Direct Receipt of Import Bills / Documents - Liberalisation

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....anks Madam / Sirs, Direct Receipt of Import Bills / Documents - Liberalisation Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to item i.a. of A.P. (DIR Series) Circular No.66 dated February 6, 2004 in terms of which AD Category - I banks are permitted to make remittances for imports, where the import bills / documents have been received directly by the....

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....a sector specific measure, to enhance the limit for direct  receipt  of  import bills / documents  from USD 100,000 to USD 300,000 in the case of import of rough diamonds.  Accordingly, AD Category - I  banks  are  permitted  to  allow  remittance  for  imports  up  to   USD 300,000 where the importer of rough dia....