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.
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Benefits of REX License
Simplifies the process of claiming preferential tariff treatment
The REX system allows registered exporters to self-certify the origin of their goods, which simplifies the process of claiming preferential tariff treatment under a trade agreement. This helps reduce administrative burdens for businesses and promotes trade between participating countries.
Streamlines the rules of origin certification process
Without the REX system, exporters would need to go through a formal certification process with a government agency or an authorized body for each shipment of goods they send. This process can be time-consuming and expensive. The REX system streamlines this process by allowing registered exporters to self-certify the origin of their goods for up to 12 months.
Helps ensure compliance with rules of origin requirements
The REX system helps ensure that exporters are following the rules of origin requirements set out in the relevant trade agreement. By requiring exporters to register with their national authorities and provide detailed information about their products and operations, the REX system helps prevent fraud and ensures that preferential tariff treatment is only granted to eligible products.
Enables businesses to take advantage of preferential tariff treatment
The REX system enables businesses to take advantage of preferential tariff treatment under the applicable trade agreement, which can make their products more competitive in the international marketplace. This can benefit both businesses and consumers by increasing access to a wider range of products at lower prices.
Promotes trade and economic growth
By making it easier for businesses to trade goods between countries that have signed preferential trade agreements, the REX system helps promote trade and economic growth. This can benefit businesses and consumers alike, by increasing access to a wider range of products at lower prices.
Global Collaboration
Collaboration with international pharmaceutical or medical device companies becomes more accessible with a CDSCO Manufacturing License, potentially leading to partnerships, technology transfers, and knowledge exchange.
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?
Agriculture and agribusiness
Automotive and transportation
Chemicals and plastics
Construction and building materials
Consumer goods and retail
Electronics and high-tech
Energy and utilities
Healthcare and pharmaceuticals
Industrial manufacturing
Mining and natural resources
Textiles and apparel
Tourism and hospitality
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.
Application File
Inspection by the department if required
Liason department
Yearly Compliance if Applicable
Renewal when due
Who can issue REX License?
FAQ
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.