Foreign Exchange Management Act, 1999 - Advance Remittance for import of Services

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Full Text of the Document

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.... for import of Services Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P.(DIR Series) Circular No. 15 dated September 8, 2008, in terms of which the limit for advance remittance for all admissible current account transactions for import of services without bank guarantee was raised from USD 100,000 to USD 500,000 or its equivalent. 2. It is clarified that the inc....