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>Indian Exporters Can Now Offer Guarantees for International Bids Without Prior Approval, Capped at 5% of Contract Value</h1> The Reserve Bank of India issued an amendment to the Foreign Exchange Management (Guarantees) Regulations, 2000, under the Foreign Exchange Management Act, 1999. This amendment, effective upon publication in the Official Gazette, modifies Regulation 5 by allowing Indian resident exporter companies to provide guarantees in place of Bid Bond Guarantees for international contract bidding. Such guarantees can be issued without prior approval from the Approving Authority, provided they do not exceed 5% of the contract value.
TaxTMI 
TaxTMI 
