New Delhi, July 22 -- The Directorate General of Foreign Trade (DGFT) has proposed exempting low-value export consignments from the requirement of obtaining a Registration-cum-Membership Certificate (RCMC), a move aimed at simplifying export procedures for MSMEs, artisans, start-ups and first-time exporters.

In a Trade Notice issued on July 20, the DGFT invited comments from exporters, industry associations and other stakeholders on a proposed amendment to Paragraph 2.57 of the Foreign Trade Policy (FTP) 2023. Stakeholders have been given 10 days to submit their feedback.

RCMC Exemption Proposed For Exports Up To Rs 10,000

Under the proposed amendment, exporters shipping goods with a Free on Board (FOB) value of up to Rs 10,000 will no...