Advance Remittance for Import of aircrafts /helicopters / other aviation related purchases

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....m/ Sir Advance Remittance for Import of aircrafts /helicopters / other aviation related purchases Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to clause 3(f) of A. P. (DIR Series) Circular No.77 dated June 29, 2007, in terms of which AD Category I banks could allow advance remittance, without bank guarantee or an unconditional, irrevocable standby letter of....

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....only the requisite approval of DGCA for import of aircrafts/helicopters in terms of the extant Foreign Trade Policy has been obtained by the company for operating Scheduled or Non-Scheduled Air Transport Services (including Air Taxi Services). In other words, the approval from MoCA will not be required. 3. All other terms & conditions mentioned in the A. P. (DIR Series) Circular No.77 dated Jun....