https://www.taxtmi.com/circulars?id=7706 Authorised Dealer Category I banks may issue guarantees up to USD 500,000 for resident service importers in favour of non resident service providers, provided the bank is satisfied about the bonafides, documentary evidence of import of services is ensured, and the guarantee secures a direct contractual liability; Public Sector Companies and Government Departments/Undertakings require government approval for guarantees exceeding USD 100,000. en-us Mon, 05 Oct 2009 00:00:00 +0530 Tue, 13 Jan 2026 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7706 Authorised Dealer Category I banks may issue guarantees up to USD 500,000 for resident service importers in favour of non resident service providers, provided the bank is satisfied about the bonafides, documentary evidence of import of services is ensured, and the guarantee secures a direct contractual liability; Public Sector Companies and Government Departments/Undertakings require government approval for guarantees exceeding USD 100,000. Circulars FEMA Mon, 05 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7706