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SEPC Registration

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Service Export Promotion Council of India - Procedure, Eligibility, Documents, Cost

 

Service Export Promotion Council (SEPC) is the apex trade body that helps Indian service exporters. It also takes part in making government policies and acts as a single way for the service industry and the government.

 

SEPC is a link between Indian companies and the rest of the world. It is the hub for both Indian and foreign companies looking for business opportunities in India under Mode-1, Mode-2, Mode-3, and Mode-4 of services trade.

 

It also helps foreign delegates who are looking for better services at lower prices than in other countries. These people can contact SEPC directly to get information about service providers in India.

 

We, the team at Monitrix, provide you with better service support so you can run your business without any legal constraints at a relatively low cost and with hassle-free procedures.

 

With free expert consultation from our team, professionals render a remarkable contribution in establishing trade and commercial businesses to hold more safety norms and standards.

 

 

 

What is SEPC Registration?

 

SEPC Registration, or Service Export Promotion Council, is a process that helps Indian service exporters by providing a registration and membership certificate, i.e., RCMC. A license allows a company to export and receive certain concessions under the country's foreign trade policy. SEPC is established by the Ministry of Commerce and Industry, Government of India, to promote and develop export services. SEPC Registrations are available for service exporters looking to expand their business globally and take advantage of various perks provided by the Indian government.

 

 

 

Benefits of SEPC rcmc registration

                              1. Access to funding: SEPC may be able to provide information about funding opportunities and schemes for service export businesses, such as SEIS scheme and MEIS scheme
                              2. Promotional support: SEPC can provide assistance with promotional activities such as marketing and advertising, which can help businesses increase their visibility and reach potential customers
                              3. Networking opportunities: SEPC offers a range of networking opportunities for service export businesses, including trade fairs and promotional events, which can help businesses establish new connections and partnerships.
                              4. Access to market information: SEPC provides businesses with information about international markets, including details on demand for specific services, potential partners and customers, and regulatory requirements.
                              5. Guidance on government policies & procedures: SEPC can provide assistance with understanding and complying with government policies and procedures related to service exports, including rules and regulations regarding visas, licenses, and other documentation.

 

 

 

 

Procedure of SEPC registration

 

  1. Creation of profile on SEPC online portal
  2. Put the details of company along with nature of service & documentation
  3. Key details of authorized signatory of the company or firm
  4. Issuance of certificate after verification of documents

 

 

 

Eligibility Criteria for SEPC registration

 

Eligibility criteria that must be followed for SEPC RCMC.

                              1. The minimum annual turnover should be not less than USD 15,000 for a company.
                              2. The minimum turnover for proprietorship should be not less than USD 10,000 to be eligible for SEPC certification.
                              3. The exporter can only avail the benefits of the SEPC when the year in participation in the scheme and export is the same.

Checklist for SEPC registration

                              1. IEC certificate
                              2. Registered office address
                              3. Audited export turnover certificate from auditor
                              4. Board resolution signed by authorized signatory
                              5. Name of proprietor/partner and their roles and designation
                              6. Type of activity of company/Firm and short write up about their services

 

 

Documents required for SEPC RCMC certificate

 

These are list of documents required for SEPC rcmc registration

For businesses

  • Digital signature certificate
  • MoA & AoA in case of company
  • 2-photographs of authorized signatory
  • Certificate of Incorporation of company
  • Canceled cheque by authorized signatory
  • Certificate business registration in case of proprietor & partnership Firm
  • Self attested address proof such as (Aadhar Card/ Voter ID) of authorized person

For registered office

  • Rent agreement proof
  • Copy of GST registration
  • Ownership proof of the registered office duly notarized on ?10 stamp paper/Noc from the owner of the property

 

 

 

Cost of SEPC rcmc registration

 

The cost of getting an RCMC from SEPC can vary on the basis of category of business structure:-

Membership category Membership fee
Individual Ordinary Members (Proprietorship/Partnership)

Rs. 7,500 as annual membership fee + Rs. 1350 (GST 18%)

Rs. 5,000 as one-time admission fee + Rs. 900 (GST 18%)

=Total Rs. 14,750/-
Institutional/Corporate Members (All Pvt. Ltd. or Public Limited Companies, Associations, Institutions etc.)

Rs. 20,000 as annual membership fee Rs. 3600 (GST 18%)

Rs. 15,000 as one-time admission fee + Rs. 2700 (GST 18%)

= Total Rs. 41,300/-

 

 

 

 

Renewal and validity of SEPC RCMC

 

The registration cum membership certificate is valid up to the period of one calendar year only starting from 31st of March each year.

Membership categories Renewal Fees
Individual Ordinary Members (Proprietorship/Partnership/LLP)

 

Rs. 8850/-Membership renewal fee. (Incld. 18% GST)

 
Institutional/Corporate Members (All Companies, Associations, Institutions, Trust etc.)

 

Rs. 23600/-Membership renewal fee.(Incld 18% GST)

 

Documents needed for renewal

  1. Valid RCMC issued by SEPC
  2. Import export code certificate issued by DGFT
  3. Duly CA certified detail of foreign exchange earnings of last 3 years

 

 

How to get SEPC RCMC with Monitrix

 

You can get your Service export promotion council registration cum membership certificate in just 3 simple steps

Step 1: Provide required documents

Step 2: Submission application & fee

Step 3: Issuance of RCMC certificate

 

 

Conclusion

 

The SEPC certificate is the type of certificate that enables trading across countries. To obtain SEPC registration, an applicant needs to undergo certain procedures under which facilitation of trade and commerce is enabled across foreign countries. We, the team of professionals, will help you reach out with your queries and all related doubts regarding the SEPC Certificate.