4.83
- Document type
- Procedure
- Dated
Outright Purchase Basis in Advance
4.83
Outright Purchase Basis in Advance
(a) 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.
(b) Exports shall be effected within a maximum period of 90 days from date of outright purchase of precious metal.