Import of Equipments by BPO Companies in India for International Call Centre

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....Circular No.106 dated June 19, 2003, in terms of which, it is obligatory on the part of the AD Category - I banks through whom the remittance for imports has been made, to ensure that the importer submits the Exchange Control copy of the Bill of Entry for home consumption as evidence of import. 2. Reserve Bank has been receiving requests from Business Process Outsourcing (BPO) companies in India....

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....talled at their overseas sites. 4. The remittances are subject to the following conditions: (i) The BPO company should have obtained necessary approval from the Ministry of Communications and Information Technology, Government of India and other authorities concerned for setting up of the ICC. (ii) The remittance should be allowed based on the AD Category - I banks' commercial judgment, the bo....