Updated on April 30, 2025 01:30:29 PM
IMCECA stands for India-Malaysia Comprehensive Economic Cooperation Agreement, and this is one of the most significant preferential trade agreements that has been signed between these two countries to enhance their economic cooperation and trade relations. The IMCECA Certificate was signed to enhance India’s Free Trade Agreement (FTA) with Malaysia to create a higher level of trade, investment, and cooperation in diverse areas of mutual interest. It has fostered more business links in various fields, including manufacturing, IT, pharmaceuticals, etc., and thus increased exports and imports. For the last ten years, there has been bilateral trade between the two countries that has proved to have been mutually beneficial, and there are more crossing opportunities.
The IMCECA Registration is vital for broader ASEAN-India trade agreements. It is much more specific and concerns the free access to markets in different sectors, which is vital for India to develop its role in regional cooperation on economic liberalization. These free trade agreements establish the foundation for enhancing understanding between the member countries of ASEAN and open up vast opportunities for India to enter the markets of other ASEAN countries with its products. The IMCECA supports India’s larger trade strategy, enhancing its influence in the ASEAN region, which is a rapidly growing market.
The Free Trade Agreement (FTA) made between India and Malaysia contains various areas of economic cooperation, such as trade liberalization, cuts in tariffs, better market access opportunities, and collaborations. This guide provides information on how to access the IMCECA Certificate and shows how IMCECA can help businesses
Table of Content
The India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) is the most important trade agreement linking economic investment flows between the two nations to increase overall bilateral trade. It facilitates trade cooperation, developing the major goods in electronics, pharmaceuticals, and palm oil with both countries. Over the years, export and import trade relations between India and Malaysia have been performing well because of tax reductions done by IMCECA. This treaty creates cooperation in trade, which leads to liberalization that makes it possible for business enterprises to access markets besides taking advantage of reduced costs. Being able to reduce the trade barriers, IMCECA benefits the Indian businesses, increases the trade policy percentage figures of India-Malaysia trade relations, and increases the India-Malaysia trade disparity through the enhancement of exports as well as investments.
Here are some key benefits of the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA):
The India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) covers a wide range of sectors to enhance trade and economic collaboration. Here are the key sectors covered:
The procedure of IMCECA registration involves several steps to ensure eligibility for tariff and trade benefits under the agreement. Here’s a step-by-step process for obtaining the IMCECA Certificate of Origin:
Submit a completed application with required documents, including product details, manufacturing information, and certifications, to the Export Inspection Council (EIC) online or at regional offices for review.
Documents submitted to EIC officials are verified to ensure authenticity. This ensures that the products do not bear fake IMCECA trademarks and that the production details align with the provided certifications.
If required, EIC may carry out a physical assessment of the goods at the manufacturing premises to ensure the documentation provided is valid for certification approval of Indian-origin goods.
After the verification process, EIC grants approval for the application, certifying that the exporter has met the standards for the issuance of the Certificate of Origin under IMCECA.
Once approved, EIC issues the Certificate of Origin (CoO) either electronically or in physical form. This certificate is then presented to Malaysian customs for the application of preferential tariffs under the agreement.
To obtain a Certificate of Origin under the India-Mauritius Comprehensive Economic Cooperation Agreement (IMCECA), you will need to provide the following documents:
The India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) has had a substantial impact on trade relations and policy frameworks between the two countries. Below are the key areas of influence:
The total cost for IMCECA registration is ₹6,235, which includes the government fee, registration, application, and professional charges. Here is the detailed fee structure:
Particulars | Amount |
---|---|
Government fee | ₹736 |
One-time registration fee | ₹500 |
Application fee | ₹2,000 |
Professional fee | ₹2,999 |
Total cost of registration | ₹6,235/- only |
Note: This certificate is generally valid for one year from the date of issuance. Exporters must renew the certificate annually to continue availing benefits under the IMCECA agreement.
Conclusion
IMCECA is significant for enhancing the trade and investment relations between India and Malaysia. IMCECA facilitates market access, and lowers tariffs, which will greatly benefit sectors such as information technology, pharmaceuticals, and manufacturing. It involves qualification for the broader tariff preferential treatment facilitated by the Export Inspection Council (EIC). IMCECA helps in the propagation of the free flow of exports and investments for enhancing bilateral relations. To avail of these benefits, businesses require the Certificate of Origin to enhance the long-term bilateral economic cooperation between India and Malaysia under this free trade agreement.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
Frequently Asked Questions (FAQs)
It is also known as IMCECA, initiated in 2011 to expand trade, investment, and services in India-Malaysia bilateral trade, including reduction of tariffs and enhanced market access.
India has CEPA agreements with South Korea and Japan to improve trade by eliminating barriers such as tariffs and enhancing investment flows.
India has FTAs with ASEAN, Japan, South Korea, UAE, Sri Lanka, Mauritius, and Australia, supporting liberalized trade and deeper economic cooperation.
A CEPA is broader than an FTA as it includes not just goods but also services, investment, and deeper economic cooperation between countries.
Yes, SMEs can apply for the IMCECA Certificate and enjoy benefits like tariff reductions and broader market access under the agreement.
It typically takes a few weeks depending on document verification and whether a factory inspection is required by the Export Inspection Council (EIC).
No, only goods wholly manufactured in India are eligible for the IMCECA Certificate, as proof of Indian origin is mandatory for tariff benefits.
The EIC handles application review, document verification, conducts factory inspections if necessary, and issues the Certificate of Origin under the IMCECA scheme.
Speak Directly to our Expert Today
Reliable
Affordable
Assured
Industries Served by Professional Utilities
Apparels
Footwear
Furniture
Gems and Jewellery
Tourism & Hospitality
Consumer Electronics
Chemicals
Telecom
Oils & Gas
Hotel
Railways
Liquor
Health & Medical
Food Processing
Dangerous/ Haz. Goods
Tea & Coffee
Capital Goods
Recycling
Rubber
NGOs
Silk
Handloom
IT & BPM
Steel
Automobile
Tobacco
Constructions