Export house certification (Custom)

This query is : Resolved

vaithy

( Author )
04 September 2012

Dear sirs,

We have exports turnover crossed last three years around 400 crores. we planned to get the export house certification.like Two Star Certification. my question is that below.

1.what are the benefits can be availed by a two star cerficate holder.

2.i heared 1 % STR available on certificate holder. can we eligible the STR@1% on Exciting 400 crores turnover.

please urgent.

RAMESH KUMAR VERMA

( Expert )
04 September 2012

the status holders (i.e., Export House/Trading House/Star Trading House/ Super Star Trading House) will be eligible for the following new/special facilities:

Licence/Certificate/Permissions and Customs clearances for both imports and exports on self-declaration basis.

Fixation of Input-Output norms on priority;

Priority Finance for medium and long term capital requirement as per conditions notified by RBI;

Exemption from compulsory negotiation of documents through banks. The remittance, however, would continue to be received through banking channels;

100% retention of foreign exchange in EEFC account;

Enhancement in normal repatriation period from 180 days to 360 days.

The threshold for obtaining status certificate as Export House has been brought down to Rs.5 crore for tiny, cottage, small scale, handloom, handicraft, agri-exports, services, units having ISO:900 (series) status, exporters exporting to Latin American countries, Sub-Saharan Africa and CIS countries.

"Status certificates have been issued to units on the basis of their export performance. Based on all these parameters"

further more information link is:

http://www.caclubindia.com/share_files/handbook-of-procedures-2012-13-48292.asp#.UEWqTqA-1tg

vaithy

( Author )
04 September 2012

thanks,

my question is that last three years our sales crossed around 400 crores.

if we got star export house certification. its eligible to get 1 % STR on exports FOB.
is it applicable to 400 Crore turnover. or future exports only ?

RAMESH KUMAR VERMA

( Expert )
04 September 2012

The average rate of service tax refund, in respect of 18 identified services, will be in the range of 0.03% to 0.20% of the F.O.B. value of export.

READ LINK:

http://www.servicetax.gov.in/circular/st-circular11/st-circ-149-2k11.htm

MUST READ FOREIGN TRADE POLICY 2009-14

vaithy

( Author )
04 September 2012

special incentives given by the govt.to status holder on fob 1%. we croseed 400 crores. can we get the incentives the exisiting 400 crores? or future exports only

RAMESH KUMAR VERMA

( Expert )
04 September 2012

Right now you are on right query actual your query were it anyway u are admissible for this incentive.

vaithy

( Author )
04 September 2012

existing FOB Value 400 Crores on 1% ? right

RAMESH KUMAR VERMA

( Expert )
04 September 2012

as per Foreign Trade a policy 2009-14 para 3.16.1(B)status holder of sector specified in Para 3.16.4 of Foreign trade policy shall be entitled to a DUTY credit scrip @1%OF FOB VALUE of export made during 2009-10,2010-11,2011-12 & 2012-13.

Noted that as per para 3.16.2 of Foreign Trade policy current availing TUFS scheme benefits shall not be eligible in the said financial year.

regards,

vaithy

( Author )
04 September 2012

THANK YOU VERY MUCH SIR.

RAMESH KUMAR VERMA

( Expert )
04 September 2012

welcome ....

are you satisfied Reply given by me?

vaithy

( Author )
04 September 2012

yes, we are aluminium die casting division, for telecom products. now got clarify. thanks

RAMESH KUMAR VERMA

( Expert )
04 September 2012

Mr. Vaithy,

for issuance this certificate from beginning to end meet us.

ramesh.arti@sify.com

vaithy

( Author )
05 September 2012

i have one more doubt.

one we are procuring material from EOU Unit.they just started the unit. they are charging 10% customs duty on all DTA sale.

i said they could sale with concession rate of duty.but they are not agreed.

they are saying the that they received money from SEZ is Rupees, hence no concessional duty adapted

RAMESH KUMAR VERMA

( Expert )
05 September 2012

READ LINK FOR REFUND THE DUTY:

http://www.caclubindia.com/share_files/comprative-incentive-among-sez-eou-and-general-unit--23721.asp#.UEcz06A-1tg

vaithy

( Author )
27 February 2013

nw applied the status holder certificate.

they are asking to provide:

1.Our ISO certificate agency not mentioned in the list of DGFT.

how to solve the problem, what is the remedy.

2.there are asking to provide consolidated foreign currency statment from bank.

how to tackle the issue.

RAMESH KUMAR VERMA

( Expert )
27 February 2013

please provide scanned copy of this letter so can reply without examine and reading how can i resolved the Matter?

ramesh.arti@sify.com