The certificate of registration and membership of RCMC is granted by an Export Promotion Council/ Commodity Board/ Development Authority or other competent authority as prescribed by Foreign Trade Policy to an exporting unit. It is a non- profit organization registered under the Indian companies Act, Export Promotion Councils or EPC for the promotion of various goods exported from India. RCMC is compulsory for any person, applying for a licence/ authorization/certificate/permission to import/ export or any other benefit or concession under Foreign Trade Policy. It is also required for executing a bond before Central Excise authorities, which exempts exporters to furnish bank guarantees. So, it is important to obtain a RCMC registration from EPC for all the exporters.
There are various export promotion councils in India functioning under the control of the Ministry of Commerce, Government of India. Every export product will be related to any one of these councils and EPC To promote and develop the exports of particular group of products, projects and services. For certain group of products, which are sensitive from the viewpoint of national consumption, there are commodity boards instead. The RCMC certificate is valid from 1st April of the licensing year in which it was issued and shall be valid for five years ending 31st March of the licensing year, unless otherwise specified.
These councils are providing good services to help the exporters for any kind of export businesses related issues like identification of the market for your product, collecting of importers addresses, guiding to fix the export prices and so on. Becoming a member and getting RCMC will help you in many ways in your business.
The Following are some important Councils:
- APEDA Agricultural and Processed Food Products Export Development Authority.
- AEPC Apparel Export Promotion Council
- CSB Central Silk Board
- CHEMEXCIL Chemicals Pharmaceuticals & Cosmetics Export Promotion Council.
- CEPC Carpet Export Promotion Council
- CEPCI Cashew Export Promotion Council of India.
- CAPEXIL Chemical & Allied Products Export Promotion Council.
- TEXPROCIL Cotton Textile Export Promotion Council.
- CLE Council for Leather Export
- DCI & S Development Commissioner for Iron Steel.
- ESC Electronic & Computer Software Export Promotion Council.
- EEPC Engineering Export Promotion Council
- EPCH Export Promotion Council for Handicraft.
- GJEPC Gems & Jewellery Export Promotion Council
- HEPC Handloom Export Promotion Council
- HHEC Handicrafts & Handloom Export Corporation.
- ISEPC Indian Silk Export Promotion Council.
- MPEDA Marine Products Exports Development Authority
- PDEXCIL Power loom Development and Export Promotion Council.
- SGEPC Sports Goods Export Promotion Council
- WWEPC Wool & Woollens Export Promotion Council
- Tobacco Board , Coffee Board, Coir Board, Spices Board, Rubber Board