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        FEMA

        Advance Category – I Authorised Dealer Banks

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        Advance remittance permission for rough diamond imports allows unlimited prepayments under prescribed conditions. AD Category I banks may accept unlimited advance remittances without Bank Guarantee or Standby Letter of Credit from eligible importers for import of rough diamonds from specified mining companies, subject to conditions in A.P. (DIR Series) Circular No. 21; related instructions in A.P. Circular No. 59 on import of rough, cut and polished diamonds remain unchanged.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Advance remittance permission for rough diamond imports allows unlimited prepayments under prescribed conditions.

                                AD Category I banks may accept unlimited advance remittances without Bank Guarantee or Standby Letter of Credit from eligible importers for import of rough diamonds from specified mining companies, subject to conditions in A.P. (DIR Series) Circular No. 21; related instructions in A.P. Circular No. 59 on import of rough, cut and polished diamonds remain unchanged.


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