Privileges

3.5.2.1

A Star Export House shall be eligible for the following facilities:

i) Authorisation/Licence/certificate/permissions 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. The remittance, however, would continue to 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 this Policy.

viii) Two Star Export Houses and above shall be permitted to establish Export Warehouses, as per the guidelines issued by Department of Revenue in this regard.

(Please refer CUS CIR NO. 16/2006 DATE 09/05/2006)