` 8.21 The following persons are eligible to apply for Bulk Licences: (a) M/s Hindustan Diamond Company Ltd (HDCL), Mumbai;

(b) MMTC Ltd, New Delhi;

(c) Exporter whose annual average FOB value of export of cut and polished diamonds during the preceding three licensing years has been not less than Rs. 75 crores;

(d) Any overseas company with its branch office in India whose annual average turnover in diamonds during the preceding three licensing years is not less than Rs. 150 crores.

An application for issue of a Bulk Licence may be made to the licensing authority concerned as given in Appendix-29 in the form given in Appendix-15C alongwith documents prescribed therein.