https://www.taxtmi.com/circulars?id=52889 Permission is granted for Clean Credit financing for import of rough, cut and polished diamonds, allowing foreign suppliers to extend credit to Indian buyers without Letters of Credit, Letters of Undertaking or Indian bank fixed deposits for a period not exceeding 180 days from the date of shipment; AD Category - I banks must conduct due diligence and comply with Reserve Bank KYC and AML standards and scrutinise large or abnormal transaction increases. en-us Mon, 07 Jul 2014 00:00:00 +0530 Wed, 18 Feb 2026 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52889 Permission is granted for Clean Credit financing for import of rough, cut and polished diamonds, allowing foreign suppliers to extend credit to Indian buyers without Letters of Credit, Letters of Undertaking or Indian bank fixed deposits for a period not exceeding 180 days from the date of shipment; AD Category - I banks must conduct due diligence and comply with Reserve Bank KYC and AML standards and scrutinise large or abnormal transaction increases. Circulars FEMA Mon, 07 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52889