Import of goods and services- Extension of time limits for Settlement of import payment

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..... to para 5 of Statement on Developmental and Regulatory Policies issued today. In this connection the attention of Authorised Dealer Category -I banks is invited to para B.5.1 (i) of the Master Direction on Import of Goods and Services dated January 01, 2016 (as amended from time to time), in terms of which remittances against normal imports (i.e. excluding import of gold/diamonds and preciou .....

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