Export Against Supply By Foreign Buyer

4A.15.8

Exporter may also obtain, in advance, gold / silver / platinum etc. supplied by foreign buyer by furnishing a BG / LUT for an amount equal to international price of such items plus customs duty payable thereon. BG / LUT shall be redeemed only when the exporter has furnished proof of exports to nominated agency and accounted for the use of items supplied in advance in export product.