September, 20 2026 Sunday 11:11 Hrs
Last update 11-9-2025
  • SENSEX :   74,294.96

  • Top commodity trading and broking companies in India-19.63( -0.03%) 18-Sep-2026
Negative
Sensex 74294.96 -19.63  (-0.03) 18-Sep-2026
Previous Day Close 74314.59
Today's High/Low
High Low
  •  
  •  
74728.44 74294.96

Economy News - Detailed News

Government slashes RCMC requirement for export consignments
16-Sep-26   17:44 Hrs IST
The Government has established a de minimis exemption from the Registration-cum-Membership Certificate (RCMC) or Certificate of Registration requirement for export consignments with a value up to Rs 3 lakh. This initiative seeks to alleviate the compliance demands for nascent and smaller exporters and to streamline exports via Postal, Courier, and other evolving channels. The Directorate General of Foreign Trade (DGFT) has revised Para 2.57 of the Foreign Trade Policy, 2023, stipulating that an RCMC or Certificate of Registration will not be mandated for export consignments with a Free-on-Board (FOB) value of up to Rs 3 lakh, where such certification would otherwise be necessary under the Foreign Trade Policy. Export consignments surpassing Rs 3 lakh will remain subject to the existing requirement of a valid RCMC or Certificate of Registration, as applicable. Analysis of data spanning the previous five fiscal years (2021-22 to 2025-26) reveals that low-value exports represent a noteworthy volume of shipping bills, yet constitute a diminutive fraction of aggregate export value. For example, shipments up to USD 3,000 comprise 43 per cent of shipping bills but represent only 0.86 per cent of India’s total merchandise export value. Consequently, the exemption is anticipated to encompass a considerable number of small-value export transactions while exerting only a limited effect on the overall export value.
Top

Attention Investor:

Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.