Govt deserves praise for e-SHC initiative

The commerce ministry says that with the launch of this new system, the number of status holders will go up from 12,518 to about 20,000

In a remarkable move, the commerce ministry has decided to grant status recognition for exporters on the basis of the merchandise exports data available with the Directorate General of Commercial Intelligence and Statistics (DGCIS). Under the new arrangement, exporters will not be required to file an application for status recognition in the normal course.

All exporters of goods, services and technology, having an import-export code (IEC) number, are eligible for recognition as a status holder based on export of goods and services, and even deemed exports they make. The threshold export performance for recognition of various categories of status i.e.