Privileges

3.5.2.1

A Status Holder shall be eligible for following facilities:

i) Authorisation and Customs clearances for both imports and exports on self-declaration basis;

ii) Fixation of Input-Output norms on priority within 60 days;

iii) Exemption from compulsory negotiation of documents through banks. Remittance / Receipts, however, would be received through banking channels;

iv) 100% retention of foreign exchange in EEFC account;

v) Enhancement in normal repatriation period from 180 days to 360 days;

vi) Deleted

vii) Exemption from furnishing of Bank Guarantee in Schemes under FTP; and

viii) SEHs and above shall be permitted to establish Export Warehouses, as per DoR guidelines.

ix) For status holders, a decision on conferring of ACP Status shall be communicated by Customs within 30 days from receipt of application with Customs.

x) As an option, for Premier Trading House (PTH), the average level of exports under EPCG Scheme shall be the arithmetic mean of export performance in last 5 years, instead of 3 years.