Rushil Decor awarded 3 Star Export House Certification from Government of India

Rushil Decor (BSE: 533470, NSE: RUSHIL) a leading company in Laminate and MDF panel boards, announced that they have attained 3 Star Export House Certification, signalling a significant triumph in the realm of international trade. This prestigious recognition from Directorate General of Foreign Trade, Ministry of Commerce and Industry (Government of India), is a testament to Rushil Decor's unwavering commitment to maintain quality with innovative design that meets the need of international market.

"The 3 Star Export House Certification is a moment of immense pride and validation for Rushil Decor. It underscores our commitment to delivering products of the highest quality to the global market. This recognition not only elevates our credibility but also paves the way for expanded horizons and sustained growth" said Rushil Thakkar, Director, Rushil Decor Limited.

Mr. Thakkar further added "To get 3 Star export house certification, we achieved export target of Rs. 250 Crore. We are now targeting to achieve Rs. 500 Crore export mark within a span of next four years and secure 4 Star Export House status. At present more than 26 percent of the company's revenue comes from export. We are currently exporting to more than 51 countries across the world."

In the first half of the 2023-24 fiscal year,. Rush ii Decor showcased exceptional export performance, surpassing expectations by achieving revenues of INR 116.89 Crore. This outstanding achievement played a pivotal role in elevating it's stature to 3 Star Export House status.

As a 3 Star Export House, Rush ii Decor now stands to benefit from a range of advantages that will streamline trade operations, which includes;

- Authorisation & custom clearance for imports & exports on a self-declaration basis.
- Exemption from furnishing bank guarantee for Foreign Trade Promotion Schemes.
- Priority fixation of input - output forms within 60 days by the Norms Committee.
- Exemption from compulsory negotiation of documents through banks.
- Benefits of the Accredited Clients Programme, as per the guidelines of the Central Board of Excise and Customs
- Eligible to export freely exportable items on free of cost basis for export promotion subject to an annual limit of Rs.10 lakhs or 2% of average annual export realisation during the preceding 3 licensing years, whichever is higher.
- Eligible to self-certify their goods as origination from India.

Rushil Decor's rapid growth and commitment to international trade have -led to this remarkable progression:Previously company held the 2 Star Export House status.

Shares of Rushil Decor Limited was last trading in BSE at Rs. 372.50 as compared to the previous close of Rs. 380.40. The total number of shares traded during the day was 25906 in over 1285 trades.

The stock hit an intraday high of Rs. 388.45 and intraday low of 370.25. The net turnover during the day was Rs. 9745747.00.

Source : Equity Bulls

Keywords

RushilDecor INE573K01017 3Star ExportHouse Certification