Admissibility of inquiry statements and electronic printouts in customs adjudication requires witness examination and cross-examination before relianc...
Money laundering property attachment and third-party encumbrance rights clarified; prior bona fide interests enforceable before confiscation, appeals ...
The instrument establishes new Foreign Exchange Management (Guarantees) Regulations, 2026, directing AD Category I banks to apply those regulations when facilitating guarantees involving any person resident outside India, thereby making those regulations the operative compliance standard for such guarantees. It prescribes comprehensive reporting of all guarantees (issued, modified or invoked) to authorised dealer banks in a prescribed GRN form, thereby imposing a mandatory reporting obligation and requiring banks to submit compiled returns in a future-specified manner. It expressly supersedes the listed A.P. (DIR Series) circulars-except for past actions-thereby withdrawing prior circular guidance; discontinues quarterly reporting on Trade Credit guarantees from quarter ending March 2026, thereby ending that specific reporting obligation; and amends guarantee provisions in multiple Master Directions, thereby altering existing regulatory provisions governing guarantees. (RBI)
The instrument establishes new Foreign Exchange Management (Guarantees) Regulations, 2026, directing AD Category I banks to apply those regulations when facilitating guarantees involving any person resident outside India, thereby making those regulations the operative compliance standard for such guarantees. It prescribes comprehensive reporting of all guarantees (issued, modified or invoked) to authorised dealer banks in a prescribed GRN form, thereby imposing a mandatory reporting obligation and requiring banks to submit compiled returns in a future-specified manner. It expressly supersedes the listed A.P. (DIR Series) circulars-except for past actions-thereby withdrawing prior circular guidance; discontinues quarterly reporting on Trade Credit guarantees from quarter ending March 2026, thereby ending that specific reporting obligation; and amends guarantee provisions in multiple Master Directions, thereby altering existing regulatory provisions governing guarantees. (RBI)
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
