FIEO registration
online comes with certain compliance requirements that exporters must follow to
maintain their membership and enjoy the associated benefits. Some of the
compliance requirements under FIEO are discussed below:
Change in
Constitution
If there is an
adjustment in possession, constitution, name or address of an exporter, it is
compulsory for the RCMC holder to imply the change to the enrolling authority
within a month from the date of such change. Enlisting authority acknowledges
defers that are made on merits.
Quarterly
Returns
If there is an
adjustment in possession, constitution, name or address of an exporter, it is
compulsory for the RCMC holder to imply the change to the enrolling authority
within a month from the date of such change. Enlisting authority acknowledges
defers that are made on merits.
Issue
Resolution
The FIEO assists
exporters in guiding them to the appropriate authorities for the resolution of
issues and international problems which requires clarification.
Organizes
High-Level Meetings
The FIEO exporters
ensures organizing high-level meetings between government officials and
exporters for addressing the trade-related issues/ providing information on
current trade-related policies.
Reduced
Trade Barriers
FIEO ensures
providing guidance and processing trade-related matters, including export
regulations, customs, procedures, documentation, and tariff rates, for reducing
the trade barriers for exporters.
Penalty
for Non-Compliance Under FIEO Registration
The Export Promotion
Council may de-register an exporter for a specific period if they violate the
conditions of FIEO registration, but only after providing a fair opportunity
for the exporter to defend themselves.
To eliminate the
penalties for non-compliance under FIEO registration, connect with our expert
professionals.
Role of
FIEO Registration in India’s Export Trade
The role of FIEO
registration in India’s export trade is as discussed below:
- FIEO represents
exporters’ interest in policy formulation and trade negotiations.
- FIEO
registration provides data and insights on global markets and trade trends.
- FIEO offers
workshops and seminars to enhance exporters’ skills and knowledge.
- FIEO organizes
trade fairs, buyer-seller meets, and international delegations.
- FIEO
registration assists with export documentation, compliance, and resolving
trade-related issues.
Services
of Federation of Indian Export Organization in India
The activities/
services of Export Promotion of the Federation of Indian Export Organizations
(FIEO) in India, are as discussed below:
1. e-Bulletin
for Regular Updates: FIEO
proposes an e-bulletin weekly to keep the traders updated with the worldwide
developments that are affecting the country's foreign trade-related information
and international trade as well.
2. Fee
Service Online: Free
Service Online is accessible on the Indian Trade Portal, which is a knowledge
platform for MFN Tariffs, Preferential Tariffs, SPS/TBT, and Rules of Origin of
65 countries, Import statistics of 87 countries and India's contribution in the
imports.
3. Chat
Services: The
council has two more chat services on the FIEO website to clarify the queries
on Corporate Legal Affairs, Arbitration, International Agreement, Technology
Transfer, Patents, Trade Marks, Brand Management, Copyright, and related topics
and to clarify the queries on quality standards.
4. Provides
Press Clippings: The
exports who are registered members FIEO provide press clippings on issues
related to international trade are available on FIEO's website.
5. FOREX
Services:FIEO had
started FOREX Services which includes Spot rates, Forward rates, Forward
Calculator, FOREX Matrix, Pivot Points, LIBOR Rate, Historical Data, Currency
Source, and Chart.