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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.
Status Category
Status Category | Export Performance FOB / FOR (as converted) Value (in US $ million) |
One Star Export House | 3 |
Two Star Export House | 25 |
Three Star Export House | 100 |
Four Star Export House | 500 |
Five Star Export House | 2000 |
Grant of Double Weightage
Other conditions for grant of status
Privileges of Status Holders
A Status Holder shall be eligible for privileges as under:
Application for grant of Status Certificate
Sl. No. | Category | Issuing/renewing Authority for Status Certificate |
1. | IEC holder having exports of DTA unit as well as exports of SEZ/EOU unit. EHTP/STP/BTP | Concerned Regional Authority as per jurisdiction indicated in Appendix 1A |
2. | IEC holder having SEZ/EOU unit only | Concerned Development Commissioner as per jurisdiction indicated in Appendix 1A |
3. | IEC holder having DTA unit only | Concerned Regional Authority as per jurisdiction indicated in Appendix 1A |
Validity of status certificate
Maintenance of Accounts
Status Holders shall maintain true and proper accounts of its exports and imports based on which such recognition has been granted. Records shall be maintained for a period of two years from the date of grant of status certificate. These accounts shall be made available for inspection to RA concerned or any Authority nominated by DGFT.
Refusal/Suspension/Cancellation of Certificate
Status Certificate may be refused/suspended/cancelled by RA concerned, if status holder or authorized representative acting on his behalf:
A reasonable opportunity shall be given to Status Holder before taking any action under this paragraph.
Appeal
An applicant, who is not satisfied with decision taken to suspend or cancel Status Certificate, may file an appeal to DGFT within 45 days. Decision of DGFT shall be final and binding thereon.