Foreign Exchange Management Act, 1999 – Advance Remittances for Imports

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Full Text of the Document

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....hange Management Act, 1999 - Advance Remittances for Imports Attention of authorised dealers is invited to para A.11 of the Annexure to A.P.(DIR Series) Circular No.9 dated August 24, 2000, in terms of which authorised dealers have been permitted to make advance remittances for import of goods. Sub-para (c) of the said paragraph requires a bank guarantee if the amount of advance remittance exceed....