https://www.taxtmi.com/circulars?id=8639 Suppliers' and Buyers' credit, including the usance period of Letters of Credit for import of rough, cut and polished diamonds, is limited to a short-term period from the date of shipment, effective immediately; AD Category I banks must undertake due diligence and comply with KYC and AML standards and closely examine any large or abnormal increases in business to ensure bona fides, while existing related import instructions remain applicable. en-us Fri, 06 May 2011 00:00:00 +0530 Wed, 18 Feb 2026 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8639 Suppliers' and Buyers' credit, including the usance period of Letters of Credit for import of rough, cut and polished diamonds, is limited to a short-term period from the date of shipment, effective immediately; AD Category I banks must undertake due diligence and comply with KYC and AML standards and closely examine any large or abnormal increases in business to ensure bona fides, while existing related import instructions remain applicable. Circulars FEMA Fri, 06 May 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8639