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of <h1>Import document receipt and remittance thresholds raised to USD 100,000, permitting direct receipt for specified importers and cases</h1> Prescribes liberalisation of the rule requiring import bills/documents to be received through the overseas supplier's banker by the importer's authorised dealer by raising the monetary thresholds: bills previously eligible at USD 10,000 and USD 25,000 are increased uniformly to USD 100,000, thereby permitting direct receipt and corresponding remittances up to USD 100,000 for those specified categories. The specified categories (wholly-owned Indian subsidiaries of foreign companies; recognised trading houses, EOUs/FTZ units, PSUs and limited companies; imports of books/magazines, life-saving drugs/equipment and certain research institutions) continue to be eligible for direct receipt with effect that authorised dealers may make payments directly. In all other cases authorised dealers may accept direct bills up to USD 100,000 subject to satisfactory due diligence on the importer and obtaining supplier reports from the overseas banker or reputed credit agency, enabling remittance where conditions are met.
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