Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Furnishing of guarantees for Transfer of Residence beneficiaries: permit standing plainpaper employer guarantees for short visits abroad, subject to monitoring.</h1> Foreign nationals who have claimed Transfer of Residence concessions and seek short visits abroad within their first year may be allowed to depart against a plainpaper guarantee from their employing firm rather than a bank guarantee; a standing guarantee from a reputable, RBIpermitted employer can be accepted in lieu of repeated firm guarantees. Customs officials are directed to monitor this procedural relaxation and submit sixmonthly reports; any failure by an employer to honour a guarantee when invoked must be reported promptly by the Collector. The relief is confined to employees of established firms functioning with appropriate RBI permissions.
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