We have exports turnover crossed last three years around 400 crores. we planned to get the export house certification.like Two Star Certification. my question is that below.
1.what are the benefits can be availed by a two star cerficate holder.
2.i heared 1 % STR available on certificate holder. can we eligible the STR@1% on Exciting 400 crores turnover.
04 September 2012
the status holders (i.e., Export House/Trading House/Star Trading House/ Super Star Trading House) will be eligible for the following new/special facilities:
Licence/Certificate/Permissions and Customs clearances for both imports and exports on self-declaration basis.
Fixation of Input-Output norms on priority;
Priority Finance for medium and long term capital requirement as per conditions notified by RBI;
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.
The threshold for obtaining status certificate as Export House has been brought down to Rs.5 crore for tiny, cottage, small scale, handloom, handicraft, agri-exports, services, units having ISO:900 (series) status, exporters exporting to Latin American countries, Sub-Saharan Africa and CIS countries.
"Status certificates have been issued to units on the basis of their export performance. Based on all these parameters"
my question is that last three years our sales crossed around 400 crores.
if we got star export house certification. its eligible to get 1 % STR on exports FOB. is it applicable to 400 Crore turnover. or future exports only ?
04 September 2012
The average rate of service tax refund, in respect of 18 identified services, will be in the range of 0.03% to 0.20% of the F.O.B. value of export.
04 September 2012
special incentives given by the govt.to status holder on fob 1%. we croseed 400 crores. can we get the incentives the exisiting 400 crores? or future exports only
04 September 2012
as per Foreign Trade a policy 2009-14 para 3.16.1(B)status holder of sector specified in Para 3.16.4 of Foreign trade policy shall be entitled to a DUTY credit scrip @1%OF FOB VALUE of export made during 2009-10,2010-11,2011-12 & 2012-13.
Noted that as per para 3.16.2 of Foreign Trade policy current availing TUFS scheme benefits shall not be eligible in the said financial year.
CAclubindia
