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Jul 02, 2003
Exim Bank's Line of Credit of US $ 5 Million
to Hatton National Bank Ltd. (HNB), Sri Lanka
A.P.(DIR Series) Circular No.1 (July 2, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.1July 2, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Exim Bank's Line of Credit of US $ 5 Millionto Hatton National Bank Ltd. (HNB), Sri Lanka Export-Import Bank of India (Exim Bank) has concluded an agreement with Hatton National Bank Ltd. (HNB), Sri Lanka on February 12, 2003, making available to the latter, a line of credit (LOC) upto an aggrega
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.1July 2, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Exim Bank's Line of Credit of US $ 5 Millionto Hatton National Bank Ltd. (HNB), Sri Lanka Export-Import Bank of India (Exim Bank) has concluded an agreement with Hatton National Bank Ltd. (HNB), Sri Lanka on February 12, 2003, making available to the latter, a line of credit (LOC) upto an aggrega
Jul 02, 2003
Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Amendment) Regulations, 2003
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai Notification No. FEMA 95/2003-RB Dated July 2, 2003 Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Amendment) Regulations, 2003In exercise of the powers conferred by sub-section (6) of Section 6 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No. FEMA 22/2000-RB dated 3rd May 2000, the Res
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai Notification No. FEMA 95/2003-RB Dated July 2, 2003 Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Amendment) Regulations, 2003In exercise of the powers conferred by sub-section (6) of Section 6 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No. FEMA 22/2000-RB dated 3rd May 2000, the Res
Jul 02, 2003
Foreign Exchange Management (Remittance of Assets)
(Amendment) Regulations, 2003
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbaiNotification No.FEMA.96/2003-RBDated July 2, 2003Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2003In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.13/2000-RB dated 3rd May 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbaiNotification No.FEMA.96/2003-RBDated July 2, 2003Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2003In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.13/2000-RB dated 3rd May 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange
Jun 21, 2003
Foreign currency- Rupee Options
A.P.(DIR Series) Circular No.108 (June 21, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P.(DIR Series) Circular No.108June 21, 2003ToAll Authorised Dealers in Foreign Exchange Madam / Sirs,Foreign currency- Rupee OptionsAs a part of developing the derivative market in India and adding to the spectrum of hedge products available to residents and non-residents for hedging currency exposures, it has been decided to permit foreign currency – rupee options with effect from July 7, 2
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P.(DIR Series) Circular No.108June 21, 2003ToAll Authorised Dealers in Foreign Exchange Madam / Sirs,Foreign currency- Rupee OptionsAs a part of developing the derivative market in India and adding to the spectrum of hedge products available to residents and non-residents for hedging currency exposures, it has been decided to permit foreign currency – rupee options with effect from July 7, 2
Jun 19, 2003
Foreign Exchange Management Act - 1999 Import of Goods into India
A.P.(DIR Series) Circular No.106 (June 19, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 A.P.(DIR Series) Circular No.106June 19, 2003ToAll Authorised Dealers in Foreign Exchange.Madam/Sir,Foreign Exchange Management Act - 1999 Import of Goods into IndiaAttention of authorised dealers is invited to the Annexure to A.P.(DIR Series) Circular No. 9 dated August 24, 2000 containing directions to be followed by authorised dealers while dealing with applications relating to import
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 A.P.(DIR Series) Circular No.106June 19, 2003ToAll Authorised Dealers in Foreign Exchange.Madam/Sir,Foreign Exchange Management Act - 1999 Import of Goods into IndiaAttention of authorised dealers is invited to the Annexure to A.P.(DIR Series) Circular No. 9 dated August 24, 2000 containing directions to be followed by authorised dealers while dealing with applications relating to import
Jun 18, 2003
Foreign Exchange Management (Transfer or Issue of Security by a
Person Resident outside India) ( Second Amendment) Regulations, 2003
Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001Notification No.FEMA. 94 /2003-RBdated 18th June 2003Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) ( Second Amendment) Regulations, 2003 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.F
Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001Notification No.FEMA. 94 /2003-RBdated 18th June 2003Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) ( Second Amendment) Regulations, 2003 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.F
Jun 16, 2003
Supply of goods by Special Economic Zones (SEZs) to Units in
DomesticTariff Area (DTA) against payment in foreign exchange
A.P.(DIR Series) Circular No.105 (June 16, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.105June 16, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Supply of goods by Special Economic Zones (SEZs) to Units in DomesticTariff Area (DTA) against payment in foreign exchangeAttention of authorised dealers is invited to paragraph 8 of Annexure to A.P.(DIR Series) Circular No.54 dated November 25, 2002, in terms of which Units in Domestic Tarif
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.105June 16, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Supply of goods by Special Economic Zones (SEZs) to Units in DomesticTariff Area (DTA) against payment in foreign exchangeAttention of authorised dealers is invited to paragraph 8 of Annexure to A.P.(DIR Series) Circular No.54 dated November 25, 2002, in terms of which Units in Domestic Tarif
Jun 09, 2003
Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2003
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 Notification No.FEMA. 93 /2003-RB dated June 9, 2003 Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2003 In exercise of the powers conferred by clause (i) of sub-section (3) of Section 6, sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.F
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 Notification No.FEMA. 93 /2003-RB dated June 9, 2003 Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2003 In exercise of the powers conferred by clause (i) of sub-section (3) of Section 6, sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.F
Jun 07, 2003
Foreign Exchange Management(Foreign Currency Account by a Person Resident in India) (Fourth Amendment)Regulations, 2003
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 @@NBSP@@ Notification No.FEMA 92/2003-RB dated June 7,2003 @@NBSP@@ Foreign Exchange Management(Foreign Currency Account by a Person Resident in India) (Fourth Amendment)Regulations, 2003 In exercise of powers conferred by clause(b) of Section 9 and clause(e) of sub-section 2 of Section 47 of the Foreign Exchange Management Act,1999(42 of 1999) and in partial modification of its Notificati
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 @@NBSP@@ Notification No.FEMA 92/2003-RB dated June 7,2003 @@NBSP@@ Foreign Exchange Management(Foreign Currency Account by a Person Resident in India) (Fourth Amendment)Regulations, 2003 In exercise of powers conferred by clause(b) of Section 9 and clause(e) of sub-section 2 of Section 47 of the Foreign Exchange Management Act,1999(42 of 1999) and in partial modification of its Notificati
Jun 05, 2003
Foreign Exchange Management (Insurance)(Amendment) Regulations, 2003
Reserve Bank of India Exchange Control Department Central Office MumbaiNotification No.FEMA. 91/2003-RB dated June 5, 2003 Foreign Exchange Management (Insurance) (Amendment) Regulations, 2003 In exercise of the powers conferred by sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999, (42 of 1999), and in partial modification of its Notification No.FEMA.12/2000-RB, dated May 3, 2000, as amended from time to time, the Reserve Bank of India makes t
Reserve Bank of India Exchange Control Department Central Office MumbaiNotification No.FEMA. 91/2003-RB dated June 5, 2003 Foreign Exchange Management (Insurance) (Amendment) Regulations, 2003 In exercise of the powers conferred by sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999, (42 of 1999), and in partial modification of its Notification No.FEMA.12/2000-RB, dated May 3, 2000, as amended from time to time, the Reserve Bank of India makes t
May 31, 2003
Foreign Exchange Management Act, 1999 - Liberalisation
A.P.(DIR Series) Circular No.104 (May 31, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.104 May 31, 2003ToAll Authorised Dealers in Foreign Exchange Madam/Sir,Foreign Exchange Management Act, 1999 - LiberalisationAttention of authorised dealers is invited to our A.P.(DIR Series) Circulars listed below, announcing certain liberalised facilities in Capital Account transactions for a period upto June 30, 2003, subject to review.Sr. No.A.P.(DIR Series)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.104 May 31, 2003ToAll Authorised Dealers in Foreign Exchange Madam/Sir,Foreign Exchange Management Act, 1999 - LiberalisationAttention of authorised dealers is invited to our A.P.(DIR Series) Circulars listed below, announcing certain liberalised facilities in Capital Account transactions for a period upto June 30, 2003, subject to review.Sr. No.A.P.(DIR Series)
May 23, 2003
Foreign Exchange Management (Foreign Currency Account by a Person Resident in India)(Third Amendment) Regulations, 2003
Reserve Bank of India(Exchange Control Department)Central OfficeMumbai 400 001 Notification No.FEMA.90/2003-RBDated May 23, 2003Foreign Exchange Management (Foreign Currency Account bya Person Resident in India)(Third Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA 1
Reserve Bank of India(Exchange Control Department)Central OfficeMumbai 400 001 Notification No.FEMA.90/2003-RBDated May 23, 2003Foreign Exchange Management (Foreign Currency Account bya Person Resident in India)(Third Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA 1
May 21, 2003
International Credit Cards - Liberalisation of Facilities for Residents
A.P.(DIR Series) Circular No.103 (May 21, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai-400 001A.P.(DIR Series) Circular No.103 May 21, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,International Credit Cards - Liberalisation of Facilities for ResidentsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.73 dated January 24, 2003, relating to the use of International Credit Cards.2. As a step towards further liberalisation, resident individuals mainta
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai-400 001A.P.(DIR Series) Circular No.103 May 21, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,International Credit Cards - Liberalisation of Facilities for ResidentsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.73 dated January 24, 2003, relating to the use of International Credit Cards.2. As a step towards further liberalisation, resident individuals mainta
May 07, 2003
Rejection Risk Insurance - Remittance - Liberalisation
A.P. (DIR Series) Circular No.102 (May 7, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P. (DIR Series) Circular No.102May 7, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Rejection Risk Insurance – Remittance - Liberalisation Attention of authorised dealers is invited to sub-regulation (2) of Regulation 4 of Notification No.FEMA.12/2000-RB dated May 3, 2000 in terms of which a person resident in India is required to obtain a ‘no objection’ certificate from Centr
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P. (DIR Series) Circular No.102May 7, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Rejection Risk Insurance – Remittance - Liberalisation Attention of authorised dealers is invited to sub-regulation (2) of Regulation 4 of Notification No.FEMA.12/2000-RB dated May 3, 2000 in terms of which a person resident in India is required to obtain a ‘no objection’ certificate from Centr
May 05, 2003
Repatriation of sale proceeds of immovable property in India acquired by NRIs / PIOs
A.P.(DIR Series) Circular No.101 (May 5, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai 400 001A.P.(DIR Series) Circular No.101May 5, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Repatriation of sale proceeds ofimmovable property in India acquired by NRIs / PIOsAttention of authorised dealers is invited to clause (iii) of sub-regulation (b) of Regulation 6 of Notification No. FEMA 21/2000-RB dated 3rd May 2000 read with Notification No. FEMA 65/2002-RB dated 29th June 20
Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai 400 001A.P.(DIR Series) Circular No.101May 5, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Repatriation of sale proceeds ofimmovable property in India acquired by NRIs / PIOsAttention of authorised dealers is invited to clause (iii) of sub-regulation (b) of Regulation 6 of Notification No. FEMA 21/2000-RB dated 3rd May 2000 read with Notification No. FEMA 65/2002-RB dated 29th June 20
May 02, 2003
Export of Goods and Services - Exports to Warehouses Abroad
A.P. (DIR Series) Circular No.100 (May 2, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.100May 2, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and Services-Exports to Warehouses Abroad Attention of authorised dealers is invited to note `B’ of paragraph C.6 of Annexure to A. P. (DIR Series) Circular No.12 dated September 9, 2000 in terms of which Reserve Bank on an application made to it may permit individual exporters to
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.100May 2, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and Services-Exports to Warehouses Abroad Attention of authorised dealers is invited to note `B’ of paragraph C.6 of Annexure to A. P. (DIR Series) Circular No.12 dated September 9, 2000 in terms of which Reserve Bank on an application made to it may permit individual exporters to
Apr 30, 2003
Non-Resident Deposits - Comprehensive Single Return
A.P.(DIR Series) Circular No.99 (April 30, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.99NRD-CSR Package Version 1.6Installation Guide for Version 1.6April 30, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Non-Resident Deposits - Comprehensive Single Return Authorised Dealers are aware that the National Statistical Commission has recommended introduction of a computerised Comprehensive Single Return (CSR) for collection of data on Non-Re
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.99NRD-CSR Package Version 1.6Installation Guide for Version 1.6April 30, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Non-Resident Deposits - Comprehensive Single Return Authorised Dealers are aware that the National Statistical Commission has recommended introduction of a computerised Comprehensive Single Return (CSR) for collection of data on Non-Re
Apr 29, 2003
Booking of Forward Contracts
A.P. (DIR Series) Circular No.98 (April 29, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P. (DIR Series) Circular No.98April 29, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/SirsBooking of Forward ContractsAttention of Authorised Dealers is invited to A.P. (DIR Series) Circular No.92 dated April 4, 2003. It has been decided to enlarge the scope of forward contracts to cover the following transactions. 1. Inflows under Foreign Direct Investment Forward contracts are curr
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P. (DIR Series) Circular No.98April 29, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/SirsBooking of Forward ContractsAttention of Authorised Dealers is invited to A.P. (DIR Series) Circular No.92 dated April 4, 2003. It has been decided to enlarge the scope of forward contracts to cover the following transactions. 1. Inflows under Foreign Direct Investment Forward contracts are curr
Apr 29, 2003
Foreign Exchange Management (Foreign Currency Account by a Person Resident in India)(Second Amendment) Regulations, 2003
Reserve Bank Of India (Exchange Control Department) Central Office Mumbai 400 001 Notification No.FEMA.89/2003-RBdated April 29, 2003Foreign Exchange Management (Foreign Currency Account by a Person Resident in India)(Second Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 and in partial modification of its Notification No.FEMA 10/2000-RB dated 3rd May 2000 the Reserve Bank of In
Reserve Bank Of India (Exchange Control Department) Central Office Mumbai 400 001 Notification No.FEMA.89/2003-RBdated April 29, 2003Foreign Exchange Management (Foreign Currency Account by a Person Resident in India)(Second Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 and in partial modification of its Notification No.FEMA 10/2000-RB dated 3rd May 2000 the Reserve Bank of In
Apr 28, 2003
Capital Account Transactions - Liberalisation - Clarification
A.P. (DIR Series) Circular No.96 (April 28, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.96April 28, 2003To All Authorised Dealers in Foreign ExchangeMadam / Sirs,Capital Account Transactions – Liberalisation - Clarification Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.66 dated January 13, 2003 advising certain liberalisation measures in respect of overseas direct investment by various categories of investors. The matt
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.96April 28, 2003To All Authorised Dealers in Foreign ExchangeMadam / Sirs,Capital Account Transactions – Liberalisation - Clarification Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.66 dated January 13, 2003 advising certain liberalisation measures in respect of overseas direct investment by various categories of investors. The matt

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