Export Promotional Council Boards

Export Promotional Council Boards

INTRODUCTION
Export promotional Councils (EPC) are authorities which are basically promoting, supporting and assisting firms in entering the International markets and realising their optimum potential from given resources. They also provide guidance and assistance to the exporters.
In legal terms, export promotional councils are non-profit organisation registered as a company or society. Each Export promotional council is responsible for his particular group of products.
 
WHAT ROLE DOES EPC PLAYS IN EXPORT IMPORT INDUSTRY
  1. Promoting Government Schemes: Export Promotional Council (EPC) helps and promotes the exporters by making them aware of the government schemes and other benefits.
  1. Collect and restoring data: Export Promotional Council (EPC) further promotes and collects the export data to compare the industry growth and solve any hurdle in between.
  1. Sending trade delegations: To make arrangements for sending trade delegations and study teams to one or more countries for promoting the export of specific products and to circulate the reports of specific products and diversifying to new products.
  1. Other roles: EPC also plays various roles at the policy level to promote and grow the industry.
     
WHY EXPORT PROMOTIONAL COUNCILS ARE USEFUL FOR FIRST TIME EXPORTER
As per the Foreign trade policy of India, any person who either wants to acquire any license to import export restricted or other similar categories of goods or to avail any export related benefit or scheme is liable to register for REGISTRATION CUM MEMBERSHIP CERTIFICATE ( RCMC ).
Export promotional councils provide various benefits to the registered exporters. And hence plays a significant role for any exporter in India.
 
HOW TO REGISTER WITH EXPORT PROMOTIONAL COUNCILS
There are currently 26 export councils and nine commodity board of India. All of these export promotional councils promote a specific set of the product. Hence, the exporter should register under the concerned Export Promotional Councils as per their line of products.

E.g. if you are an exporter of coconut, then you should register under Coconut Board of India.

Comments

Post a Comment

Popular posts from this blog

Cashew Export Promotion Council of India

Image
Cashew Export Promotion Council of India: India is the largest exporter of cashew kernels and cashew nut shell liquid (CNSL). The Cashew Export Promotion Council of India or CEPC or CEPCI was established by the Government of India in 1955, with the active cooperation of the cashew industry with the object of promoting exports of cashew kernels and cashew nut shell liquid from India. It is headquartered in Mundakkal in the city of Kollam, Kerala.The Council serves as an intermediary between importers of cashew kernels and exporters who are members of the council. The council is also supposed to deal with any disputes on exports or imports arising on account of quality standards, breach of contractual obligations, etc. It undertakes numerous activities, such as organizing global buyer-seller meets, organizing studies on the nutritional aspects of cashew and providing support to cashew processors and exporters for improving infrastructu
Read more

The ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd)

Image
The ECGC Limited ( Formerly Export Credit Guarantee Corporation of India Ltd ) :                                              ECGC LTD.               The  ECGC Limited  ( Formerly Export Credit Guarantee Corporation of India Ltd )is a company wholly owned by the Government of India based in Mumbai, Maharashtra. [1 It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. Government of India had initially set up Export Risks Insurance Corporation (ERIC) in July 1957. It was transformed into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit Guarantee Corporation of India in 1983. Type State-owned enterprise Public Industry Insurance Founded 30 July 1957 Headquarters Mumbai, Maharashtra, India Products Export Credit Insurance Website www.ecgc.in Address :   7th floor, Block-E Metropolitianc-26/27 Bandra Kurla Complex Bandra East E Block BKC Bandra Kurla Complex B
Read more