Direct Receipt of Import Bills / Documents for Import of Rough Precious & Semi-Precious Stones - Liberalisation

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....I banks Madam / Sirs, Direct Receipt of Import Bills / Documents for Import of Rough Precious & Semi-Precious Stones - Liberalisation Attention of Authorised Dealer Category -I (AD Category - I) banks is invited to 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 / documen....

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.... transaction costs to the non-status holder exporters, the existing restrictions may be relaxed and the enhanced facility may also be extended for import of rough precious and semi-precious stones. . 3. It has, therefore, been decided, as 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 rou....

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....financial standing / status and track record of the importer customer. Before extending the facility, they should also obtain a report on each individual overseas supplier from the overseas banker or reputed credit agency overseas. 4. The other conditions stipulated in A.P.(DIR Series) Circular No.66 dated February 06, 2004 and A.P.(DIR Series)Circular No.18 dated November 7, 2007 shall remain ....