H Cap Exempt and i140 approval


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I recently got denial on my H1B extension after staying 10+ years in USA (4 years on L1 and 6+ years on H1B). My i140 was approved in 2013. Am i eligible for H Cap Exempt? If so, how long does it take for approval after filing by employer? And do i need to return India to file it?

My i94 was expired recently.

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