Plexoconcil Registration

Are you in the plastic industry in India and looking to boost your exports to the global market? Look no further than the Plastics Export Promotion Council (PLEXCONCIL). Established in 1955 by the Ministry of Commerce & Industry Department of Commerce Government of India, PLEXCONCIL is a non-profit organization registered under section 25 of the Companies Act 1956. Representing over 2500 exporters who manufacture, trade, and deal in plastics products, PLEXCONCIL aims to promote India as a major sourcing hub for quality plastic products and provide support to Indian companies to showcase their products across the world. Want to become a member of PLEXCONCIL? Find out how in this article.

I. Introduction to PLEXCONCIL registration in India

Purpose of PLEXCONCIL:

The Plastic Export Promotion Council of India (PLEXCONCIL) was established with a vision to boost the manufacturing and export of high-quality plastic products from India. The purpose of PLEXCONCIL is to project India as a reliable supplier of plastic goods and to create awareness amongst the plastic export fraternity about various government trade development schemes providing export potential statistics and international market intelligence. As an apex body of the plastics industry in India, PLEXCONCIL represents around 2,500 exporters who manufacture, trade, and deal in plastic products. The council leads delegations to trade fairs in India and abroad, organizes buyer-seller meets, and represents manufacturers and exporters of a wide spectrum of plastic goods from raw materials to semi-finished and finished items. By registering with PLEXCONCIL, plastic companies can expand their market reach, avail network opportunities, and gain access to industry resources. 

Importance of PLEXCONCIL registration for plastic companies in India

PLEXCONCIL registration is crucial for plastic companies looking to expand their business in India. It provides numerous benefits that can lead to long-term growth and success. Firstly, PLEXCONCIL promotes plastic exports by providing market research and project reports, which helps companies identify the best markets for their products. Member companies also have exclusive access to industry information and resources, including trade fairs and seminars, which can facilitate networking opportunities and generate new business leads. Secondly, PLEXCONCIL offers a variety of professional development opportunities, including training programs, workshops, and certification courses, that can help companies improve their skills and increase their competitive edge. Thirdly, member companies can take advantage of discounts and special offers, which can significantly lower their operational costs. Overall, PLEXCONCIL registration is a wise investment for any plastic company that wants to thrive in India’s dynamic marketplace.

II. Eligibility Requirements for PLEXCONCIL registration

List of products for which companies can become members

Companies the plastic industry in India can become members of PLEXCONCIL and benefit from a range of advantages. PLEXCONCIL represents manufacturers and exporters of a wide spectrum of plastic items, including raw materials, semi-finished items, PVC fabricated goods, PVC sheeting/film, dental products and other medical disposables, plastic bags, plastic tarpaulins, plastic bangles, imitation jewellery, and all products made predominantly of plastic materials by processing raw materials through injection/blow moulding, extrusion calendaring fabrications, and other processes. The council leads delegations to trade fairs and organises buyer-seller meets, helping its members expand their businesses and find appropriate trade partners. Members also receive discounts in fees at international trade fairs, assistance on export financing, and are eligible for export awards for outstanding export performance. Overall, PLEXCONCIL membership can help plastic companies in India increase their export opportunities and highlight the country as a reliable supplier of high-quality plastic products. 

Required documents for registration

To become a member of PLEXCONCIL, plastic companies in India need to provide several documents to complete their registration. These documents include the names and addresses of the office or business of all partners, directors, proprietor, and their residential addresses. If the company is a limited company, they need to provide a copy of the Memorandum and Articles of Association, and if it is a partnership company, they need to give a copy of the partnership deed. The company also needs to provide a copy of the Import Export Code certificate and business PAN number. In case the company is a manufacturer or exporter, they need to provide a certified true copy of the registration certificate issued by the sponsoring authorities, such as Director of Industries/Secretariat for industrial approvals. Once the company has all these documents in hand, they can follow the step-by-step procedure to register with PLEXCONCIL mentioned on their website.

III. Steps to obtain PLEXCONCIL registration

Logging in to DGFT portal

To log in to the DGFT portal, you will first need to create an account using your IEC code. Once you have done this, you can easily access the portal using your login credentials. The is user-friendly and easy navigate, so you should have no trouble finding the RCMC registration section where you can apply for PLEXCONCIL registration. You will be required to fill in an application form with details such as your company name, address, and PAN number. Make sure to have all of your supporting documents ready, including your PAN card, GST registration certificate, and certificate of incorporation. Once you have submitted your application, it will be reviewed by the authorities. If approved, you will receive an RCMC certificate, which will allow you to access the benefits and schemes provided by PLEXCONCIL as a member. 

Filling out the application form and submitting it for review

After logging in to the DGFT portal, you will need to fill out the application form and submit it for review. The form will require your company’s name, address, and PAN number, as well as supporting documents such as your PAN card, GST registration certificate, and certificate of incorporation. Make sure to check that all the required fields are filled correctly, that the documents you upload are legible and in the required formats, and that the Declaration/Undertaking at the end is carefully read and ticked. Once you have completed the form, you can submit it for review. The authorities will review the form for completeness and accuracy, and if everything is in order, you will receive an RCMC certificate for the plastic export promotion council. This certificate will enable you to access the various benefits and schemes offered by PLEXCONCIL to increase your exports from India. So be sure to take the time to fill out the application form carefully to ensure that you can take full advantage of your membership. 

IV. Benefits of PLEXCONCIL membership for plastic companies

Access to industry information and resources

One of the biggest benefits of registering with PLEXCONCIL is that plastic companies gain access to a wealth of industry information and resources. This includes market intelligence, trade data, statistics on imports and exports, and much more. Access to such information can be invaluable for companies seeking to expand their operations and explore new markets. PLEXCONCIL also provides its members with access to a range of webinars, workshops, and training sessions, designed to keep them up-to-date with the latest industry trends and best practices. This can help businesses stay competitive and maintain their edge over rivals. Additionally, PLEXCONCIL members benefit from discounts and special offers from partner organizations, as well as exclusive access to a range of industry publications and research reports. Overall, PLEXCONCIL provides its members with valuable industry insights and knowledge, crucial for any business seeking to succeed in the competitive world of the plastics industry in India.

Professional development opportunities

One of the major benefits of PLEXCONCIL membership for plastic companies in India is the opportunity for professional development. PLEXCONCIL offers training and education opportunities to help members stay up-to-date with the latest trends and developments in the industry. This allows members to continuously improve their skills and knowledge, making them more competitive in the international market. For example, the organization offers an online certificate course in international business that covers everything from business communication and etiquette to experience sharing by leading exporters. The course is broken down into eight modules, allowing participants to choose the areas they are interested in and to upgrade their skills as necessary. Members can also take advantage of networking opportunities with other members and industry experts, helping them build valuable contacts and connections. Overall, PLEXCONCIL membership offers a wealth of opportunities for professional development and growth in the plastic industry. 

Discounts and special offers

As member of the Plastic Export Promotion Council (PLEXCONCIL), companies in the plastic industry can take advantage of various benefits and schemes to increase their exports from India. One of the perks of being a member is that companies may be eligible for discounts and special offers on products and services from industry partners. These discounts and special offers can help cut costs and increase profitability, making membership in PLEXCONCIL a valuable investment for plastic companies in India. In addition to discounts, membership also provides access to industry information and resources, professional development opportunities, and networking with other industry experts. By becoming a member of PLEXCONCIL, companies can also access export promotion schemes and incentives offered by the government for plastic companies, further increasing their competitiveness in the global market. Overall, the discounts and special offers available to PLEXCONCIL members are just one of the many benefits of membership that can help companies in the plastic industry thrive. 

Access to research and publications

As a member of PLEXCONCIL, plastic companies in India gain access to a wealth of industry information, research, and publications that are not available to non-members. These resources can be invaluable for staying up-to-date with the latest trends and developments in the field. Members can access a wide range of research studies, reports, and white papers, which can help inform their business strategy and decision-making process. Additionally, members can attend various industry events such as conferences, trade shows, and networking events to gain exposure to new markets and connect with potential customers and partners. The association also offers training and education opportunities to members, providing a platform for professional development. By joining PLEXCONCIL, plastic companies in India can access a wide range of resources that can help them to grow their business, improve their competitiveness, and stay ahead of the curve in this dynamic industry. 

Access to industry events

As a registered member of PLEXCONCIL, you will gain access to a wide range of industry events, including conferences, trade shows, and networking events. These events provide great opportunities for plastic companies to connect with industry experts and gain valuable insights into the latest trends and developments in the field. You will have the chance to interact with other members and build professional relationships that could lead to exciting business opportunities. Participating in industry events can help you stay on top of the latest technological advancements and market trends. You will also be able to showcase your products and services at these events and attract potential customers. By attending industry events, you can stay informed about the latest regulations and standards that affect your business. Ultimately, access to industry events is just one of the many benefits of PLEXCONCIL membership that can help you grow your business and achieve your goals. 

V. Fees of PLEXCONCIL registration

Entrance fee and membership cost

When comes to registering with PLEXCONCIL, there are a few fees to keep in mind. First, there is an entrance fee of INR 2,500 (approximately USD 35), which is payable when you apply for membership. This fee applies to all categories of membership – whether you are a manufacturer, exporter, or trader. In addition to the entrance fee, there is an annual membership fee of INR 5,000 (approximately USD 70), which must be renewed each year. This fee is subject to an 18% GST tax. While these costs may seem like a lot upfront, they are a small price to pay for the benefits that come with membership. As a PLEXCONCIL member, you will have access to industry information and resources, professional development opportunities, discounts, special offers, access to research and publications, and access to industry events. Plus, you’ll be able to network with importers and customers interested in the plastic industry. Overall, becoming a member of PLEXCONCIL is a smart investment for any plastic company looking to grow and thrive in the industry.

Additional taxes

It is important to note that while the entrance fee and membership cost for PLEXCONCIL registration may seem straightforward, there are additional taxes to be aware of. Applicants are required to pay an 18% GST on the PLEXCONCIL e-RCMC registration fees, which means that the total fee would be ₹ 13570 including taxes. While this may seem like a lot, it is important to remember that PLEXCONCIL registration offers a wide range of benefits to plastic companies in India. These benefits include access to exclusive industry information and resources, professional development opportunities, discounts and special offers, access to research and publications, and access to industry events. Not only do these benefits help companies stay competitive and up-to-date in their field, but they can also help companies increase their exports and grow their business in the long term.

VI. Importance of PLEXCONCIL registration for plastic companies in India

For plastic companies in India, registering with PLEXCONCIL can bring a multitude of benefits. As the apex body of the Indian plastics industry, PLEXCONCIL works to promote and increase the export of quality plastic products from India. By becoming a member, plastic companies gain access to valuable industry information and resources, as well as professional development opportunities. Members also receive discounts and special offers, as well as access to research and publications. In addition, PLEXCONCIL holds industry events and represents manufacturers and exporters of a wide range of plastic goods. By registering with PLEXCONCIL, plastic companies can also avail of the assistance of various institutions and banks in export financing. Overall, PLEXCONCIL membership can help plastic companies to achieve export excellence and increase their presence in the global market. 

Recap of benefits of membership

In summary, becoming a member of PLEXCONCIL is a smart move for any company in the plastic industry in India. Membership provides access to exclusive industry information, professional development opportunities, discounts and special offers, research and publications, and industry events. It also offers access to government export promotion schemes and incentives, as well as networking opportunities with other members and industry experts. The process of obtaining a registration and membership certificate is straightforward, requiring the submission of certain necessary documents and payment of the application fee. While there are additional taxes to consider, the benefits of PLEXCONCIL membership far outweigh the costs. Overall, PLEXCONCIL membership provides a significant boost to a company’s reputation and visibility in the industry, giving it an edge over competitors and helping it to stay ahead of the game.

VII. Documents Required for Plexoconcil Registration in India

The documents required for Plexoconcil registration in India vary depending on the type of registration. However, some of the common documents required are:

1. Company incorporation certificate
2. PAN card of the company
3. GST registration certificate
4. Import-export code (IEC) certificate
5. Bank account details of the company
6. Memorandum of Association (MOA) and Articles of Association (AOA)
7. Letter of Authorization (LOA)
8. Self-attested copy of passport/ voter ID/ Aadhar card of authorized signatory

VIII. Advantages of Plexoconcil Registration in India

1. Plexoconcil registration helps businesses to expand their market share globally.
2. Plexoconcil facilitates smooth trade relations between Indian businesses and foreign partners.
3. Plexoconcil members have access to valuable trade-related information and market insights.
4. Plexoconcil registration helps businesses to obtain advance licenses and other trade-related benefits.
5. Plexoconcil offers trade protection and assistance in case of disputes.

IX. Disadvantages of Plexoconcil Registration in India

1. Plexoconcil registration comes with a cost, including membership fees.
2. Imported goods may attract higher customs duty and other taxes.
3. Businesses may face challenges in meeting the quality and safety standards of foreign markets.
4. Dependence on foreign markets may impact domestic production and pricing.

X. Process of Plexoconcil Registration in India

The process of Plexoconcil registration in India involves the following steps:

1. Determine the type of registration required based on the nature of the business.
2. Apply for membership by filling an application form with necessary details.
3. Submit the application form along with required documents.
4. Pay the membership fees as prescribed by Plexoconcil.
5. Await confirmation of membership from Plexoconcil.
6. Once membership is confirmed, obtain the necessary licenses and permits for export/import.

XI. Types of Plexoconcil Registration in India

There are two types of Plexoconcil registration in India:

1. Ordinary membership: It is open to companies engaged in export or import, shipping, banking, insurance, and other services related to foreign trade.

2. Associate membership: It is open to companies providing ancillary services, including transport, warehousing, packaging, and inspection services.