Government Removes Registration Requirement for Small Exporters in Bid to Reduce Compliance Burden

Compliance eased for exports up to 3 lakh

India Business News: NEW DELHI: In a move to reduce compliance burden for new and small exporters, govt on Wednesday exempted small-value export consignments up to Rs 3 la.

Govt Removes RCMC Requirement for Exports Up to Rs 3 Lakh to Ease Entry for Small Exporters

Get latest articles and stories on Business at LatestLY. The government has removed the requirement of Registration-cum-Membership Certificate (RCMC) or Certificate of Registration for export consignments with a Free-on-Board (FOB) value of up to Rs 3 lakh, in a move aimed at reducing compliance hurdles for MSMEs, first-time exporters and small businesses, according to a release by the Ministry of Commerce and Industry. Business News | Govt Remo…

Government removes registration requirement for small exporters in bid to reduce compliance burden

According to the data presented by the government covering 2021-22 to 2025-26, low-value exports account for a significant share of shipping bills but a very small proportion of the overall export value

Govt waives RCMC requirement for exports up to ₹3 lakh

Under the amended provision, exporters will not need an RCMC or certificate of registration for consignments with a free-on-board (FOB) value of up to ₹3 lakh.

India eases export rules, waives registration for small exporters

DGFT Waives RCMC for Small Export Consignments - Cargo Insights

DGFT has exempted export consignments up to ₹3 lakh from the RCMC requirement to ease compliance for small exporters. The Government has introduced a de minimis exemption from the requirement of a Registration-cum-Membership Certificate (RCMC) or Certificate of Registration for small-value export consignments up to ₹3 lakh. The measure is aimed at reducing the compliance [...]