promotion councils. In India, the RCM License is issued by the Commodities Board and Export Promotional Councils (EPC).
Learn about How to Get RCMC Certificate Online.
The Export Promotion Council and Commodity Board are entities identified by the Central Government and tasked with promoting our export volume. They perform the following export promotional strategies:
- Organising trade shows in India and abroad, organising buyer-seller meetings, and having to pass live queries and tender documents from foreign customers to domestic export markets
- Result of contacting new exporters and business owners through all export-related processes and supporting documents, as well as inspiring them to begin export earnings by providing knowledge of the product
- Current exporters can get advice and assistance if their payouts are locked or have other problems
- They act as a liaison between exporters and governments
- They update exporters on all policies and alerts about the DGFT, Customs, Ministry of Shipping, RBI, etc.
A basic overview of what it is, provides is necessary to understand the full range of benefits that come with it and how to apply for one. This article will cover what it is, how it’s issued, and how you can use yours to be more involved in your community and make your voice heard by government officials.
Importance of Enrolment
- When trying to claim export subsidies and incentives through schemes such as MEIS, RoSCTL, RoDTEP, SEIS, Advance License, EPCG, and others. One of its required documents is this license.
- To obtain a Document of Undertaking (LUT) under GST for the duty-free export of goods.
- Merchant Exporters could buy goods for export from manufacturers at 0.1 percent GST rather than the usual GST rate. Only merchant exporters with this registration have access to this option.
Benefits of Registration
- You can apply for export benefits if you register with the Registration Cum Membership.
- You can use it to carry out focused product research.
- Aids in creating connections on a global scale.
- It gives you access to the benefits of the global community.
- The Export Promotion Council of India claims that there are particular benefits.
- Options for international markets.
Enrolment Process
When you start your business, you need to register it with government agencies, and they’ll give you what’s called a registration license. After getting your registration, you need to fill out an application for membership in one or more professional bodies. The procedure varies in every country, but it includes these steps:
1) Fill out the relevant forms. You will typically be asked for contact information such as an address, phone number, fax number, email address, etc., and information about your company such as company name, company identification number, etc
2) Complete any payments that are due
3) Pay the fee for processing the registration form
4) Submit copies of all documents about your company (for example, Articles of Association)
5) Submit copies of all documents about yourself (for example, Passport/National ID card).
Eligibility
To be eligible for an the membership certificate, an individual or organization must be engaged in the export of marine products and meet the specific requirements set by MPEDA. This typically includes having proper facilities and equipment for processing and packaging marine products, as well as meeting certain health and safety standards. Additionally, the applicant must be registered with the relevant government agency, such as the Registrar of Companies.
Registration Process
- Fill out the membership certificate application form, which can be obtained from the MPEDA website or office.
- Submit the completed application form along with the required documents, such as proof of registration with the Registrar of Companies, FSSAI Licence, GST registration, and PAN Card.
- Inspection of the processing unit and facilities by the MPEDA Officials.
- Once the inspection is completed, the MPEDA will issue an inspection report.
- If the inspection report is favorable, the MPEDA will issue an certificate, which is valid for one year.
- After the certificate is issued, the exporter can apply for the export registration license from the Directorate General of Foreign Trade (DGFT)
- After obtaining the Export registration license, the exporter can start exporting marine products.
- Renewal of membership certificate is necessary before the expiry date.
The above process is subject to change as per the MPEDA’s rules and regulations and the applicant must check the current requirement.
Conclusion
It is a document stating that you have applied for and been accepted as a member of a particular association. It is often issued by certain organisations so that you can use it to prove your membership in that organisation legally, should anyone ever question it. You may not need your registration cum membership license once you’ve joined an organisation, but having one handy can save you some trouble if an issue arises regarding your status with that group.
Getting a registration cum membership License may be particularly helpful if you were never given one after joining or paying dues or if your current copy has become damaged or lost over time. This process will help ensure compliance with any regulations by groups such as trade associations, universities, or professional bodies.
Read More:
