8.14
- Document type
- Procedure
- Dated
- Category
- HB Vol.1 (upto 31/03/2001)
Legal Undertaking Limit
8.14 (i) The following table gives the LUT/Joint LUT limit for different
categories of exporters;
TYPE OF EXPORTER LIMITS
Super Star Trading House and Units within
the same group / Public Sector Undertaking
and units within the same group Unlimited
Export House / Trading House / Star Trading
house and units within the same group. Upto five times of FOB value
of exports effected in the
preceding licensing
year / current year
Exporters having performance of past export
but not covered under Sl.No.1 and 2 above Upto two times of FOB value
exports made during the
preceding licensing year.
Any overseas Company with its branch office
in India with an its Annual average turnover
in Diamonds during preceding three Licensing
years not less than Rs. 150 crores Upto 50% of Annual average
turnover of the Preceding
three licensing years
(iii) The applicant may submit the LUT alongwith the application itself which
may be accepted and such an acceptance may be endorsed on the back of
the licence.
(iv) For Diamond Imprest Licence also, a LUT on an annual basis shall be
executed.
(v) The LUT / Joint LUT shall be executed in the form given in Appendix-
24B.