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Export Schemes & ObligationsService Areas : DGFT / ZJDGFT / JDGFT
We provide Advice and Assistance in all Export realated schemes and obligations
New Import Export Code
Import Export (IE) Code is a registration required for persons importing or exporting goods and services from India. IE Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. IE Codes when issued can be used by the entity throughout its existence and doesn't require any renewal or filing. Therefore, it is recommended for most organizations to obtain IE Code, irrespective of if they need it at the moment
Only one IEC would be issued against a single PAN number. Any proprietor can have only one IEC number and in case there are more than one IECs allotted to a proprietor, the same may be surrendered to the Regional Office for cancellation.
Registration Cum Membership Certificate (RCMC)
Registration Cum Membership Certificate (RCMC) is issued by Export Promotion Councils/Commodity board/Development authority or other competent authority as prescribed in FTP or HBP Vol1. RCMC (Registration Cum Membership Certificate) is a membership certificate issued for 5 years by Export Promotional Councils or commodity board of India
Any firm applying for an Authorisation to import/export or avail any other benefits/concession under FTP is required to furnish valid RCMC.
The current procedure for furnishing RCMC information is manual. IEC holder submits the RCMC certificate in physical form to concerned Regional authority. RCMC details are keyed in into DGFT IEC database.
As a part of G2G message exchange initiative, it is now decided to exchange RCMC information electronically through EDI with Export Promotion Councils (EPC). This will provide accurate and updated information about RCMC and also reduce the hardship to trade as the furnishing of the physical copy of RCMC will be dispensed with.
EOU/EHTP/STP & BTP SCHEMES
Units undertaking to export their entire production of goods and services may be set up under this scheme for import/ procurement domestically without payment of duties. For details of the scheme and benefits available therein FTP may be required.
Export Obligation Fulfilment/Redemption Certification
Export Obligation (EO)
Following conditions shall apply to the fulfilment of EO:-
EO shall be fulfilled by the authorisation holder through export of goods which are manufactured by him or his supporting manufacturer / services rendered by him, for which the EPCG authorisation has been granted.
EO under the scheme shall be, over and above, the average level of exports achieved by the applicant in the preceding three licensing years for the same and similar products within the overall EO period including extended period, if any.
In case of indigenous sourcing of Capital Goods, specific EO shall be 25% less than the EO stipulated.
Shipments under Advance Authorisation, DFIA, Drawback scheme or reward schemes under Chapter 3 of FTP; would also count for fulfillment of EO under EPCG Scheme.
Export shall be physical export. However, supplies as specified in FTP
Royalty payments received by the Authorisation holder in freely convertible currency and foreign exchange received for R&D services shall also be counted for discharge under EPCG.
Payment received in rupee terms for such Services as notified in Appendix 5D shall also be counted towards discharge of export obligation under the EPCG scheme.
Export Obligation Period and its Extension
Period for fulfilment of export obligation and its extension under Advance Authorisation shall be as prescribed in Handbook of Procedures.