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Who can get exemption from Bank Guarantee?

April 26, 2017Bank guarantee

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Who can get exemption from Bank Guarantee?

1 Answer

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a. All the exporters who have an export turnover of at least Rupees 5 Crore in the current or preceding licencing year and have a good track record of three years of exports will be exempted from furnishing a BG for any of the schemes under this Policy and may furnish a LUT in lieu of BG.