Policy Circular No. 37/97-98 DT. 6.3.1998

Export/Trading House etc. Status Applications invited under October '97 Criteria

Sub: Grant of status as Trading House/Star Trading House/Super Star Trading House in terms of Notification No. 19 dated 22.10.97.

A number of exporters have been granted the status of Export House of Trading House/Star Trading House on the basis of criterion laid down in the EXIM Policy issued on 1.4.97 and subsequent amendment vide Notification No. 6/1997-2002 dated 9.6.97.

The Government have further revised the criterion for grant of status as Export House of Trading House/Star, Trading House/Super Star Trading House vide notification No. 19/1997 -2002 dated 22.10.97.

Representations have been received from Export House/Trading House/Star Trading House to grant them new status based upon the revised criterion as per Notification No. 19/19 -2002 dated 22.10.97.

The issue has been examined and it has been decided that Export House/Trading House/Star Trading House who have been granted recognition/renewal for the period commencing from 1.4.97 and have become eligible for Trading House/Star Trading House/Super Star Trading House in terms of Notification No. 19/1997-2002 dated 22.10.97 may be given the new status as per the said notification.

The eligible exporter may file an application to the DGFT Hqrs. in the form given in Appendix-19 of Handbook of Procedures (Vol. 1) for grant of new status. The application shall be accompanied by all the prescribed documents and the original status certificate already issued to them. However, they shall be entitled for NFE/FOB criteria and endorsement of current year /preceding licensing year as per the option already exercised by them while getting the earlier recognition/renewal for the period commencing from 1.4.97.

In such cases, the status holder shall be entitled for SIL equivalent to the difference between the CIF value of SIL eligible on the basis of certificate now granted and the CIF value of SIL already issued on the basis of earlier certificate.

This issues with the approval of DGFT.

Sd/-
(Ajay Sahai)
Dy. Director General of Foreign Trade

Presented by eximkey.com