Latest News

Govt authorises MEDEPC to issue registration certificates for exporting electronic items

Government authorised MEDEPC to issue registration-cum-membership certificate to exporters of certain products like, smart phones, smart watches, etc.

PSU Watch Bureau

New Delhi: The government on Monday authorised Mobile and Electronic Devices Export Promotion Council (MEDEPC) to issue registration-cum-membership certificate, a key document for exporters, for certain products related to the sector including smartphone, smart watch, monitors and parts of mobile phones.

RCMC is required for exporters in order to avail benefits under the FTP

According to the Foreign Trade Policy (FTP), a registration-cum-membership certificate (RCMC) is required for exporters in order to avail benefits under the policy. Holding the certificate can also help exporters in availing benefits with respect to customs and excise. This certificate is issued by export promotion councils, and commodity boards.

MEDEPC has been included in the appendix 2T of FTP 2015-20 for issuing RCMC

"MEDEPC has been included in the appendix 2T of FTP 2015-20 for issuing RCMC for specific items, with immediate effect," said the directorate general of foreign trade (DGFT) in a public notice. Appendix 2T of the policy includes 36 different export promotion councils, and commodity boards.

"Earlier the RCMC for these products was issued by Telecom Equipment and Services Export Promotion Council (TEPC) or Electronics and Computer Software Export Promotion Council.
The certificates issued by the TEPC till Monday will remain valid till their expiry," it said.

MEDEPC can issue certificates for items such as monitors, projectors, television, printer, photocopying machine, automatic data processing machine, vibrator motor, static convertors, parts of electrical transformers, lithium-ion battery for cellular mobile phones, parts of accumulators, parts of mobile, semiconductor devices, and charging cable.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Public procurement through GeM portal crosses Rs 3 lakh crore so far this fiscal

HZL emerges preferred bidder for Rajasthan gold block, set to expand precious metal portfolio

Unilateral trade measures in name of climate action 'discriminatory, harm global cooperation': India

Developing nations slam 'unfair' climate-linked unilateral trade measures at COP29

GAIL wins SAP ACE Best Financial Transformation Award for the second year in a row