Why is it necessary for an exporter to get registered . with an Export Promotion Council

international-trade
cbse

#1

It is necessary for the exporter to become a member of the appropriate Export Promotion Council and obtain a Registration Cum Membership Certificate (RCMC) for availing benefits available to export fijms from the Government.
Registration with ECGS is necessary in order to protect overseas payments from political and commercial risks. Such a registration also helps the exports firm in getting financial assistance from commercial banks and other financial institutions.