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Issue of Bank Guarantee on behalf of service importers

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Full Text of the Document

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....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 to give guarantees for specified purposes as stated therein. 2. With a view to further liberalise the procedure for import of services, AD Category-I ....

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