Issue of Bank Guarantee on behalf of service importers

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..... egory-I (AD Category-I) banks is invited to Regulation 4 of the Foreign Exchange Management (Guarantees) Regulations, 2000 notified vide Notification No. FEMA 8/2000-RB dated May 3, 2000 and as amended from time to time, in terms of which, AD Category-I banks are allowed to give guarantees for specified purposes as stated therein. 2. With a view to further liberalise the procedure for import of .....

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..... he invocation of the guarantee. 4. Necessary amendments to the Foreign Exchange Management (Guarantees) Regulations,2000 are being issued separately. 5. AD - Category I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 6. The directions contained in this Circular have been issued under Section 10 (4) and 11 (1) of the Foreign Exchang .....

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