https://www.taxtmi.com/circulars?id=1818 Directions require authorised dealers to follow DGFT import policy and RBI directions when selling foreign exchange or transferring rupees for imports, observe normal banking procedures for letters of credit, obtain prescribed undertakings or tax clearance for payments relating to services and drawings and designs, verify import licences and Form A1 applications, and ensure documentary evidence of import for transactions above prescribed thresholds. Rules govern advance remittances, endorsement and retention of exchange control copies, time limits on settlement and interest treatment, and reporting and preservation of import documentation. en-us Thu, 24 Aug 2000 00:00:00 +0530 Wed, 18 Feb 2026 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1818 Directions require authorised dealers to follow DGFT import policy and RBI directions when selling foreign exchange or transferring rupees for imports, observe normal banking procedures for letters of credit, obtain prescribed undertakings or tax clearance for payments relating to services and drawings and designs, verify import licences and Form A1 applications, and ensure documentary evidence of import for transactions above prescribed thresholds. Rules govern advance remittances, endorsement and retention of exchange control copies, time limits on settlement and interest treatment, and reporting and preservation of import documentation. Circulars FEMA Thu, 24 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1818