Govt waives RCMC requirement for exports up to ₹3 lakh

The Indian government has removed the requirement of Registration-cum-Membership Certificate (RCMC) for export consignments valued up to Rs 3 lakh, in a bid to alleviate compliance burdens for micro, small, and medium enterprises (MSMEs), first-time exporters, and small businesses. This amendment, made by the Directorate General of Foreign Trade (DGFT) to Para 2.57 of the Foreign Trade Policy 2023, is expected to streamline the export process for low-value shipments that currently account for 43% of shipping bills but only 0.86% of India's total merchandise export value.

The exemption is anticipated to facilitate the entry of small manufacturers, artisans, entrepreneurs, and emerging businesses into international markets with reduced initial compliance requirements.

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