Status Holder Certificate

October 23, 2024

Status Holder Certificate

All exporters of goods & services having an import-export code (IEC) number shall be eligible for recognition as a status holder on achieving specific turnover. Status recognition depends upon export performance 

An applicant shall be categorized as status holder upon achieving export performance during current and previous three financial years.  The export performance will be counted on the basis of FOB value of export earnings in free foreign exchange. For deemed export, FOR value of exports in Indian Rupees shall be converted in US$ at the exchange rate notified by CBEC, as applicable on 1st April of each Financial Year. 

Categories of Status Certificates: Each type of Status Certificate eligibility levels of export performance criteria. 

Grant of double weightage 

The exports by IEC holders under the following categories shall be granted double weightage for calculation of export performance for grant of status.

(i) Micro, Small & Medium Enterprises (MSME) as defined in Micro, Small & Medium Enterprises Development (MSMED) Act 2006. 

(ii) Manufacturing units having ISO/BIS. 

(iii) Units located in North Eastern States including Sikkim and Jammu & Kashmir. 

 (iv) Export of fruits and vegetables falling under Chapters 7 and 8 of ITC HS.

Double Weightage shall be available for grant of One Star Export House Status category only.

Benefits to Status Holders 

• Input-Output norms may be fixed on priority within 60 days by the Norms Committee.
• Exemption from furnishing of Bank Guarantee.
• Exemption from compulsory negotiation of documents through banks. Remittance / receipts, however, would be received through banking channels.
• Two star and above Export houses shall be permitted to establish Export Warehouses of foreign country.