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Status holder incentive scheme

Babita (Industrial Trainee) (106 Points)

14 January 2013

Hi all.... Can Somebody please explain what is status Holder Incentive Scheme?? Whether the licence granted under above scheme tradable or not?? if it is tradable Can a company use it for import of Raw Material and Capital Goods??? Thanks in Advance

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RAMESH KUMAR VERMA ( CS PURSUING ) (43848 Points)
Replied 16 January 2013

Status Holder (Export, Trading Houses)
Merchant as well as Manufacturer Exporters, Service Providers, Export Oriented Units
(EOUs) and Units Located in Special Economic Zones (SEZs), Agri Export Zones
(AEZs), Electronic Hardware Technology Parks (EHTPs), Software Technology Parks
(STPs) and Biotechnology Parks (BTPs) are eligible for status. Status will be granted
depending on total FOB (FOR - for deemed exports) of the applicant during current
plus previous three years (taken together) upon exceeding limit given below.
For Export House (EH) Status, export performance is necessary in at least two out of
four years (i.e., current plus previous three years).
Status Category FOB / FOR Value (Rupees in Crores)
Export House (EH) 20
Star Export House (SEH) 100
Trading House (TH) 500
Star Trading House (STH) 2500
Premier Trading House (PTH) 7500
Exporters in Small Scale Industry (SSI) / Tiny Sector / Cottage Sector, Units registered
with KVICs / KVIBs, Units located in North Eastern States, Sikkim and Jammu &
Kashmir, Units exporting handloom handicrafts / hand knotted or silk carpets, exporters
exporting to countries in Latin America / CIS / subSaharan Africa as listed in Appendix-
9, Units having ISO 9000 (series) / ISO 14000 (series) / WHOGMP / HACCP / SEI CMM
level-II and above status granted by agencies listed in Appendix-6 of HBP v1, exports of
services and exports of agro products shall be entitled for double weight age on exports
made for grant of status

read link:

https://dgft.gov.in/dgftcla/PDF/chapter3.pdf

2 Like

RAMESH KUMAR VERMA ( CS PURSUING ) (43848 Points)
Replied 16 January 2013

PUBLIC NOTICE No. 54 / 2009-14 dated 08.04.2010
Amendment in Hand Book of Procedure Vol.I

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby makes the following amendments in HBPv1:

1. After Para 3.10.1, the following paragraphs are added:

3.10.2

Application for grant of Duty Credit Scrip under SHIS (Para 3.16 of FTP) for exports made during 2009-10 or for exports made during 2010-11, as the case may be, shall be made to jurisdictional RA concerned in ANF3E along with documents prescribed therein.

3.10.3

The last date of filing the application shall be 31st March 2011 for SHIS Application on exports made during 2009-10 (and 31st March 2012 for SHIS Application on exports made during 2010-11).

3.10.4

As Para 3.17.8 of FTP does not apply to SHIS, shipments where VKGUY, FMS, FPS (including MLFPS) benefits have been claimed/will be claimed by applicant or by the supporting manufacturer (based on disclaimer by the exporter) shall be entitled for SHIS benefits to the exporter Status Holder. SHIS is entitled for shipments where foreign exchange realisation is in the name of applicant Status Holder.

3.10.5

Merchant Status Holders shall have the facility to list the supporting manufacturer till the date of filing of the Application for claiming the SHIS benefits.

To list the supporting manufacturer, proof of supporting manufacturer may be given to RA concerned by giving any of the export documents (Shipping Bill/Bill of Export/ARE forms/Customs/Bank attested Invoices) evidencing the same.

Listed Supporting Manufacturers shall be co-licensee of the SHIS Scrip.

3.10.6

SHIS scrip can be used for payment of applicable duties on import of Capital Goods (as defined in FTP) relating to the sectors specified in Para 3.16.4 of FTP. The Scrip / the goods so imported shall be with Actual User Condition. Imports of Capital Goods shall be related to any of the sectors listed in Para 3.16.4 of FTP, without any sector wise value limitation; even by the listed supporting manufacturers.

3.10.7

Para 3.11.8 of this HBP shall not apply to this Scheme. Further, Monitoring the realization of export proceeds shall be in terms of 3.11.12 & 3.11.13 of this HBP.

2. ANF3E for claiming benefits under Status Holders Incentive Scrip (Para 3.16 of FTP) is annexed as Annexure A to this Public Notice.

This issues in public interest.

Sd/-
(R.S. Gujral)
Director General of Foreign Trade and
Ex-Officio Special Secretary to the Government of India

(F. No. 01/91/180/1846/AM10/PC3)Annexure A

1 Like

RAMESH KUMAR VERMA ( CS PURSUING ) (43848 Points)
Replied 16 January 2013

if you have any query pls ask.

Babita (Industrial Trainee) (106 Points)
Replied 16 January 2013

Thanks for the Reply.... Can you please guide me whether purchase of license granted under Status Holder Incentive scheme is permissible? what will be the procedure for such purchase? and whether such purchased license is eligible to be used for import of capital goods and consumables like coal??

RAMESH KUMAR VERMA ( CS PURSUING ) (43848 Points)
Replied 23 January 2013

Notification Nos. 29/2012-Central Excise to 33/2012-Central Excise all dated 9.7.2012 allow duty credit scrips issued under FPS, FMS, AIIS (under VKGUY), VKGUY and SHIS schemes to be used for domestic procurement, subject to the conditions laid down therein which have been provided keeping in view, inter alia, the transferability/limited transferability of these scrips. It has also been provided that the holder of the scrip, to whom the goods are cleared under these Central Excise notifications, shall be entitled to avail the drawback or Cenvat credit of duties of excise leviable against the amount debited in the scrip and validated at the time of clearance. These notifications reflect para 3.17.5 (c) of FTP. The Notification No. 44/2012-Customs dated 9.7.2012 makes consequential changes in the notifications issued with respect to these scrips for imports.

MUST READ:

https://www.cbec.gov.in/customs/cs-circulars/cs-circ12/circ20-2012-cs.htm

1 Like

Ujjal Datta (Service) (32 Points)
Replied 28 July 2013

Hi I have a query.

I want to sold the SHIS (Status Holder Incentive Scheme) which value around 72 lakhs, how much amount I will get maximum.

regards,

Ujjal Datta (Service) (32 Points)
Replied 28 July 2013

Hi all,

What will be accounting treatment if I like to book it on accrual basis.

regards,

RAMESH KUMAR VERMA ( CS PURSUING ) (43848 Points)
Replied 29 July 2013

if you interested to sell these licence direct call to Mr. AMIT SHARMA IN ICD PPG NEW DELHI

09811625413 (I HAVE NO RESPONSIBILITY OF CREDIT/ DEBIT AMOUNT THIS IS UPON YOUR RESPONSIBILITY)

Manjappa (Manufacturing Industry) (31 Points)
Replied 15 November 2014

What are all Document need for clearance of goods under SHIS ( Under C E Notification 33/2012 Dt.9.7.2012) Procure goods from Locally

Sameer (Accountant) (27 Points)
Replied 05 December 2014

Kindly help me to advice the following . your guidance will be highly appreciable In this regards

How to apply export house certificate& Focus market scheme, EPCG & SHIS in DGFT for the first time
Difference b/w Export hose benefits & star export house benefits.
FMS, SHIS, EPCG benifits

Sameer (Accountant) (27 Points)
Replied 05 December 2014

Kindly help me to advice the following . your guidance will be highly appreciable In this regards

How to apply export house certificate& Focus market scheme, EPCG & SHIS in DGFT for the first time
Difference b/w Export hose benefits & star export house benefits.
FMS, SHIS, EPCG benifits

Siddhart Rishabh Sharma (Proprietor) (82 Points)
Replied 09 December 2014

SHIS Licenses are transferable and can be used for Import of Capital Goods only,as it only can be used for importing capital goods the rate of SHIS usually around 30% of the Value depending upon the requirement and market rates.Contact me for selling SHIS Licenses @ radhaexim @ hotmail.com.

1 Like

Girish (C.A) (21 Points)
Replied 18 December 2014

We are supplying material to SHIS Lic holder , what is the procedure , as a supplier what papers we should ask him or any obligation at our end to colse the said loop.

regards

Pankaj khdkar