Can we export without license?
Exports Free unless regulated The Director General of Foreign Trade (DGFT) from time to time specifies through a public notice according to which any goods, not included in the ITC (HS) Classifications of Export and Import items may be exported without a license.
Which license is required for export?
For the export of any goods classified as ‘restricted goods’ in this ITC-HS list, an Export License is required. The Foreign Trade Policy (FTP) considers all goods as freely exportable except those that are restricted or prohibited.
What is Rcmc no?
RCMC (Registration Cum Membership Certificate) in DGFT is a membership certificate issued for 5 years by Export Promotional Councils (EPCs) or Commodity Boards of India. This certificate is issued as a proof that any particular exporter is registered with the council/Board.
What is an export violation?
General Overview. Generally, any person or entity that brokers, exports, or attempts to export a controlled item without prior authorization, or in violation of the terms of a license, are subject to penalties. Violators may incur both criminal and civil penalties.
Why is Rcmc important?
Why is RCMC required? As an exporter, you have to apply for an RCMC certificate if you are, Seeking authorization to export (or import) any restricted item. Planning to claim various benefits under the Foreign Trade Policy.
What is the difference between EAR99 and ITAR?
EAR: How They Differ. It’s easy to say that ITAR covers the export of all defense-related materials and items, and EAR covers everything else. Regulated Items: ITAR covers all defense articles and services, while EAR covers commercial and dual-use items and technologies.
How to obtain rcmc in respect of export product?
(c) If export product is such that it is not covered by any EPC, then RCMC in respect thereof may be obtained from FIEO. (d) Exporters of forest produce and their value added products shall obtain RCMC from Shellac and Forest Products Export Promotion Council (SHEFEXIL).
What is rcmc certificate?
Registration-Cum-Membership Certificate (RCMC) is a certificate issued by the Export Promotional Councils, commodity board or Export development authorities in India. These are Non-Profit Organizations that are responsible for developing and promoting the export industry of India.
Who is the authority for issuing rcmc in India?
Export Promotional Councils (EPC) and Commodities board in India are the authorities for issuing the RCMC. These institutions have been authorised by Central Government to issue RCMC to the particular exporter. Each of the Export promotion Councils and commodities board in India categories itself according to the type of products.
Can the export promotional Council de-register the exporter?
The Export Promotional Council may de-register the exporter for a specified period for violation of conditions of registration. In case of any query regarding RCMC registration, you may contact us.