Government Eases RCMC Requirement for Export Consignments up to Rs.3 Lakh

India, Sept. 16 -- The Government of India has issued a release:

The Government has introduced a de minimis exemption from the requirement of Registration-cum-Membership Certificate (RCMC) or Certificate of Registration for small-value export consignments up to Rs.3 lakh. The measure is aimed at reducing the compliance burden for new and small exporters and facilitating exports through Postal, Courier and other emerging channels.

The Directorate General of Foreign Trade (DGFT) has amended Para 2.57 of the Foreign Trade Policy, 2023 to provide that RCMC or Certificate of Registration will not be required for export consignments having a Free-on-Board (FOB) value of up to Rs.3 lakh, wherever such certificate is otherwise required under the ...