Eximkey - India Export Import Policy 2004 2013 Exim Policy
8.51 The exporter may also obtain, in advance, gold/silver/platinum etc. supplied by the foreign buyer by furnishing a bank guarantee for an amount equal to the international price of such items plus customs duty payable thereon. The bank guarantee shall be redeemed only when the exporter has furnished proof of exports to the nominated agency and accounted for the use of items supplied in advance in the export product.

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