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    Star Export House

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    shishir09aug
    The document provides a history of export houses and trading houses in India since the 1950s. It outlines the criteria established by the Indian government for obtaining export house and trading house status under various EXIM policies from 1985-1988 and 2007. To qualify as a star export house under the 2007 policy, applicants must have average annual net foreign exchange earnings of at least Rs. 100 crore over the current and previous three years. Star export houses receive various privileges like licensing exemptions, priority input-output norms fixation, and enhanced repatriation periods.

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    Star Export House

    Uploaded by

    shishir09aug
    3K views14 pages
    The document provides a history of export houses and trading houses in India since the 1950s. It outlines the criteria established by the Indian government for obtaining export house and trading house status under various EXIM policies from 1985-1988 and 2007. To qualify as a star export house under the 2007 policy, applicants must have average annual net foreign exchange earnings of at least Rs. 100 crore over the current and previous three years. Star export houses receive various privileges like licensing exemptions, priority input-output norms fixation, and enhanced repatriation periods.

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    The document provides a history of export houses and trading houses in India since the 1950s. It outlines the criteria established by the Indian government for obtaining export house and trading house status under various EXIM policies from 1985-1988 and 2007. To qualify as a star export house under the 2007 policy, applicants must have average annual net foreign exchange earnings of at least Rs. 100 crore over the current and previous three years. Star export houses receive various privileges like licensing exemptions, priority input-output norms fixation, and enhanced repatriation periods.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    3K views14 pages

    Star Export House

    Uploaded by

    shishir09aug
    The document provides a history of export houses and trading houses in India since the 1950s. It outlines the criteria established by the Indian government for obtaining export house and trading house status under various EXIM policies from 1985-1988 and 2007. To qualify as a star export house under the 2007 policy, applicants must have average annual net foreign exchange earnings of at least Rs. 100 crore over the current and previous three years. Star export houses receive various privileges like licensing exemptions, priority input-output norms fixation, and enhanced repatriation periods.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 14

    EXPORT & TRADING HOUSE

    History –Export House


    The origin of export houses in India goes back to 1958
    when Government of India gave serious consideration
    to the development of specialized agencies for the
    promotion of non traditional items
    The initiative was necessary to help the small scale
    sector in the export of their products
    The criterion adopted by Indian
    Government in EXIM policy 1985-88
    Exports divided into
    SELECT Product
    ( non traditional products – engineering goods , leather etc )

    NON SELECT Product


    ( Traditional items )

    Export Turnover : Between 3 crore to 7 crore

    Annual Growth Rate : Minimum 20%


    History –Trading House
    The concept of Trading House in India was brought
    into being by the government in 1981-82
    It was in line with such a concept in developed
    countries where encouragement given to those
    companies who have professional expertise in the field
    of International Trade , export
    The criterion adopted by Indian
    Government in EXIM policy 1985-88
    The export house were eligible to become Trading
    Houses provided they had annual average export in
    the three previous financial years of at least Rs 15
    crore of exports in the select products
     Annual Growth Rate : Minimum 20% for renewal
    of status
    EXIM Policy 1988 - 1991
    The eligibility of grant of Export house / Trading
    House certificate was based on the concept of NFE
    (Net Foreign Exchange ) earning made in the
    preceding three licensing years termed as “ Base
    Period “
     The annual average NFE earnings in the prescribed
    base period should not be less than
    (i) Rs 2 crore in the case of export house
    (ii) Rs 10 crore in the case of Trading house
    EXIM Policy change 2007
    With effect from 1st April 2007 the criterion for
    criterion as Export house , Trade house or star trading
    house is the average annual NFE during the three
    preceding years
    Category Performance ( In Rupees )
    Export House ( EH )
    20 crore
    Star Export House (SEH )
    100 crore
    Trading House
    500 crore
    Star Trading House

    2500 crore
    Premier Trading House (PTH)
    10000 crore
    Star Export House
    Who can Become Star Export House ?
    Merchant as well as Manufacturer Exporters, Service
    Providers, Export Oriented Units (EOUs) and Units
    located in Special Economic Zones (SEZs), Agri
    Export Zone (AEZ’s), Electronic Hardware
    Technology Parks (EHTPs), Software Technology
    Parks (STPs) and Bio Technology Parks (BTPs) shall
    be eligible for applying for status as Star Export
    Houses
    Eligibility Criterion
    The applicant shall be
    categorized depending on his
    total FOB/FOR export
    performance during the current
    plus the previous three years
    Classification Criterion
    Category Performance ( In Rupees )
    One Star Export House
    15 crore
    Two Star Export House
    100 crore
    Three Star Export House
    500 crore
    Four Star Export House
    1500 crore
    Five Star Export House
    5000 crore
    Privileges

     Licence/certificate/permissions and Customs


    clearances for both imports and exports on self-
    declaration basis
    Fixation of Input-Output norms on priority within 60
    days;
    Exemption from compulsory negotiation of documents
    through banks. The remittance, however, would
    continue to be received through banking channels;
    100% retention of foreign exchange in EEFC account
    Enhancement in normal repatriation period from 180
    days to 360 days.
    Entitlement for consideration under the Target Plus
    Scheme
    Exemption from furnishing of Bank Guarantee in
    Schemes under this Policy.
    Reference
    1)
    http://books.google.co.in/books?id=bQ-
    04WIqkl8C&pg=PA50&lpg=PA50&dq=Define+star+export+house&source=bl&ots=5Ht6v8DbSv
    &sig=ChKzt5HUY1EcdcnF9ztIEG2-
    p6g&hl=en&ei=WpeQTOGYG8aHccOHxPYM&sa=X&oi=book_result&ct=result&resnum=9&v
    ed=0CDYQ6AEwCA#v=onepage&q&f=false

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