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Apr 09, 2002

Two-way fungibility of ADRs/GDRs
A.P. (DIR Series) Circular No.37 (April 9, 2002)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 A.P. (DIR Series) Circular No.37 April 9, 2002 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Two-way fungibility of ADRs/GDRs Attention of Authorised Dealers is invited to A.P.(DIR Series) circular No.21 dated February 13, 2002, enclosing the Operative Guidelines for the limited two-way fungibility under the "Issue of Foreign Currency Convertible Bonds and Ordinary Share

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Apr 01, 2002

Export of Goods and Services -
Facilities to Status Holder Exporters
A.P.(DIR Series) Circular No.35 (April 01, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.35April 01, 2002ToAll Authorised Dealers in Foreign ExchangeMadam /Sirs,Export of Goods and Services - Facilities to Status Holder Exporters Attention of authorised dealers is invited to A.P. (DIR Series) Circular No. 12 dated September 9, 2000, containing directions regarding Export of Goods and Services. 2. With a view to simplifying the procedures regarding expo

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Apr 01, 2002

Facilities to Status Holder Exporters
-Credit to the EEFC account
A.P.(DIR Series) Circular No.34 (April 01, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.34April 01, 2002ToAll Authorised Dealers in Foreign ExchangeMadam /Sirs,Facilities to Status Holder Exporters - Credit to the EEFC account Attention of authorised dealers is invited to the provisions contained in the Schedule to the Reserve Bank Notification No FEMA10/2000-RB dated May 3, 2000, permitting the residents to maintain Exchange Earners’ Foreign Currency

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Apr 01, 2002

Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India)(Second Amendment) Regulations, 2002

RESERVE BANK OF INDIA (EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA58/2002-RBdated April 01, 2002Foreign Exchange Management (Foreign Currency Accounts by aPerson Resident in India)(Second Amendment) Regulations, 2002In 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.

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Apr 01, 2002

Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2002

RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001 Notification No. FEMA57/2002-RBDated April 01, 2002Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2002In exercise of the powers conferred by clause (a) of sub-section (1), sub-section (3) of Section 7 and 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 23/200

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Mar 28, 2002

Exim Bank’s Line of Credit of US$ 10 million to
Vnesheconombank, Russia (VEB, The Bank for
Foreign Economic Affairs of the USSR)
A.P.(DIR Series) Circular No.32 (March 28, 2002)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 March 28, 2002 A.P.(DIR Series) Circular No.32 To All Authorised Dealers in Foreign Exchange Madam / Sirs , Exim Bank’s Line of Credit of US$ 10 million to Vnesheconombank, Russia (VEB, The Bank for Foreign Economic Affairs of the USSR) Export Import Bank of India (Exim Bank) has concluded an agreement with the Vnesheconombank, (VEB, The Bank for Foreign Economic Affairs of the USSR) on No

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Mar 28, 2002

Exim Bank's Line of Credit of US $ 10 million to
Banco Nacional de Comercio Exterior, S.N.C.,Mexico.
A.P.(DIR Series) Circular No.33 (March 28, 2002)

Reserve Bank Of India Exchange Control Department Central Office Mumbai - 400 001 March 28, 2002 A.P.(DIR Series) Circular No.33 To All Authorised Dealers in Foreign Exchange Madam / Sirs , Exim Bank's Line of Credit of US $ 10 million to Banco Nacional de Comercio Exterior, S.N.C.,Mexico. Export Import Bank of India (Exim Bank) has concluded an agreement with the Banco Nacional de Comercio Exterior, S.N.C., (Bancomext), Mexico on November 28, 2001,making available to

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Mar 27, 2002

Exim Bank’s Line of Credit of US$ 10 million to Banco
Centroamericano de Integracion Economica (BCIE)
A.P.(DIR Series) Circular No.31 (March 27, 2002)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P.(DIR Series) Circular No.31 March 27, 2002 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Exim Bank’s Line of Credit of US$ 10 million to Banco Centroamericano de Integracion Economica (BCIE) Export Import Bank of India (Exim Bank) has concluded an agreement with the Banco Centroamericano de Integracion Economica (BCIE, Central American Bank for Economic Integration) on No

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Mar 26, 2002

Export of Goods for Exhibition / Trade Fairs outside India
A.P. (DIR Series) Circular No.30 (March 26, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI – 400 001A.P. (DIR Series) Circular No.30March 26, 2002ToAll Authorised Dealers in Foreign ExchangeSirs / Madam, Export of Goods for Exhibition / Trade Fairs outside India Attention of authorized dealers is invited to Paragraph A. 9 (ii) of the Annexure enclosed to AP (DIR Series) Circular No. 12 dated September 9, 2000, advising that exporters participating in trade fairs / exhibitions abroad should

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Mar 18, 2002

Foreign Exchange Management (Guarantees) (Amendment) Regulations, 2002

RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001 Notification No.FEMA. 56 /2002-RBdated March 18, 2002Foreign Exchange Management (Guarantees) (Amendment) Regulations, 2002In exercise of the powers conferred by clause (j) 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.FEMA.8/2000-RB dated May 3, 2000, the Reserve Ba

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Mar 11, 2002

Issue of foreign currency convertible bonds(FCCBs)
A.P.(DIR Series) Circular No.29 (March 11, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001March 11, 2002A.P.(DIR Series) Circular No.29ToAll Authorised Dealers in Foreign ExchangeSirs/MadamIssue of Foreign Currency Convertible Bonds(FCCBs) Attention of authorised dealers is invited to sub-regulation (2) of Regulation 18 of the Reserve Bank Notification No.FEMA19/RB-2000 dated 3rd May 2000, in terms of which an Indian company or a body corporate, created by an Act of Parliament ma

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Mar 07, 2002

Notification No. FEMA 55 /2002-RB (March 7, 2002)

RESERVE BANK OF INDIA (EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI Notification No. FEMA 55 /2002-RB Dated March 7, 2002 In exercise of the powers conferred by clause (a) 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.FEMA 19/RB-2000- dated 3rd May 2000, the Reserve Bank makes the following amendments to the Foreign Exchange Management (Transfer or Issue

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Mar 05, 2002

Foreign Exchange Management (Foreign exchange derivative contracts) (Amendment) Regulations, 2002

RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 54 /2002-RBdated March 5, 2002Foreign Exchange Management (Foreign exchange derivative contracts) (Amendment) Regulations, 2002 In exercise of the powers conferred by clause (h) 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.25/RB-2000 dated May 3, 2000, Reserve Bank of I

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Mar 04, 2002

Full Convertibility of Deposit Schemes - Non-Resident Indians
A.P. (DIR Series) Circular No. 28 (March 4 , 2002)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 A.P. (DIR Series) Circular No. 28 March 4 , 2002 To All Authorised Dealers in Foreign Exchange Madam/ Sirs Full Convertibility of Deposit Schemes – Non-Resident Indians Attention of authorised dealers is invited to "Foreign Exchange Management (Deposit) Regulations, 2000" notified under Notification No. FEMA 5 /2000-RB dated May 3, 2000. In terms of sub-regulations 1(iv) and (v) of Regulat

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Mar 02, 2002

Indian Direct Investment outside India
A.P.(DIR Series) Circular No.27 (March 2 , 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.27March 2 , 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Indian Direct Investment outside IndiaAttention of authorised dealers is invited to Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2000 notified by the Reserve Bank vide Notification No.FEMA 19/RB-2000 dated May 3, 2000 and amended from time to time.2. With

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Mar 01, 2002

Import of Aircraft/Aircraft Engine/Helicopter on lease basis
A.P.(DIR Series) Circular No.24 (March 1, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series)Circular No.24March 1, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Import of Aircraft/Aircraft Engine/Helicopter on lease basisAuthorised dealers are aware that the Reserve Bank is considering applications from airline companies and air taxi operators for payment of the lease rentals for import of aircraft/aircraft engine/helicopter on lease basis, based on the a

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Feb 27, 2002

Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Amendment) Regulations, 2002

RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 51 /2002-RBdated February 27, 2002Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Amendment) Regulations, 2002 In 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.FE

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Feb 20, 2002

Notification No.FEMA. 50 /2002-RB (February 20, 2002)

RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 50 /2002-RBdated February 20, 2002In exercise of the powers conferred by clause (h) 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.24/2000-RB dated May 3, 2000, Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Investment in Firm or

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Feb 13, 2002

Two-way fungibility of ADRs/GDRs
A.P. (DIR Series) Circular No.21

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001February 13, 2002A.P. (DIR Series) Circular No.21ToAll Authorised Dealers in Foreign ExchangeDear Sirs/Madam,Two-way fungibility of ADRs/GDRs Authorised Dealers are aware that in terms of Regulation 4A of RBI Notification FEMA 20/2000-RB dated May 3, 2000 as amended by Notification No. FEMA 41/2001-RB dated March 2, 2001 (copy enclosed), a registered broker may purchase shares of an Indian com

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Jan 28, 2002

Export of goods & services -
Extension of period of realisation
A.P.(DIR Series) Circular No.20 (January 28, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.20January 28, 2002To, All Authorised Dealers in Foreign ExchangeDear Sirs/Madam,Export of goods & services –Extension of period of realisation Attention of all Authorised Dealers is invited to paragraph C.15 of A.P.(DIR Series) Circular No. 12 dated September 9, 2000, in terms of which cases where an exporter has not been able to realise proceeds of shipment wi

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Jan 24, 2002

Risk Management and Inter-Bank Dealings
A.P.(DIR Series) Circular No.19 (January 24, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001@@NBSP@@A.P.(DIR Series) Circular No.19January 24, 2002To All Authorised Dealers in Foreign ExchangeDear Sirs/Madam,Risk Management and Inter-Bank Dealings Attention of authorised dealers is invited to the Reserve Bank Notification No.FEMA/25/2000-RB dated May 3, 2000. 2. Directions relating to forward exchange cover and other derivative products, Rupee Accounts of non-resident banks and inter-

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Jan 10, 2002

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2002

RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001 Notification No.FEMA. 49 /2002-RBdated January 19, 2002Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2002 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), (42 of 1999), and in partial modification of its Notification No.FEMA.19/

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Jan 01, 2002

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2002

RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 48 /2002-RBdated January 1, 2002Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2002 In exercise of the powers conferred by clause (a) 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.FEMA.19/RB-2000, dated May 3, 20

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Dec 18, 2001

Issue of Licence for Holding Foreign Securities
A.P.(DIR Series) Circular No.18 (December 18, 2001)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P.(DIR Series) Circular No.18December 18, 2001ToAll Authorised Dealers in Foreign ExchangeDear Sirs/MadamIssue of Licence for Holding Foreign SecuritiesUnder Section 19 of the Foreign Exchange Regulation Act, 1973, persons resident in India were required to obtain holding licence for acquisition of foreign securities. However, under the Foreign Exchange Management Act, 1999, there is no ob

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Dec 15, 2001

Submission of Returns
A.P.(DIR Series) Circular No.17 (December 15, 2001)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P.(DIR Series) Circular No.17December 15, 2001ToAll Authorised Dealers in Foreign ExchangeDear Sirs/MadamSubmission of ReturnsAuthorised Dealers are aware that with the introduction of Foreign Exchange Management Act (FEMA), 1999, certain returns prescribed under Foreign Exchange Regulation Act (FERA), 1973 are no longer relevant. We have reviewed the position and advise as under :1. Annua

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Dec 15, 2001

Permission for Purchase/ Acquisition of
Foreign Securities - Clarification
A.P. (DIR Series) Circular No.16 (December 15 , 2001)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPATMENTCENTRAL OFFICEMUMBAI – 400 001A.P. (DIR Series) Circular No.16December 15 , 2001ToAll Authorised Dealers in Foreign ExchangeDear Sirs/Madam,Permission for Purchase/ Acquisition ofForeign Securities - ClarificationAttention of authorised dealers is invited to item (e) of paragraph 2 of the AP (DIR Series) circular No. 32 dated April 28,2001. In terms of Regulations 19 of the Reserve Bank Notification No. FEMA.19/2000-RB da

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Dec 08, 2001

Exim Bank’s Line of Credit of US$ 10 million to Corporacion Andina De Fomento (CAF) (Andean Development Corporation)
A.P.(DIR Series) Circular No.15

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001December 8, 2001A.P.(DIR Series) Circular No.15ToAll Authorised Dealers in Foreign ExchangeDear Sirs/MadamExim Bank’s Line of Credit of US$ 10 million toCorporacion Andina De Fomento (CAF)(Andean Development Corporation)Export Import Bank of India (Exim Bank) has concluded an agreement with the Corporacion Andina De Fomento (CAF) on July 19, 2001, making available to the latter, a line of cred

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Dec 05, 2001

Deferred Payments Protocols dated 30th April, 1981 and 23rd December, 1985 between the Government of India and erstwhile USSR
A.P.(DIR Series) Circular No.14

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001December 5, 2001A.P.(DIR Series) Circular No.14ToAll Authorised Dealers in Foreign ExchangeDear Sirs/Madam,Deferred Payments Protocols dated 30th April, 1981 and23rd December, 1985 between the Government of Indiaand erstwhile USSRAttention of authorised dealers is invited to AP (DIR Series) Circular No.7 dated 1st October 2001 wherein the rupee value of the special currency basket effective fro

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Dec 05, 2001

Notification No.FEMA47/2001-RB (December 5, 2001)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 Notification No.FEMA47/2001-RB Dated December 5, 2001 In 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 notification of its Notification No.FEMA.10/2000-RB dated 3rd May, 2000, Reserve Bank of India makes the following amendments in the Foreign Exchange Man

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Nov 29, 2001

Purchase/sale of shares and /or convertible debentures by
Overseas Corporate Bodies (OCBs) on a Stock Exchange
in India under the Portfolio Investment Scheme (PIS)
A.P. (DIR Series) Circular No.13 (November 29, 2001)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.13 November 29, 2001To All Authorised Dealers in Foreign ExchangeDear Sirs / Madam,Purchase/sale of shares and /or convertible debentures by Overseas Corporate Bodies (OCBs) on a Stock Exchange in India under the Portfolio Investment Scheme (PIS) Authorised Dealers are aware that in terms of Schedule 3 to Foreign Exchange Management (Transfer or Issue of Security

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Nov 29, 2001

Notification No. FEMA. 46 /2001-RB (November 29, 2001)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 Notification No.FEMA/46/2001-RB Dated November 29, 2001. Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2001 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

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Nov 23, 2001

Release of Foreign Exchange for private
visit abroad - Endorsement on Passport
A.P.(DIR Series) Circular No.12 (November 23, 2001)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001November 23, 2001A.P.(DIR Series) Circular No.12A.P.(F.L. Series) Circular No.2ToAll Authorised Persons in Foreign ExchangeDear Sirs/Madam,Release of Foreign Exchange for privatevisit abroad - Endorsement on Passport In terms A.P.(DIR Series) Circular No.20/A.P.(F.L. Series) Circular No.2 dated November 16, 2000, authorised persons are required to invariably endorse on the traveller's passport

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Nov 13, 2001

Release of Foreign Exchange for visits abroad
- Currency Component
A.P.(DIR Series) Circular No. 11

Reserve Bank of India Exchange Control Department Central Office Mumbai - 400 001November 13, 2001A.P.(DIR Series) Circular No. 11A.P.(FL Series) Circular No. 1ToAll Authorised Persons in Foreign ExchangeDear Sirs/Madam Release of Foreign Exchange for visits abroad - Currency ComponentAuthorised dealers as well as Full Fledged Money Changers are permitted to sell foreign exchange in the form of foreign currency notes and coins upto US$ 500 or its equivalent to tr

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Nov 01, 2001

Asian Clearing Union (ACU) Mechanism - Exports to Nepal
A.P. (DIR Series) Circular No. 10 (November 1, 2001)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No. 10November 1, 2001ToAll Authorised Dealers in Foreign ExchangeDear Sirs, /Madam,Asian Clearing Union (ACU) Mechanism – Exports to NepalAs authorised dealers are aware, in terms of the Reserve Bank Notifications No.FEMA 14/RB-2000 and FEMA 17/RB-2000 dated May 3, 2000, all trade transactions between a person resident in India and a person resident in Nepal may be

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Oct 25, 2001

Export of Goods and Services - Certification of SOFTEX Forms
A.P.(DIR Series) Circular No.9 (October 25, 2001)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001.A.P.(DIR Series) Circular No.9October 25, 2001ToAll Authorised Dealers in Foreign ExchangeDear Sirs/Madam,Export of Goods and Services - Certification of SOFTEX Forms Attention of Authorised Dealers is invited to Regulation 6 of the Reserve Bank Notification No.FEMA 23/2000-RB dated May 3, 2000, as amended by the Notification No.FEMA 36/2001-RB dated February 2, 2001, in terms of which design

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Oct 13, 2001

Settlement of insurance claims in foreign currency
A.P.(DIR Series) Circular No.8 (October 13, 2001)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P.(DIR Series) Circular No.8October 13, 2001To All Authorised Dealers in Foreign ExchangeDear Sirs/Madam,Settlement of insurance claims in foreign currency In terms of paragraph B.3 of GIM requests for issue of general insurance policies in foreign currency other than those covered by the provisions of GIM are required to be referred to RBI. Approvals are granted by RBI on merits of the ca

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Oct 01, 2001

Deferred Payments Protocols dated 30th April, 1981
and 23rd December, 1985 between the
Government of India and erstwhile USSR
A.P. (DIR Series) Circular No. 7 (October 1, 2001)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001@@NBSP@@A.P. (DIR Series) Circular No. 7October 1, 2001To All Authorised Dealers in Foreign ExchangeDear Sirs/Madam,Deferred Payments Protocols dated 30th April, 1981 and23rd December, 1985 between the Government of Indiaand erstwhile USSR Attention of authorised dealers is invited to AP (DIR Series) Circular No. 2 dated 17th June 2000 wherein the rupee value of the special currency basket eff

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Sep 20, 2001

Notification No. FEMA. 45 /2001-RB (September 20, 2001)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001Notification No. FEMA. 45 /2001-RB dated September 20, 2001 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. FEMA 20/2000-RB dated 3rd May 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (

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Jul 30, 2001

Indo-Mauritius Credit Agreement dated
May 4, 2001, for US$ 100 million
A.P.(DIR Series) Circular No.3 (July 30, 2001)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001@@NBSP@@A.P.(DIR Series) Circular No.3 July 30, 2001ToAll Authorised Dealers in Foreign Exchange Dear SirsIndo-Mauritius Credit Agreement datedMay 4, 2001, for US$ 100 millionThe Government of India have extended a line of credit of an amount of US$ 100 million (U.S. Dollar one hundred million only) to the Government of the Republic of Mauritius under a credit agreement entered into between

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Jul 27, 2001

Remittance for participation in lottery etc. schemes
A.P.(DIR Series) Circular No.2 (July 27, 2001)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.2July 27, 2001To All Authorised Dealers in Foreign ExchangeDear SirsRemittance for participation in lottery etc. schemes It has come to the notice of the Reserve Bank that certain overseas organisations have been advising individuals in India that they have won prizes in lotteries etc. and that they should arrange to remit some amount in US Dollars, as fees. 2.Atte

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Jul 14, 2001

Exim Bank’s Line of Credit of US$ 5 million to
Banque Internationale Arabe de Tunisie (BIAT)
A.P.(DIR Series) Circular No.1

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001July 14, 2001A.P.(DIR Series) Circular No.1[last circular for the year 2000-01 isA.P.(DIR Series) Circular No.36]ToAll Authorised Dealers in Foreign ExchangeDear SirsExim Bank’s Line of Credit of US$ 5 million toBanque Internationale Arabe de Tunisie (BIAT)Export Import Bank of India (Exim Bank) has concluded an agreement with the Banque Internationale Arabe de Tunisie (BIAT) on October 21, 20

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Jun 11, 2001

Foreign Exchange Management Act, 1999
Export of Goods and Services
A.P. (DIR Series) Circular No. 35 (June 11, 2001)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 A.P. (DIR Series) Circular No. 35 June 11, 2001 To All Authorised Dealers in Foreign Exchange Dear Sirs Foreign Exchange Management Act, 1999 – Export of Goods and Services Attention of authorised dealers is invited to paragraph C.10 of the Annexure to A.P. (DIR Series) Circular No.12 dated September 9, 2000, in terms of which authorised dealers have been advised to watch closely realisa

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May 28, 2001

Indo-Myanmar Credit Agreement
dated November 17, 2000 for US$ 15 million
A.P.(DIR Series) Circular No.34 (May 26, 2001)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.34May 26, 2001ToAll Authorised Dealers in Foreign ExchangeDear SirsIndo-Myanmar Credit Agreementdated November 17, 2000 for US$ 15 million The Government of India have extended a line of credit of US$ 15 million (US Dollar Fifteen Million only) to the Government of the Union of Myanmar under a credit agreement entered into between the two Governments on November 17

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May 14, 2001

Export of goods and services against repayment of
State credit granted by erstwhile Soviet Union
A.P.(DIR Series) Circular No.33 (May 10, 2001)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.33May 10, 2001To All Authorised Dealers in Foreign ExchangeDear SirsExport of goods and services against repayment ofState credit granted by erstwhile Soviet UnionAttention of authorised dealers is drawn to Annexure I to A.D.(G.P.Series) circular No.4 dated May 19, 1999, indicating names of nominated banks in India for handling matters relating to exports to Russia

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May 02, 2001

Indian Direct Investment outside India
A.P. (DIR Series) Circular No.32 (April 28, 2001)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P. (DIR Series) Circular No.32 April 28, 2001 To All Authorised Dealers in Foreign Exchange Dear Sirs, Indian Direct Investment outside India Attention of the authorised dealers is invited to Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2000, notified by the Reserve Bank vide Notification No. FEMA 19/RB-2000 dated 3rd May, 2000 dealing with Indian

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Mar 31, 2001

Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2001

THE GAZETTE OF INDIAEXTRAORDINARYPART II – Section 3 – Sub-section (ii)PUBLISHED BY AUTHORITY[No.215]FRIDAY, MARCH 30, 2001MINISTRY OF FINANCE(Department of Economic Affairs)NOTIFICATIONNew Delhi, the 30th March, 2001S.O. 301(E) – In exercise of the powers conferred by section 5 and sub-section (1) and Clause (a) of sub-section (2) of section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in consultation with the Reserve Bank, the Central Government

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Mar 09, 2001

Foreign Exchange Management Act, 1999
Export of goods and services -Forwarders Cargo Receipt
A.P.(DIR Series) Circular No.27 (March 2, 2001)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P.(DIR Series) Circular No.27 March 2, 2001 To All Authorised Dealers in Foreign Exchange Dear Sirs, Foreign Exchange Management Act, 1999 – Export of goods and services -Forwarder’s Cargo Receipt Attention of authorised dealers is invited to paragraph B.5 of the annexure to A.P. (DIR Series) Circular No.12 dated September 9, 2000, in terms of which they may negotiate House Airways Bills

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Feb 27, 2001

Export of Goods and Services

Export of Goods and Services RESERVE BANK OF INDIA (EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 36 /2001-RB. Dated February 27, 2001 In exercise of the powers conferred by clause (a) of sub-section (1) and sub-section (3) of Section, 7, 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 23/2000-RB dated 3rd May 2000, Reserve Bank of India

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Feb 27, 2001

EEFC Account of Units in SEZs

EEFC Account of Units in SEZs RESERVE BANK OF INDIA ( EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA 37/2001-RB dated February 27 , 2001 In 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 10/2000-RB dated 3rd May 2000, Reserve Bank of India makes the following ame

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Feb 27, 2001

Payment to Non-whole time Non-Resident Directors

Payment to Non-whole time Non-Resident Directors Reserve Bank of India (Exchange Control Department) Central Office Mumbai – 400 001 Notification No.FEMA.38/2001-RB Dated February 27, 2001 In exercise of the powers conferred by clause (g) of sub-section (3) of Section 6 and 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 6/RB-2000 dated 3rd May 2000, the Reserve Bank of Ind

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