Stay updated with breaking news from Commercial Intelligence. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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...
Get latest articles and stories on India at LatestLY. The Union Minister of Commerce and Industry Piyush Goyal unveiled a significant initiative for exporters to issue system-based automatic 'Status Holder' certificates under the Foreign Trade Policy (FTP) 2023. India News | Exporter Status Certificates to Be Issued Based on Available Electronic Data, Manual or Online Application Not Needed Anymore.
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.