Issue of Bank Guarantee on behalf of service importers

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....rised Dealer Banks Madam/Sir, Issue of Bank Guarantee on behalf of service importers Attention of Authorised Dealer Category-I (AD Category-I) 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 and as amended from time to time, in terms of which, AD Category-I banks are allowed ....

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....ge Department, Foreign Investments Division (EPD), Reserve Bank of India, Central Office, Mumbai-400001 a report on 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. AD - Category I banks may bring the contents of this circular to the notice of their constituen....