Foreign Exchange Management Act, 1999 – Advance Remittances for Imports

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..... hange Madam/Sirs, Foreign Exchange Management Act, 1999 - Advance Remittances for Imports Attention of authorised dealers is invited to para A.11 of the Annexure to A.P.(DIR Series) Circular No.9 dated August 24, 2000, in terms of which authorised dealers have been permitted to make advance remittances for import of goods. Sub-para (c) of the said paragraph requires a bank guarantee if the a .....

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..... s circular to the notice of their constituents concerned. 5. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999). Yours faithfully, Grace Koshie Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxm .....

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