I have taken advance license on my company IEC number and add Co - license( other IEC) which have star export house certificate.
can I take benefit of star export house for BG exemption as per 58/2004 CBIC?
If not then what is the purpose of adding co- license in my advance license?
can I add co - licensee in EPCG license?
Co-licensee as Star Export House may enable BG exemption under CBIC Circular 58/2004 only if eligibility, docs, and license permit If a license lists a co-licensee that is a Star Export House, the licensee may be able to claim BG exemption under CBIC circular 58/2004 only if the co-licensee's status and contribution meet the circular's eligibility conditions and the advance/EPCG license terms permit reliance on the co-licensee's credentials. Adding a co-licensee typically aims to share export obligations, utilize another IEC's entitlement or status, and enable performance fulfillment; whether it conveys automatic BG exemption depends on procedural compliance, documentary proof and DGFT/CBIC rules. Whether EPCG allows a co-licensee likewise depends on EPCG guidelines; confirm with the licensing authority or a customs/DGFT advisor. (AI Summary)