Recognition as Trading House

Recognition as Trading House :

Merchant and manufacturer exporters, service providers, Export Oriented Units and units located in the Export Processing Zones / Spccial Economic Zones / Electronic Hardware Technology Parks / Software Technology Parks are eligible for recognition as Export Houses / Trading Houses / Star Trading Houses or Super Star Trading Houses under the criteria laid down from time to time.

The following advantages accrue to them.

(i) They are entitled to the facility of maintaining foreign currency accounts either in India or abroad.

(ii) They are allowed to open offices or post representatives abroad without RBI permission provided they utilise the foreign exchange for such purpose out of their foreign currency accounts or Exchange Earners Foreign Currency Accounts.

(iii) They can avail grants under Marketing Development Fund.

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