Spice Industry FAQ : Certificates, Recognitions - Spice Exporters Directory

Spice Industry FAQ : Certificates, Recognitions

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The Directorate General of Foreign Trade in India has a scheme with an objective of recognizing established exporters in India. Under this scheme exporters are recognized as Export House, Trading House, Star Trading House and Super Star Trading House. For getting a Star Trading House recognition, the average FOB (free on board) value of exports during the preceding three licensing years needs to be at least Rs. 375 crores.

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Star export house is an Indian exporter who has excelled in international trade and successfully achieved certain minimum amount of export performance in two out of three financial years. Two star and above export houses are permitted to establish export warehouses as per Department of Revenue guidelines.

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Export House is defined as a registered exporter holding a valid Export House Certificate issued by the Director general of Foreign Trade in India.

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Bank Realisation Certificate (BRC) is issued by Banks based on realisation of payment against export by an Exporter. Any firm applying for benefits under Foreign Trade Policy is required to furnish valid BRC as a proof of realisation of payment against exports made.

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Agricultural & Processed Food Products Export Development Authority (APEDA) is a government organization established in 1985 through an act for the development and promotion of export of scheduled products.

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In India, It is necessary for the exporter to become a member of the appropriate export promotion council and obtain a Registration Cum Membership Certificate (RCMC) for availing benefits available to export firms from the Government like duty exemptions. These councils also provide incentives to the exporters.

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Incorporated in 1978, AEPC is the official body of apparel exporters in India that provides invaluable assistance to Indian exporters as well as importers/international buyers who choose India as their preferred sourcing destination for garments.

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RCMC (Registration Cum Membership Certificate) is a membership certificate issued for 5 years by Export Promotional Councils or commodity board of India. This certificate is issued as a proof that any particular exporter is registered with the council

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