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ಫೆಬ್ರವರಿ 11, 2004

Export of Goods and Services - Liberalisation - A.P (DIR Series) Circular No.68

RESERVE BANK OF INDIA RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 RBI/2004/54 A.P.(DIR Series) Circular No.68 February 11, 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Export of Goods and Services – Liberalisation Attention of Authorised Dealers is invited to paragraph C 20 of Part C to the Annexure to AP(Dir Series) Circular No.12 of September 9, 2000 in terms of which they were prohibited from either acceptin

ಫೆಬ್ರವರಿ 06, 2004

Imports into India - Direct Receipt of Import Bills/Documents - Liberalisation A.P.(DIR Series) Circular No.66

RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001 February 6, 2004 RBI/2004/45 A.P.(DIR Series) Circular No.66 To All Authorised Dealers in Foreign Exchange Madam / Sirs, FEMA 1999 - Imports into India – Direct Receipt of Import Bills/Documents - Liberalisation Attention of Authorised Dealers is invited to paragraph A.12 of the Annexure to A.P.(DIR Series) Circular No. 106 dated June 19, 2003 permitting Authorised Dealers to make remittanc

ಫೆಬ್ರವರಿ 06, 2004

Clarification regarding Automatic Route for Residual Activities under Foreign Direct Investment (FDI)A.P.(DIR Series) Circular No.67

Reserve Bank of IndiaForeign Exchange DepartmentCentral OfficeMumbai – 400 001 February 6, 2004 RBI/2004/46 A.P.(Dir Series) Circular No.67 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Clarification regarding Automatic Route for Residual Activities under Foreign Direct Investment (FDI) Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No.38 dated December 3, 2003 forwarding therewith the Summary of Regulatory Provisions covering For

ಫೆಬ್ರವರಿ 05, 2004

Foreign Exchange Management Act, 1999 - A.P (DIR Series) Circular No.65

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 RBI/2004/43 A.P. (DIR Series) Circular No. 65 &n

ಫೆಬ್ರವರಿ 04, 2004

Liberalised Remittance Scheme of USD 25,000 for Resident Individuals - A.P (DIR Series) Circular No.64

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 RBI/ 2004/39 A.P. (DIR Series) Circular No. 64 February 4, 2004 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Liberalised Remittance Scheme of USD 25,000 for Resident Individuals As you are aware, we have been closely monitoring the macro-economic developments of the country and initiating suitable policy changes in tune with the changing scenario. As

ಫೆಬ್ರವರಿ 03, 2004

Investment by International Financial Institutions in Govt. Securities - A.P (DIR Series) Circular No.63

Reserve Bank of IndiaReserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001 RBI/2004/37 A.P.(Dir Series) Circular No.63 February 3, 2004 To All Authorised Dealers in Foreign Exchange Madam/Sir, Investment by International Financial Institutions in Govt. Securities Attention of Authorised Dealers is invited to paragraphs 1 and 2 of Schedule 5 to Notification No. FEMA 20/2000-RB dated May 3, 2000 as amended from time to time whereby, FIIs and

ಜನವರಿ 31, 2004

External Commercial Borrowings (ECB)

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENTCentral OfficeMumbai 400 001January 31, 2004 RBI/2004/34A.P.(DIR Series) Circular No.60 ToAll Authorised Dealers in Foreign Exchange Madam / Sirs,External Commercial Borrowings (ECB)1. Preamble With a view to replace temporary measures relating to External Commercial Borrowings (ECB) announced on November 14, 2003 with more transparent and simplified policies and procedures, a review of the ECB guidelines has been under

ಜನವರಿ 31, 2004

Liberalised remittances facilities to NRIs/PIO and Foreign Nationals - A.P (DIR Series) Circular No.62

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 January 31, 2004 RBI/2004/36 A.P.(DIR Series) Circular No.62 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Liberalised remittances facilities to NRIs/PIO and Foreign Nationals Amendments to FEMA Regulations Clarificatory Guidelines Attention of Authorised Dealers is invited to paragraph 4 of A.P.(DIR Series) Circular No.67 dated January 13, 2003, permitting them to allow re

ಜನವರಿ 31, 2004

Exemption from Declaration of Export of Goods and Software - A.P (DIR Series) Circular No.61

RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI 400 001 January 31, 2004 RBI/2004/35 A.P.(DIR Series) Circular No.61 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Exemption from Declaration of Export of Goods and Software Attention of Authorised Dealers is invited to Regulation 3 of Notification No. FEMA 23/2000-RB dated May 3, 2000, in terms of which every exporter of goods or software in physical form or through any other form shal

ಪಿಡಿಎಫ್ ( 9003 )

ಜನವರಿ 01, 2004

Foreign Exchange Management (Transfer or Issue of Security by a person Resident outside India) (First Amendment) Regulations, 2004

A.P.(DIR Series) Circular No.97 dated June 21, 2004]Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001Notification No.FEMA. 108/2004-RB Dated January 1, 2004Foreign Exchange Management(Transfer or Issue of Security by a person Resident outside India)(First Amendment) Regulations, 2004In 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

ಪಿಡಿಎಫ್ ( 10774 )

ಜನವರಿ 01, 2004

Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (First Amendment) Regulations, 2004

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001 A.P.(DIR Series) Circular No.6Notification No.FEMA.109/2004-RB Dated: January 1, 2004Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (First Amendment) Regulations, 2004 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 (Act 42 of 1999) and in partia

ಪಿಡಿಎಫ್ ( 8929 )

ಡಿಸೆಂ 05, 2003

Export of Goods and Services - Liberalisation
A.P.(DIR Series) Circular No.40 (December 5, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai A.P.(DIR Series) Circular No.40December 5, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services – Liberalisation Attention of Authorised Dealers is invited to A.P (DIR Series) Circular No.12 dated September 9, 2000, as amended from time to time, relating to Export of Goods and Services and Part C of the said circular wherein directions have been issued for allowin

ಪಿಡಿಎಫ್ ( 10076 )

ಡಿಸೆಂ 03, 2003

Foreign Investments in India
A.P. (DIR Series) Circular No.38 (December 3, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.38 December 3, 2003To All Authorised Dealers in Foreign ExchangeMadam/ Sirs,Foreign Investments in IndiaRecent liberalisation measures relating to Foreign Direct Investment – FEMA No.94/2000-RBSummary of Regulatory Provisions covering Foreign Investments in IndiaAttention of Authorised Dealers is invited to the Foreign Exchange Management (Transfer or Issue of S

ಪಿಡಿಎಫ್ ( 80869 )

ಡಿಸೆಂ 03, 2003

Foreign Investments in India - Investment in Proprietorship Concern/ Partnership Firm
A.P. (DIR Series) Circular No.39 (December 3, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P. (DIR Series) Circular No.39December 3, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/ Sirs,Foreign Investments in India – Investment in Proprietorship Concern/Partnership FirmAttention of Authorised Dealers is invited to the Foreign Exchange Management (Investment in Firm or Proprietary concern in India) Regulations, 2000 notified by the Reserve Bank of India vide Notification No.

ಪಿಡಿಎಫ್ ( 9587 )

ನವೆಂ 15, 2003

Permission to open Project Office in India
and Remittance of Assets - Project Office
A.P.(DIR Series) Circular No. 37 (Nov 15, 2003)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 A.P.(DIR Series) Circular No. 37 November 15, 2003 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Permission to open Project Office in India and Remittance of Assets - Project Office Attention of Authorised Dealers is invited to Notification No. FEMA 22/2000-RB dated May 3, 2000 [Foreign Exchange Management (Establishment in India of Branch or Office or other Place of Business

ಪಿಡಿಎಫ್ ( 10405 )

ನವೆಂ 14, 2003

Capitalisation of Lumpsum Fee / Royalty / ECB - Liberalisation
A.P. (DIR Series) Circular No.34 (Nov 14, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai - 400 001A.P. (DIR Series) Circular No.34November 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Capitalisation of Lumpsum Fee / Royalty / ECB – LiberalisationAttention of Authorised Dealers is invited to Regulation 5(1) of Notification No.FEMA.20/2000-RB dated May 3, 2000 and paragraph 8 of Schedule I thereto, in terms of which issue of shares or convertible debentures under Foreig

ಪಿಡಿಎಫ್ ( 8889 )

ನವೆಂ 14, 2003

External Commercial Borrowings (ECBs)
A.P. (DIR Series) Circular No.36 (Nov 14, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.36 November 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,External Commercial Borrowings (ECBs) Attention of Authorised Dealers is invited to A.P. (DIR Series) Circulars Nos.10 and 23 dated September 5, 2000 and September 17, 2002 respectively and Press Release F.No.4(35)/2003-ECB dated November 12, 2003 issued by Government of India (Ministry o

ಪಿಡಿಎಫ್ ( 10629 )

ನವೆಂ 14, 2003

Issue of Units of Mutual Funds
A.P.(DIR Series) Circular No.35 (Nov 14, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.35November 14, 2003To All Authorised Dealers in Foreign ExchangeMadam / Sirs,Issue of Units of Mutual FundsAt present, Indian Asset Management Companies (AMCs) which launch off-shore funds abroad have to obtain SEBI’s approval for such schemes. They are also required to obtain RBI’s prior approval for issue of units, remittance of dividend and redemption of units

ಪಿಡಿಎಫ್ ( 7669 )

ನವೆಂ 13, 2003

Foreign Exchange Management Act, 1999 -
Current Account Transactions - Liberalisation
A.P.(DIR Series) Circular No.33 (Nov 13, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.33November 13, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 -Current Account Transactions – LiberalisationAttention of Authorised Dealers is invited to A.P.(DIR Series) Circular No.3 dated July 17, 2003 permitting them to allow remittances upto USD 100,000 each for various purposes viz. (i) employment abroad (i

ಪಿಡಿಎಫ್ ( 8515 )

ಅಕ್ಟೋ 29, 2003

Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2003

[A.P.(DIR Series) Circular No.97 dated June 21, 2004]RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001Notification No.FEMA.107/2003-RB dated October 29, 2003Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2003In 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) an

ಪಿಡಿಎಫ್ ( 8884 )

ಅಕ್ಟೋ 28, 2003

Export of Goods and Services - Project Exports
A.P.(DIR Series) Circular No.32 (Oct 28, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.32 October 28, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services - Project ExportsAttention of Authorised Dealers is invited to Regulation 18 of Notification No.FEMA 23/2000-RB dated 3rd May 2000 viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 in terms of which export of goods or services o

ಅಕ್ಟೋ 27, 2003

Foreign Exchange Management - Transfer or Issue of Security by a Person Resident outside India(fourth Amendment) regulations,2003

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001 Notification No. FEMA 106 /2003-RBDated the 27th October 2003 Foreign Exchange Management (Transfer or issue of Security by aPerson Resident outside India)(Fourth Amendment) Regulations, 2003In 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

ಅಕ್ಟೋ 24, 2003

Import of Silver/Platinum against
Letter of Authority issued by Nominated Agency
A.P.(DIR Series) Circular No.31 (October 24, 2003)

Reserve Bank of India Exchange Control DepartmentCentral OfficeMumbai 400001A.P.(DIR Series) Circular No.31 October 24, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Import of Silver/Platinum against Letter of Authority issued by Nominated AgencyAttention of Authorised Dealers is invited to paragraph 2 of A.P. (DIR Series) Circular No.25 dated October 1, 2003, in terms of which they have been advised to issue letters of credit for import of gold under t

ಅಕ್ಟೋ 21, 2003

Export of Goods and Services
A.P. (DIR Series) Circular No.30 (October 21, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.30 October 21, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and Services Attention of Authorised Dealers is invited to A.P. (DIR Series) Circulars No.6 dated September 24, 2001, No.2 dated July 4, 2002 and No.33 dated October 23, 2002, in terms of which manufacturer exporters/merchant exporters/traders of certain products and having e

ಅಕ್ಟೋ 21, 2003

Foreign Exchange Management Third Amendment Regulations, 2003

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 Notification No. FEMA 104./2003-RB Dated the October 21, 2003Foreign Exchange Management (Foreign exchangederivative contracts) ( Third Amendment)Regulations, 2003. In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (Act 42 of 1999), and in partial modification of its Notification No. FEMA 25/RB-2000 dated May 3, 200

ಅಕ್ಟೋ 21, 2003

Foreign Exchange Management (Foreign exchange derivative contracts) (Fourth Amendment) Regulations, 2003

The Gazette of India EXTRAORDINARY PART II - Section 3 - Sub-section (i) PUBLISHED BY AUTHORITY ================================================================ No.551 NEW DELHI, TUESDAY, NOVEMBER 11, 2003 ================================================================ MINISTRY OF FINANCE (Department of Economic Affairs) (RESERVE BANK OF INDIA) (Exchange Control Department) (Central Office) NOTIFICATION Mumbai, the 21st October 2003 No.FEMA.105/2003-RB Foreign Exchan

ಪಿಡಿಎಫ್ ( 7974 )

ಅಕ್ಟೋ 18, 2003

External Commercial Borrowings (ECBs) by Units in Special Economic Zones (SEZs)
A.P.(DIR Series) Circular No.29 (October 18, 2003)

Reserve Bank of India Exchange Control DepartmentCentral OfficeMumbai 400001A.P.(DIR Series) Circular No.29 October 18, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,External Commercial Borrowings (ECBs) by Units in Special Economic Zones (SEZs)Attention of Authorised Dealers is invited to the Guidelines on ECBs Policies & Procedures (1999-2000) and Press Release F.No.4(2)/2002-ECB dated September 15, 2002 issued by Government of India, Ministry of

ಪಿಡಿಎಫ್ ( 5528 )

ಅಕ್ಟೋ 17, 2003

Forward contracts - Investments of Non-Residents in Indian companies
A.P.(DIR Series) Circular No.28 (October 17, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400001A.P.(DIR Series) Circular No.28 October 17, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Forward contracts – Investments of Non-Residents in Indian companiesAttention of Authorised Dealers is invited to Regulation 5 of Notification No.FEMA 25/RB-2000 dated May 3, 2000 read with A.P. (DIR Series) Circular No.50 dated November 16, 2002.2. It has been decided to permit persons resi

ಪಿಡಿಎಫ್ ( 5221 )

ಅಕ್ಟೋ 13, 2003

Foreign Exchange Management Regulations

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001 Notification No. FEMA/ 103 /2003-RB Dated the 13th October 2003 Foreign Exchange Management (Acquisition and transfer ofimmovable property outside India)(Amendment) Regulations, 2003 In exercise of the powers conferred by clause (h) 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: FEM

ಅಕ್ಟೋ 10, 2003

FEMA 1999 - Grant of Rupee Loans to
NRI/PIO Employees of Indian Body Corporate
A.P.(DIR Series) Circular No.27 (October 10, 2003)

Reserve Bank of India Exchange Control Department Central Office Mumbai A.P.(DIR Series) Circular No.27 October 10, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, FEMA 1999 – Grant of Rupee Loans to NRI/PIO Employees of Indian Body Corporate Attention of Authorised Dealers is invited to Regulation 8 of Notification No.FEMA 4/2000 RB dated May 3, 2000, in terms of which an Authorised Dealer or a housing finance institution in India approved by the Natio

ಪಿಡಿಎಫ್ ( 10215 )

ಅಕ್ಟೋ 03, 2003

Export of Goods and Services - Export of Books on Consignment Basis
A.P.(DIR Series) Circular No.26 (Oct 3, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.26October 3, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services -Export of Books on Consignment Basis Attention of Authorised Dealers is invited to paragraph A.11 of the Annexure to A.P.(DIR Series) Circular No.12 dated September 9, 2000 in terms of which the exporters intending to export goods on elongated credit terms may su

ಪಿಡಿಎಫ್ ( 5280 )

ಅಕ್ಟೋ 03, 2003

Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Second Amendment) Regulations, 2003

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 3rd October 2003Notification No. FEMA 102/2003-RB Foreign Exchange Management (Establishment in India of branch or office or other place of business) (Second 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, th

ಪಿಡಿಎಫ್ ( 11063 )

ಅಕ್ಟೋ 03, 2003

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)(Third Amendment) Regulations, 2003

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001NOTIFICATION NO. FEMA 100 /2003-RB DATED October 3, 2003 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)(Third Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6, Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 2

ಅಕ್ಟೋ 03, 2003

Foreign Exchange Management [Withdrawal of General Permission to Overseas Corporate Bodies (OCBs)] Regulations, 2003

Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001Notification No. FEMA@@NBSP@@ 101@@NBSP@@ /2003-RB Dated October@@NBSP@@ 3rd@@NBSP@@ ,2003 Foreign Exchange Management [Withdrawal of General Permission to Overseas Corporate Bodies (OCBs)] Regulations, 2003 In exercise of the powers conferred by clauses (b), (d), (e) and (f) of sub-section (3) of Section 6 read with Section 47 of the FEMA, 1999 (42 of 1999) and all other powers available t

ಪಿಡಿಎಫ್ ( 26529 )

ಅಕ್ಟೋ 01, 2003

Import of gold against letter of authority issued by Nominated Agency
A.P.(DIR Series) Circular No. 25 (Oct 1, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No. 25October 1, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Import of gold against letter of authority issued by Nominated Agency As you are aware, under the Government’s Nominated Agency Scheme for import of gold, MMTC/ HHEC, STC & PEC, designated as nominated agency by Government and banks permitted by RBI are authorised to import gold for supp

ಸೆಪ್ಟೆಂ 27, 2003

Borrowing from Close Relatives Abroad
A.P. (DIR Series) Circular No.24 (Sept 27, 2003)

Reserve Bank of India Exchange Control Department Central Office Mumbai - 400 001 A.P. (DIR Series) Circular No.24September 27, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Borrowing from Close Relatives Abroad Attention of Authorised Dealers is invited to paragraph (iv) of the Schedule to Regulation 6 of Notification No.FEMA 3/2000-RB dated May 3, 2000 in terms of which an individual resident in India is allowed by Reserve Bank, on application, to borr

ಸೆಪ್ಟೆಂ 24, 2003

Export of Goods and Services - Payment of Claims by ECGC
A.P.(DIR Series) Circular No.22 (Sept 24, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.22September 24, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services - Payment of Claims by ECGC Attention of Authorised Dealers is invited to Paragraph C.17 of the annexure to A.P.(DIR Series) Circular No.12 dated September 9, 2000 in terms of which exporter is not absolved of the statutory obligation undertaken by him on the G

ಸೆಪ್ಟೆಂ 24, 2003

Submission of Consolidated A1/A2 Forms
A.P.(DIR Series) Circular No.23 (Sept 24, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.23September 24, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Submission of Consolidated A1/A2 FormsAs per the extant instructions, residents while making remittances exceeding USD 500 towards imports are required to apply in Form A1 and for other remittances in Form A2.2. With a view to streamlining the procedure and reducing paperwork associated wi

ಸೆಪ್ಟೆಂ 23, 2003

Foreign Exchange Management Act, 1999 -
EEFC/RFC(D) Account - Clarification
A.P. (DIR Series) Circular No.21 (Sept 23, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.21September 23, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 – EEFC/RFC(D) Account - ClarificationAttention of Authorised Dealers is invited to Regulations 4 and 5A of Notification No.FEMA 10/2000-RB dated May 3, 2000, as amended from time to time, in terms of which a person resident in India may hold, open and

ಸೆಪ್ಟೆಂ 23, 2003

Opening of Foreign Currency Account in India by Project /
Service Exporter for Execution of Contract Abroad
A.P.(DIR Series) Circular No.20 (Sept 23, 2003)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 A.P.(DIR Series) Circular No.20 September 23, 2003 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Opening of Foreign Currency Account in India by Project / Service Exporter for Execution of Contract Abroad Attention of Authorised Dealers is invited to Regulation 7(5) of Notification No.FEMA. 10/2000-RB dated May 3, 2000 relating to opening, holding and maintaining Foreign Curr

ಸೆಪ್ಟೆಂ 23, 2003

Purchase/Sale of Immovable Property by
Foreign Embassies/Diplomats/Consulate Generals
A.P. (DIR Series) Circular No.19 (Sept 23, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.19September 23, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Purchase/Sale of Immovable Property byForeignEmbassies/Diplomats/Consulate GeneralsAttention of Authorised Dealers is invited to Regulation 5 of Notification No.FEMA.21/2000-RB dated May 3, 2000 regarding acquisition of immovable property in India by a person resident outside India for ca

ಸೆಪ್ಟೆಂ 20, 2003

Remittance of Salary - Relaxation
A.P. (DIR Series) Circular No.17 (Sept 20, 2003)

Reserve Bank of India Exchange Control Department Central Office Mumbai - 400 001 A.P. (DIR Series) Circular No.17 September 20, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Remittance of Salary - Relaxation Attention of Authorised Dealers is invited to Regulation No.7(8) of the Notification No.FEMA 10/2000-RB dated May 3, 2000 as amended by the Notification No.FEMA 34/2001-RB dated January 22, 2001, in terms of which foreign nationals employed in In

ಸೆಪ್ಟೆಂ 20, 2003

Deferred Payments Protocols dated 30^th April 1981 and
23^rd December 1985 between the Government of India and erstwhile USSR
A.P.(DIR Series) Circular No.16 (Sept 20, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.16September 20, 2003ToAll Authorised Dealers in Foreign Exchange Madam / Sirs,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.89 dated March 28, 2003 wherein the rupee value of the special currency basket effective from

ಸೆಪ್ಟೆಂ 20, 2003

Foreign Currency Accounts by non-Diplomatic Staff of
Foreign Embassies in India Holding Official Passport
A.P.(DIR Series) Circular No.18 (Sept 20, 2003)

Reserve Bank of India Exchange Control Department Central office Mumbai – 400 001 A.P.(DIR Series) Circular No.18 September 20, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Foreign Currency Accounts by non-Diplomatic Staff of Foreign Embassies in India Holding Official Passport Attention of Authorised Dealers is invited to Regulation No.4(3) of Notification No.FEMA 5/2000-RB dated May 3, 2000 in terms of which diplomatic missions and diplomatic perso

ಸೆಪ್ಟೆಂ 17, 2003

Advance Remittance for Imports
A.P.(DIR Series) Circular No.15 (Sept 17, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.15September 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Advance Remittance for ImportsAttention of Authorised Dealers is invited to paragraph A.6 of the Annexure to A.P. (DIR Series) Circular No.106 dated June 19, 2003 in terms of which authorised dealers have been permitted to make advance remittance upto USD 100,000 (USD one hundred thousand

ಪಿಡಿಎಫ್ ( 8169 )

ಸೆಪ್ಟೆಂ 01, 2003

Investment by FIIs/NRIs in Exchange Traded Derivative Contracts(ETDCs)
A.P.(DIR Series) Circular No.13 (September 1, 2003)

Reserve Bank of India Exchange Control Department Central Office Mumbai – 400 001 A.P.(DIR Series) Circular No.13 September 1, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Investment by FIIs/NRIs in Exchange Traded Derivative Contracts(ETDCs) Attention of Authorised Dealers is invited to Regulation 5 of Notification No. FEMA 20/2000-RB dated 3rd May 2000 conveying permission for purchase of shares by certain persons resident outside India. 2. As part

ಆಗ 27, 2003

Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2003

[A.P.(DIR Series) Circular No.97 dated June 21, 2004] RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA.99/2003-RB dated August 27, 2003 Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2003 In 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) an

ಪಿಡಿಎಫ್ ( 8090 )

ಆಗ 27, 2003

Foreign Exchange Management (Manner of Receipt & Payments) (Amendment) Regulations, 2003

[A.P.(DIR Series) Circular No.97 dated June 21, 2004] RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001Notification No.FEMA.98/2003-RB dated August 27, 2003Foreign Exchange Management (Manner of Receipt & Payments)(Amendment) Regulations, 2003In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (Act 42 of 1999) and in partial modification of Notification No.FEMA.14/2000-RB dated May 3, 2000, the

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ಆಗ 20, 2003

Issue of shares to NRIs/OCBs on rights basis
A.P.(Dir Series) Circular No.10 (August 20, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001.A.P.(Dir Series) Circular No.10August 20, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sir,Issue of shares to NRIs/OCBs on rights basisAttention of authorised dealers is invited to sub-regulation (2) of Regulation 6 of Notification No.FEMA.20/2000-RB dated 3rd May 2000 in terms of which Indian companies are permitted to offer to a person resident outside India, equity or preferenc

ಆಗ 20, 2003

Indo-Suriname Credit Agreement
dated March 17, 2003, for USD 10 Million
A.P. (DIR Series) Circular No.11 (August 20, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001.A.P. (DIR Series) Circular No.11August 20, 2003To All Authorised Dealers in Foreign ExchangeMadam/ Sirs,Indo-Suriname Credit Agreement dated March 17, 2003, for USD 10 Million The Government of India have extended a line of credit of an amount of USD 10 million (US Dollar Ten Million only) to the Government of Suriname under a credit agreement entered into between the two Governments on March

ಆಗ 20, 2003

Export of Goods and Services
A.P. (DIR Series) Circular No.12 (Aug 20, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P. (DIR Series) Circular No.12August 20, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and ServicesAttention of authorised dealers is invited to A.P.(DIR Series) Circular No.12 dated August 28, 2002, in terms of which the facility for realisation and repatriation of full value of goods/software exported to the countries included in the list annexed to the above

ಆಗ 18, 2003

Evidence of Import - Liberalisation
A.P.(DIR Series) Circular No.9 (Aug 18, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai- 400 001 A.P.(DIR Series) Circular No.9 August 18, 2003 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Evidence of Import – Liberalisation Attention of authorised dealers is invited to paragraph A10.1(i) of the Annexure to A.P (DIR Series) Circular No.106 dated June 19, 2003 in terms of which, it is obligatory on the part of the authorised dealers making import remittance to ensure that the i

ಪಿಡಿಎಫ್ ( 5962 )

ಆಗ 16, 2003

Foreign Exchange Management Act, 1999
A.P. (DIR Series) Circular No.8 (Aug 16, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.8August 16, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999Attention of authorised dealers is invited to A.P.(DIR Series) circulars indicated in the Annexure. It was mentioned therein that necessary amendments to the Foreign Exchange Management Regulations, 2000 were being issued separately. The relevant amendment

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ಆಗ 12, 2003

Current Account Transactions - Liberalisation - Clarifications
A.P. (DIR Series) Circular No.7 (August 12, 2003)

Reserve bank of indiaExchange control departmentCentral officeMumbai 400 001A.P. (DIR Series) Circular No.7 August 12, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Current Account Transactions - Liberalisation - Clarifications Attention of Authorised dealers is invited to paragraphs 1, 2 and 3 of A.P. (DIR Series) Circular No.3 dated July 17, 2003, conveying liberalisation in the remittance facilities for employment, emigration, education, maintenance of

ಪಿಡಿಎಫ್ ( 5665 )

ಜುಲೈ 23, 2003

Resurgent India Bonds - Forward Contracts - Clarification
A.P. (DIR Series) Circular No.6 (July 23, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.6 July 23, 2003 ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Resurgent India Bonds - Forward Contracts - Clarification Attention of authorised dealers is invited to paragraph 2 of Schedule II to Notification No. FEMA 25/RB-2000 dated May 3, 2000, which lists out the exposure for which forward cover can be offered by authorised dealers to Non-Resident

ಪಿಡಿಎಫ್ ( 5317 )

ಜುಲೈ 21, 2003

Foreign Technology Collaboration - Royalty Payment - Liberalisation
A.P. (DIR Series) Circular No.5 (July 21, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai - 400 001A.P. (DIR Series) Circular No.5 July 21, 2003 ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Foreign Technology Collaboration – Royalty Payment – Liberalisation Attention of authorised dealers is drawn to the Government policy on payment of royalty under Foreign Technology Collaboration. Presently, only wholly owned subsidiaries are allowed to pay royalty to offshore parent compani

ಪಿಡಿಎಫ್ ( 5605 )

ಜುಲೈ 19, 2003

Merchanting Trade Transactions - Clarifications - Short term credit
A.P. (DIR Series) Circular No.4 (July 19, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.4July 19, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Merchanting Trade Transactions – Clarifications - Short term credit Attention of authorised dealers is invited to the provisions of A.P.(DIR Series) circular No.25 dated September 27, 2002 regarding simplification of procedure for financing imports into India by way of Suppliers' or Buyers' Cre

ಪಿಡಿಎಫ್ ( 6778 )

ಜುಲೈ 17, 2003

Current Account Transactions - Liberalisation
A.P.(DIR Series) Circular No.3 (July 17, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR Series) Circular No.3July 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Current Account Transactions - LiberalisationAttention of authorised dealers is invited to the existing limits for release of foreign exchange under Schedule III to Rule 5 of Foreign Exchange Management (Current Account Transactions) Rules, 2000 as amended from time to time. As a step towards f

ಜುಲೈ 14, 2003

Exim Bank’s Line of credit to overseas banking institutions/ financial institutions
A.P.(DIR series) Circular No.2 (July 14, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P.(DIR series) Circular No.2July 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Exim Bank’s Line of credit to overseas bankinginstitutions/ financial institutionsAttention of authorised dealers is invited to the A.P.(DIR Series) Circulars listed below, regarding Lines of Credit extended by Export Import Bank of India (EXIM Bank) to foreign institutions.Sr. No.A.P.(DIR Ser

ಜುಲೈ 08, 2003

Foreign Exchange Management (Remittance of Assets) (Second Amendment) Regulations, 2003

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI- 400 001. Notification No. FEMA. 97 /2003-RB dated July 8, 2003 Foreign Exchange Management (Remittance of Assets) (Second Amendment) Regulations, 2003 In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of Notification No. FEMA.13/2000-RB dated 3rd May 2000 and Notification No. FEMA 62/2002-RB dated 13th May 2002,

ಪಿಡಿಎಫ್ ( 9698 )

ಜುಲೈ 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

ಜುಲೈ 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

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ಜುಲೈ 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

ಪಿಡಿಎಫ್ ( 7829 )

ಜೂನ್ 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

ಜೂನ್ 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

ಜೂನ್ 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

ಪಿಡಿಎಫ್ ( 37502 )

ಜೂನ್ 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

ಜೂನ್ 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

ಪಿಡಿಎಫ್ ( 9756 )

ಜೂನ್ 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

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ಜೂನ್ 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

ಪಿಡಿಎಫ್ ( 10935 )

ಮೇ 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)

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ಮೇ 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

ಮೇ 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

ಪಿಡಿಎಫ್ ( 5602 )

ಮೇ 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

ಪಿಡಿಎಫ್ ( 5223 )

ಮೇ 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

ಪಿಡಿಎಫ್ ( 6608 )

ಮೇ 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

ಪಿಡಿಎಫ್ ( 5537 )

ಏಪ್ರಿ 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

ಪಿಡಿಎಫ್ ( 14513 )

ಏಪ್ರಿ 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

ಏಪ್ರಿ 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

ಪಿಡಿಎಫ್ ( 9268 )

ಏಪ್ರಿ 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

ಏಪ್ರಿ 26, 2003

Foreign Exchange Management Act, 1999 -
Providing housing loan in rupees to NRIs/PIOs
A.P. (DIR Series) Circular No.95 (April 26, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.95April 26, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 -Providing housing loan in rupees to NRIs/PIOsAttention of authorised dealers is invited to Regulation 8 of Notification No.FEMA 4/2000-RB dated May 3, 2000, in terms of which an authorised dealer or a housing finance institution in India approved by the Na

ಏಪ್ರಿ 05, 2003

Booking of Forward Contracts Based on Past Performance
A.P.(DIR Series) Circular No.93 (April 5, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OffficeMumbai - 400 001A.P.(DIR Series) Circular No.93 April 5, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Booking of Forward Contracts Based on Past Performance Attention of authorised dealers is invited to circular No.EC.CO.FMD/ 453/02.03.75/2001-02 dated December 1, 2001 and paragraph 3 of A.P.(DIR Series) Circular No.63 dated December 21, 2002 on the captioned subject. Authorised dealers are p

ಏಪ್ರಿ 04, 2003

Risk Management and Inter-Bank Dealings
A.P. (DIR Series) Circular No.92 (April 4, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400001A.P. (DIR Series) Circular No.92April 4, 2003ToAll Authorised Dealers in Foreign ExchangeDear Madam/Sirs,Risk Management and Inter-Bank DealingsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.19 dated January 24, 2002 and various amendments issued on the captioned subject from time to time.2. Instructions pertaining to forward exchange cover, other derivative product

ಏಪ್ರಿ 01, 2003

Export of Goods and Services - Facilities to Units in Special Economic Zones (SEZs)
A.P.(DIR Series) Circular No.91 (April 1, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.91 April 1, 2003ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and Services - Facilities to Units in Special Economic Zones (SEZs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.28 dated March 30, 2001 and subsequent circulars issued extending various facilities to units in Special Economic Zones. It has been de

ಏಪ್ರಿ 01, 2003

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2003

Reserve Bank of India Exchange Control Departemnt Central Office Mumbai-400 001 Notification No.FEMA.88/2003-RB April 1, 2003 Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2003 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, 2

ಮಾರ್ಚ್ 29, 2003

Risk Management and Inter Bank Dealings
A.P. (DIR Series) Circular No.90 (March 29, 2003)

Reserve Bank of India Exchange Control DepartmentCentral OfficeMumbai 400001A.P. (DIR Series) Circular No.90 March 29, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Risk Management and Inter Bank DealingsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.63 dated December 21, 2002. 2. It is advised that the relaxations/facilities referred to therein will continue until further notice.3. The directions contained in this circular ha

ಪಿಡಿಎಫ್ ( 4791 )

ಮಾರ್ಚ್ 28, 2003

Deferred Payments Protocols dated 30^th April 1981 and
23^rd December 1985 between the Government of India and erstwhile USSR
A.P. (DIR Series) Circular No.89 (March 28, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.89 March 28, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Deferred Payments Protocols dated 30th April 1981 and23rd December 1985 between the Government of India and erstwhile USSRAttention of authorised dealers is invited to AP (DIR Series) Circular No.4 dated July 9, 2002 wherein the rupee value of the special currency basket effective from June

ಪಿಡಿಎಫ್ ( 5409 )

ಮಾರ್ಚ್ 27, 2003

Guidelines for prepayment of Foreign Currency
Convertible Bond (FCCB) Issues by Indian companies
A.P.(DIR Series) Circular No.88 (March 27, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbaiA.P.(DIR Series) Circular No.88 March 27, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Guidelines for prepayment of Foreign CurrencyConvertible Bond (FCCB) Issues by Indian companiesAttention of authorised dealers is invited to A.P.(DIR Series) Circular No.29 dated March 11, 2002 allowing an Indian company or a body corporate, created by an Act of Parliament, to issue FCCBs under the aut

ಪಿಡಿಎಫ್ ( 9296 )

ಮಾರ್ಚ್ 20, 2003

International Seminar/Conference/Convention etc.
in India - Temporary Foreign Currency Accounts
A.P.(DIR Series) Circular No.87 (March 20, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbaiA.P.(DIR Series) Circular No.87March 20, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,International Seminar/Conference/Convention etc.in India - Temporary Foreign Currency AccountsAttention of authorised dealers is invited to Notification No.FEMA 10/2000-RB dated 3rd May 2000 viz. the Foreign Exchange Management (Foreign Currency Accounts by person resident in India) regulation 200

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ಮಾರ್ಚ್ 20, 2003

Foreign Exchange Management (Foreign Currency Account by a Person Resident in India)(Amendment) Regulations, 2003

Reserve Bank of India (Exchange Control Department) Central Office Mumbai 400 001 Notification No.FEMA.87 / 2003-RB dated March 20, 2003 Foreign Exchange Management (Foreign Currency Account by a Person Resident in India)(Amendment) Regulations, 2003 In 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 Indi

ಪಿಡಿಎಫ್ ( 8216 )

ಮಾರ್ಚ್ 13, 2003

Introduction of Foreign currency-Rupee Options

Reserve Bank of IndiaExchange Control DepartmentIntroduction of Foreign currency-Rupee OptionsA draft circular on " Foreign currency-Rupee Options " is annexed herewith. Authorised Dealers may forward their comments to the Chief General Manager, Exchange Control Department. Forex Markets Division, Reserve Bank of India, Central Office, Mumbai 400 001, by FAX (022- 22611427), by 20th March 2003.A.RajalakshmiAsst. General ManagerDraft Circular for Comments Reserve Bank

ಪಿಡಿಎಫ್ ( 13522 )

ಮಾರ್ಚ್ 04, 2003

Exim Bank’s Line of Credit of US$ 5 Million to
Seychelles Marketing Board (SMB)
A.P. (DIR Series) Circular No.86 (March 4, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.86March 4, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/ Sirs,Exim Bank’s Line of Credit of US$ 5 Millionto Seychelles Marketing Board (SMB) Export-Import Bank of India (Exim Bank) has concluded an agreement with Seychelles Marketing Board on November 25, 2002 making available to the latter, a line of credit (LOC) up to an aggregate sum of USD 5 million (

ಪಿಡಿಎಫ್ ( 15455 )

ಮಾರ್ಚ್ 04, 2003

Indo-Cambodia Credit Agreement dated
November 6, 2002 for USD 10 Million
A.P.(DIR Series) Circular No.85 (March 4, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.85March 4, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Indo-Cambodia Credit Agreement dated November 6, 2002 for USD 10 Million The Government of India have extended a line of credit of USD 10 million (US Dollar Ten Million only) to the Royal Government of Cambodia under a credit agreement entered into, between the two Governments on November 6, 20

ಮಾರ್ಚ್ 03, 2003

Import of goods - Establishment of stand-by
Letters of Credit
A.P.(DIR Series) Circular No.84 (March 3, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001March 3, 2003A.P.(DIR Series) Circular No.84To All Authorised Dealers in Foreign Exchange Madam/SirsImport of goods – Establishment of stand-byLetters of CreditAttention of authorised dealers is invited to paragraph 3 of A.P.(DIR Series) Circular No.9 dated August 13, 2002, in terms of which authorised dealers have been permitted to open stand-by Letters of Credit on behalf of their constitu

ಪಿಡಿಎಫ್ ( 5390 )

ಮಾರ್ಚ್ 01, 2003

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2003

RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA.86/2003-RB Dated the March 1, 2003 Foreign Exchange Management (Transfer or Issue of anyForeign Security) (Amendment) Regulations, 2003 In exercise of the powers conferred by clause (a) 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.19/RB-

ಮಾರ್ಚ್ 01, 2003

External Commercial Borrowings (ECBs) - Prepayment
A.P.(DIR Series) Circular No.82 (March 01, 2003)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 A.P.(DIR Series) Circular No.82 March 1, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sir, External Commercial Borrowings (ECBs) – Prepayment Attention of Authorised Dealers is invited to A.P.(DIR Series) Circular No.22 dated September 17, 2002 in terms of which automatic route for prepayment of ECBs was liberalised and made available to all category of borrowers without any co

ಪಿಡಿಎಫ್ ( 6992 )

ಫೆಬ್ರವರಿ 27, 2003

Indo-Lao Credit Agreement dated November 6, 2002, for USD 10 Million
A.P. (DIR Series) Circular No.81 (February 27, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001February 27, 2003A.P. (DIR Series) Circular No.81 ToAll Authorised Dealers in Foreign ExchangeMadam/ Sirs,Indo-Lao Credit Agreement dated November 6, 2002, for USD 10 Million The Government of India have extended a line of credit of an amount of USD 10 million (US Dollar Ten Million only) to the Government of the Lao People’s Democratic Republic under a credit agreement entered into between th

ಫೆಬ್ರವರಿ 18, 2003

Exim Bank’s Line of Credit of
USD 25 Million to Vneshtorgbank, Russia
A.P. (DIR Series) Circular No.80 (February 18, 2003)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P. (DIR Series) Circular No.80 February 18, 2003 To All Authorised Dealers in Foreign Exchange Madam/ Sirs, Exim Bank’s Line of Credit of USD 25 Million to Vneshtorgbank, Russia Export-Import Bank of India (Exim Bank) has concluded an agreement with Vneshtorgbank, Russia (Bank for Foreign Trade, Russia) on July 3, 2002 making available to the latter, a line of credit (LOC) up to an aggre

ಫೆಬ್ರವರಿ 17, 2003

Release of Exchange for Private Travel
A.P. (DIR Series) Circular No.79 (February 17, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai- 400 001A.P. (DIR Series) Circular No.79February 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Release of Exchange for Private Travel Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.31 dated October 18, 2002 annexing thereto particulars of the Nodal Officers of Reserve Bank nominated at Regional Offices for dealing with applications for release of exchang

ಫೆಬ್ರವರಿ 14, 2003

Exchange Earners’ Foreign Currency (EEFC) Account Scheme
A.P. (DIR Series) Circular No.78 (February 14, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.78February 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Exchange Earners’ Foreign Currency (EEFC) Account SchemeAttention of authorised dealers is invited to para 3(iv) of Schedule to Notification No.FEMA.10/2000-RB dated 3rd May 2000. Exporters are presently permitted to grant trade related loans/advances not exceeding USD 3 million from their E