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of <h1>Master Circular Streamlines Import Rules under FEMA 1999; Effective Until July 1, 2011, with Annual Updates Planned.</h1> The Master Circular on Import of Goods and Services, dated July 1, 2010, consolidates existing instructions regarding the import of goods and services into India under the Foreign Exchange Management Act 1999 and related rules. It compiles various circulars on this subject into a single document. This circular is valid for one year and will be withdrawn on July 1, 2011, to be replaced by an updated version. The document aims to streamline and clarify the regulatory framework for imports under the specified legal provisions.
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