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        DGFT

        Amendments in the Export and Import Policy, 1997-2002 - 33 (RE-98) 1997-2002 - Foreign Trade Policy

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        Recognition criteria for service exporters: free foreign exchange thresholds now determine trading house status and entitlement to Chapter 12 benefits. Amendment permits hotels, travel agents, tour operators and tourist transport operators to qualify as Export House, Trading House, Star Trading House or Super Star Trading House based on prescribed free foreign exchange earning thresholds (average over three licensing years and for the preceding licensing year). Recognised entities receive benefits under Chapter 12 of the Handbook of Procedures, and SIL entitlement under Chapter 12 is to be calculated on payments received in free foreign exchange rather than on FOB export value.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Recognition criteria for service exporters: free foreign exchange thresholds now determine trading house status and entitlement to Chapter 12 benefits.

                              Amendment permits hotels, travel agents, tour operators and tourist transport operators to qualify as Export House, Trading House, Star Trading House or Super Star Trading House based on prescribed free foreign exchange earning thresholds (average over three licensing years and for the preceding licensing year). Recognised entities receive benefits under Chapter 12 of the Handbook of Procedures, and SIL entitlement under Chapter 12 is to be calculated on payments received in free foreign exchange rather than on FOB export value.


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