Government Eases RCMC Requirement for Export Consignments up to ₹3 Lakh
The Government has exempted small-value export consignments up to ₹3 lakh from the requirement of a Registration-cum-Membership Certificate (RCMC) or Certificate of Registration. This amendment to the Foreign Trade Policy, 2023 by the Directorate General of Foreign Trade (DGFT) aims to reduce compliance burdens for MSMEs, artisans, and first-time exporters. Consignments exceeding ₹3 lakh will still require a valid RCMC.
Why It Matters
This policy change is relevant for candidates preparing for competitive exams covering Indian economy, foreign trade policy, and government initiatives supporting MSMEs.
In Simple Words
The government has introduced a de minimis exemption for small export consignments up to ₹3 lakh, removing the need for an RCMC or Certificate of Registration.
This change helps new exporters, MSMEs, and artisans test international markets easily through postal, courier, and e-commerce channels with lower upfront compliance requirements.
Key Points
- Exemption limit: Export consignments up to ₹3 lakh
- Requirement waived: Registration-cum-Membership Certificate (RCMC) or Certificate of Registration
- Policy amended: Para 2.57 of the Foreign Trade Policy, 2023
- Amending authority: Directorate General of Foreign Trade (DGFT)
- Low-value export data: Consignments up to USD 3,000 account for 43 percent of shipping bills but 0.86 percent of India's total merchandise export value
- Target beneficiaries: MSMEs, artisans, small businesses, and first-time exporters
- Threshold for continued requirement: Consignments exceeding ₹3 lakh
- Supported channels: Postal, Courier, and other emerging export channels
Exam Angle
A. ₹3 lakh
Source: Press Information Bureau