Exim

Exim Policy &Export Procedure & Documentation

Registration With EPCs

•Registration with Export promotion Councils/ Commodity Boards/ Authorities

–To enable exporters avail of benefits/ concessionsgiven under the FTP, they are required to register with concerned EPC/ C.B /or authority and obtain an registration –cum-membership certificate (RCMC)

–The Exporter is required to apply in the prescribed format toEPCrelating to their main line of business

–Status Holder can also obtain RCMC from FIEO.

–Application for obtaining RCMC, to be made in prescribed manner & accompanied by IEC code number. If application is granted, EPC or FIEO will grant status of the exporter as merchant exporter or manufacturer exporter

Registration With VAT Authorities

•Registration with Value added Tax Authorities (VAT)

–Goods which are to be shipped out of the country for exports are eligible for are eligible for exemption from both VAT & CST.

–For this , the exporters are required to register themselves, with the VAT authoritiesof the state, in which they are located.

–The registration has to be done in the manner prescribedby the state VAT authorities.

Registration With Central Excise & PAN

•Registration with Central Excise Authorities

–Goods meant for export are exempt from CED.

–For this the manufacturer has two options :

•either they can deposit CED at the time of clearance from factory

•or take refund or avail procedure for export of goods without payment at the time of clearance.

•Obtaining PAN

–Exporters & importers who obtain the IEC number are also required to obtain PAN.An application in form number 49A has to be submitted

Other Registrations

•Any exporter who wants to export his goods needs to obtain PAN based Business Identification Number (BIN)from DGFT prior to filingof Shipping Bill for clearance of export goods.

•The exporter must also register themselves to the authorized foreign exchange dealer code& open a current account in the designated bank for...