Issue of Bank Guarantee in Favour of Foreign Airlines/IATA

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ised to Deal in Foreign Exchange Madam / Sirs, Issue of Bank Guarantee in Favour of Foreign Airlines/IATA Attention of Authorised Dealer (AD) banks is invited to Regulation 4 of the Foreign Exchange Management (Guarantees) Regulations, 2000 notified vide Notification No. FEMA.8/2000-RB dated May 3, 2000, in terms of which, AD banks are allowed to give guarantees in certain cases as stated....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t, External Payments Division, Reserve Bank of India, Central Office, Mumbai - 400 001, explaining the circumstances leading to the invocation of the guarantee. 4. Necessary amendments to the Foreign Exchange Management (Guarantees) Regulations, 2000 are being issued separately. 5. Authorised Dealer Banks may bring the contents of this circular to the notice of their constituents and custome....