Status Holders are business leaders who have excelled in international trade and have successfully contributed to country’s foreign trade. Status Holders are expected to not only contribute towards India’s exports but also provide guidance and handholding to new entrepreneurs.
All exporters of goods, services and technology having an import- export code (IEC) number shall be eligible for recognition as a status holder. Status recognition will depend on export performance. An applicant shall be categorized as status holder on achieving export performance during the current and previous three financial years (for Gems& Jewellery Sector the performance during the current and previous two financial years shall be considered for recognition as status holder) as indicated in paragraph 3.21 of Foreign Trade Policy. The export performance will be counted on the basis of FOB of export earning in freely convertible foreign currencies
For deemed export, FOR value of exports in Indian Rupees shall be converted in US$ at the exchange rate notified by CBEC, as applicable on 1st April of each Financial Year.
For granting status, export performance is necessary in at least two out of four years.
Key Points Are As Under:-
- The importer shall require iron & steel items importers to submit advance information in an online system for import of items
- The Importer has to apply for online registration not earlier than the 60th day and not later than the 15th day before the expected date of arrival of import consignment.
- The registration Number granted shall remain valid for a period of 75 days.
- Registration fee of Rs 1 per thousand subjects to a minimum of Rs.500/- and a maximum of Rs 1 Lakh on the aggregate CIF value of imports.
|#||Status Category||Export Performance FOB / FOR (as converted) Value (in US $ million)|
|1||One Star Export House||3|
|2||Two Star Export House||25|
|3||Three Star Export House||100|
|4||Four Star Export House||400|
|4||Five Star Export House||2000|