https://www.taxtmi.com/article/detailed?id=13442 The master direction requires import payments in foreign currency through authorized dealers with supporting documents; it permits advance payments and letters of credit, mandates repatriation of foreign payments to India within prescribed periods, and requires compliance with customs duties, prohibited/restricted goods lists, and special rules for gold. Services and cross border investment payments follow similar rules, may require RBI approval for high value transactions, and transactions such as ECBs must meet FEMA and RBI conditions. Recent amendments provide targeted relaxations for gold, trade credit, e commerce, and green technology imports. en-us Fri, 31 Jan 2025 10:33:44 +0530 Fri, 31 Jan 2025 10:33:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13442 The master direction requires import payments in foreign currency through authorized dealers with supporting documents; it permits advance payments and letters of credit, mandates repatriation of foreign payments to India within prescribed periods, and requires compliance with customs duties, prohibited/restricted goods lists, and special rules for gold. Services and cross border investment payments follow similar rules, may require RBI approval for high value transactions, and transactions such as ECBs must meet FEMA and RBI conditions. Recent amendments provide targeted relaxations for gold, trade credit, e commerce, and green technology imports. Articles Customs - Import - Export - SEZ Fri, 31 Jan 2025 10:33:44 +0530 https://www.taxtmi.com/article/detailed?id=13442