Status Category issue

[Kishan Barai]

Once a person gets a Status Category on completion of terms and condition based on Exports, can it be taken back if performance dips ??

[YAGAY andSUN]

No, since it valid for 5 years or till the time of existing FTP shall remain in force.

[Kishan Barai]

Thank You Very Much for reply.

AI Summary

Status category validity: remains fixed for its prescribed term and existing policy period despite post grant performance decline. The grant of a Status Category based on export linked conditions cannot be withdrawn for subsequent decline in performance; it remains in force for the prescribed validity period or until the existing Foreign Trade Policy ceases to apply, limiting post grant revocation tied to performance.