Govt waives RCMC requirement for exports up to ₹3 lakh

The Indian government has exempted export consignments valued up to ₹3 lakh from the requirement to obtain a Registration-cum-Membership Certificate.

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“Exporters' ability to bear compliance costs is better measured by annual export turnover than by the value of an individual shipment.”
[1]Mint· 16 Sept· opens on the quote
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…among smaller businesses by reducing the initial compliance barrier. Over time, exporters that expand beyond the exemption threshold would enter the existing institutional framework of EPCs and Commodity Boards. " Exporters' ability to bear compliance costs is better measured by annual export turnover than by the value of an individual shipment. We reiterate our recommendation for an exemption covering exporters with annual exports up to ₹50 lakh, administered automatically through IEC and PAN-linked systems. More fundamentally, access to government export…

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All filed from IndiaNamed India · Directorate General of Foreign Trade · India SME Forum · Ministry of Commerce and Industry · Vinod Kumar