BG for 5% of gold value (and not bond amount) obtained for nominated agencies

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..... Procedures Amendment of Bank Guarantee amount regarding. I am directed to refer to Board's Circular No. 27/ 97 dated 8th July, 1997 and Circular No. 48/97 dated 13th October, 1997 on the subject cited above. 2. The Gold Jewellery Exporters Association, New Delhi and the Ministry of Commerce have submitted that the exporters who are exporting Gem & Jewellery under various schemes of the EXIM .....

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