RCMC – Gem &Jewellery Export Promotion Council (GJEPC): Unlocking Global Opportunities in India’s Gem &Jewellery Sector
Introduction
The Gem and Jewellery sector is one of India’s most vibrant and significant export industries, contributing substantially to the country’s foreign exchange and employment. To foster the growth and global competitiveness of Indian exporters in this sector, the government established the Gem &Jewellery Export Promotion Council (GJEPC). For exporters to avail government incentives and participate in trade facilitation activities, obtaining the Registration-Cum-Membership Certificate (RCMC) from GJEPC is mandatory.
This blog outlines the role of GJEPC and the importance of RCMC, exploring why it is needed, the advantages it offers, challenges faced by exporters in the process, and the overall significance of this certification for India’s gem and jewellery exporters.
What is GJEPC and RCMC?
Gem &Jewellery Export Promotion Council (GJEPC)
Established in 1966 under the Ministry of Commerce and Industry, GJEPC is the apex body for promoting the Indian gem and jewellery industry. It represents exporters of diamonds, colored gemstones, gold and silver jewellery, and other precious metals and stones. GJEPC facilitates trade promotion, policy advocacy, design innovation, quality standards establishment, and capacity building to enhance exports.
Why is RCMC from GJEPC Necessary?
Legal and Policy Mandate
The Directorate General of Foreign Trade (DGFT) mandates exporters to register with the relevant EPC or council and obtain a valid RCMC to avail export benefits. For gem and jewellery exporters, GJEPC is the designated authority. Having RCMC ensures compliance with Indian export laws and policies.
Access To Government Export Incentives
RCMC holders can claim duty drawback, export promotion capital goods (EPCG) scheme benefits, Market Access Initiative (MAI), and Market Development Assistance (MDA). These incentives help exporters reduce costs and improve global competitiveness.
Enhancing Credibility and Market Reach
Holding an RCMC from GJEPC increases exporters’ credibility with banks, international buyers, and government bodies, facilitating easier transactions and market expansion.
Eligibility for Trade Promotion Activities
Only members with a valid RCMC can participate in major international trade fairs, buyer-seller meets, business delegations, workshops, and exhibitions organized or supported by GJEPC.
Registration-Cum-Membership Certificate (RCMC)
The Registration-Cum-Membership Certificate (RCMC) is an official recognition granted by GJEPC certifying an exporter’s valid registration under India’s Foreign Trade Policy. RCMC is mandatory for exporters to avail export benefits, subsidies, and participate in international trade fairs organized or endorsed by GJEPC. Without a valid RCMC, exporters cannot claim government incentives or receive several trade facilitation services.
Benefits of RCMC and GJEPC Membership
Access to Export Incentives and Subsidies
Duty drawbacks on export of diamonds and jewellery
Export Promotion Capital Goods (EPCG) scheme benefits
Subsidized participation in international trade fairs such as the India International Jewellery Show (IIJS) and other global exhibitions.
Export Documentation Support
GJEPC aids its members in obtaining Certificates of Origin and other necessary export documentation crucial for customs clearance and buyer requirements.
Market Intelligence and Research
Members get access to market reports, trade statistics, product trends, and regulatory updates that help strategize exports and adapt to market demands.
Skill Development and Capacity Building
GJEPC provides training sessions and programs focused on design innovation, hallmarking, quality control, and compliance with international standards enhancing product value.
Trade Facilitation and Networking
Through buyer-seller meets, export workshops, and international business delegations, members get opportunities to connect with global buyers and expand their market presence.
Policy Advocacy
GJEPC represents the industry to the government, advocating policies that support growth and ease of doing business in the gem and jewellery sector.
Challenges in Obtaining RCMC from GJEPC
Documentation Requirements
The application process for RCMC requires submission of documents such as Import Export Code (IEC), GST registration, PAN card, business registration certificates, proof of export performance, and bank documents. New exporters may find this process tedious.
Renewal and Compliance
RCMC is typically valid for five years and requires renewal with updated documentation and export performance records. Delays in renewal can disrupt access to incentives.
Understanding Eligibility
Exporters must ensure their products qualify under GJEPC’s purview. Misunderstandings can delay registration or cause rejection.
Processing Time
Though the process is largely online, administrative delays or incomplete documents can impact the issuance time of RCMC certificates.
Conclusion
The Registration-Cum-Membership Certificate (RCMC) granted by the Gem &Jewellery Export Promotion Council (GJEPC) is a critical credential for exporters to validate their status, access government incentives, and participate in international trade promotion initiatives. While the application and renewal processes come with certain challenges, the benefits significantly outweigh these issues, making RCMC indispensable for gem and jewellery exporters looking to expand their global footprint.
By acquiring and maintaining an RCMC from GJEPC, exporters align themselves with a national institution committed to promoting industry growth, providing export facilitation, and advocating policy support. This certification is a fundamental pillar supporting India’s continued prominence on the global gem and jewellery export map.
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