https://www.taxtmi.com/circulars?id=54483 Mandated collateral for Exchange Houses under the Rupee Drawing Arrangement is withdrawn and AD Category I banks may determine collateral, if any, on a risk based basis considering factors such as pre funding, the Exchange House's track record, and whether remittances are gross or net; Master Direction No.2 will be updated and other instructions remain in force, pursuant to powers under the Foreign Exchange Management Act, 1999. en-us Thu, 28 Apr 2016 00:00:00 +0530 Thu, 28 Apr 2016 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54483 Mandated collateral for Exchange Houses under the Rupee Drawing Arrangement is withdrawn and AD Category I banks may determine collateral, if any, on a risk based basis considering factors such as pre funding, the Exchange House's track record, and whether remittances are gross or net; Master Direction No.2 will be updated and other instructions remain in force, pursuant to powers under the Foreign Exchange Management Act, 1999. Circulars FEMA Thu, 28 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54483