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DGFT Hand Book of Procedures Foreign Trade Procedure (upto 07/04/2005) PARA 4.7.3

Licence in Excess of Entitlement

4.7.3

An applicant shall be entitled for licence under this paragraph in excess of entitlement mentioned in paragraph 4.7.1 subject to furnishing of 100% Bank Guarantee to Customs authority to cover the exemption from Customs duties. A specific endorsement to this effect shall be made on the licence.

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