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Issue of Bank Guarantee in Favour of Foreign Airlines/IATA

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Full Text of the Document

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....ue 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 therein. 2. Presently, Indian agents of foreign airline ....

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