Star Export House Certification
Star export house is an Indian exporter who has excelled in international trade and successfully achieved certain minimum amount of export performance in two out of three financial years. To obtain star export house status, the exporter involved in export of goods or service must have a valid import export code (IE Code).
To encourage Indian exporters by offering benefits that will help them bring operational efficiency and cost benefits to their business thereby increasing their competitiveness globally.
A star export house is eligible for following benefits:
– Licence/certificate/permissions and Customs clearances for both imports and exports on self-declaration basis – Fixation of Input-Output norms on priority within 60 days
– Exemption from compulsory negotiation of documents through banks. The remittance, however, would continue to be received through banking channels
– 100% retention of foreign exchange in EEFC account
– Enhancement in normal repatriation period from 180 days to 360 days
– Entitlement for consideration under the Target Plus Scheme
– Exemption from furnishing of Bank Guarantee in Schemes under this policy
Merchant as well as Manufacturer Exporters, Service Providers, Export Oriented Units (EOUs) and Units located in Special Economic Zones (SEZs), Agri Export Zone (AEZ’s), Electronic Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio Technology Parks (BTPs) shall be eligible for applying for status as Star Export Houses. The companies are categorised depending on its total FOB/FOR export performance during the current and previous three years:
1. One Star Export House – 15 crore
2. Two Star Export House – 100 crore
3. Three Star Export House – 500 crore
4. Four Star Export House – 1500 crore
5. Five Star Export House – 5000 crore
- DGFT clarifies issues raised concerning Pre-Import Conditions under Advance Authorisation
- DGFT De-lists agencies authorized to issue Certificates of Origin (Non-Preferential)
- DGFT amends the Export Policy of Food Supplements containing Botanicals
- DGFT revises Standard Input Output Norms for Leather, Leather Products and Footwear
- DGFT permits export of Non-Basmati White Rice to Bhutan, Mauritius and Singapore through National Cooperative Exports Limited (NCEL)
- What is Preferential Certificate of Origin? Who is authorised to issue the Preferential CoO?
- Central Govt. changes the Registration Fees for SIMS to Rs.500/- flat
- Central Government amends the export policy of Food Supplements containing Botanicals