Advance Category – I Authorised Dealer Banks

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..... A.P.(DIR Series) Circular No. 21 dated December 29, 2009 in terms of which, AD Category I banks have been permitted to make advance remittance without any limit and without Bank Guarantee or Standby Letter of Credit, by an importer (other than Public Sector Company or Department / Undertaking of the Government of India /State Governments), for import of rough diamonds into India from nine minin .....

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..... . The directions contained in this circular have been issued under Section 10 (4) and Section 11 (1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (C. D. Srinivasan) Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Offi .....

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