https://www.taxtmi.com/circulars?id=5221 Advance remittances for import of services may be made without a bank guarantee up to a raised threshold, with AD Category I banks authorised to adopt Board approved guidelines for such cases; amounts exceeding that threshold require a guarantee from an internationally reputed overseas bank or an AD Category I bank in India backed by an overseas counter guarantee. AD Category I banks must ensure beneficiaries perform contractual obligations and repatriate funds if obligations are not met. en-us Mon, 08 Sep 2008 00:00:00 +0530 Wed, 18 Feb 2026 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5221 Advance remittances for import of services may be made without a bank guarantee up to a raised threshold, with AD Category I banks authorised to adopt Board approved guidelines for such cases; amounts exceeding that threshold require a guarantee from an internationally reputed overseas bank or an AD Category I bank in India backed by an overseas counter guarantee. AD Category I banks must ensure beneficiaries perform contractual obligations and repatriate funds if obligations are not met. Circulars FEMA Mon, 08 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5221