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DGFT Hand Book of Procedures HB Vol.1 ( upto 31/08/2004) Para 2.25.3

2.25.3

Payment through ECGC cover

In cases where the export has been completed but the payment has not been realised from the buyer, such exports shall be taken into account for the purpose of benefits under the Policy provided the payment has been realised by the Indian exporter through ECGC cover.

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