Export House Certificate - EHC
Star Export House Certificate / Status House Certificate
1. Introduction
- The Government of India launched the star export house certificate / status holder certificate as an export promotion scheme under the foreign trade policy or remote exchange approach.
- The certificate / credential is awarded to company executives who have achieved international business success and participated in national trade.
- Export facility status is granted to all buyers of goods, services and technologies with an Import and Export Code (IEC).
- The approval of the export facility is based on the company’s export revenue in each accounting year (FOB / FOR value).
2. Importance of Export House Certificate
- This certificate recognizes taxpayer’s participation in the country’s foreign trade and provides them with benefits to improve international competitiveness.
- And this certificate provides exporters with rewards and benefits aimed at enhancing their global competitiveness.
- Those who holds this certificate will enjoy hospitality and priority in the management of their submissions by the competitive agencies.
3. Documents Required
- Export Certificate is required in duplicate if the application is for a one-star export facility.
- Certificate for the transfer of money received by providing services.
- Certificate of FOR value of deemed export.
- Details of exports from SEZs / EOUs / EHTPs / STPs / BTPs units included in IEC and are being considered for the calculation of grant of status.
- Appendix to ANF 3C.6
4. Star Export House Benefits
A Status Holder shall be eligible for privileges as specified by the Foreign Trade Policy. On being recognized as a star export house, the exporter enjoys various benefits and privileges such as:
- Authorization and customs clearance for imports and exports may be allowed on a self-declaration basis.
- Exemption from the furnishing bank guarantee for Schemes under Foreign Trade Promotion unless specified otherwise.
- Input-output norms may be fixed on priority within 60 days by the Norms Committee.
- Exemption from compulsory negotiation of documents through banks. Remittances or receipts should, however, be received through banking channels.
- Two-star and above export houses are permitted to establish export warehouses as per Department of Revenue guidelines.
- Three-star and above export houses are permitted to get benefits of the Accredited Clients Programme, as per the Central Board of Excise and Customs guidelines.
- Status holders would be entitled to preferential and priority treatment while handling consignments by concerned agencies.
- 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 realization during the proceeding three licensing years, whichever is higher.
- Exporters involved in manufacturing would be eligible to self-certify their goods they originated from India.
5. Frequently Asked Questions (FAQs)
5 years from the date of issuance.
An exporter who crosses the export performance of USD 25 millions.
The exporters who export goods, services and technologies with Import Export Code (IEC).
6. Conclusion
The Export House Certificate shows the government’s commitment to promoting the export ecosystem in India. By identifying and encouraging the importance of exports, the government aims to encourage traders to contribute to India’s economic development and strengthen global competitiveness
Ready to Get Started?
Contact us today for a free consultation! Our expert team is here to help with all your financial, compliance, and subsidy needs. Reach out now to see how we can assist you in achieving your goals and simplifying your processes.
Best Exim and Industrial Consultants, at the forefront of global trade, is committed to easing the complexities of international business and providing specialized services in subsidies, customs procedures, and GST compliance