Page 267 - DMGT546_INTERNATIONAL_TRADE_PROCEDURE_AND_DOCUMENTATION

International Trade Procedures and Documentation

Notes Units in FTWZs shall be net foreign exchange earners. Net foreign exchange earning shall be
calculated cumulatively for every block of five years from the commencement of warehousing
and/or trading operations.
12.8 Star Export Houses

Under the current foreign trade policy, Merchant as well as Manufacturer Exporters, Service
Providers, Export Oriented Units (EOUs) and Units located in Special Economic Zones (SEZs),
Agri Export Zone (AEZs), Electronic Hardware Technology Parks (EHTPs), Software Technology
Parks (STPs) and Bio Technology Parks (BTPs) are eligible for applying for status as Star Export
Houses.
The categorization of applicants is based on his total FOB/FOR export performance during the
current plus the previous three years as follows:
Table 12.1: FOB/FOR Export Performance
Category Performance (in `)
One Star Export House 15 crore
Two Star Export House 100 crore
Three Star Export House 500 crore
Four Star Export House 1500 crore
Five Star Export House 5000 crore
The following special privileges are available to Star Export Houses:

They are allowed licence/certificate/permissions and Customs clearances for both imports
and exports on self-declaration basis.
Fixation of Input-Output norms on priority within 60 days.

They are allowed exemption from compulsory negotiation of documents through banks.
The remittance, however, needs to be received through banking channels.
100% retention of foreign exchange in EEFC account.

They are permitted enhancement in normal repatriation period from 180 days to 360 days.
They are entitled for consideration under the Target Plus Scheme.
They enjoy exemption from furnishing of Bank Guarantee in schemes under the foreign
trade policy.

12.9 EOUs, Electronic Hardware Technology Parks, Software

Technology Parks, Biotechnology Parks

Units committed to exporting their entire production of goods and services can choose to set up
in any one of the following schemes:
Export Oriented Unit (EOU) Scheme
Electronic Hardware Technology Park (EHTP) Scheme

Software Technology Park (STP) Scheme
Biotechnology Park (BTP) Scheme

262 LOVELY PROFESSIONAL UNIVERSITY