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

4A.22

Exporter may obtain required quantity of precious metal in advance on outright purchase basis subject to furnishing of BG / LUT to nominated agencies for an amount as may be prescribed by nominated agency. On failure to effect exports within period prescribed, the nominated agencies shall enforce BG / LUT, as the case may be.

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