Business executives who have achieved success in foreign trade and made significant contributions to the nation's foreign commerce are considered status holders. It is required of Status Holders to support India's exports and offer advice and assistance to nascent enterprises.

By submitting an application for a Status Holder Certificate, the exporter may get status. A Status Holder Certificate will be given to you if your application for the desired Status House is accepted.

An export house certificate can be obtained by an exporter who exports goods or services. After achieving a certain minimum export performance in the last two fiscal years, an applicant would be eligible and classified.

• The FOB (Free on Board) value of export earnings in free foreign exchange serves as the basis for calculating export performance.
• When it comes to considered exports, it exchanges the Indian rupee FOR value of exports into US dollars using the Central Board of Excise and Customs' current exchange rate, which is in effect as of April 1st of every fiscal year.

• Exporters of technology, commodities, and services who have an import-export code (IEC) number are entitled to be recognized as status holders.
• Export performance will determine if a status is recognized.
• If an applicant has achieved export performance in the last three fiscal years, they will be classified as a status holder.
• The Gems & Jewelry Sector will be recognized as a status holder based on their performance in the last two fiscal years as well as the current one.
• Export performance must be maintained for at least two of the four years in order to receive status.

You may be eligible for double weightage as an exporter holding an IEC if you satisfy any one of the following requirements:

• The MSME/SSI Certificate is yours.
• You have production facilities that follow ISO/BIS guidelines.
• Sikkim, Jammu & Kashmir, and other northeastern states are home to your corporate units.
• The locations of your business units are in the Agri Export Zones.

Furthermore, it prohibits the conversion of an IE Code holder's export performance to that of another IE Code holder. Moreover, SCOMET items, exports done on a re-export basis, and authorized exports would not be taken into account when calculating export performance.

A Status Holder is entitled to the benefits outlined in the Foreign Trade Policy. After being named a star export firm, the exporter is eligible for a number of advantages and rewards, including:

• On a self-declaration basis, import and export authorization and customs clearance may be granted.
• Except as otherwise noted, exemption from providing a bank guarantee for schemes under the Foreign Trade Promotion Act.
• Within 60 days, the Norms Committee may prioritize fixing input-output norms.
• Exemption from the requirement to negotiate documents with banks. However, receipts or remittances ought to be obtained via financial channels.
• According to Department of Revenue criteria, export houses that are rated two stars or above are allowed to open export warehouses.
• As per the standards set forth by the Central Board of Excise and Customs, export houses that have three stars or more are eligible to get benefits from the Accredited Clients Programme.
• When managing consignments, status holders would be entitled to priority and preferred treatment by the relevant agencies.
• Status holders can export freely exportable goods for free in order to promote exports, up to an annual cap of Rs. 10 lakhs or 2% of the average yearly export realization over the three license years prior, whichever is larger.
• Manufacturers who export their products have the option to self-certify that they come from India.