New Delhi, July 21 -- The Directorate General of Foreign Trade (DGFT) has proposed exempting export consignments valued up to Rs 10,000 from the requirement of obtaining a Registration-cum-Membership Certificate (RCMC), in a move aimed at encouraging small-value exports and easing compliance.

In a trade notice issued on July 20, the DGFT invited comments from exporters, industry bodies and other stakeholders within 10 days on the proposed amendment to the Foreign Trade Policy 2023.

The proposal introduces a 'de minimis' exemption for shipments with a free-on-board (FOB) value of up to Rs 10,000, particularly targeting exports through postal, courier and emerging e-commerce channels.

Relief for Small Exporters

The move is expected to b...