https://www.taxtmi.com/circulars?id=2106 Authorised dealer banks are permitted to issue bank guarantees in favour of foreign airlines or IATA on behalf of IATA approved travel agents without prior Reserve Bank approval; if a guarantee is invoked the AD bank must send a detailed report to the Chief General Manager, Foreign Exchange Department, Reserve Bank of India, explaining the circumstances leading to invocation, and amendments to the Foreign Exchange Management (Guarantees) Regulations, 2000 will be issued to reflect this delegation. en-us Sat, 16 Oct 2004 00:00:00 +0530 Tue, 13 Jan 2026 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2106 Authorised dealer banks are permitted to issue bank guarantees in favour of foreign airlines or IATA on behalf of IATA approved travel agents without prior Reserve Bank approval; if a guarantee is invoked the AD bank must send a detailed report to the Chief General Manager, Foreign Exchange Department, Reserve Bank of India, explaining the circumstances leading to invocation, and amendments to the Foreign Exchange Management (Guarantees) Regulations, 2000 will be issued to reflect this delegation. Circulars FEMA Sat, 16 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2106