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        Case ID :
        FEMA

        Import of Shipping Vessel - Relaxation

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        Advance remittance for import of shipping vessels allowed without bank guarantee, subject to MD Imports conditions and compliance. Importers of shipping vessels may make advance remittance without a bank guarantee or an unconditional, irrevocable standby Letter of Credit, subject to the conditions set out in para C.1.3.3 of the Master Direction - Import of Goods and Services (MD Imports), and within the monetary ceiling specified in the circular.
                      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 for import of shipping vessels allowed without bank guarantee, subject to MD Imports conditions and compliance.

                            Importers of shipping vessels may make advance remittance without a bank guarantee or an unconditional, irrevocable standby Letter of Credit, subject to the conditions set out in para C.1.3.3 of the Master Direction - Import of Goods and Services (MD Imports), and within the monetary ceiling specified in the circular.


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