FIEO Registration

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FIEO Registration

FIEO Registration Overview

The abbreviated term for the Federation of Indian Export Organization is FIEO. FIEO was jointly established in 1965 by the Ministry of Trade and Commerce and the Private Trade and Industry. Promoting international trade is the organization's primary function, and it is also in charge of representing and supporting exporters and entrepreneurs in overseas markets. FIEO is endeavoring to expand and improve India's exports and market.

The organization works on behalf of exporting companies that are approved by the government, such as Export House, Star Export House, and Trading House. In addition to encouraging the export of goods, FIEO also encourages the export of services.

What Services Does FIEO Offer?

The Federation of Indian Export Organizations' (FIEO) export promotion initiatives are listed below:

1. To keep traders informed about global trends impacting the nation's foreign trade information and international commerce in general, FIEO suggests a weekly e-bulletin.

2. The Indian Trade Portal, a knowledge platform for MFN Tariffs, Preferential Tariffs, SPS/TBT, Rules of Origin of 65 countries, Import Statistics of 87 nations, and India's contribution to imports, offers Access to Free Service Online.

3. On the FIEO website, the council offers two additional chat services to answer questions about quality standards and corporate legal affairs, arbitration, international agreements, technology transfer, patents, trade marks, brand management, copyright, and related subjects.

4. FIEO's website features press clips about international trade-related topics.

5. Spot rates, forward rates, forward calculators, FOREX matrices, pivot points, LIBOR rates, historical data, currency sources, and charts are among the FOREX services that FIEO has launched.

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What Advantages Come with Registering with the FIEO?

Observance of the Government After registering, an organization or business will be required to abide by the laws and regulations of the government.
Free Online Business Portals such as eBay give FIEO Members the option to operate free online stores for six months, and Amazon offers the same deal for three months.
Global Exposure: Exporters that register with FIEO receive appropriate advise regarding international exposure.
Advice Through Online Chat Exporters with FIEO registrations can get the help they need via online chat on topics like corporation law and FTP, among other things.
Assistance with Air Travel Exporters can benefit from a 10% discount on all local and international airline tickets by registering with FIEO.
Simple and Inexpensive Credit Evaluation FIEO exporters are eligible for a 10% discount on credibility analysis services from CRISIL, one of the leading credit rating organizations.

What are the requirements for RCMC registration eligibility?

When applying to the FIEO for the RCMC certificate, the applicant must meet the following requirements:

1. Exporter or merchandiser (merchant)
The applicant must confirm that the business being conducted is one that involves both imports and exports. One of the most crucial requirements for starting an export company in India is this. In addition, the exporter must ensure that they have applied to the relevant government for the Import Export Code (IEC). The Director General of Foreign Trade, or DGFT, is in charge of the IEC.

2. Establishment of the main business line
The exporter or merchant must specify their primary business. For instance, the appropriate approval of the Coffee and Tea Promotion Board must be obtained if the primary business is tea and coffee. The FIEO must approve the export of the goods if they are not listed on any export promotion boards or other authorities.

3. The FIEO Board's approval
The applicant must ensure that the FIEO or the specific board has granted the necessary consent. The applicant must apply to the FIEO in order to obtain consent if there isn't a specific board for the product in question. The same requires the FIEO's approval.

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How to Register for FIEO Registration

1. When submitting an application to the Export Promotion Council, an exporter who wishes to obtain an RCMC must name his major business unit.
2. RCMC in relation to the ticket item must be obtained from FIEO if it is not secured by any Export Promotion Council, Commodity Board, etc.
3. The exporter must obtain RCMC from the Federation of Indian Exporters Organization (FIEO) if there are multi-item exporters who are not registered with any EPC and whose primary line of business has not yet been established.

How can I apply for Ordinary Membership in order to register with the RCMC?

There are two kinds of membership under the RCMC registration system. If the applicant is applying for the ordinary membership then compliance with the following steps have to be considered:

1. When submitting an application to the Export Promotion Council, an exporter who wishes to obtain an RCMC must name his major business unit.
2. RCMC in relation to the ticket item must be obtained from FIEO if it is not secured by any Export Promotion Council, Commodity Board, etc.
3. The exporter must obtain RCMC from the Federation of Indian Exporters Organization (FIEO) if there are multi-item exporters who are not registered with any EPC and whose primary line of business has not yet been established.

1

Visit the FIEO's website. The merchant and exporter must go to the https://www.fieo.org/index.php website as their initial step. The candidate will be given the choice to either click on the membership tab. Click "how to apply for RCMC registration" after that. In addition, the application is available for download via the download tab on the FIEO website.

2

Select "Online Membership Application." The primary tab for membership has a subtabs. After selecting that application, the candidate will be taken to an additional page where he must provide his credentials. This will include the import-export code (IEC Number), the username, and the password.

3

Complete the given information. Ordinary membership is a separate tab that will appear on the provided membership tab. Information from the exporter will be required under regular membership. Name, address, and the exporter's status (whether a one-, two-, three-, four-, or five-star exporter, service provider, registered member, Chamber of Commerce, EPC, Commodity Board, or Association of Institutes) are all required pieces of information.

4

Give the Required Information It is required to include the name of the specific company and the type of exports it processes.

5

Give the type of entity. The applicant must indicate the type of entity in the designated box in the next stage. This would indicate if the organization is a partnership or an accompanying entity.

6

Give details on the key management executives. The candidate is then required to provide details about the organization's top executives. This would include specifics and data about the company's directors and stockholders.

7

The applicant must provide the letter of authority as the last step. The authority that will represent the applicant in the FIEO application will be detailed in this letter. Such information must be provided by the applicant.

Frequently Asked Questions (FAQs)

A 10% discount on credibility analysis services is offered to all exporters who are FIEO registered. This gradually increases the exporter's credibility and motivates them to be competent.

The guidelines for submitting an application for associate membership are as follows:

1. Get the application.
The applicant must download the associate membership application as the initial step.
2. Describe the kind of business.
In the following phase, the applicant must indicate the business class he has thought about. Here, the applicant must specify the kind of business and the working method that will be used.
3. Complete the business-related information.
The applicant must provide comprehensive business information. This will include the organization's details, IEC number, and any other business-related information.

Exporting is feasible, however government organizations such as APEDA are unable to provide a quality certificate. do not receive government perks like duty drawback, thus I suggest you contact the Export Promotion Council (RCMC) to discuss your items.

Along with the exporter's export, all RCMC holders must provide their information for the quarterly return. They must tell the relevant Export Promotion Council of pertinent information.

As per the Foreign Trade Policy, an exporter is required to get a Registration-cum-Membership Certificate (RCMC) for availing various benefits under the Policy. For registration purposes, FIEO has been recognized by the Government as an Export Promotion Council.
 

The government has approved FIEO as an Export Promotion Council for registration purposes. When submitting an application to the Export Promotion Council, an exporter who wishes to receive an RCMC must specify his primary business.

An exporter must get a Registration-cum-Membership Certificate (RCMC) in accordance with the Foreign Trade Policy in order to receive any of the Policy's benefits. The government has approved FIEO as an Export Promotion Council for registration purposes.

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