Directorate General of Foreign Trade (DGFT) has issued Policy Circular No. 36 (RE 2004)/2002-2007, addressing the renewal of Status Holder Certificates that expired on March 31, 2004. The circular clarifies that exporters eligible for renewal who have applied for the status holder certificate will have their status automatically renewed from April 1, 2004, until the new certificate is issued. To address confusion regarding interim benefits, it allows exporters whose certificates expired on the deadline to continue receiving benefits, such as exemptions from bank guarantees, provided they submit a one-time undertaking to the DGFT or relevant authorities affirming their eligibility.
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
Policy Circular No. 36 (RE 2004)/2002-2007 Dated 3rd June, 2004
To,
All Licensing Authorities
All Commissioners of Customs,
Sub: Extension of the Status Holder Certificate expiring on 31.03.2004
Attention is invited to Public Notice No 57 dated 31.03.2004 wherein paragraph 3.2 of the Handbook of Procedures ( Vol 1) was amended in order to incorporate the provision for the renewal of the status holder certificates (including the Golden Status Certificates) that were expiring on 31.03.2004.
2. The provision specifically mandated that the “The Status Holder status also stands automatically renewed from 01.04.2004 till the date of allotment of the renewed status holder certificate for applicants who are eligible for renewal of status certificate and have made the application accordingly.”
3. A confusion seems to have arisen on the arrangement for the interim period from 01.04.2004 till the date of application for renewal of the status holder status. It seems that some of the Customs Houses are insisting on specific documents for granting the status holder scheme benefits such as exemption from Bank Guarantee etc.
4. The matter has been deliberated upon in this office and it has been decided that the benefits of the status holder scheme may be granted to exporters whose status holder status (including Golden status) expired on 31.03.2004 provided they give a one time undertaking to the DGFT, its regional offices , Customs or any other appropriate authority indicating that they have achieved the export turnover mandated for the grant of status holder certificate and would be making the application for renewal on or before 31.10.2004.
This issues with the approval of DGFT.
(AJAY SRIVASTAVA)
Joint Director General of Foreign Trade
(F.No : 01/94/180/11/AM05/ PC IV)a
