FTP - Status Holder - Amendment
GOVERNMENT has amended 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. For the Gems and Jewellery Sectors the existing criteria of export performance in the current and previous two years shall continue.
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 .
In DDT 2611 03. 06. 2015, we asked, FTP 2015-2020 - How to compute Export Performance for Status Holders?. We are yet to get the answer.
Notification No. 04/(2015-2020) ., Dated: April 29, 2016