Furnishing of guarantees by persons who have availed of T.R. benefit and seek to make short visits abroad within a period of one year of stay in India - Reference from employees of foreign firms investing in India or operating an office in India

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..... ek to make short visits abroad within a period of one year of stay in India - Reference from employees of foreign firms investing in India or operating an office in India F.No. 497/35/88-Cus. VI Dated 19-9-1988 Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Furnishing of guarantees by persons who have availed of T.R. benefit and seek .....

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..... here although there could be cases where they are employed with Indian firms as foreign technicians posted in India under Technical Collaboration Agreements. The representation has been examined in the Ministry. It is felt that a broad view could safely be taken in case of such foreigners as are employed with reputed and established firms functioning with RBI permits. When such persons desire t .....

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..... The Customs House may keep a watch on the way this procedural relaxation works and send the Board a report of six monthly intervals. Any instance in which a guarantee given by an established firm in favour of a foreign employee has not been promptly honoured when invoked should be brought to the notice of the Board by the Collector without delay. - Circular - Trade Notice - Public Notice - Ins .....

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