Home India Ministry of Commerce and Industry In exercise of powers conferred under Paragraph 1 03 of the ...
Date: 2019-08-26 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred under Paragraph 1 03 of the Foreign Trade Policy 2015 2020, as amended

Issued by Ministry of Commerce and Industry · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This Public Notice, dated August 26, 2019, amends Para 6.34.14 of Chapter 6 of the Handbook of Procedure 2015-2020 regarding the Registration-cum-Membership Certificate (RCMC). It clarifies RCMC requirements for Export Oriented Units (EOUs), Electronic Hardware Technology Park (EHTP), Software Technology Park (STP), and Bio-Technology Park (BTP) units. It also recognizes EPCES as a registering authority for EOUs. Key Points / Main Content: Amendment to Para 6.34.14: * EOU, EHTP, STP, and BTP units do not require a separate RCMC, as per Para 2.44 of the Foreign Trade Policy (FTP). * Exception: Spice units must register with the Spices Board. * Existing Provision Reference Update: Reference to Para 2.55 of FTP is updated to Para 2.44. EPCES Recognition: * EPCES is recognized as a registering authority for EOUs. Impact Analysis: EOU, EHTP, STP, and BTP Units (excluding spices): * Impact: Reduced compliance burden as a separate RCMC is not required. * Action Required: Ensure compliance with Para 2.44 of FTP. Spice Units: * Impact: Mandatory registration with the Spices Board. * Action Required: Register with the Spices Board. Development Commissioner: * Impact: Consequential amendment in powers due to EPCES being recognized as a registering authority for EOUs. * Action Required: Take note of the change in authority. EPCES: * Impact: Recognized as a registering authority for EOUs. * Action Required: Fulfill responsibilities as a registering authority.

Key Entities Referenced

Directorate General of Foreign Trade: An organization under the Ministry of Commerce and Industry, responsible for implementing foreign trade policy. Foreign Trade Policy 2015-2020: The prevailing foreign trade policy, governing import and export regulations. Handbook of Procedure 2015-20: A document providing detailed procedures related to the Foreign Trade Policy 2015-2020. Export Oriented Units (EOU): Enterprises focused on exporting their entire production. Software Technology Park (STP): A scheme by the Indian government to encourage software exports. Electronics Hardware Technology Park (EHTP): A scheme by the Indian government to encourage electronics hardware exports. Bio-Technology Park (BTP): A scheme by the Indian government to encourage Bio-Technology exports. Spices Board: A statutory body responsible for the development and promotion of the Indian spice industry.
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