SEPC License
The Indian Government's Ministry of Commerce and Industry established the Services Export Promotion Council (SEPC) to provide guidance and support to the Services Sector for promoting exports of services. Established in 2006, the SEPC has played a key role in facilitating service exports. SEPC's main duties include generating business prospects for both new and current service exporters. To serve as a bridge between the Government and Industry by offering policy suggestions, addressing industry issues, and offering information on both existing and developing global markets in terms of opportunities, challenges, and regulatory structures. To support exports by creating business facilitators such as rewards and planning appropriate market-focused promotional events and activities. To offer a range of grants and programs as announced by the Ministry of Commerce, other relevant government departments, and State Governments.
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All You Need to Know About SEPC License
1. The Government of India's Ministry of Commerce and Industry established the Services Export Promotion Council to acknowledge and support the importance of the Services Sector. Since starting in 2006, SEPC has been crucial in enabling the export of services. The council has a variety of functions and duties focused on advancing the development of the services sector.
2. Promoting business opportunities for both new and established exporters of services. Serving as a medium to connect the government and the industry. Giving guidance on policies and dealing with challenges in the industry. Providing information on worldwide markets, encompassing prospects, obstacles, and regulatory structures. Creating tools for businesses, like rewards, to increase the amount of exports.
3. Creating promotional events and activities that are focused on the market. Granting access to different grants and programs introduced by the Ministry of Commerce, other ministries, and state governments. Gain access to genuine business opportunities and market entry prospects in established and developing markets.
4. Display their company profile on the website www.servicesepc.org in the section labeled MY SEPC. Use online tools to attract the attention of international buyers. Obtain assistance from Indian Embassies/Missions for global business opportunities. Simplify visa procedures for business trips.
5. Developing policies to establish a conducive atmosphere for business operations. Utilize benefits offered by the Market Access Initiative Scheme from the Ministry of Commerce and Industry. Gain access to upcoming export incentives established in the Foreign Trade Policy. Qualify for programs offered by the Ministry of Micro, Small, and Medium Enterprises. Obtain certificates for export achievement or duty/GST payment to qualify for Bank Guarantee exemption for Advance Authorisation (AA)/DFIA/EPCG approval.
6. Getting a Services Export Promotion Council (SEPC) license in India offers various advantages for service exporters. SEPC, formed under the Ministry of Commerce and Industry, Government of India, is committed to supporting and easing the process of exporting services. Listed below are the advantages of acquiring an SEPC license, an SEPC license effectively generates business prospects for services exporters, whether they are new or already established.
7. Acts as a bridge connecting the government and industry by offering policy advice and tackling industry concerns. Provides information on worldwide markets, encompassing current and developing chances, obstacles, and regulatory structures. Develops mechanisms, such as rewards, to enhance and ease the process of exporting goods. Creates promotional events and activities focused on the market to improve visibility.
8. Gives individuals access to different grants and programs offered by the Ministry of Commerce, as well as other Ministries and State Governments. Gain legitimate business opportunities and entry into current and developing markets. Enables online networking to help businesses attract attention from international buyers.
9. Indian Embassies/Missions offer essential assistance for business opportunities abroad. They also encourage involvement in policy creation to support a conducive business climate. Allows attendance at global trade shows, Reverse Buyer-Sellers Meets, and other export promotion events with financial support. Utilizes benefits within the Market Access Initiative Scheme offered by the Ministry of Commerce and Industry.
10. Provides partial assistance with airfare expenses (based on set criteria) when attending international exhibitions with the SEPC pavilion. Utilize Export Incentives established by the Foreign Trade Policy. Qualifies for programs offered by the Ministry of Micro, Small, and Medium Enterprises.
SEPC License
Documents Required
1. Digital Signature Certificate.
2. Memorandum of Association & Articles of Association in the case of a company.
3. Two photographs of the authorised signatory.
4. Certificate of Incorporation of the company.
5. Cancelled cheque by the authorised signatory.
6. Certificate of business registration in the case of a proprietorship or partnership firm.
7. Self-attested address proof (like for example Aadhar Card/Voter ID) of the authorised person.
8. Proof of Rent Agreement.
9. Copy of GST Registration.
10. Ownership proof of the registered office duly notarised on Rs. 10 stamp paper or No Objection Certificate from the owner of the property.
Process to get SEPC License
STEP 1: Login into SEPC online portal
Login into SEPC online portal, login as a user verify your account to file for SEPC license.
STEP 2: Fill the application form for SEPC license
Fill the application form for SEPC license, fill every detail correctly providing false information can leads the cancellation of process along with legal actions against you. While filing the form fill every column carefully. Tell about your product for the export purpose provide necessary details about your business.
STEP 3: Submit the documents asked by the govt.
Submit the documents asked by the govt. through their SEPC portal, providing any false document will lead you to legal consequences. Every document uploaded shall be in readable form blur image of such document may create a hurdle in your SEPC process.
STEP 4: Verification of you uploaded documents
Verification of you uploaded documents, once the documents are uploaded then the appropriate govt. shall verify every document uploaded by you.
STEP 5: application and the documents
Once the officials are satisfied with your application and the documents uploaded, they may issue you the license as per the terms.
Fees for New Membership
| SI.NO. | Membership category | Existing membership fee | Revised membership fee/offer fees |
|---|---|---|---|
| 1. | Individual Ordinary Members (Proprietorship/partnership) | RS. 7,500 as annual membership fee + RS.1350 (GST 18%) Rs.5,000 as one-time admission fee + Rs.900 (GST 18%) = Total RS. 14,750/- | Rs.7,500 as annual membership fee + Rs.1350(GST 18%) = Total Rs. 8850/- |
| 2. | Institutional/ corporate Members (All Pvt. ltd. Public Limted Companies, Association,Institutions etc.) | RS.20,000 as annual membership fee + RS.3600 (GST 18%) Rs.15,000 as one-time admission fee + Rs.2700 (GST 18%) = Total RS.41,300/- | Rs.20,000 as annual membership fee + Rs.3600(GST 18%) = Total Rs.23600/- |
Fees for Renewal of Membership
| SI.NO. | Membership category | Fees as per financial year |
|---|---|---|
| 1. | Individual Ordinary Members (Proprietorship/partnership) | Rs.8850/- membership renewal (including GST 18%) |
| 2. | Institutional/ corporate Members (All Pvt. ltd. Public Limted Companies, Association,Institutions etc.) | Rs.23600/- membership renewal fee (including GST 18%) |
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FAQs
What are the benefits provided to Businesses through SEPC?
Advantages consist of genuine trade opportunities, online networking, assistance from Indian Embassies, engagement in global gatherings, and rewards offered through different programs.
What’s SEPC and why is it so important for Exporting Businesses?
SEPC, also known as Services Export Promotion Council, plays a vital role for Indian service exporters by acting as a link between government and industry, assisting in exports and offering policy suggestions.
Does SEPC registration is mandatory?
One of the necessary documents needed is RCMC to claim export incentives and subsidies from schemes such as SEIS, Advance License, and EPCG.
Is SEPC is a govt. company?
SEPC, a council established by the Ministry of Commerce and Industry in India, has played a key role in assisting Indian service exporters and presenting India as a trustworthy provider of top-notch services.
What does SEPC do?
SEPC Limited functions as a company that provides engineering services. The Company offers complete design, engineering, procurement, construction, and project management solutions for renewable energy projects, process and metallurgical plants, and municipal service sectors, as well as produces wind turbine generators.