https://www.taxtmi.com/circulars?id=54072 Authorised Dealer Category I banks may permit advance remittance for import of aircrafts, helicopters and related aviation purchases without bank guarantee or an irrevocable standby letter of credit, where the importer has obtained DGCA approval under the extant Foreign Trade Policy for operating scheduled or non-scheduled air transport services; Ministry of Civil Aviation approval is not required. All other conditions of the earlier circular remain unchanged and banks must inform their constituents; directions are issued under FEMA and do not override other statutory permissions. en-us Thu, 26 Nov 2015 00:00:00 +0530 Wed, 18 Feb 2026 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54072 Authorised Dealer Category I banks may permit advance remittance for import of aircrafts, helicopters and related aviation purchases without bank guarantee or an irrevocable standby letter of credit, where the importer has obtained DGCA approval under the extant Foreign Trade Policy for operating scheduled or non-scheduled air transport services; Ministry of Civil Aviation approval is not required. All other conditions of the earlier circular remain unchanged and banks must inform their constituents; directions are issued under FEMA and do not override other statutory permissions. Circulars FEMA Thu, 26 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54072