{"id":29235,"date":"2021-04-21T12:56:30","date_gmt":"2021-04-21T07:26:30","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=29235"},"modified":"2021-05-13T15:24:07","modified_gmt":"2021-05-13T09:54:07","slug":"import-concerning-iec-with-rcmc","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/import-concerning-iec-with-rcmc\/","title":{"rendered":"The Requirement for Import Concerning IEC with RCMC"},"content":{"rendered":"\n<p class=\"has-drop-cap\">If\nyou are planning on importing the products into India then you must be having\nan idea about the RCMC, it stands for Registration-cum-Membership Certificate.\nA Registration Cum Membership Certificate (RCMC) is a certificate that is\nissued by the Federation of Indian Export Organizations (FIEO) and the Export\nPromotion Councils&nbsp;(EPC) or the Commodity Boards \u2013 these are the primary\norganizations and agencies that work for the development and promotion of&nbsp;export businesses&nbsp;and they are so\nauthorized by the Government of India.<\/p>\n\n\n\n<p>A question that revolves around most of the people who are involved in the shipping industry is whether the RCMC is mandatory for the requirement of import. Hence, in this article we will know more about the requirement of Import concerning  <a href=\"https:\/\/corpbiz.io\/iec-registration\"><strong>Import Export Code<\/strong><\/a> with RCMC.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/import-concerning-iec-with-rcmc\/#Why_is_RCMC_Required\" >Why is RCMC Required?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/import-concerning-iec-with-rcmc\/#Are_both_the_IEC_RCMC_is_required_for_Importing\" >Are both the IEC &amp; RCMC is required for Importing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/import-concerning-iec-with-rcmc\/#Who_Issues_the_RCMC\" >Who Issues the RCMC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/import-concerning-iec-with-rcmc\/#Registration_Procedure_of_RCMC\" >Registration Procedure of RCMC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/import-concerning-iec-with-rcmc\/#Documents_to_be_Submitted_along_with_RCMC_Registration_Form\" >Documents to be Submitted along with RCMC\nRegistration Form<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/import-concerning-iec-with-rcmc\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_is_RCMC_Required\"><\/span>Why is RCMC Required?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Export Promotion Council is working under the Government of India and helps with the promotion of exporting products and services. The organisation works by encouraging the export industry, organising trade shows and by acting as a link between the <em><strong>Government<\/strong><\/em><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Government\"><em><strong>[1]<\/strong><\/em><\/a><\/sup> and the traders. <\/p>\n\n\n\n<p>The\nRegistration cum Membership Certificate acts as a registration document for\nhelping exporters become the members of the EPC. Hence, any individual with a\nvalid IEC number can also apply for an RCMC license. On the other hand, the\nexporters not having the IEC Number is required to first apply for it before\ntrying to become a member of the EPC.<\/p>\n\n\n\n<p>The\nlicense basically helps the exporters to avail the benefits and advantages as\nthe Government provides through the EPC. The exporter will have to apply for the RCMC certificate:-<\/p>\n\n\n\n<ul><li>If the exporter is looking for any authorization to import or export any of the restricted items.<\/li><li>If the exporter has plans to claim the various benefits which is under the Foreign Trade Policy.<\/li><li>If the exporter is looking for advantages and benefits that is offered by the Customs and Central excise authorities<\/li><\/ul>\n\n\n\n<p>It is to be noted that the RCMC will still be applicable when the exporter is planning to export two or more products that will fall into the different categories and therefore different EPCs.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/format-of-iec-application\/\">What is the Format of IEC Application?<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Are_both_the_IEC_RCMC_is_required_for_Importing\"><\/span>Are both the IEC &amp; RCMC is required for Importing?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As earlier mentioned, the RCMC license assists people\nto gain membership into the EPC for those who are working within the shipping\nindustry. EPC has nothing to do with incoming products as EPC works to promote\nexporters. As a result, the license of RCMC is linked to exports and not with\nthe imports into India.<\/p>\n\n\n\n<p>Nonetheless, the Importer-Exporter Code (IEC) is a compulsory\nregistration number that all the businesses dealing with the import or export\nproducts must-have. Hence, no import or export can enter or leave India without\nthe IEC number of the owner unless it is specifically exempted. Therefore, both\nIEC with RCMC is required for importing products although it is not mandatory\nbut the person can only avail the benefits if he has both IEC with RCMC.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_Issues_the_RCMC\"><\/span>Who Issues the RCMC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Registering Authorities issues the certificates to the exporters and importers. They include the Export Promotion Councils (EPCs); Export Development Authorities and the Commodity Boards. These bodies are authorized by the DGFT (Director General of Foreign Trade) to act as the Registering Authorities. Presently there are total 35 organizations that perform as Registering Authorities. They consist of:-<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/04\/Who-Issues-the-RCMC.png\" alt=\"Who Issues the RCMC\" class=\"wp-image-29253\" width=\"560\" height=\"268\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/04\/Who-Issues-the-RCMC.png 893w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/04\/Who-Issues-the-RCMC-300x144.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/04\/Who-Issues-the-RCMC-768x369.png 768w\" sizes=\"(max-width: 560px) 100vw, 560px\" \/><\/figure><\/div>\n\n\n\n<p>The most important plan of these bodies is to\nencourage and improve the development of exports in India. They are divided\ninto various sectors, each of them is accountable for the particular group of\nproducts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Registration_Procedure_of_RCMC\"><\/span>Registration Procedure of RCMC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The application form for registration of RCMC is <strong>Form ANF \u2013 2C <\/strong>and it needs to be filled\nand submitted with the ESC. It will contain the following details:-<\/p>\n\n\n\n<ul><li>The Name and Address of the relevant Export Promotion Council.<\/li><li>The Name of the Applicant concerned.<\/li><li>The complete Registered Office Address of that Applicant.<\/li><li>If there are any branches then name and address of that branch.<\/li><li>The details on the Import Export Code number.<\/li><li>The number on the Export House Certificate.<\/li><li>The Products for which registration is required.<\/li><li>To declare the main business line.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_to_be_Submitted_along_with_RCMC_Registration_Form\"><\/span>Documents to be Submitted along with RCMC\nRegistration Form<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The copy of Import Export Code issued by the DGFT that must be self attested.<\/li><li>In case of a Partnership Firm, the Copy of the Partnership Deed.<\/li><li>In case of a Company, the Copy of the Articles of Association (AOA) and the Memorandum of Association (MOA).<\/li><li>In case of a Trust, the Copy of the Trust Deed.<\/li><li>Where there are Partners and Directors, then details of the names, the residential addresses, contact numbers and other important details of the same as the case may be.<\/li><li>For the manufacturing section, the copy of the proof that evidences that the applicant is a manufacturer which shall include the SSI Registration and SIA Certification.<\/li><li>Preceding year\u2019s export turnover figure that is certified by a Chartered Accountant is compulsory. If in case there were no exports, then NIL certificate is to be obtained.<\/li><li>The Annual Membership Fees appropriate to be paid through Cheque payable or via Demand Draft or drawn in the favor of \u201cElectronics and Computer Software Export Promotion Council\u201d should be payable at New Delhi.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>IEC with RCMC is important\ntogether as RCMC basically helps the exporters to avail the benefits as given\nby the agencies that aid in developing and promoting India\u2019s export business.<\/p>\n\n\n\n<p>The RCMC certificate is valid for the period of five years and signifies that the particular business has an FIEO or EPC registration. However, on availing the RCMC license, it helps businesses to avail numerous benefits and advantages, thus making it an essential document.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/can-you-import-without-iec-number\/\">Can You Import Without IEC number? Let\u2019s Figure it Out! <\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are planning on importing the products into India then you must be having an idea about the RCMC, it stands for Registration-cum-Membership Certificate. A Registration Cum Membership Certificate (RCMC) is a certificate that is issued by the Federation of Indian Export Organizations (FIEO) and the Export Promotion Councils&nbsp;(EPC) or the Commodity Boards \u2013 [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":29252,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[165],"tags":[1682],"acf":{"service_id":"16"},"authorName":"Kandarp Vanita","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/02\/image_2021_02_01T09_09_44_024Z.png","authorDescription":"Kandarp Vanita has done masters in Corporate and Commercial Law from WB National University of Juridical Sciences. She has 3 yrs of experience in drafting legal documents &amp; dissertations. Being a curious reader, she is also passionately into providing legal backups and comprehensive understandings in every aspect of Law to the firms.","postViews":6262,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/29235"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=29235"}],"version-history":[{"count":6,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/29235\/revisions"}],"predecessor-version":[{"id":30300,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/29235\/revisions\/30300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/29252"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=29235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=29235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=29235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}