https://www.taxtmi.com/circulars?id=1902 Authorised Dealers may open term deposits of up to six months for branches, project or liaison offices in India of persons resident outside India where the deposits arise from temporary surplus funds, provided the Authorised Dealer is satisfied as to the temporary nature and the branch/office gives an undertaking that maturity proceeds will be utilised for business in India within three months; facility excludes shipping and airline companies. en-us Sat, 06 Jul 2002 00:00:00 +0530 Fri, 03 Oct 2008 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1902 Authorised Dealers may open term deposits of up to six months for branches, project or liaison offices in India of persons resident outside India where the deposits arise from temporary surplus funds, provided the Authorised Dealer is satisfied as to the temporary nature and the branch/office gives an undertaking that maturity proceeds will be utilised for business in India within three months; facility excludes shipping and airline companies. Circulars FEMA Sat, 06 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1902