Eximkey - India Export Import Policy 2004 2013 Exim Policy
DGFT Hand Book of Procedures HB Vol.1 ( upto 31/03/2002) Para 8.14
8.14
  1. The following table gives the LUT/Joint LUT limit for different categories of exporters:-
    TYPE OF EXPORTER LIMITS
    Super Star Trading House and Units within the same group/ Public Sector Undertaking and units within the same group. Unlimited.
    Export House/ Trading House/ Star Trading house and units within the same group. Upto five times of FOB value of exports effected in the preceding licensing year/current year.
    Exporters having performance of past export but not covered under Sl.No.1and 2 above. Upto two times of FOB value of exports made during the preceding licensing year.
    Any overseas Company with its branch office in India with an its Annual average turnover in Diamonds during preceding three Licensing years not less than Rs.150 crore. Upto 50% of Annual average turnover of the Preceding three licensing years.

  2. The duration of LUT/Joint LUT shall be for a period of two years;

  3. The applicant may submit the LUT alongwith the application itself which may be accepted and such an acceptance may be endorsed on the back of the licence.

  4. For Diamond Imprest Licence also, a LUT on an annual basis shall be executed.

  5. The LUT/Joint LUT shall be executed in the form given in Appendix-24B.

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