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GR Exemption means not required to file GR forms for all those category of exports specified in Regulation 4 of Foreign Exchange Management (Export of Goods and Services) Regulations 2000

GR Waiver means for those specific goods being exported for promotional purposes supplied free of cost where AD Banks can issue No Remittance involved certificate for certain amount of value. Otherwise apart from the GR exemption list in all other cases it requires RBI's waiver of GR procedure

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Q: What is the difference between GR waiver and GR exemption?
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