Clarification regarding discontinuing submission of physical copy of RCMCs while filing application of incentives or entitlements under FTP

May 23, 2019 | by Avantis RegTech Legal Research Team

The Directorate General of Foreign Affairs (DGFT) on May 22, 2019, has issued a Trade Notice in order to give clarification regarding the dispensation of requirement of a physical copy of RCMC from July 01, 2019 while filling application for incentives or entitlements under Foreign Trade Policy (FTP). It was previously decided that the requirement of a physical copy of RCMC will be dispensed from July 01, 2019 vide Trade Notice No. 12/2019-20 dated May 13, 2019, and the validity of RCMCs will be checked directly from the DGFT’s database.

With regard to appropriateness of EPCs, it is clarified that:

 An entity requires only one RCMC from its relevant EPC as per Appendix-2T. It can keep on adding any number of business afterwards and RCMCs from other EPCs will be optional.

 If an entity, having RCMC for goods from a particular EPC/FIEO, exports services subsequently, there is no need to obtain second RCMC from SEPC (membership with SEPC in such a case is optional).

[Trade Notice No. 17/2019-20]


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