Discuss the privileges granted under FTP to Status Holders.

(c) Discuss the privileges granted under FTP to Status Holders. Status holders are eligible for privileges as under: (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. (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.