New Delhi, Sept. 17 -- The Centre on Wednesday eased compliance for small-value exports by exempting consignments worth up to Rs.3 lakh from obtaining a registration-cum-membership certificate (RCMC) or certificate of registration under the Foreign Trade Policy. The Directorate General of Foreign Trade (DGFT) has amended Para 2.57 of the Foreign Trade Policy, 2023, to introduce a de minimis exemption to reduce the compliance burden for micro, small, and medium enterprises (MSMEs), artisans, first-time exporters, and businesses using e-commerce and other emerging export channels, according to official press statement. Under the amended provision, exporters will not need an RCMC or certificate of registration for consignments with a free-on-board (FOB) value of up to Rs.3 lakh. For consignments exceeding Rs.3 lakh, the existing requirement will continue wherever applicable under the Foreign Trade Policy. The move comes against the backdrop of a large number of low-value export transactions accounting for a relatively small share of India's overall merchandise exports. Data for the five years from 2021-22 to 2025-26 shows that consignments valued at up to $3,000 accounted for 43% of shipping bills but only 0.86% of the country's total merchandise export value. The exemption is expected to cover a substantial number of small-value export transactions while having only a marginal impact on the overall value of exports. At present, exporters are generally required to obtain an RCMC or certificate of registration from the relevant Export Promotion Council or Commodity Board, wherever applicable. fore undertaking exports....