https://www.taxtmi.com/circulars?id=67834 Non resident guarantees, including SBLCs and performance guarantees in favour of residents in India, are not permitted under FEMA; Category I Authorised Dealer banks must apply due diligence when advising or transmitting such guarantee contracts to resident constituents to ensure compliance with FEMA restrictions and to bring these requirements to the constituents' attention. en-us Fri, 04 Oct 2024 00:00:00 +0530 Sat, 05 Oct 2024 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67834 Non resident guarantees, including SBLCs and performance guarantees in favour of residents in India, are not permitted under FEMA; Category I Authorised Dealer banks must apply due diligence when advising or transmitting such guarantee contracts to resident constituents to ensure compliance with FEMA restrictions and to bring these requirements to the constituents' attention. Circulars FEMA Fri, 04 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67834