Advance remittance for rough diamonds: approved supplier list expanded, remittances allowed subject to existing reporting and conditions. Advance remittance for import of rough diamonds is permitted without limit and without bank guarantee or standby letter of credit for eligible private importers, subject to the terms, documentation and reporting format specified in A. P. (DIR Series) Circular No.34; the circular expands the list of approved foreign mining suppliers to include specified RIO TINTO and BHP Billiton entities in Belgium while preserving all existing conditions and compliance obligations under FEMA.
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Advance remittance for rough diamonds: approved supplier list expanded, remittances allowed subject to existing reporting and conditions.
Advance remittance for import of rough diamonds is permitted without limit and without bank guarantee or standby letter of credit for eligible private importers, subject to the terms, documentation and reporting format specified in A. P. (DIR Series) Circular No.34; the circular expands the list of approved foreign mining suppliers to include specified RIO TINTO and BHP Billiton entities in Belgium while preserving all existing conditions and compliance obligations under FEMA.
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