06 February 2012
Hi, is it mandatory to get a Export Houses (EH), Trading Houses (TH), Star Trading Houses (STH) or Super Star Trading Houses (SSTH)certificate for exporting goods? What are the benefits of these certificates?
06 February 2012
actually after getting this certificate exporter are also exempt from BG.
Privileges of Export and Trading House Status Holders para 3.10.4 A Status Holder shall be eligible for privileges as under:
(i) Authorization and Customs Clearances for both imports and exports on self-declaration basis;
(ii) Fixation of Input-Output norms on priority within 60 days;
(iii) Exemption from compulsory negotiation of documents through banks. Remittance / Receipts, however, would be received through banking channels;
(iv) 100% retention of foreign exchange in EEFC account;
(v) Exemption from furnishing of BG in Schemes under FTP;
(vi) SEHs and above shall be permitted to establish Export Warehouses, as per DoR guidelines.
(vii) For status holders, a decision on conferring of ACP Status shall be communicated by Customs within 30 days from receipt of application with Customs.
(viii)As an option, for Premier Trading House (PTH), the average level of exports under EPCG Scheme shall be the arithmetic mean of export performance in last 5 years, instead of 3 years.
(ix) Status Holders of specified sectors shall be eligible for Status Holder Incentive Scrip under Para 3 .16 of FTP.
(x) Status Holders of Agri. Sector (Chapter 1 to 24 ) shall be eligible for Agri. Infrastructure Incentive Scrip under VKGUY - Para 3.13.4 of FTP.
06 February 2012
Thanks. But from what I read (I may be wrong), an exporter must have done an export of at least 3 crores to get these certificates? Is this true. I have just started an export company, so can start my business without these certificates?
CAclubindia
