Amendment in Para 3.20(b) of Foreign Trade Policy 2015-2020 (From April 1, 2015 to March 31, 2020) relating to criteria for recognition as Status Holder w.e.f April 1, 2016
The Central Government vide Notification No.04/2015-2020 dated April 29, 2016 has made amendments in Para 3.20(b) of Foreign Trade Policy 2015-2020 relating to criteria for recognition as Status Holder with effect from April 1, 2016. Earlier the applicant had to achieve export performance during current and previous two financial years which is now increased to current and previous three financial years.
However, for Gems and Jewellery sectors the existing criteria of export performance in the current and previous two financial years shall continue.
Read more at: http://dgft.gov.in/Exim/2000/NOT/NOT16/noti0416.pdf