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DGFT Hand Book of Procedures (Pdf)'>Foreign Trade Procedure (wef 05/06/2012) (Pdf) 4.7.3

4.7.3

Authorisation in Excess of Entitlement

An applicant shall be entitled for authorisation in excess of entitlement mentioned in paragraph 4.7.1(a) subject to furnishing of 100% Bank Guarantee to Customs authority to cover exemption from customs duties. A specific endorsement to this effect shall be made on authorisation.

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