https://www.taxtmi.com/circulars?id=2011 Authorised Dealers may permit larger advance remittances for import of goods subject to security: amounts above the baseline require an unconditional, irrevocable standby Letter of Credit or a guarantee from a reputable international bank outside India, or an Indian Authorised Dealer's guarantee backed by an overseas counter guarantee; dealers may waive these requirements for non government importers with satisfactory track records under board approved internal guidelines; public sector entities have a specific waiver. Directions issued under Sections of the Foreign Exchange Management Act, 1999. en-us Wed, 17 Sep 2003 00:00:00 +0530 Wed, 18 Feb 2026 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2011 Authorised Dealers may permit larger advance remittances for import of goods subject to security: amounts above the baseline require an unconditional, irrevocable standby Letter of Credit or a guarantee from a reputable international bank outside India, or an Indian Authorised Dealer's guarantee backed by an overseas counter guarantee; dealers may waive these requirements for non government importers with satisfactory track records under board approved internal guidelines; public sector entities have a specific waiver. Directions issued under Sections of the Foreign Exchange Management Act, 1999. Circulars FEMA Wed, 17 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2011