Status Certificate News Today

Get latest articles and stories on Latest News at LatestLY. The Commerce Ministry, which automated the process for issuance of exporter status certificates, is expected to issue about 20,000 such documents by the end of this year, a senior official said on Wednesday. Latest News | Comm Min Expects to Issue 20,000 Status Holder Certificates to Exporters This Year: DGFT.

The DGFT Regional Offices are supposed to issue the certificate in three days. Under the new arrangement, no applications are invited from exporters, and the certification is granted every year in August based on annual export figures available with the partner government agency - DGCIS.

Going forward, the exporter will not be required to apply to the office of Directorate General of Foreign Trade (DGFT) for a Status Certificate and the export recognition will be provided by the IT system based on available Directorate General of Commercial Intelligence and Statistics (DGCIS) merchandise export electronic data and other risk parameters

Commerce and Industry Piyush Goyal launched a new initiative to issue IT system-based automatic ‘Status...

Commerce & Industry Piyush Goyal on Monday launched a new initiative to issue IT system based automatic 'Status Holder' certificates to exporters under the Foreign Trade Policy (FTP) 2023.Now the exporter will not be required to apply to ...

These certificates provide certain privileges, including simplified procedures under foreign trade policy (FTP) and priority custom clearances on a self-declaration basis, exemption from compulsory negotiation of documents through banks, and exemption from filing bank guarantees for FTP schemes. Upon achieving prescribed export performance, status recognition as one, two, three, four and five-star export houses is accorded to the eligible applicants as per their export performance.

Get latest articles and stories on Latest News at LatestLY. Exporter status certificate will now be issued based on the available electronic data, and traders will not have to apply to get the recognition, the commerce ministry said on Monday. Latest News | Exporter Status Certificates to Be Issued Based on Available Electronic Data: Commerce Min.

Commerce and industry Piyush Goyal launched a new initiative to issue IT system based automatic ‘Status Holder certificates to exporters under the Foreign Trade Policy 2023 under which the government will recognise about 20,000 exporters as Status Holders, up from 12,518 exporters recognised earlier.

Judge rules that 'fulsome disclosure' is needed of any potential for additional assessments or costs