Insights & Research
CA Sadiq Ali
Status Holders are business leaders who have excelled in international trade and have successfully contributed to country’s foreign trade.
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 as listed below.
One Star Export House
Two Star Export House
Three Star Export House
Four Star Export House
Five Star Export House
In the interest of trade facilitation, reducing compliance burden, and promoting ease of doing business, it is decided to Grant electronic Status Holder Certification, based on merchandise export data available with DGCI&S. Exporters need not file any application for the same.
Double Weightage Concepts
Exports may be counted twice for firms with the below conditions:
1.The exports by IEC holders under the following categories shall be granted double weightage for calculation of export performance for grant of status:
a. Micro, Small & Medium Enterprises (MSME) as defined in Micro, Small & Medium Enterprises Development (MSMED) Act 2006.
b. Manufacturing units having ISO/BIS.
c. Units located in North Eastern States including Sikkim and Jammu & Kashmir.
d. Units located in Agri Export Zones.
2. Double Weightage shall be available for grant of One Star Export House Status category only.
3. A shipment can get double weightage only once in any one of above categories
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