https://www.taxtmi.com/circulars?id=5860 AD Category I banks may convey a no objection from the foreign exchange angle for Indian importers to issue corporate guarantees in favour of overseas lessees for operating leases of aircraft, aircraft engines and helicopters, provided there is a board resolution authorising the guarantee (naming authorised signatories) and the guarantee period is co terminous with the lease; the no objection is limited to foreign exchange compliance and does not substitute for other statutory approvals. en-us Mon, 20 Apr 2009 00:00:00 +0530 Tue, 13 Jan 2026 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5860 AD Category I banks may convey a no objection from the foreign exchange angle for Indian importers to issue corporate guarantees in favour of overseas lessees for operating leases of aircraft, aircraft engines and helicopters, provided there is a board resolution authorising the guarantee (naming authorised signatories) and the guarantee period is co terminous with the lease; the no objection is limited to foreign exchange compliance and does not substitute for other statutory approvals. Circulars FEMA Mon, 20 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5860