What is FIEO ?
The Federation of Indian Export Organisations (FIEO), an apex group of Indian export promotion organisations, was established by the Ministry of Commerce, Government of India, to promote India’s exports. The council, which is based in New Delhi, symbolises the spirit of enterprise of Indian entrepreneurs in the worldwide market. The Federation of Indian Export Organizations (FIEO) will be examined in depth in this article.
The FIEO’s principal goal is to assist members in expanding their businesses globally, and it has been proactive in bringing exporters’ concerns and difficulties to the attention of the appropriate agencies for prompt resolution.
The Federation of Indian Export Organisations’ (FIEO) export promotion activities are as follows:
FIEO publishes a weekly e-bulletin to keep traders informed about worldwide trends impacting international trade as well as information about the country’s foreign trade.
It is a knowledge platform covering MFN Tariffs, Preferential Tariffs, SPS/TBT, and Rules of Origin of 65 countries, import statistics of 87 countries, and India’s contribution to imports. It is available for free online on the Indian Trade Portal.
On the FIEO website, the council provides two more chat services to answer questions about Corporate Legal Affairs, Arbitration, International Agreements, Technology Transfer, Patents, Trade Marks, Brand Management, Copyright, and other relevant topics, as well as quality standards.
On the FIEO website, you can find press clippings on international trade concerns.
Spot rates, Forward rates, Forward Calculator, FOREX Matrix, Pivot Points, LIBOR Rate, Historical Data, Currency Source, and Chart are among the FOREX Services offered by FIEO.
The FIEO’s membership registration criteria are governed by the Indian Foreign Trade Policy and the FIEO’s Memorandum and Articles of Association. An exporter must get a Registration-cum-Membership Certificate (RCMC) in order to take advantage of the Foreign Trade Policy’s many incentives.
Registration for FIEO Membership Eligibility
The RCMC can be obtained by registering with the FIEO as a Merchant Exporter, Manufacturer Exporter, Merchant-cum-Manufacturer Exporter, or Service Provider.
If an export product isn’t covered by an Export Promotion Council or a Commodity Board, the RCMC for that product must be obtained from FIEO.
Multi-product exporters who are not registered with an Export Promotion Council and whose main line of business has yet to be determined must get RCMC from the Federation of Indian Exporters Organization (FIEO).
Other than the 14 services included in the Handbook of Procedures, FIEO is the registered authority for service exporters.
The Federation of Indian Export Organizations (FIEO) offers the following benefits to members:
RCMC: The FIEO offers a Registration-cum-membership certificate (RCMC) to both status and non-status holders (under the Multiple Product Category), which they can utilise to earn benefits under the Foreign Trade Policy.
MAI Grant: FIEO awards Market Access Initiative Scheme grants to eligible members who participate in international exhibits, trade fairs, and delegations, as well as providing subsidised booths at international exhibitions. In a given year, FIEO exhibits in approximately 50 well-known exhibitions across the world.
B2B Meetings: From time to time, FIEO hosts a meeting of its members with inbound delegations from other nations.
Hosting on the FIEO website: FIEO offers its members the free service of submitting product images to the organization’s official website. Members of FIEO can also create a searchable profile on the FIEO website.
FIEO Search Engine: The FIEO website has a search engine that allows buyers to look for exporters from India who deal in a variety of items. Only FIEO members’ names are published, and buyers have the option of directly contacting member exporters.
The FIEO search engine is also available on the websites of numerous Indian missions. In the future, the coverage will expand even more. Members of FIEO can use the platform to discuss issues with various authorities such as excise, customs, and the DGFT, among others. Regular discussions with decision-makers are held to address the difficulties of exporters.
FIEO CO: The council provides members with Certificates of Origin and Visa Recommendation Letters to help them travel internationally.
Fee for Sl.No Exporter Type Registration
1.6250 rupees for a single exporter
2.Rs. 6,250 for 2 Multi-Products Group
3. Premier Multi-Product Group Rs.7000
4.Rs.6250 for 4 service providers
5.Rs. 9,375/- for 5 FTZ units/EOUs
6.Rs. 9,375/- One Star Export House
7.Rs.12,500/- Two Star Export House
8. Rs.25,000/- Three Star Export House
9.Rs.50,000/- Four Star Export House
10.Rs.93,750/- 10 Five Star Export House
11.Rs. 6,250/- for the 11th State Export Organization
Note that the fees shown above do not include the 18 percent GST.
If you have a revenue of Rs 5.00 crore or more, you must register as a Multi-Product Group (Premier)
Membership Fee Discount
If the membership cost is paid for five years in advance, FIEO members receive a 10% discount, and if the membership fee is paid for three years in advance, they receive a 5% discount. In the event of Status Holders, it will, however, be subject to the continuation of their status.
FOREX SERVICE CHARGES
FOREX Services are provided for Rs. 3000/- per annum for FIEO members and Rs. 4000/- per annum for non-members, Monday to Friday (excluding Gazetted Holidays) at 10.30 a.m., Monday to Friday (except Gazetted Holidays).
To receive the FIEO Membership Registration, the following documents must be submitted with the application form:
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