Waiver of Guaranteed Remittance form allows certain low-value exports and gifts to proceed without GR form under specified exceptions. Processing of shipping bills ordinarily requires production of a Guaranteed Remittance (GR) form to monitor foreign exchange remittance for export goods, but limited exceptions allow certain low value exports and exports of gifts within prescribed thresholds to proceed without the GR form.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Waiver of Guaranteed Remittance form allows certain low-value exports and gifts to proceed without GR form under specified exceptions.
Processing of shipping bills ordinarily requires production of a Guaranteed Remittance (GR) form to monitor foreign exchange remittance for export goods, but limited exceptions allow certain low value exports and exports of gifts within prescribed thresholds to proceed without the GR form.
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