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

FEMA - 30 - Dated:- 26-11-2015 - RBI/2015-16/249 A.P. (DIR Series) Circular No.30 November 26, 2015 To, All Authorised Dealer Category - I Banks Madam/ Sir Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to clause 3(f) .....

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ort of aircrafts/ helicopters/ other aviation related purchases by scheduled air transport operators permitted by the Director General of Civil Aviation (DGCA), after ensuring that the requisite approval of the Ministry of Civil Aviation (MoCA)/ DGCA .....

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Chapter 88 of ITC (HS), 2012-Schedule - 1 (Import Policy). Accordingly, AD Category - I banks may, while allowing advance remittance without bank guarantee or an unconditional, irrevocable standby letter of credit up to USD 50 million, ensure that o .....

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