Frequently Asked Questions about REX Registration in India
1. What is REX registration?
REX registration stands for Registered Exporter System. It is a registration process required by exporters in India who want to take advantage of the preferential tariffs offered under the Generalized System of Preferences (GSP) established by the European Union (EU) and other countries.
2. Who needs to register under REX?
Any Indian exporter who wishes to claim the preferential tariff benefits under the GSP schemes of the EU and other countries is required to register under REX.
3. What are the benefits of REX registration?
The main benefit of REX registration is that it allows exporters to self-certify the origin of their goods, instead of having to obtain a Certificate of Origin (COO) from an authorized agency. This simplifies the export process and saves both time and money.
4. How can I register under REX?
To register under REX, exporters need to submit an application to their respective regional office of the Directorate General of Foreign Trade (DGFT). The application should include the necessary documents, such as PAN card, IEC (Importer-Exporter Code), bank certificate, and details of the registered office. Once the application is approved, exporters will be issued a unique REX number.
5. Is REX registration mandatory for all exports?
No, REX registration is not mandatory for all exports. It is only required for exporters who want to avail themselves of preferential tariff benefits under the GSP schemes of the EU and other countries.
6. Can a small-scale exporter register under REX?
Yes, small-scale exporters can also register under REX. There is no restriction on the size or scale of the exporter. Any eligible exporter can apply for REX registration.
7. How long is the REX registration valid for?
REX registration is valid indefinitely unless there are any changes in the information provided during the registration process. In such cases, the exporter is required to update the registration details with the regional DGFT office.
8. Can I use REX registration for exports to countries other than the EU?
Yes, REX registration can be used for exports to countries other than the EU. Many countries have adopted the REX system as a way to simplify the origin certification process. However, it is important to check the specific requirements of each country before using REX registration.
9. What happens if I do not have REX registration?
If an exporter does not have REX registration, they will not be able to claim the preferential tariff benefits under the GSP schemes of the EU and other countries. In such cases, exporters will have to obtain a Certificate of Origin (COO) from an authorized agency to prove the origin of their goods.
10. Are there any fees associated with REX registration?
No, there are no fees associated with REX registration. The process is free of cost for the exporters.