Sudhakar Export House, Madhya Pradesh, is engaged in export of goods to various neighbouring countries. It is keen on becoming a Status Holder and…

(a) Status holders are eligible the following privileges under FTP: (a) Authorisation and custom clearances for both imports and exports on self-declaration basis. (b) Fixation of Input Output Norms on priority i.e., within 60 days by Norms Committee. (c) Exemption from compulsory negotiation of documents through banks. Exception are remittance/ receipts. (d) Exemption from furnishing of Bank Guarantee in Schemes under FTP unless otherwise specified. (e) Two Star Export Houses and above are permitted to establish export warehouses as per the guidelines of Department of Revenue. (f) Manufacturers who are also status holders (Three Star/Four Star/Five Star) will be enabled to self-certify their manufactured goods (as per their Industrial Entrepreneurs Memorandum (IEM) / Industrial License (IL) /Letter of Intent (LOI)) as originating from India with a view to qualify for preferential treatment under specified agreements. (g) Status holders shall be entitled to export freely exportable items on free of cost basis for export promotion subject to a specified annual limit. (h) The status holders would be entitled to preferential treatment and priority in handling of their consignments by the concerned agencies.