Export Status Certificates

Export Status Certificates

News: The Ministry of Commerce & Industry in India has launched a digital system for issuing automatic ‘Status Holder’ certificates under the Foreign Trade Policy (FTP) 2023.

About:
• The ystem eliminates the need for exporters to apply to the Directorate General of Foreign Trade (DGFT) for a Status Certificate. Instead, the IT system will determine export recognition based on the Directorate General of Commercial Intelligence and Statistics (DGCIS) merchandise export electronic data and other risk parameters.
• The system has simplified the process, reduces compliance burdens, and promotes ease of doing business.
• The Status Holder certification program enhances the credibility of Indian exporters in international markets and offers privileges like simplified procedures, priority custom clearances, and exemptions from certain requirements.