https://www.taxtmi.com/circulars?id=2185 Authorised Dealer Category I banks are permitted to issue bank guarantees for import of services provided the guarantee does not exceed the prescribed amount, the bank is satisfied as to the bonafides, documentary evidence of import of services is obtained, and the guarantee secures a direct contractual liability between a resident and a non resident; invocation requires the bank to report circumstances to the Chief General Manager in Charge, Foreign Exchange Department, Reserve Bank of India. en-us Fri, 17 Nov 2006 00:00:00 +0530 Tue, 13 Jan 2026 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2185 Authorised Dealer Category I banks are permitted to issue bank guarantees for import of services provided the guarantee does not exceed the prescribed amount, the bank is satisfied as to the bonafides, documentary evidence of import of services is obtained, and the guarantee secures a direct contractual liability between a resident and a non resident; invocation requires the bank to report circumstances to the Chief General Manager in Charge, Foreign Exchange Department, Reserve Bank of India. Circulars FEMA Fri, 17 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2185