The Synthetic & Rayon Textiles Export Promotion Council

Status Holder-Amendment in Para 3.20(b) of Foreign Trade Policy 2015-20

Circular No.ES/19 /2016-17                                                      May 5, 2016
 
To:  Members of the Council    

Sub : Status Holder-Amendment in Para 3.20(b) of Foreign Trade Policy 2015-20

Dear Member,

DGFT has issued Notification No.04/2015-2020 dated 29th April, 2016 amending the Paragraph 3.20(b) of Foreign Trade Policy 2015-20. The criteria for recognition as status holder has been changed w.e.f 01.04.2016 to the exports in the current and previous three financial years from the existing criteria of current and previous two financial years.
The amended Paragraph 3.20(b) of Foreign Trade Policy 2015-20 reads as:

All exporters of goods, services and technology having an import-export code (IEC) number shall be eligible for recognition as a status holder. Status recognition will depend on export performance. An applicant shall be categorized as status holder on achieving export performance during the current and previous three financial years (for Gems & Jewellery Sector the performance during the current and previous two financial years shall be considered for recognition as status holder) as indicated in paragraph 3.21 of Foreign Trade Policy. The export performance will be counted on the basis of FOB of export earning in free foreign exchange.

Members may make a note of the above.

Thanking you,


V.ANIL KUMAR
EXECUTIVE DIRECTOR