Star Export House Benefits

Star Export House Benefits

Star Export House Benefits

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). On being recognised as a star export house, the exporter enjoys various benefits and privileges as under:

  1. Authorisation and customs clearance for both imports and exports may be allowed on self-declaration basis.
  2. Exemption from furnishing of bank guarantee for Schemes under Foreign Trade Promotion, unless specified otherwise.
  3. Input-output norms maybe fixed on priority within 60 days by the Norms Committee.
  4. Exemption from compulsory negotiation of documents through banks. Remittance or receipts, should however be received through banking channels.
  5. Two star and above export houses are permitted to establish export warehouses as per Department of Revenue guidelines.
  6. Three star and above export houses are permitted to get benefits of Accredited Clients Programme, as per the guidelines of Central Board of Excise and Customs.
  7. Status holders would be entitled to preferential and priority treatment while handling of consignments by concerned agencies.
  8. Status holders are eligible to export freely exportable items on free of cost basis for export promotion subject to an annual limit of Rs.10 lakhs or 2% of average annual export realisation during preceding three licensing years, whichever is higher.
  9. Exporters involved in manufacturing would be eligible to self-certify their goods as origination from India.

Read more about the process for obtaining star export house status or certificate.

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