https://www.taxtmi.com/circulars?id=4266 Persons resident in India may incur foreign exchange liabilities and make or receive payments in foreign exchange for global bids for projects executed in India under International Competitive Bidding without prior Administrative Ministry or Central Government approval, and Authorized Dealer Category I banks may sell foreign exchange to resident companies awarded such contracts, subject to other applicable laws. en-us Mon, 28 Apr 2008 00:00:00 +0530 Wed, 01 Oct 2008 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4266 Persons resident in India may incur foreign exchange liabilities and make or receive payments in foreign exchange for global bids for projects executed in India under International Competitive Bidding without prior Administrative Ministry or Central Government approval, and Authorized Dealer Category I banks may sell foreign exchange to resident companies awarded such contracts, subject to other applicable laws. Circulars FEMA Mon, 28 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4266