Import of goods and services- Extension of time limits for Settlement of import payment

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.... of time limits for Settlement of import payment Please refer to para 5 of Statement on Developmental and Regulatory Policies issued today. In this connection the attention of Authorised Dealer Category -I banks is invited to para B.5.1 (i) of the 'Master Direction on Import of Goods and Services' dated January 01, 2016 (as amended from time to time), in terms of which remittances aga....