Foreign Exchange Management Act, 1999 – Import of Goods into India

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..... ) banks is invited to the A.P.(DIR Series) Circular No. 82 dated February 21, 2012 in terms of which applications by persons, firms and companies for making payments, exceeding USD 5,000 or its equivalent towards imports into India must be made in Form A-1. 2. To further liberalise and simplify the procedure, it has been decided to dispense with the requirement of submitting request in Form A .....

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