Waiver of Guaranteed Remittance (GR) form - CBEC's Customs Manual 2023 - Customs

18. Waiver of Guaranteed Remittance (GR) form: 18.1 Generally the processing of Shipping Bills requires the production of a GR form that is used to monitor the foreign exchange remittance in respect of the export goods. However, there are few exceptions when the GR form is not required. These exceptions include export of goods valued not more than US $25,000/- and export of gifts valued upto Rs.5 lakhs. [Refer RBI Notifications No.FEMA.23/2000-RB, dated 3-5-2000 , and No. FEMA.116/2004-RB, dated 25-3-2004 ]