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PIX
Transmissions Limited has been awarded "Trading House
Certificate" by the Office of the Director General of
Foreign Trade, Ministry of Commerce & Industry, Government
of India in recognition of its export performance.
The minimum export turnover required for this certificate is
Rs.500 crore (100 million USD) to be achieved cumulatively during current and
previous three years as per the present Foreign Trade
Policy.
Being awarded with Trading House Certification PIX is now
eligible for the following privileges:-
1) 1% status holder incentive scrip under foreign trade
policy.
2) 100% retention of foreign exchange in EEFC account.
3) Exemption from furnishing of bank guarantee in schemes
under Foreign Trade Policy.
4) Exemption from compulsory negotiation of documents
through bank i.e. sending of documents directly to the
consignee / buyer, however remittances to be received
through normal banking channels.
5) Authorization and customs clearances for both imports and
exports on self-declaration basis.
6) Fixation of input-output norms on priority basis, within
60 days.
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