What is Export Promotional Councils (EPC) in India? What are their roles in Exports?
by Paras Mehra 96.5K
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
- Promoting Government Schemes: Export Promotional Council (EPC) helps and promotes the exporters by making them aware of the government schemes and other benefits.
- 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.
- 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.
-
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.
To check the list of export councils or commodity board of India, then refer the link below:
Export Promotional Councils in India
Conclusion
If you have any doubt regarding the registration with Export Promotional Board, then please drop your query here.