The Indian Silk Export Promotion Council (ISEPC) was established in 1983 as a premier organization for silk exporters, manufacturers, and merchandisers. Operating as a not-for-profit entity under the Companies Act.
ISEPC is sponsored by the Ministry of Textiles, Government of India. In recognition of the significance of the silk and allied silk product industry, the Government of India has recently declared it as a priority sector.
ISEPC works closely with the Government of India to formulate policies that support the growth and development of the silk sector. It provides specialized services to the trade, commerce, and industry that are aimed at expanding global business opportunities for the Indian silk industry.
ISEPC is committed to promoting the export of Indian silk and silk-based products, and to providing a platform for Indian silk exporters to network, exchange ideas and showcase their products to the world
Eligibility for ISEPC Registration
The Indian Silk Export Promotion Council (ISEPC) registration is open to all entities involved in the production and export of silk and silk-related products. The eligibility criteria include:
- Business Activity: The applicant must be a manufacturer, merchant exporter, or trader of silk and its products, including garments, fabrics, or accessories.
- Indian Registration: The business must be legally registered in India and possess a valid Import Export Code (IEC) issued by the Directorate General of Foreign Trade (DGFT).
- Engagement in Export: The applicant must be actively engaged in the export of silk products.
- Compliance with Trade Regulations: The business must comply with Indian trade regulations, including taxation and foreign exchange laws.
Documents Required for ISEPC Registration
To register with ISEPC and obtain the Registration-Cum-Membership Certificate (RCMC), the following documents are required:
- Import Export Code (IEC) certificate.
- PAN Card of the business or applicant.
- GST Registration Certificate for the business entity.
- Certificate of Incorporation or partnership deed (for firms).
- Bank Certificate or a cancelled cheque from the business’s bank account.
- Export Performance Declaration showing the export of silk products from the previous financial year.
- Self-Declaration Form to confirm adherence to ISEPC rules and regulations.
How to Apply for ISEPC RCMC Registration
To apply for ISEPC RCMC registration, follow these steps:
- Visit the ISEPC Official Portal: Start by visiting the official website of the Indian Silk Export Promotion Council.
- Create an Account: New applicants need to create an account by providing basic details such as business name, contact information, and email ID.
- Fill Out the RCMC Application: Complete the online application form by entering the required business information, export turnover, and other relevant details.
- Upload Required Documents: Upload all the necessary documents, such as IEC, PAN, GST, bank details, and export performance records.
- Pay the Registration Fee: Pay the applicable registration fee through the online payment gateway available on the ISEPC website.
- Submit Application: Once the application form and documents are complete, submit the registration for review and approval.
- Issuance of RCMC: Upon successful verification of the documents and details, the ISEPC will issue the Registration-Cum-Membership Certificate (RCMC), which is essential for silk exporters.
Benefits of ISEPC Registration
- Access to Export Promotion Schemes: ISEPC-registered exporters are eligible for various government export promotion schemes like the Merchandise Exports from India Scheme (MEIS).
- Participation in Trade Fairs: Registered members can take part in international trade fairs, exhibitions, and buyer-seller meets, providing opportunities to expand market reach.
- Government Representation: ISEPC advocates for the silk export sector by representing the interests of exporters in government policies and discussions.
- Export Data and Market Insights: Members receive regular updates on global market trends, industry developments, and demand patterns for silk products.
- Networking Opportunities: ISEPC offers opportunities to connect with global buyers, suppliers, and industry stakeholders.
- Capacity Building: Members can participate in training and development programs that help improve production quality, business processes, and sustainability practices.
Compliance for ISEPC Registered Exporters
Exporters registered with ISEPC must ensure compliance with the following requirements:
- Adherence to Trade Regulations: Ensure that all trade practices conform to Indian and international trade laws, including taxation, customs, and foreign exchange regulations.
- Timely Renewal of Membership: ISEPC membership must be renewed annually by submitting the required documents and paying the renewal fees.
- Export Documentation: Ensure that all export documentation, including the Registration-Cum-Membership Certificate (RCMC), is accurately maintained and submitted to relevant authorities.
- Participation in ISEPC Activities: Members are encouraged to actively participate in trade fairs, exhibitions, and other events organized by ISEPC to promote Indian silk products.
- Ethical Trade Practices: Exporters must follow the guidelines set forth by ISEPC, which promote ethical and sustainable trade practices
Conclusion
Registering with the Indian Silk Export Promotion Council (ISEPC) provides numerous advantages for silk exporters in India, ranging from access to government schemes and trade fairs to networking opportunities and market insights. By obtaining the Registration-Cum-Membership Certificate (RCMC), exporters ensure compliance with trade regulations, enhance their credibility in international markets, and stay informed about industry trends. The benefits of ISEPC membership go beyond tariff reductions; they empower exporters to expand their global reach, improve production quality, and contribute to the sustainable growth of India’s silk industry. Maintaining compliance and actively engaging with ISEPC activities are crucial to fully leverage these benefits, fostering long-term success in the global silk trade.
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