Eximkey - India Export Import Policy 2004 2013 Exim Policy
Outright Purchase Basis in Advance

4A.22

The exporter may obtain the required quantity of precious metal in advance on outright purchase basis subject to furnishing of Bank Guarantee/LUT, as the case may be to the Nominated Agencies for an amount as may be prescribed by the Nominated Agency. On failure to effect exports within the period prescribed, the Nominated Agencies shall enforce the Bank Guarantee/LUT.

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