FIEO Registration

The FIEO, a non-profit organization registered under the Societies Registration Act, 1860, serves as a trade promotion group promoting the interests of Indian exporters. Established in 1965, FIEO has played a significant role in the advancement of India’s export industry. Indian exporters are required to obtain FIEO registration to benefit from the various advantages offered by the organization. This article will examine the process of FIEO registration and the benefits associated with membership.

 

TYPES OF FIEO MEMBERSHIP:

FIEO provides a variety of membership options that depend on the size of the organization and the amount of revenue generated from exporting. The various types of FIEO membership include:

1. Regular membership is intended for exporters who operate on a limited scale and have an export revenue of no more than Rs. 5 crores.
2. The Associate Membership is available for exporters who export goods on a medium scale and have an export revenue between Rs. 5 crores and Rs. 25 crores.
3. The Patron Membership is intended for exporters engaging in significant business with export earnings exceeding Rs. 25 crores.

 

BENEFITS OF FIEO MEMBERSHIP:

Indian exporters can avail various advantages through the membership of FIEO, which includes:

• FIEO arranges trade fairs and exhibitions both in India and overseas to boost the export of Indian products. Members of FIEO can avail of reduced fees to take part in these gatherings.
• FIEO supplies its members with market intelligence, encompassing statistics about foreign markets, regulations governing trade, and updates on trade policies. By providing this information, FIEO assists its members in making knowledgeable decisions about their business.
• FIEO provides training and development opportunities for its members with the aim of improving their knowledge and skills related to exporting. The training options include workshops, seminars, and other sessions that cover a range of topics related to exports.
• FIEO aids its members in matters relating to export by offering assistance with export documentation, export financing, and guidance on export procedures.
• FIEO facilitates the members to connect and build relationships through networking events where exporters, buyers, and other participants in the export industry come together.
• FIEO serves as a mediator connecting exporters with the government, supporting their needs and promoting advantageous policies and regulations.

 

FIEO REGISTRATION PROCESS:

The FIEO registration process comprises of the subsequent stages:

Step one involves going to the FIEO website and selecting the option labeled ‘Registration’.

 

Select the category of subscription you desire to register for as step 2.

The third step involves completing the membership application form by providing essential information such as the name of the company, its address and contact details, as well as export earnings.

In order to become a member, you will need to complete Step 4 by processing payment for your chosen membership plan online. The cost of the membership varies depending on the type of plan you select.

In order to complete the process, you must provide additional paperwork including the company registration certificate, PAN card, and any necessary export-related documents before submitting your application form.

Upon completion of the application review and approval process, the applicant shall be sent a confirmation email containing their FIEO membership number.

 

The documentation that is needed for FIEO registration must be provided:

To register with FIEO, you must submit the following documents.

• Company Registration Certificate
• PAN card
• Exporter Importer Code (IEC) certificate
• Bank Account Details
• Proof of Export Turnover
• If relevant, a certification of registration for GST should be included.
• Documents associated with exports, such as bills for exporting and shipping.

 

COST INVOLVED:

The cost of joining FIEO depends on the type of membership one selects. Here are the fees for the different FIEO memberships:

1. Ordinary Membership: Rs. 5,000 per annum
2. An associate membership costs Rs. 15,000 per year.
3. Patron Membership: Rs. 25,000 per annum

 

TIME INVOLVED:

The duration of the FIEO registration procedure is determined by the precision of the application and the time required for document authentication. Generally, it takes about 15 to 30 days to complete the FIEO registration process.

 

DISADVANTAGES OF FIEO MEMBERSHIP:

The following outlines the drawbacks associated with being a member of the FIEO.

• Membership fee
• The duration needed for completing the registration procedure.
• Adherence to the regulations and guidelines set by FIEO

 

The regulations that must be met in order to register with FIEO:

Although it is not mandatory for Indian exporters to register with FIEO, being a member can bring many advantages and be beneficial for promoting India’s export industry.

 

RULES FOR FIEO MEMBERSHIP:

The subsequent guidelines specify the criteria for being a part of FIEO.

• Membership is valid for one year.
• The membership fee is non-refundable.
• It is necessary for all members to adhere to the rules and regulations set by FIEO.
• It is mandatory for FIEO members to take part in the organization’s events and undertakings.
• In order to retain their membership status, individuals must sustain their level of exported goods for the assigned category.

 

CONCLUSION:

FIEO registration is an essential requirement for Indian exporters who wish to avail of the various benefits provided by the organization. FIEO membership offers several benefits to Indian exporters, including access to trade fairs and exhibitions, market information, training and development, export assistance, networking opportunities, and government liaison. The FIEO registration process is straightforward and can be completed online. Therefore, Indian exporters should consider becoming FIEO members to take advantage of the benefits offered by the organization.