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Discontinuation of Reporting of Bank Guarantee on behalf of service importers

FEMA - 1 - Dated:- 1-7-2016 - RBI/2016-17/8 A.P. (DIR Series) Circular No. 1 July 07, 2016 To All Category - I Authorised Dealer Banks Madam/Sir, Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to para no. 5 of the Master Direction No.8 dated January 01, 2016 on Other Remittance Facilities in terms of which, AD Category-I banks were permitted to issue guarantees in favour of a non-resident service provider on behalf of their resident customers importing services, subje .....

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