If you are running your export business without having any recognition then you must apply for star category recognition from Government of India and grow your export business in multiplicity.
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Status Holders are business leaders who have excelled in international trade and have successfully contributed to country’s foreign trade. Status Holders are expected to not only contribute towards India’s exports but also provide guidance and handholding to new entrepreneurs.
You may become a Status Holder by applying for a Status Holder Certificate. If your application for the requested Status House is approved, you shall be issued a Status Holder Certificate.
All exporters of goods, services and technology having an import–export code (IEC) number shall be eligible for recognition as a status . 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& Jewelry Sector the performance during the current and previous two financial years shall be considered for recognition as status holder).
For granting status, export performance is necessary in at least two out of four years.
An exporter shall be granted status holder category as per the below:
Status Category | Export Performance Threshold In USD Million |
One Star Export House | 3 |
Two Star Export House | 15 |
Three Star Export House | 50 |
Four Star Export House | 200 |
Five Star Export House | 800 |
(a) Double Weightage shall be available for grant of One Star Export House Status category only. Such benefit of double weightage shall not be admissible for grant of status recognition of other categories namely Two Star Export House, Three Star Export House, Four Star
export House and Five Star Export House. The exports by IEC holders under the following categories shall be granted double weightage for calculation of export performance for grant of status:
i. Micro and Small Enterprises as defined in Micro, Small & Medium Enterprises Development (MSMED) Act 2006
ii. Manufacturing units having ISO/BIS Certification
iii. Units located in North Eastern States including Sikkim, and Union Territories of Jammu , Kashmir and Ladakh
iv. Export of fruits and vegetables falling under Chapters 7 and 8 of ITC HS
(b) A merchandise shipment/ service rendered can get double weightage only once in any one of above categories.
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