Foreign Exchange Management Act,1999 - Import of precious and semi precious stones- Clarification

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Full Text of the Document

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....r Category - I (AD Category - I) banks is invited to the provisions contained in A.P.(DIR Series) Circular No.34 dated September 24, 2012, in terms of which AD Category - I banks have been permitted to approve Suppliers' and Buyers' Credit (trade credit) including the usance period of Letters of Credit opened for import of gold in any form including jewellery made of gold/ precious metal or and st....