12.12A

Manufacturing companies/  Industrial houses

Manufacturing companies or Industrial houses with an annual manufacturing turnover of Rs.300 crores and Rs.1,000 crores in the preceding licensing year shall be recognised as Star Trading House and Super Star Trading House respectively on signing a Memorandum of Understanding in the prescribed form for achieving physical exports as currently prescribed for these categories over a period of next three years. Similarly, companies/project exporters, domestic service providers with annual turnover of Rs.100 crores or more in the preceding licensing year shall be recognised as Export House and International Service Export House respectively on signing a Memorandum of Understanding in the prescribed form for achieving physical exports as currently prescribed for this category over a period of next three years.

(Above para has been added vide Ntf.No.22/(RE-98), Dt.21/9/98.)