https://www.taxtmi.com/circulars?id=2101 Prior approval for c.i.f. payments by Government Departments and Public Sector Undertakings is required from the Chartering Wing of the Ministry of Shipping only for imports effected through ocean transport; no such approval is needed where the mode of transport is other than ocean. This amendment stems from a change to Schedule II of the Foreign Exchange Management (Current Account Transactions) Rules, 2000 and is issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999. Authorised Dealer Banks are to notify their customers accordingly. en-us Sat, 25 Sep 2004 00:00:00 +0530 Sat, 04 Oct 2008 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2101 Prior approval for c.i.f. payments by Government Departments and Public Sector Undertakings is required from the Chartering Wing of the Ministry of Shipping only for imports effected through ocean transport; no such approval is needed where the mode of transport is other than ocean. This amendment stems from a change to Schedule II of the Foreign Exchange Management (Current Account Transactions) Rules, 2000 and is issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999. Authorised Dealer Banks are to notify their customers accordingly. Circulars FEMA Sat, 25 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2101