Export House Registration.
YKG Global, provides assistance and expert guidance for obtaining Star Export House Certificates. The Government of India offers this certification to recognize exporters whose exports are very high and contribute significantly to the country’s economic growth.
What is an Export House Certificate?
The Star Export House Certificate (also known as the Status Holder Certificate) is an export promotion scheme under Foreign Trade Policy. This certification is given to business leaders who demonstrate excellence in international trade, significantly boosting the country’s foreign trade. The registrations apply to exporters of goods, services, and technology.
How to Become an Export House Status Holder?
To become a Status Holder, an exporter must meet the required export performance criteria. The eligibility is based on the FOB/FOR value of export earnings in the current and previous financial years.
Once the exporter achieves the minimum performance threshold limit, they can apply for the Status Holder Certificate according to their eligible class, which categorizes the business based on export performance over the past financial years.
For example:
One Star Export House: Minimum export value of USD 3 million
Two-Star Export House: Minimum export value of USD 25 million
Three-Star Export House: Minimum export value of USD 100 million
Four-Star Export House: Minimum export value of USD 500 million
Five-Star Export House: Minimum export value of USD 2000 million
Benefits of Export House Status
1. Faster Customs Clearance: Self-declaration for imports and exports without the need for regular authorization.
2. Bank Guarantee Exemption: For various schemes under the Foreign Trade Promotion, unless specified otherwise.
3. Priority Processing: Input-output norms and other customs procedures are fast-tracked.
4. Preferential Treatment: Status Holders receive priority in handling consignments by concerned agencies.
5. Accredited Clients Programme: Three-Star and above Status Holders benefit from customs perks through this program.
6. Exemption from Bank Negotiation: Documents for exports do not require compulsory bank negotiation.
7. Double Weightage Eligibility: For businesses aiming for the One-Star Export House category, double weightage is awarded under the following conditions:
- If your business holds an MSME/SSI certificate.
- If your manufacturing units follow ISO/BIS standards.
- If your units are located in Sikkim, Jammu & Kashmir, or northeastern states.
- If your business operates in an Agri Export Zone.
Eligibility Criteria
- To qualify as a Status Holder, exporters must:
- Possess a valid Import-Export Code (IEC).
- Consistent export performance across at least two of the past four financial years.
- Comply with sector-specific requirements, such as reduced performance criteria for the Gems & Jewellery sector.
Documents Required
- Certificate of Foreign Exchange Earned for services
- Certificate of export value
- Valid IEC
- Other necessary trade documentation
How YKG Global Can Assist You?
YKG Global provides expert guidance and takes of end-to-end certification process.
- Eligibility Assessment: Our experts will evaluate your export of the last 03 financial years against export benchmarks.
- Application Preparation: Our team will prepare the documents and apply to the department.
- Regulatory Compliance: We will assist you regarding all DGFT regulations and notifications.
- Maximizing Benefits: We will assist in increasing your profit by arranging the status holder advantages like faster customs clearance and export incentives.
- Ongoing Support: Post registration assistance and we will keep updating you about the new regulations.
