Meaning of Export House
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Transcript of Meaning of Export House
EXPORT HOUSESBOOST TO FOREIGN TRADE
Export House
Location United Kingdom
•Export House is defined as a registered exporter holding a valid Export House Certificate issued by the Director general of Foreign Trade in India.
OBJECTIVES OF EXPORT HOUSE To make available supplies of essential commodities to
consumers at reasonable prices on a regular basis. To ensure a fair price of the produce to the farmers so
that there may be an adequate incentive to increase production.
To minimize Price fluctuations. To arrange for supply of fertilizers and insecticides. To undertake the procurement and maintenance of
buffer stock and their distribution whenever and wherever necessary.
To arrange for storage, transportation, packaging and processing.
ELIGIBILITYManufacturer ExporterMerchant ExporterService ProvidersExport Oriented Units (EOU’s)Special Economic Zones (SEZ’s)Software Technology Parks (STP’s)
TYPES Export House- The Foreign Trade Policy encourages
Small Scales Industries / Tiny Sectors / Cottage Sectors / ISO units and many more categories of exporters by giving double weightage while determining the eligibility criteria.
Trading House-A trading house is an exporter, importer and also a trader that purchases and sells products for other businesses. Trading houses provide a service for businesses.
Star Trading House- Manufacturing companies or industrial houses with annual turnover of 300 cr. – 1000 cr. Shall be recongnised as star trading house or Super star trading house.
LEVEL OF EXPORT PERFORMANCE FOR RECONGNITION
EXPORT HOUSE---- 15 Cr.
TRADING HOUSE---75 Cr.
STAR TRADING HOUSE---375 Cr.
SUPER STAR TRADING HOUSE---1125 Cr.
Terms & ConditionsCertificate shall be valid for a period of 3
years starting from 1st April of the licensing year ,unless otherwise specified.
On the expiry of such certificate, application for renewal of status certificate shall be required to be made within a period of six months.
During the said period, the status holders shall be eligible to claim the usual facilities and benefits.
CERTIFICATES
ConclusionExport houses better take care of the buyers
specifications and provide them good quality products.
Exporters should invest in technological tools, and come at par to compete with their foreign competitors.
Export trading houses export large volumes of products from many sources of lower unit costs through established networks of overseas offices.
THANKYOU