Paytm is one of India’s fastest-growing online marketplaces and payment ecosystems. Whether you sell through Paytm Mall, Paytm E-commerce, or Paytm Payments Bank services, staying compliant is essential to avoid penalties, payment delays, or account suspension.

This complete 2025 guide by Saving Mantra covers every compliance requirement for Paytm sellers—from GST to settlement reconciliation, TDS/TCS, trademark/FSSAI, and income tax filing.

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1. Paytm Seller Registration Requirements

To begin selling on Paytm, you must complete:

• Proprietorship / Partnership / LLP / Private Limited Company setup
• PAN + Aadhaar verification
• GST Registration (mandatory for Paytm Mall sellers)
• Bank account verification
• Product listing documentation

Best recommended structures:

• LLP – Low compliance, good credibility
• Private Limited Company – Strong for scaling, GST management & brand protection

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2. GST Compliance for Paytm Sellers

2.1 GST Registration

Mandatory for most sellers because Paytm is treated as an e-commerce operator.

2.2 Monthly GST Filing

You must file:

• GSTR-1 – Outward sales
• GSTR-3B – Tax summary
• GSTR-2B – Input Tax Credit reconciliation

2.3 Paytm GST Reports Required for Filing

You must reconcile:

• Sales
• Returns
• Shipping fees
• Commission
• Paytm Payment Gateway charges
• Refund adjustments

GST mismatch = penalties + ITC denial + audit flags.

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3. TCS & TDS Rules for Paytm Sellers

3.1 TCS under GST

Paytm deducts TCS @ 1% on net sales and deposits it in your GST account.
You must claim this credit during filing.

3.2 TDS under Section 194-O

Paytm deducts TDS @ 1% on gross sales.
This deduction appears in Form 26AS and reduces your tax liability.

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4. Invoicing Requirements

Paytm sellers must issue GST-compliant invoices with:

• GSTIN
• HSN code
• Product details
• Customer details
• Paytm Order ID
• Tax rate & breakup
• Shipping & fulfilment details

E-Invoicing

Mandatory only if the seller’s turnover exceeds the notified limit.

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5. Accounting & Bookkeeping Requirements

Paytm sellers must maintain:

• Sales register
• Purchase register
• Inventory register
• Expense ledger
• Commission & payment gateway charges
• Refund statements
• Credit notes & debit notes
• Settlement summaries

Accurate books ensure clean GST & IT filings and protect sellers during audits.

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6. Product Compliance for Paytm Sellers

Depending on your product, Paytm may require:

6.1 FSSAI License

For food items, beverages, supplements, and consumables.

6.2 Trademark Registration

Important for brand protection and Paytm Brand Store setup.

6.3 BIS / ISI Certifications

Required for electronics, toys, appliances, lighting products, etc.

6.4 Legal Metrology (LMPC)

Mandatory for pre-packed goods with MRP.

Missing certificates may lead to listing removal or account suspension.

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7. Paytm Settlement, Returns & Reconciliation

Paytm deducts multiple charges before releasing payment:

• Commission
• Shipping charges
• Payment gateway fees
• Return adjustments
• Refund deductions
• Claims & penalties

Why Reconciliation Matters

• Ensures correct GST reporting
• Identifies unpaid reimbursements
• Prevents losses due to mischarges
• Detects incorrect return/damage claims

Most sellers lose 3–7% of revenue due to poor reconciliation.

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8. Income Tax Compliance for Paytm Sellers

8.1 Income Calculation

Taxable income =
Sales – Purchase – Expenses – Marketplace fees – Packaging/shipping – Return loss

8.2 Correct ITR Form

• Proprietorship – ITR-3 / ITR-4
• Partnership / LLP – ITR-5
• Private Limited – ITR-6

8.3 Tax Audit

Required if:

• Turnover > ₹1 crore, OR
• Turnover > ₹10 crore with 95% digital payments

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9. Annual Compliance Checklist

For Proprietorship

• GST filings
• Income tax return
• Books of accounts

For LLP / Partnerships

• Annual ROC filing
• Income tax return
• GST filing

For Private Limited Companies

• Statutory audit
• ROC filing (AOC-4, MGT-7)
• GST & Income Tax returns

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10. Common Mistakes Paytm Sellers Should Avoid

• Incorrect GST reporting
• Not claiming TCS credits
• Not reconciling settlement reports
• Missing HSN codes
• No trademark for brand protection
• Selling regulated products without required licenses
• Poor record keeping

These mistakes can lead to payment holds, penalties, and account restrictions.

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11. How Saving Mantra Helps Paytm Sellers

Saving Mantra provides full compliance support:

• GST registration & returns
• Paytm reconciliation (sales, fees, returns, reimbursements)
• Trademark, FSSAI & BIS registrations
• Business setup (LLP / Pvt. Ltd.)
• Income tax filing for sellers
• ROC & annual company filings
• Marketplace accounting & automation

We keep your Paytm seller account 100% compliant, audit-ready, and profit optimized.

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Disclaimer

This article is for educational and informational purposes only. Compliance requirements vary based on business nature, product category, and tax laws. This content should not be taken as legal or tax advice. Consult a qualified professional for personalised guidance. Saving Mantra is not responsible for decisions made based on this article.

Step 1: Visit the Official GJEPC Website

Go to:
https://www.gjepc.org
Navigate to Membership → New Registration.

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✔ Step 2: Create a User Account

Enter:

• IEC Number
• PAN
• Business Name
• Email ID
• Mobile Number

Verify OTP to activate your account.

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✔ Step 3: Fill Out the Membership Application Form

Provide details including:

• Type of exporter (Merchant / Manufacturer)
• Category of jewellery/gems handled
• Office address & contact information
• Authorized signatory details
• Bank details

Ensure that the details match your IEC and GST documents.

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✔ Step 4: Upload the Required Documents

Upload scanned documents in PDF/JPEG:

• IEC certificate
• GST certificate
• PAN
• Address proof
• Partnership Deed / MOA & AOA
• Cancelled cheque
• Shop Act License
• MSME certificate (optional)

Check that all uploads are clear and legible.

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✔ Step 5: Pay the Membership Fee Online

Membership fees vary based on exporter type and category, which may include:

• One-time Admission Fee
• Annual Subscription Fee

Payment modes include:

• Net Banking
• Debit/Credit Card
• UPI

Save the payment acknowledgement for future reference.

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✔ Step 6: GJEPC Verification and Approval

The council reviews:

• Document authenticity
• Business credentials
• Export potential

If required, GJEPC may ask for additional clarification.

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✔ Step 7: Receive GJEPC Membership & RCMC Certificate

Once approved, you receive:

• GJEPC Membership Certificate
• RCMC (Registration Cum Membership Certificate)
• Login credentials to access member benefits

RCMC is typically valid for five years, while membership must be renewed annually.

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✔ Step 8: Renew Membership Annually

Annual membership renewal ensures continued access to:

• Trade shows
• Buyer-seller meets
• DGFT schemes
• Industry updates

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Common Mistakes to Avoid

• Mismatch in PAN, IEC, GST details
• Uploading unclear scanned documents
• Not renewing membership on time
• Using incorrect business category
• Missing signatures in board resolutions

SavingMantra recommends cross-checking your documents before submission.

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Frequently Asked Questions (FAQ)

1. Is GJEPC registration mandatory for jewellery exporters?

Yes, for exporters seeking RCMC and DGFT benefits.

2. What is the validity of the RCMC?

RCMC is valid for 5 years, but annual membership renewal is required.

3. Can a trader register with GJEPC?

Yes, merchant exporters are fully eligible.

4. How long does approval take?

Usually 3–7 working days, depending on verification.

5. Is Udyam MSME mandatory?

Not mandatory, but helpful for MSME benefits.

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Conclusion

Registering with GJEPC is essential for businesses involved in gem and jewellery exports. It opens the door to global opportunities, provides access to government incentives, and strengthens credibility in international markets. The online registration process is simple and streamlined—making it easy for new and established exporters to become members.

At SavingMantra, we assist with:
✔ GJEPC Registration & RCMC Issuance
✔ DGFT Incentive Scheme Applications
✔ IEC, GST & Licensing Support
✔ Export Compliance Documentation

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WordPress Disclaimer (Add at Bottom of Blog)

Disclaimer: This blog is intended for informational purposes only. GJEPC rules, membership procedures, and government policies may change periodically. Readers should verify information through official GJEPC notifications or consult a qualified professional before taking action. SavingMantra is not responsible for any errors, omissions, or regulatory changes that may affect the information provided.

Step 1 — Check Eligibility for RoDTEP Scheme

Eligible exporters include:

• Manufacturer exporters
• Merchant exporters
• Job workers (with specific conditions)

Exports must be:

• Classified under HS codes notified in RoDTEP Schedule
• Supported by EDI shipping bills
• Cleared under free shipping bill category
• Goods of Indian origin

Not eligible:

• SEZ units
• EOUs (subject to change via notifications)
• Imports for re-export
• Trans-shipment exports
• Export goods with no jurisdictional tax incidence

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Step 2 — Register on ICEGATE Portal

To receive RoDTEP credits, exporters must register on ICEGATE.

Steps:

1. Visit https://www.icegate.gov.in
2. Register with IEC + GSTIN
3. Verify PAN-based authentication
4. Add digital signature (DSC)
5. Link bank account for benefit credit
6. Update exporter profile

Without ICEGATE registration, RoDTEP scrips cannot be issued.

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Step 3 — Declare RoDTEP Claim in Shipping Bills

At the time of export, ensure:

• Select “RoDTEP – Yes” in the shipping bill
• Choose correct HS code
• Enter correct port, invoice value, and item details
• Valid LEO (Let Export Order) generated

If RoDTEP is not declared in the shipping bill, the claim cannot be added later.

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Step 4 — Keep Required Documents Ready

Although RoDTEP is automated, DGFT/Customs may ask for supporting documents:

• IEC, GSTIN
• Invoices & packing lists
• Shipping bills
• Export general manifest (EGM) copy
• Manufacturing cost structure (if requested)
• Declaration for no double benefit
• Bank account details
• CA certifications (if required during verification)

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Step 5 — Check RoDTEP Scroll Generation on ICEGATE

After export:

1. ICEGATE automatically processes shipping bills
2. RoDTEP amount is calculated based on:
   • Rate (%)
   • Per unit cap (if applicable)
3. A scroll (credit file) is generated
4. Exporter can view scroll under:
   ICEGATE → Services → RoDTEP → View Scrolls

Scroll details include bill number, HS code, rate, and claim amount.

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Step 6 — Generate RoDTEP Credit Ledger

Once scroll is available:

1. Login to ICEGATE
2. Go to RoDTEP → Create Credit Ledger Account
3. Accept declaration
4. Ledger is activated for credit entries

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Step 7 — Claim Duty Credit Scrip

After ledger creation:

1. Go to RoDTEP → Claim Credits
2. Select scrolls
3. Submit claim
4. Digital credit scrip is issued in ICEGATE account

Scrip appears in your RoDTEP Credit Ledger.

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Step 8 — Use or Transfer RoDTEP Scrip

RoDTEP scrips can be used to pay:

• Basic Customs Duty (BCD)

Scrips are transferable, and you can sell or transfer them through ICEGATE.

Steps:
RoDTEP → Transfer Scrip → Add recipient IEC → Confirm transfer

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Documents Required (Summary)

• IEC & GSTIN
• Bank account details
• Shipping bills
• e-BRC (for verification, not mandatory for RoDTEP credits)
• Manufacturing cost statements (if requested)
• DSC (Digital Signature Certificate)
• Export invoices

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Timeline Overview

Stage	Approx. Time
Shipping bill filing with RoDTEP	At export time
Scroll generation	3–30 days after EGM filing
Ledger creation	Immediate
Claiming credits	Within minutes
Scrip utilization	Anytime after issuance

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Common Mistakes to Avoid

• Not marking “RoDTEP Yes” in the shipping bill
• Wrong HS code selection
• Missing bank account linking in ICEGATE
• Submitting invoices with errors
• Delayed EGM filing by shipping line
• Incorrect IEC/GSTIN mismatch

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Benefits of RoDTEP Scheme

• Refund of embedded taxes and duties
• Boosts export competitiveness
• Fully automated processing
• Transparent credit system
• Transferable scrips for duty payment

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Saving Mantra — RoDTEP Assistance (CTA)

We help exporters with:

• ICEGATE registration
• Shipping bill RoDTEP declaration setup
• Scroll monitoring
• Scrip creation and transfer
• Compliance documentation
• Resolution of suspended or disputed claims

CTA for WordPress:
<a href="/contact">Get Expert RoDTEP Assistance — Contact Saving Mantra</a>

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FAQ

Q: What is the RoDTEP rate?
A: Each HS code has a specific rate and per-unit monetary cap defined in the RoDTEP Schedule.

Q: Is e-BRC required for RoDTEP?
A: Not mandatory for credits, but may be required during audits.

Q: Can shipping bills be amended later for RoDTEP?
A: No. RoDTEP must be selected at export time.

Q: Are RoDTEP scrips transferable?
A: Yes, fully transferable electronically via ICEGATE portal.

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Excerpt (for WordPress Summary)

A complete step-by-step guide to claiming RoDTEP benefits. Learn how to register on ICEGATE, declare RoDTEP in shipping bills, track scrolls, generate scrips, and use credits for customs duty payment.

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Disclaimer (Add at end of blog)

Disclaimer: This article is for general informational purposes only and does not constitute professional, legal, or financial advice. RoDTEP rules, rates, and eligibility criteria are subject to change via government notifications and Customs guidelines. Exporters should verify the latest updates on ICEGATE and CBIC websites or consult a qualified advisor before making decisions. Saving Mantra assumes no responsibility for any errors, omissions, or actions taken based on this information.

Step 1: Visit CAPEXIL Official Website

Go to:
https://capexil.org
Click on Membership → Online RCMC Registration.

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✔ Step 2: Create an Account

Enter:

• IEC Number
• PAN
• Business name
• Contact details (email + mobile)

Verify OTP to activate your account.

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✔ Step 3: Fill Out the Online Application Form

Provide the necessary details:

• Nature of business (Manufacturer / Merchant Exporter)
• Product categories handled
• Business registration details
• Contact person details
• Export turnover (if applicable)

Ensure data matches IEC and GST records.

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✔ Step 4: Upload Required Documents

Upload scanned documents in PDF/JPEG format:

• IEC Certificate
• GST certificate
• PAN
• Address proof
• Partnership Deed / MOA & AOA
• Cancelled cheque
• MSME certificate (if available)

Document clarity speeds up verification.

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✔ Step 5: Pay the Membership Fee

Membership fees depend on exporter category. Payment can be made via:

• Credit/Debit Card
• Net Banking
• UPI

Save the payment receipt for reference.

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✔ Step 6: CAPEXIL Verification Process

CAPEXIL reviews:

• Business eligibility
• Completeness of documents
• Authenticity of IEC and GST information

If additional documents are required, CAPEXIL will notify you via email.

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✔ Step 7: Issuance of Membership Certificate (RCMC)

Once verified, you will receive:

• CAPEXIL RCMC (valid for 5 years)
• Membership ID & login details

You can download the certificate from the portal.

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✔ Step 8: Renew Membership Annually

While the RCMC is valid for 5 years, membership renewal must be done every financial year to keep benefits active.

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Common Mistakes to Avoid

• Mismatch in IEC & GST business names
• Uploading unclear scanned documents
• Not renewing membership annually
• Submitting incomplete application details

SavingMantra recommends verifying documents before uploading.

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Frequently Asked Questions (FAQ)

1. Is CAPEXIL registration mandatory?

It is required for exporters seeking RCMC and availing DGFT benefits.

2. How long does approval take?

Typically 3–7 working days, depending on document verification.

3. Do traders need manufacturer certificates?

No, merchant exporters can apply with IEC and GST alone.

4. What is the validity of the RCMC?

5 years, with annual renewal requirements.

5. Can one exporter register under multiple EPCs?

Yes, depending on product category and export line.

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Conclusion

Registering with CAPEXIL is an essential step for exporters dealing in chemicals and allied products. It not only provides access to DGFT export incentives but also ensures strong industry support, global exposure, and valuable market insights. With a simple online registration process, businesses can easily obtain CAPEXIL membership and boost their export potential.

At SavingMantra, we offer complete assistance with:
✔ CAPEXIL Registration & RCMC Issuance
✔ IEC, GST & Licensing Support
✔ DGFT Scheme Applications
✔ Export Documentation & Compliance

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WordPress Disclaimer (Add at Bottom of Blog)

Disclaimer: This blog is intended for informational purposes only. CAPEXIL rules, registration procedures, and government guidelines may change from time to time. Readers should verify details through official CAPEXIL notifications or consult a qualified professional before taking action. SavingMantra is not responsible for any errors, omissions, or regulatory changes that may affect the information provided.

Step 1 — Check Eligibility for SEIS

You may apply for SEIS if your entity:

• Provides notified services listed in Appendix 3D/3E of FTP
• Earns foreign exchange from customers located outside India
• Has a valid IEC during the period of service export
• Has a valid RCMC and is located in India
• Has earned minimum net foreign exchange (NFE) as per DGFT norms

Eligible service categories include:

• IT & software services
• BPO/KPO
• Professional consulting services
• Hotel & tourism services
• Aviation services
• Healthcare services
• R&D and engineering services

Not eligible: units located in SEZ, foreign branches, freelancers without IEC, domestic service revenue.

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Step 2 — Calculate Net Foreign Exchange (NFE)

Formula:
NFE = Gross Earnings in Foreign Exchange – Total Expenses in Foreign Exchange

NFE must be positive, and minimum thresholds apply depending on service category (e.g., USD 15,000 for individuals, higher for companies).

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Step 3 — Gather Required Documents

• IEC copy
• PAN & GST certificate
• RCMC issued by the relevant Export Promotion Council
• FIRC / e-BRC for foreign exchange realization
• Statement of foreign exchange earnings (CA-certified)
• P&L account and audited financial statements
• Invoices for services exported
• Digital Signature Certificate (DSC)
• Service category code mapping (HSN/ITC codes)

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Step 4 — Register on DGFT Portal

1. Visit: https://dgft.gov.in
2. Create login
3. Link IEC
4. Add Digital Signature Certificate
5. Update exporter profile
6. Ensure e-BRC data is linked from banks

This enables online SEIS filing under the new DGFT system.

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Step 5 — File SEIS Application (ANF 3B)

1. Go to Services → SEIS → Apply for SEIS
2. Select financial year of export
3. Enter NFE earnings
4. Select applicable service category code (Appendix 3D/3E)
5. Upload supporting documents
6. Pay DGFT application fee
7. Submit the form
8. Save SEIS File/Reference Number for tracking

Application goes to the respective DGFT Regional Authority.

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Step 6 — Respond to DGFT Queries / Deficiency Letters

DGFT may ask for:

• Clarification on service category
• FIRC/e-BRC mismatch
• Detailed breakup of foreign exchange earnings
• Proof of service delivery (agreements, invoices, work orders)
• CA certificate correction
• Missing mandatory documents

Upload revisions and explanations directly under:
SEIS → Deficiency → Respond / Upload Documents

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Step 7 — DGFT Processes & Approves the Claim

After verification:

• DGFT approves the application
• Duty credit scrip is generated electronically
• Notification appears in exporter dashboard

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Step 8 — Obtain SEIS Duty Credit Scrip

After approval:

• Scrip is available under “My Scrips”
• Scrip contains value (typically 3% / 5% depending on service category)
• Scrip is freely transferable

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Step 9 — Use or Transfer Duty Credit Scrip

SEIS Duty Credit Scrip can be used to pay:

• Basic Customs Duty
• Additional Customs Duty
• Safeguard and anti-dumping duties (as permitted)

Scrip can also be sold to other importers at market value.

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Documents Required for SEIS Filing (Summary)

• IEC copy
• GST Registration
• RCMC
• Digital Signature
• FIRC / e-BRC
• Service invoices
• CA-certified foreign exchange earnings statement
• Balance sheet & Income statement
• Proof of service delivery (if requested by DGFT)

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Timeline Overview

Process Step	Estimated Time
Filing of SEIS Application	1–2 days
DGFT Review & Approval	30–90 days
Deficiency Letter Resolution	Depends on exporter
Issuance of Scrip	3–7 days after approval

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Common Mistakes to Avoid

• Selecting incorrect service category (Appendix 3D/3E mismatch)
• Incorrect NFE calculation
• Missing or delayed e-BRC uploading
• Not linking IEC with DGFT portal
• Wrong financial year selection
• Submitting invoices without supporting documentation
• Not responding to deficiency letters on time

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Benefits of SEIS

• Additional revenue through duty credit scrip
• Incentivizes forex-generating service sectors
• Scrip is transferable and tradable
• Reduced customs duty costs for importers

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Saving Mantra — SEIS Assistance (CTA)

We support service exporters with:

• Eligibility evaluation
• Calculation of net foreign exchange
• Preparation of ANF 3B and DGFT filing
• e-BRC linking & documentation support
• Deficiency letter replies
• Follow-up with DGFT for scrip issuance

CTA (Insert in WordPress):
<a href="/contact">Get Expert Help with SEIS Filing — Contact Saving Mantra</a>

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FAQ

Q: Is SEIS still active?
A: Not for new exports after March 2020. Only past-year applications or pending deficiency replies continue.

Q: What is the reward percentage under SEIS?
A: Typically 3% or 5% of net foreign exchange earned.

Q: Are SEZ units eligible for SEIS?
A: No, SEZ units are excluded.

Q: What if e-BRC is missing?
A: Claim cannot proceed until the issuing bank uploads e-BRC to the DGFT database.

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Excerpt (for WordPress Post Summary)

A complete step-by-step guide to SEIS filing under DGFT. Includes eligibility, NFE calculation, documents required, DGFT online application process, deficiency letter handling, and scrip issuance.

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Disclaimer (Add at bottom of post or footer)

Disclaimer: This article provides general information on the SEIS scheme and should not be considered legal, financial, or professional advice. SEIS regulations, eligibility norms, and DGFT procedures are subject to change through government notifications. Exporters should verify the latest DGFT guidelines or consult a qualified professional before filing SEIS claims. Saving Mantra is not responsible for any errors, omissions, or outcomes arising from the use of this information.

Step 1: Visit PLEXCONCIL Official Website

Go to:
https://www.plexconcil.org

Click on Membership → New Registration.

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✔ Step 2: Create User Login

Enter the following details:

• Business name
• IEC Number
• Email ID
• Mobile number
• Password

Verify OTP to activate the account.

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✔ Step 3: Fill Membership Application Form

Provide:

• Exporter type (Manufacturer / Merchant / Service Provider)
• Business registration details
• PAN, GSTIN, Udyam details
• Nature of plastic products handled
• Annual turnover (optional)
• Contact details

Ensure all information is accurate, as it will appear on your Membership Certificate.

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✔ Step 4: Upload Required Documents

Attach scanned copies (PDF/JPEG):

• IEC Certificate
• GST Registration
• PAN (Business + Owners/Directors)
• Proof of business premises
• Partnership Deed / MOA & AOA
• Cancelled Cheque
• Passport-size photo

Document clarity ensures faster approval.

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✔ Step 5: Pay Membership Fees Online

Membership fees vary based on exporter type. Fees can be paid via:

• Net Banking
• UPI
• Credit/Debit Card

Keep a screenshot of payment confirmation for reference.

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✔ Step 6: Application Review by PLEXCONCIL

PLEXCONCIL verifies:

• Business legitimacy
• Export capability
• Document authenticity

If additional information is needed, they may contact you via email.

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✔ Step 7: Receive Membership Certificate / RCMC

Once approved, you will receive:

• PLEXCONCIL Membership Certificate
• RCMC (Registration Cum Membership Certificate)

This certificate is essential for applying for DGFT schemes, including:

• RoDTEP
• RoSCTL (for certain sectors)
• EPCG
• Advance Authorization
• DFIA

You can download your certificate from your PLEXCONCIL dashboard.

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✔ Step 8: Renew Membership Annually

Membership must be renewed yearly to remain active.
Benefits are available only to active members.

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Common Mistakes to Avoid

• Incorrect IEC or GST details
• Unclear scanned documents
• Not updating contact details
• Mismatch between business name in IEC & GST
• Not renewing membership on time

SavingMantra recommends verifying business documents before submission.

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Frequently Asked Questions (FAQ)

1. Is PLEXCONCIL Registration Mandatory?

It is not mandatory, but required for RCMC issuance and claiming DGFT benefits.

2. How long does approval take?

Typically 2–7 working days, depending on document verification.

3. Can traders (non-manufacturers) join PLEXCONCIL?

Yes, merchant exporters are fully eligible.

4. What is the validity of RCMC?

Valid for 5 years, but membership must be renewed annually.

5. Is Udyam Registration mandatory?

Not mandatory, but beneficial for MSME exporters.

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Conclusion

Registering with PLEXCONCIL is a valuable step for any business in the plastics export industry. It opens doors to government incentives, global market access, trade fair participation, and export networking opportunities. With a simple online application process, exporters can quickly secure membership and enjoy the benefits.

At SavingMantra, we help businesses with:
✔ PLEXCONCIL Registration
✔ RCMC Issuance
✔ DGFT Scheme Applications
✔ Export Compliance & Advisory
✔ MSME, IEC & Licensing Support

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WordPress Disclaimer (Add at Bottom of Blog)

Disclaimer: This blog is intended for informational purposes only. PLEXCONCIL rules, registration procedures, and government policies may change over time. Readers should verify details through official sources or consult a qualified professional before taking action. SavingMantra is not responsible for any errors, omissions, or regulatory changes that may affect the information provided here.

Step 1: Identify the Correct PLI Scheme for Your Sector

Each sector has:

• Different incentive rates
• Eligibility conditions
• Investment thresholds
• Application deadlines

Choose the scheme that aligns with your business.

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✔ Step 2: Review Scheme Guidelines & Eligibility Criteria

Eligibility may depend on:

• Minimum investment
• Domestic value addition
• Net worth of the company
• Production capacity
• Incremental sales commitments

Ensure that your business meets all criteria before applying.

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✔ Step 3: Prepare a Detailed Project Report (DPR)

Your DPR must include:

• Company background
• Business plan
• Production & sales forecasts
• Investment layout
• Employment generation plan
• Supply chain strategy
• Expected PLI benefits

This is a crucial step for approval.

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✔ Step 4: Register on the Respective Ministry’s PLI Portal

PLI applications are filed through:

• DPIIT portal (for industrial sectors)
• Ministry of Electronics & IT portal
• Ministry of Textiles portal
• Ministry of Food Processing portal

Each scheme has a specific registration platform.

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✔ Step 5: Submit Online Application With Documents

Upload:

• DPR
• Certificates & Declarations
• Financial documents
• Investment details
• Company KYC and bank details

Ensure accuracy to avoid rejection.

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✔ Step 6: Verification by PMA (Project Management Agency)

The government appoints a PMA to review applications. PMA will:

• Verify financial eligibility
• Review investment commitments
• Assess capability to achieve production targets
• Approve or recommend modifications

Several queries may be raised during this stage.

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✔ Step 7: Receive Approval Letter from the Government

Once approved, your company is officially enrolled in the PLI scheme.
This letter includes:

• Investment milestones
• Production targets
• Incentive calculation method
• Claim submission rules

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✔ Step 8: Make Investments as Committed

Companies must:

• Purchase machinery
• Set up manufacturing units
• Meet investment thresholds within the given timeline

Proof of investment is mandatory for incentive claims.

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✔ Step 9: Begin Production & Achieve Target Sales

Incentives are linked to:

• Incremental production
• Incremental sales revenue
• Domestic value addition

Track performance closely.

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✔ Step 10: File Annual Incentive Claims

Submit claims through the PLI portal with:

• Audited sales data
• Certificate from statutory auditor
• Production reports
• Value addition documents

The PMA verifies and disburses incentives accordingly.

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✔ Step 11: Receive Incentive Disbursement

Once verified, the government transfers the incentive amount directly to the company’s bank account.

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Compliance Requirements Under PLI

• Annual filings
• Asset verification reports
• Statutory audit certification
• Adherence to value addition norms
• Periodic updates to PMA

Companies must maintain transparency and accurate documentation.

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Common Mistakes to Avoid

• Incomplete DPR
• Incorrect investment forecasts
• Missing application deadlines
• Non-compliance with value addition norms
• Late submission of claims

SavingMantra recommends a professional review before submission.

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Frequently Asked Questions (FAQ)

1. Is PLI available to startups?

Yes, if they meet investment and sales criteria.

2. Are incentives guaranteed?

Only if the company achieves incremental sales and meets scheme conditions.

3. Can foreign companies apply?

Yes, through an Indian subsidiary.

4. Who verifies PLI claims?

The PMA (Project Management Agency) appointed by the respective ministry.

5. Is PLI applicable for service-based companies?

No, it is primarily for manufacturing sectors.

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Conclusion

The Production Linked Incentive (PLI) Schemes are a transformative step toward strengthening India’s manufacturing ecosystem. They offer substantial financial rewards, encourage innovation, and attract global investments. By following a systematic application process and meeting compliance requirements, companies can successfully leverage these incentives.

At SavingMantra, we support businesses with:
✔ PLI Application Filing
✔ DPR Preparation
✔ Investment & Compliance Advisory
✔ Incentive Claim Filings
✔ Sector-Specific Consultancy

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Disclaimer: This blog is intended for informational purposes only. PLI Schemes are governed by sector-specific ministries and government notifications, which may change over time. Readers should consult a qualified professional or refer to the latest official guidelines before taking any action. SavingMantra is not responsible for any errors, omissions, or regulatory changes affecting the information p