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Overview of FIEO Registration

FIEO expands to the Federation of Indian Export Organizations. It is an organization working actively for export promotion in India and to extend and enhance India's market worldwide. The key function of the organization is to promote international trade and is responsible for representing and assisting entrepreneurs and exporters in a foreign market. The FIEO is an active partner for the Government of India in promoting India’s exports and works as a guide for all the businessmen who are involved in the export-import market. Exporters and entrepreneurs from India can rely on FIEO to help them get their products global exposure and represent their interests.

FIEO Registration is the same as RCMC Registration. Any individual, who wants to avail of different benefits from FIEO but does not go for an RCMC (Registration cum Membership Certificate) certificate, has the option to still register as an individual exporter. But the Foreign Trade Policy says that an exporter is required to get a Registration-cum-Membership Certificate (RCMC) for availing various benefits under the Policy such as global exposure, thorough guidance on key areas of global trade such as Foreign Trade Policy (FTP), and various concessions to MSMEs.

 

Documents Required for RCMC Registration

To receive the FIEO Membership Registration, the following documents must be submitted with the application form

Aadhar & PAN Card

Articles and Memorandum of Association (For Corporate/institutional/Private Limited/ Limited company), Partnership Deed (in case of Partnership firms and LLPs), or Trust Deed (in case of Trusts).

GST registration certificate

A self-certified copy of the relevant licensing authority's Import Export (IE) Code Number.

In the case of a service exporter already in business, three years’ services export data certified by the exporter’s CA has to be provided. Proof of payment of membership fee to the Services Export Promotion Council (SEPC) also has to be provided.

– One Star Export Houses, Two Star Export Houses, Four Star Export Houses, Three Star Export Houses, and Five Star Export Houses Certificates that have been self-certified.

 

Benefits of FIEO Registration

Various Concessions

The registered exporter/importer will get concessions and schemes under the Foreign Trade Policy of the Country like Advance Authorization for annual requirement Scheme, Duty-Free Import Authorization (DFIA) Scheme, Duty Drawback of Customs/Central Excise Duties/Service Tax, Rebate of Service tax through all industry rates and Zero duty EPCG scheme

Guidance

Exporters who are FIEO registration holders have access to relevant assistance on matters such as FTP and company regulations.

Subsidies and financial assistance

Subsidies and financial assistance for their export promotion activities like taking part in exhibitions abroad/trade fairs/business delegations/buyer-seller meets organized by respective EPC

Compliance

Registered individuals can easily comply with government rules and regulations through guidance from FIEO.

Global Exposure

This registration will directly increase exports on an international scale and give the exporters proper guidance related to international exposure.

Other Benefits

Further, the registered company or firm that exports can benefit from various schemes offered by the FIEO. This wouldn't be the case for businesses that aren’t registered.

Applying Procedure for FIEO Registration

An applicant has to declare his main line of business in the application made to the Export Promotion Council relating to that line of business. There are 28 Export promotion councils and 9 commodities boards in India. Each of the Export Promotion Councils and commodities boards in India categorizes itself according to the type of products, hence when applying for RCMC, an exporter has to declare the mainstream business. The applicants who fall under any EPC have to apply to respective organizations for RCMC. They are also eligible to function as Registering Authorities which are notified by DGFT in this regard to issue RCMC to its members

Further, if the person does not belong to any mentioned export promotion council, or if the stream of business is yet to be confirmed, then the person can directly apply for the certificate at FIEO (Federation of Indian Exporters Organization) which is is the Apex Body controlling all the Export Promotion Councils, Commodity Boards, and Export Development Authorities. Here we’re only concerned about the registration procedure to FIEO.

Registration Procedure for FIEO Registration

Step 1: Visit the FIEO (Federation of Indian Export Organizations) website at fieo.org and select the Tab “FIEO Membership or Membership” 

Step 2: Click on Apply for RCMC/Membership, Renewal, and Endorsement online. You will then be directed to a different website that requires credentials.

Step 3: Fill in the details like “IEC Number, Company Name (Min 3 Letters) & Organization Name (FIEO)”.

Step 4:  Select the tab “Login Using”-

: After filling in the details click on “Log In”.

Step 5: The person needs to provide all the vital and mandatory information in the membership application section like the Name of the firm, type of entity, etc.

Step 6: The applicant has to provide a letter of authority. This letter will indicate who is the authority representing the applicant in the FIEO on the application. Providing such information is mandatory for the applicant.

Step 7: The final step is the payment of fees. The annual (April-March) membership subscription under different categories is listed below:

FIEO Registration fees

1

Individual Exporter

Rs. 6,250/-

2

Multi-Products Group

Rs. 6,250/-

3

Multi-Product Group (Premier)*

Rs 7,000/-

4

Service Providers

Rs. 6,250/-

5

FTZ units/EOUs

Rs. 9,375/-

6

One Star Export House

Rs. 9,375/-

7

Two Star Export House

Rs.12,500/-

8

Three Star Export House

Rs.25,000/-

9

Four Star Export House

Rs.50,000/-

10

Five Star Export House

Rs.93,750/-

11

 State Export Organization

Rs. 6,250/-

At last, on successful verification of FIEO Registration fees, RCMC will be issued to the applicant.

 

Read More: What is Section 54 of Income Tax?

 

Conclusion

International trade promotion is the main objective of the organization, which also includes serving as a voice for and a resource for small businesses and exporters in overseas markets. Membership Registration will basically serve as an authorization for the firm to engage in exports and take advantage of current trade policy incentives.

The FIEO is continuously trying to expand and increase India’s exports and market reach. With FIEO registration, entrepreneurs can take advantage of numerous opportunities, such as global exposure and comprehensive advice on essential aspects of international trade, such as the Foreign Trade Policy.

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