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Advance Remittance for Import of Goods – Liberalisation
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....t Act, 1999- Advance Remittance for Import of Goods - Liberalisation Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to A. P. (DIR Series) Circular No.106 dated June 19, 2003, A. P. (DIR Series) Circular No.15 dated September 17, 2003 and A.P. (DIR Series) Circular No.09 dated August 21, 2008 in terms of which AD Category - I banks are required to obtain an uncon....
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....0,000 or its equivalent). 3. All the other instructions including the facility to waive the requirement of the standby LC/ bank guarantee for advance remittance up to USD 5,000,000 or its equivalent, where the AD Category - I bank is satisfied about the track record and bonafides of the importer based on their internal Board approved policy, contained in A.P. (DIR Series) Circular No. 09 dated ....