https://www.taxtmi.com/circulars?id=11142 Consolidated Reserve Bank instructions require AD Category I banks to ensure imports conform with the Foreign Trade Policy and FEMA, follow UCPDC and KYC/AML norms, obtain prescribed documentary evidence such as Exchange Control copies of Bills of Entry or auditor certificates for imports, and apply commercial judgment and due diligence when permitting advance remittances or special sectoral exceptions, with specified time limits, guarantee requirements, reporting obligations and document preservation duties. en-us Fri, 01 Jul 2011 00:00:00 +0530 Fri, 01 Jul 2011 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11142 Consolidated Reserve Bank instructions require AD Category I banks to ensure imports conform with the Foreign Trade Policy and FEMA, follow UCPDC and KYC/AML norms, obtain prescribed documentary evidence such as Exchange Control copies of Bills of Entry or auditor certificates for imports, and apply commercial judgment and due diligence when permitting advance remittances or special sectoral exceptions, with specified time limits, guarantee requirements, reporting obligations and document preservation duties. Circulars FEMA Fri, 01 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11142