TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Amends Foreign Exchange Regulations: Retrospective Guarantees for Non-Resident Providers, Caps Set for Service Importers.</h1> The Reserve Bank of India issued the Foreign Exchange Management (Guarantees) (Amendment) Regulations, 2013, amending the 2000 regulations under the Foreign Exchange Management Act, 1999. Effective retrospectively from October 5, 2009, the amendment allows guarantees for non-resident service providers on behalf of resident service importers, with a cap of USD 500,000 unless the importer is a public sector company or government entity, in which case the cap is USD 100,000 without Ministry of Finance approval. The amendment ensures no adverse effects due to its retrospective application.
TaxTMI 
