The certificate is issued by export promotion councils and commodity boards.
The Directorate General of Foreign Trade (DGFT) has said that schemes such as duty drawback, rebate of state and central taxes and levies (RoSCTL) and remission of duties and taxes on export products (RoDTEP) fall under the category of remission-based schemes.
These schemes are aimed at remitting duties or taxes on exported goods.
For these schemes, “the requirement of an RCMC does not apply. Exporters can claim benefits under these schemes without obtaining an RCMC,” the DGFT has said in a trade notice.
In a separate order, the DGFT has clarified that import/ re-import of “Exhibits and Samples” for demo, display, exhibition and participation in fairs or participation in India or abroad shall be regulated under specified norms of the foreign trade policy.
They would not be subjected to the requirement of import authorisation or registration under Import Monitoring Systems subject to other compliance, it added.
Content Source: economictimes.indiatimes.com