https://www.taxtmi.com/circulars?id=53714 FDI is prohibited only in the manufacturing of specified tobacco and tobacco-substitute products under Annex A of Schedule I to the FEMA Regulations; the prohibition does not extend to other activities such as wholesale cash-and-carry or retail trading, which are governed by sectoral FDI policy and Schedule I of the FEMA Regulations. AD Category-I banks should inform their constituents; directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act and are without prejudice to other required permissions. en-us Fri, 03 Jul 2015 00:00:00 +0530 Fri, 03 Jul 2015 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53714 FDI is prohibited only in the manufacturing of specified tobacco and tobacco-substitute products under Annex A of Schedule I to the FEMA Regulations; the prohibition does not extend to other activities such as wholesale cash-and-carry or retail trading, which are governed by sectoral FDI policy and Schedule I of the FEMA Regulations. AD Category-I banks should inform their constituents; directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act and are without prejudice to other required permissions. Circulars FEMA Fri, 03 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53714