Registered Exporter Number (REX) System
What is a REX License?
The REX system is a trade facilitation measure that simplifies the rules of origin certification for goods traded between countries that have signed a preferential trade agreement. It allows registered exporters to self-certify the origin of their goods, instead of having to go through a formal certification process with a government agency.
The REX program was developed by the European Union and is currently used by over 20 countries, including the EU member states, Switzerland, Norway, Turkey, and some countries in Africa, the Caribbean, and the Pacific.
To participate in the REX program, exporters must register with their national authorities and provide information about their business activities and the products they export. Once approved, they can use a REX number to self-certify the origin of their goods and benefit from preferential tariffs under the applicable trade agreement.
The REX system is designed to streamline the process of claiming preferential tariff treatment, reduce administrative burdens for exporters, and promote trade among participating countries.
Check out the Factory License Video
Benefits of REX License
Why CDSCO Manufacturing License is required?
- The CDSCO Manufacturing License ensures that the manufacturing of drugs and medical devices in India is conducted in compliance with regulatory standards and guidelines.
- It helps to maintain the quality, safety, and efficacy of the drugs and medical devices produced in India.
- The license ensures that manufacturing facilities and processes meet the required standards and guidelines for good manufacturing practices (GMP).
- It helps to regulate the market by preventing the manufacturing and distribution of substandard or counterfeit drugs and medical devices.
- The license ensures that manufacturing companies have the necessary resources, equipment, and personnel to produce quality products.
- It protects the health of the public by ensuring that only safe and effective drugs and medical devices are available in the market.
- The license is a legal requirement for companies or individuals involved in the manufacturing of drugs or medical devices in India.
Who can get REX License?
Document Required for REX License
Role of Shamkris and Process of REX License
Shamkris adopts a results-oriented approach to compliance with mandatory licence requirements in the organization. A simple and guidance methodology help organisation to achieve licence in a timely manner and cost-effective. Shamkris support 100% in advisory, Guidance, Compliance with respect to license requirements to obtain approval.
The License process described below:
Advisory for the document required
Preparation of documents as per application & list of documents.
Inspection by the department if required
Yearly Compliance if Applicable
Renewal when due
Who can issue REX License?
A REX license is not a physical license but rather a registration or number issued to exporters within the European Union (EU) to certify the origin of their goods for preferential trade treatment.