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मार्च 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

मार्च 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

पीडीएफ ( 5390 )

मार्च 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-

मार्च 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

पीडीएफ ( 6992 )

फेब्रु 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

फेब्रु 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

फेब्रु 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

फेब्रु 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

फेब्रु 10, 2003

Current Account Transactions -
Remittance for Advertisement on Foreign Television
A.P.(DIR Series) Circular No.77 (February 10, 2003)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001A.P.(DIR Series) Circular No.77February 10, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Current Account Transactions –Remittance for Advertisement on Foreign Television Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.44 dated May 14, 2002, regarding approval for remittances for advertisement on foreign television. In terms of para 2 of the circular,

फेब्रु 03, 2003

R-Return and Guide to Authorised Dealers for
Compilation of R Returns - Submission of
documents/statements/schedules - Discontinuation
A.P.(DIR Series) Circular No.76 (February 3, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001February 3, 2003A.P.(DIR Series) Circular No.76ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,R-Return and Guide to Authorised Dealers forCompilation of R Returns - Submission ofdocuments/statements/schedules – Discontinuation Attention of all authorised dealers is invited to paragraph 3 of A.D. (M.A. Series) Circular No.11 dated May 16, 2000 read with paragraph 15 of Annexure (viz. Gu

पीडीएफ ( 7812 )

फेब्रु 03, 2003

Sponsored ADRs/GDRs - Receipt of Disinvestment proceeds
A.P. (DIR Series) Circular No.75 (February 3, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001February 3, 2003A.P. (DIR Series) Circular No.75ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Sponsored ADRs/GDRs- Receipt of Disinvestment proceeds Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.52 dated November 23, 2002 and Notification No. FEMA 41/2001-RB dated March 3, 2001, in terms of which Indian companies are permitted to sponsor an issue of Ame

जाने 24, 2003

Foreign Exchange Management Act, 1999 - Current Account Transactions - Use of International Credit Cards abroad
A.P.(DIR Series) Circular No.73 (January 24, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001January 24, 2003A.P.(DIR Series) Circular No.73 ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Foreign Exchange Management Act, 1999 – Current Account Transactions – Use of International Credit Cards abroad Attention of authorised dealers is invited to the Government of India Notification No.G.S.R.381(E) dated 3rd May 2000, notifying the Foreign Exchange Management (Current Account Tran

जाने 17, 2003

Foreign Exchange Management (Insurance)
Regulations, 2000 - Life Insurance Memorandum (LIM)
A.P.(DIR Series) Circular No.72 (January 17, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001January 17, 2003A.P.(DIR Series) Circular No.72 ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Foreign Exchange Management (Insurance) Regulations, 2000 - Life Insurance Memorandum (LIM)Attention of authorised dealers is invited to the Notification No.FEMA 12/2000-RB dated May 3, 2000 viz., Foreign Exchange Management (Insurance) Regulations, 2000. The Memorandum of Exchange Control Reg

जाने 17, 2003

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

Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001 Notification No. FEMA 85/2003-RB dated January 17, 2003 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)(First 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.FEM

पीडीएफ ( 8401 )

जाने 15, 2003

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

Reserve Bank of India Exchange Control Departemnt Central Office Mumbai-400 001 Notification No.FEMA.79/2002-RB January 15, 2003 Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Seventh 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

पीडीएफ ( 8186 )

जाने 13, 2003

Facilities to NRIs/PIOs and Foreign Nationals - Liberalisation
A.P. (DIR Series) Circular No.67 (January 13, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai- 400 001January 13, 2003A.P. (DIR Series) Circular No.67ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Facilities to NRIs/PIOs and Foreign Nationals - LiberalisationA. Facilities to NRIs/PIOs Attention of authorised dealers is invited to the following AP (DIR Series) Circulars on the subject :(i) AP(DIR Series) Circular No.1 dated July 2, 2002.(ii) AP(DIR Series) Circular No.19 dated September

जाने 13, 2003

Overseas Investments
A.P. (DIR Series) Circular No.66 (January 13, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001January 13, 2003A.P. (DIR Series) Circular No.66ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Overseas Investments Attention 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 3rd May 2000 as amended from time to time. 2. At present residen

पीडीएफ ( 10512 )

जाने 13, 2003

External Commercial Borrowings - Parking of funds abroad
A.P.(DIR Series) Circular No.70 (January 13, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001January 13, 2003A.P.(DIR Series) Circular No.70 ToAll Authorised Dealers in Foreign Exchange Madam/Sir,External Commercial Borrowings - Parking of funds abroadAuthorised dealers are aware that corporates raising External Commercial Borrowings (ECBs) are required to bring the funds to India in terms of para 15(A) of the Guidelines on Policies & Procedures for ECBs 1999-2000 issued by Gove

जाने 13, 2003

Acquisition of immovable property outside India-
Branches/trading offices overseas
A.P. (DIR Series) Circular No.71 (January 13, 2003)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.71January 13, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sir,Acquisition of immovable property outside India-Branches/trading offices overseas In terms of Regulation 3 of Notification No.FEMA7/2000-RB dated May 3, 2000 no person resident in India shall acquire or transfer any immovable property outside India without general or special permission of Res

जाने 13, 2003

Acquisition of Foreign Securities by Resident Individual under ESOP Scheme
A.P. (DIR Series) Circular No.68 (January 13, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai- 400 001January 13, 2003A.P. (DIR Series) Circular No.68 ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Acquisition of Foreign Securities by Resident Individual under ESOP Scheme Attention of authorised dealers is invited to the Regulation 19 of Notification No.FEMA.19/2000-RB dated May 3, 2000 and AP (DIR Series) Circular No.32 dated April 28, 2001 read with A.P. (DIR Series) Circular No.16 d

जाने 13, 2003

Retention of Proceeds of ADRs/GDRs abroad
A.P. (DIR Series) Circular No.69 (January 13, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai- 400 001January 13, 2003A.P. (DIR Series) Circular No.69 ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Retention of Proceeds of ADRs/GDRs abroad Attention of authorised dealers is invited to Clause (4) of Regulation 4 of Schedule I to Notification No.FEMA.20/2000-RB dated May 3, 2000, in terms of which, Indian companies issuing shares to overseas depository for the purpose of issuing ADRs/GDR

जाने 10, 2003

Foreign Exchange Management (Second Amendment) Regulations, 2003

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFFICE MUMBAI-400 001 Notification No.FEMA.82/2003-RB Dated the January 10, 2003 Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Second Amendment) Regulations, 2003 In exercise of the powers conferred by clause (d) 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.FE

जाने 08, 2003

Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2003

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 NOTIFICATION No.FEMA. 80 /2003-RB January 8, 2003 Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2003 In exercise of the powers conferred by clause (d) 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.3/2000-RB

पीडीएफ ( 8114 )

जाने 08, 2003

Foreign Exchange Management Regulations, 2003

Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001 Notification No. FEMA. 81/2003-RB Dated the January 8, 2003 Foreign Exchange Management (Foreign exchange derivative contracts) (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, 2000, t

जाने 06, 2003

Foreign Exchange Management Act, 1999 -
Advance Remittances for Services to be Rendered
A.P. (DIR Series) Circular No.65 (January 6, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001A.P. (DIR Series) Circular No.65January 6, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 –Advance Remittances for Services to be Rendered Attention of authorised dealers is invited to paragraph 5 of A.P. (DIR Series) Circular No.19 dated October 30, 2000 in terms of which authorised dealers are required to obtain a bank guarantee from a bank

पीडीएफ ( 5790 )

डिसें 24, 2002

Resident Foreign Currency (Domestic) Account -Facility for Resident Individuals
A.P.(DIR Series) Circular No.64 (December 24, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001December 24, 2002A.P.(DIR Series) Circular No.64 ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Resident Foreign Currency (Domestic) Account –Facility for Resident IndividualsAttention of authorised dealers is invited to A.P.(DIR Series) Circular No.53 dated November 23, 2002 and Notification No.FEMA.74/2002-RB dated November 1, 2002, in terms of which residents are permitted to open, h

डिसें 21, 2002

Risk Management and Inter Bank Dealings
A.P.(DIR Series) Circular No.63 (December 21, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001December 21, 2002A.P.(DIR Series) Circular No.63ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Risk Management and Inter Bank Dealings Attention of Authorised dealers is invited to A.P.(DIR Series) Circular No.19 dated January 24, 2002 and subsequent amendments referred to in the following paragraphs. It has been decided to permit the following further relaxations: 1. Foreign currency-r

पीडीएफ ( 14278 )

डिसें 17, 2002

Exchange Earners' Foreign Currency (EEFC) Account Scheme
A.P. (DIR Series) Circular No.62 (December 17, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001December 17, 2002A.P. (DIR Series) Circular No.62ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Exchange Earners' Foreign Currency (EEFC) Account Scheme Attention of authorised dealers is invited to sub-paragraph No.1(A)(ii) of the Schedule to the Reserve Bank Notification No.FEMA 10/2000-RB dated 3rd May 2000 as amended from time to time, in terms of which payments received in forei

पीडीएफ ( 5660 )

डिसें 14, 2002

"Write-off" of unrealised export bills-Surrender of export incentives
A.P.(DIR Series) Circular No.61(December 14, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 December 14, 2002A.P.(DIR Series) Circular No.61ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,"Write-off" of unrealised export bills-Surrender of export incentivesAttention of authorised dealers is invited to paragraph C.18 of A.P (DIR Series) Circular No.12 dated September 9, 2000 in terms of which they have been permitted to allow "write-off" of unrealised export dues and A.P. (DIR

पीडीएफ ( 7258 )

डिसें 10, 2002

Full convertibility of Deposit Schemes -
NRNR/NRSR Accounts- Clarifications
A.P. (DIR Series) Circular No.60 (Dec 10, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P. (DIR Series) Circular No.60December 10, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Full convertibility of Deposit Schemes – NRNR/NRSR Accounts- Clarifications Attention of authorised dealers is invited to A.P(DIR Series) Circular No.28 dated March 4, 2002 and clarifications issued from time to time on the subject.2. Our clarifications to the queries from authorised dealers

पीडीएफ ( 7933 )

डिसें 09, 2002

Issue of International Credit Cards to Non-
Resident Indians (NRIs)/Persons of Indian Origin (PIOs)
A.P. (DIR Series) Circular No.59 (Dec 9, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.59December 9, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of International Credit Cards to Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.53 dated June 27, 2002 relating to the use of International Credit Cards (ICCs) and the subsequent clarification issued

पीडीएफ ( 5732 )

नोव्हें 27, 2002

Evidence of Import
A.P. (DIR Series) Circular No.57 (November 27, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.57November 27, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Evidence of ImportAttention of all authorised dealers is invited to paragraph 3 of the AP (DIR Series) Circular No. 15 dated September 9, 2002 in terms of which in cases of imports into India where the amount of foreign exchange remitted is less than USD 1,00,000 or its equivalent, authorise

पीडीएफ ( 7298 )

नोव्हें 27, 2002

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

Reserve Bank of India Exchange Control Departemnt Central Office Mumbai-400 001 Notification No.FEMA.78/2002-RB November 27, 2002 Foreign Exchange Management (Deposit) (Amendment) Regulations, 2002 In exercise of the powers conferred by clause (f) 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 5/2000-RB dated 3rd May, 2000, the Reserve

पीडीएफ ( 8014 )

नोव्हें 26, 2002

Income Tax Clearance Certificate/No Objection Certificate
from Income Tax Authorities - Revision of format of
undertaking and certificate
A.P. (DIR Series) Circular No.56 (November 26, 2002)

Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.56November 26, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Income Tax Clearance Certificate/No Objection Certificate from Income Tax Authorities – Revision of format of undertaking and certificate Attention of authorised dealers is invited to A.P.(DIR Series) Circular No.27 dated September 28, 2002 enclosing therewith a copy of the Government’s circ

पीडीएफ ( 14313 )

नोव्हें 25, 2002

Remittance of Foreign Exchange for Miscellaneous purposes
A.P. (DIR Series) Circular No.54 (November 25, 2002)

Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.54 November 25, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Remittance of Foreign Exchange for Miscellaneous purposesAttention of authorised dealers is invited to paragraph 3 of A.D. (M.A. Series) Circular No.11 dated May 16, 2000, advising them to be guided by the provisions of Exchange Control Manual (1993 edition) regarding matters listed in Anne

पीडीएफ ( 11670 )

नोव्हें 23, 2002

Resident Foreign Currency (Domestic)
Account - Facility for Resident Individuals
A.P. (DIR Series) Circular No.53 (November 23, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral Office, Mumbai 400 001A.P. (DIR Series) Circular No.53November 23, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Resident Foreign Currency (Domestic)Account - Facility for Resident IndividualsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.37 dated November 1, 2002 in terms of which, pending publication of the Notification by the Government, they are required to forward th

पीडीएफ ( 9779 )

नोव्हें 23, 2002

ADR/GDR/FCCB Issues
A.P. (DIR Series) Circular No.52 (November 23, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001@@NBSP@@A.P. (DIR Series) Circular No.52November 23, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Dear Sirs,ADR/GDR/FCCB Issues Attention of the authorised dealers is invited to A.P.(DIR Series) Circular No.21 dated February 13, 2002 enclosing therewith a copy of the Notification No. FEMA 41/2001-RB dated March 2, 2001. In terms of Regulation 4B of the said Notification, an Indian com

पीडीएफ ( 13715 )

नोव्हें 16, 2002

Forward Cover for Foreign Institutional Investors
A.P. (DIR Series) Circular No.50 (November 16, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.50 November 16, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Forward Cover for Foreign Institutional Investors Attention of authorised dealers is invited to Regulation 5 of Notification No.FEMA.25/RB-2000 dated May 3, 2000. In terms of paragraph 1(b) of Schedule II to the Notification, a registered Foreign Institutional Investor (FII) has been permi

पीडीएफ ( 6995 )

नोव्हें 16, 2002

Foreign Exchange Management Act, 1999 - Advance Remittances for Imports
A.P. (DIR Series) Circular No.49 (November 16, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series)Circular No.49November 16, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 –Advance Remittances for Imports Attention of authorised dealers is invited to para A.11 of the Annexure to A.P.(DIR Series) Circular No.9 dated August 24, 2000, in terms of which authorised dealers have been permitted to make advance remittances for impo

पीडीएफ ( 5607 )

नोव्हें 16, 2002

Investment in Overseas Market
A.P. (DIR Series) Circular No.48 (November 16, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.48 November 16, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment in Overseas Market Attention of authorised dealers is invited to paragraph 2 of A.P. (DIR Series) Circular No. 40 dated April 29, 2002, in terms which banks have been permitted to invest upto 25 per cent of their unimpaired Tier 1 capital or USD 10 million whichever was higher i

पीडीएफ ( 5323 )

नोव्हें 12, 2002

Exim Bank's Line of Credit of US$ 10 Million
to Eastern and Southern African Trade and
Development Bank (PTA Bank)
A.P. (DIR Series) Circular No.47 (November 12, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P. (DIR Series) Circular No.47November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Exim Bank's Line of Credit of US$ 10 Millionto Eastern and Southern African Trade andDevelopment Bank (PTA Bank) Export Import Bank of India (Exim Bank) has concluded an agreement with Eastern and Southern African Trade and Development Bank (PTA Bank) on August 2, 2002, making available t

पीडीएफ ( 18876 )

नोव्हें 12, 2002

Memorandum of Instructions to Authorised Money Changers (AMCs)
A.P.(DIR Series) Circular No.43 (November 12, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001November 12, 2002A.P.(DIR Series) Circular No.43 A.P.(FL/RL Series) Circular No.1ToAll Authorised Persons in Foreign ExchangeMadam / Sirs,Memorandum of Instructions to Authorised Money Changers (AMCs)Attention of the Full Fledged Money Changers (FFMCs) and Restricted Money Changers (RMCs) is invited to the Memorandum FLM and Memorandum RLM containing the procedural instructions issued to FFMCs

पीडीएफ ( 29152 )

नोव्हें 12, 2002

Refund of purchase consideration on account of non-allotment
of flats/plots/cancellation of bookings/deals in respect of
immovable property purchased by NRIs/PIOs in India
A.P. (DIR Series) Circular No.46 (November 12, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.46November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam / Sirs,Refund of purchase consideration on account of non-allotment of flats/plots/cancellation of bookings/deals in respect of immovable property purchased by NRIs/PIOs in India Attention of authorised dealers is invited to paragraph 3 (i) of Schedule 1 to Reserve Bank of India. Notification No

पीडीएफ ( 8327 )

नोव्हें 12, 2002

Commodity Hedging by Entities in the Special Economic Zones
A.P.(DIR Series)Circular No.44 (November 12, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001A.P.(DIR Series)Circular No.44November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Commodity Hedging by Entities in the Special Economic Zones Attention of authorised dealers is invited to paragraph 6 of Notification No.FEMA25/RB-2000 dated 3rd May, 2000 and paragraph A.6(i) Part A of the enclosure to A.P. DIR(Series) Circular No.19 dated January 24, 2002.2. The Notificatio

पीडीएफ ( 10819 )

नोव्हें 12, 2002

Repatriation of refund of funds received for purchase of shares
A.P. (DIR Series) Circular No.45 (November 12, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.45November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Repatriation of refund of funds received for purchase of shares Under the current exchange control regulations authorised dealers require prior permission of the Reserve Bank to allow repatriation of funds received for purchase of shares. 2. It has now been decided to delegate the authority

पीडीएफ ( 7652 )

नोव्हें 12, 2002

Investment in Overseas Markets
A.P. (DIR Series) Circular No.42 (November 12, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.42November 12, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment in Overseas Markets Attention of authorised dealers is invited to Paragraph 2 of AP(DIR Series) Circular No.38 dated November 2, 2002 on the above subject. We advise that credit ratings of securities for investment of undeployed FCNR(B) funds may be amended to read as AA(-) by Sta

पीडीएफ ( 4974 )

नोव्हें 12, 2002

Foreign Exchange Management (Transfer or Issue of
Security by a Person Resident outside India) (Second Amendment)
Regulations, 2002

Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001 Notification No. FEMA/76 /2002-RB dated 12th November 2002 Foreign Exchange Management ( Transfer or Issue of Security by a Person Resident outside India)( Second Amendment) Regulations, 2002 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

नोव्हें 08, 2002

Issue of Corporate Guarantee
in lieu of Bid Bond Guarantee
A.P.(DIR Series) Circular No.41 (November 8, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAIA.P.(DIR Series) Circular No.41 November 8, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of Corporate Guaranteein lieu of Bid Bond GuaranteeAttention of authorised dealers is invited to Regulation 5 of the Notification No.FEMA.8/2000-RB dated May 3, 2000 in terms of which a person other than authorised dealer is permitted to give a guarantee in certain types of cases. 2. Reserve Ba

पीडीएफ ( 8563 )

नोव्हें 05, 2002

Issue of International Credit Cards to Non-
Resident Indians (NRIs)/Persons of Indian Origin (PIOs)
A.P. (DIR Series) Circular No.40 (November 5, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001November 5, 2002A.P. (DIR Series) Circular No.40ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of International Credit Cards to Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.53 dated June 27, 2002 relating to the use of International Credit Cards (ICCs).2. It is clarified that authorised deal

पीडीएफ ( 5615 )

नोव्हें 05, 2002

Investment by NRIs/OCBs in Non-Convertible
Debentures - Redemption thereof
A.P. (Dir Series) Circular No.39 (November 5 , 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 November 5 , 2002A.P. (Dir Series) Circular No.39 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment by NRIs/OCBs in Non-Convertible Debentures – Redemption thereof Authorised Dealers are aware that Indian companies were being permitted under FERA,1973 ( since repealed) to issue non-convertible debentures (NCDs) to NRIs/OCBs . While granting such permission to the Indian compan

पीडीएफ ( 7528 )

नोव्हें 02, 2002

Investment in Overseas Markets
A.P.(DIR Series) Circular No.38 ( November 2, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral officeMumbai-400 001November 2, 2002A.P.(DIR Series) Circular No.38 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment in Overseas Markets Attention of authorised dealers is invited to item (i) of paragraph 3 of A.P. (DIR Series) Circular No.40 dated April 29, 2002 in terms of which authorised dealers have been permitted to invest the undeployed FCNR(B) funds in overseas markets in long-term fixed

पीडीएफ ( 5588 )

नोव्हें 01, 2002

Resident Foreign Currency (Domestic) Account - Facility for Resident Individuals
A.P. (DIR Series) Circular No.37 (November 1, 2002)

Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No. 37November 1, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Resident Foreign Currency (Domestic) Account - Facility for Resident IndividualsAuthorised Dealers are aware that in terms of Regulation 3(iii) of RBI Notification No.FEMA.11/ 2000-RB dated 3rd May, 2000, residents are allowed to retain up to US$ 2000 or its equivalent in aggregate, provided

पीडीएफ ( 8335 )

नोव्हें 01, 2002

Lifting of lock-in period for repatriation of sale
proceeds of immovable property situated in India
A.P. (DIR Series) Circular No.35 (November 1, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001November 1, 2002A.P. (DIR Series) Circular No.35ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Lifting of lock-in period for repatriation of saleproceeds of immovable property situated in IndiaAttention of authorised dealers is invited to Regulation 6 (b) (ii) of Reserve Bank Notification No. FEMA 21/2000-RB dated May 3, 2000 in terms of which authorised dealers have been permitted to

पीडीएफ ( 6171 )

नोव्हें 01, 2002

Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Second Amendment) Regulations, 2002

Reserve Bank Of India Exchange Control Department Central Office Mumbai 400 001. Notification No.FEMA/ 75 /2002-RB November 1, 2002 In exercise of the powers conferred by clause (d) 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 3/2000-RB dated May 3, 2000, as amended from time to time, the Reserve Bank of India makes the following amend

पीडीएफ ( 21743 )

ऑक्टो 31, 2002

Exchange Earners' Foreign Currency (EEFC) Account Scheme
A.P. (DIR Series) Circular No.34 (October 31, 2002)

Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No. 34October 31, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Exchange Earners' Foreign Currency (EEFC) Account SchemeIn terms of IECD Circular No. 9 /04.02.02/ 2002-03 of date Reserve Bank has liberalised the facility for liquidation of Rupee Packing Credit and Pre-shipment Credit in foreign currency by permitting repayment of such advances by exporter

पीडीएफ ( 5344 )

ऑक्टो 23, 2002

Export of Goods and Services
A.P. (DIR Series) Circular No.33 (October 23, 2002)

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

पीडीएफ ( 8116 )

ऑक्टो 21, 2002

Cross-currency Derivative Products - Submission of Report
A.P.(DIR Series) Circular No.32 (October 21, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P.(DIR Series) Circular No.32October 21 , 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Cross-currency Derivative Products - Submission of Report Attention of authorised dealers is invited to paragraph A4(iii) of Part-A, Section-I of A.P. (DIR Series) Circular No.19 dated January 24, 2002 in terms of which they are required to forward reports containing full details of transacti

पीडीएफ ( 6333 )

ऑक्टो 18, 2002

Release of Exchange for Private Travel
A.P. (DIR Series) Circular No.31 (October 18, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001October 18, 2002A.P. (DIR Series) Circular No.31 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Release of Exchange for Private TravelIn terms of Item 2 of Schedule III to the Government of India’s Notification No.G.S.R. 381(E) dated May 3, 2000, authorised dealers (ADs) are required to obtain prior permission of the Reserve Bank to release foreign exchange exceeding USD 5,000 in one c

पीडीएफ ( 16205 )

ऑक्टो 10, 2002

Indo-Sri Lanka Credit Agreement dated
July 3, 2002, for US$ 31 Million
A.P. (DIR Series) Circular No.29 (October 10, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001@@NBSP@@A.P.(DIR Series)Circular No.29October 10, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Indo-Sri Lanka Credit Agreement datedJuly 3, 2002, for US$ 31 MillionThe Government of India have extended a line of credit of US$ 31 million (U.S.Dollar Thirtyone million only) to the Government of the Democratic Socialist Republic of Sri Lanka under a credit agreement entered into b

पीडीएफ ( 8948 )

ऑक्टो 03, 2002

Opening, holding and maintaining Foreign Currency Account in India by Unit in Special Economic Zones (SEZs)
A.P. (DIR Series) Circular No.28 (October 3, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.28October 3, 2002To,All Authorised Dealers in Foreign ExchangeMadam/Sirs,Opening, holding and maintaining Foreign Currency Account in India by Unit in Special Economic Zones (SEZs) Attention of authorised dealers is invited to Notification No.FEMA.37/2001-RB dated February 27, 2001 relating to Foreign Exchange Management (Foreign Currency Account by a Person Resid

पीडीएफ ( 10821 )

सप्टें 28, 2002

Income Tax Clearance Certificate/No Objection Certificate
A.P. (DIR Series) Circular No.27 (September 28, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.27 September 28, 2002To, All Authorised Dealers in Foreign ExchangeMadam/Sirs,Income Tax Clearance Certificate/No Objection Certificate Attention of Authorised Dealers is invited to the Notification F.No.500/152/96-FID dated November 18, 1997, issued by the Central Board of Direct Taxes (copy enclosed) in terms of which a person making remittance of foreign exchan

पीडीएफ ( 7414 )

सप्टें 28, 2002

A.P. (DIR Series) Circular No.26 (September 28, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.26September 28, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs, (a) Remittance of Current Income by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) – No Objection Certificate (b) Repatriation of NRNR Deposits Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No. 45 dated May 14, 2002, in terms of which A.Ds may allow

पीडीएफ ( 7348 )

सप्टें 27, 2002

Imports into India - Short term credit
A.P.(DIR Series) Circular No.25 (September 27, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAIA.P.(DIR Series) Circular No.25September 27, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Imports into India - Short term credit Attention of authorised dealers is invited to the directions contained in paragraphs A.12 and A.13 of the AP(DIR Series) Circular No. 9 dated August 24, 2000, and the provisions contained in paragraph 4(i) of Schedule to the Reserve Bank Notification No. FEMA3

पीडीएफ ( 9275 )

सप्टें 25, 2002

Foreign Currency Loans in India to holders of FCNR(B) Deposits
A.P. (DIR Series) Circular No.24 (Sep. 25, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.24September 25, 2002 ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Foreign Currency Loans in India to holders of FCNR(B) Deposits Attention of authorised dealers is invited to sub-regulation 1(v) of regulation 4 of Reserve Bank Notification No.FEMA.3/2000-RB dated May 3, 2000 in terms of which a branch outside India of an authorised dealer is empowere

पीडीएफ ( 9212 )

सप्टें 17, 2002

External Commercial Borrowings (ECBs)
A.P.(DIR Series) Circular No.23 (September 17, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.23September 17, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,External Commercial Borrowings (ECBs) Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.10 dated September 5, 2000, operationalising the 'Automatic Route' for ECBs up to USD 50 million. In terms of paragraph 3 of the circular under the Automatic Route ECBs can be ra

पीडीएफ ( 5125 )

सप्टें 16, 2002

Disposal of duplicate copies of Export Declaration Forms
A.P. (DIR Series) Circular No.21 (September 16, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P. (DIR Series) Circular No.21September 16, 2002To All Authorised Dealers in Foreign ExchangeMadam / Sirs,Disposal of duplicate copies of Export Declaration Forms Attention of authorised dealers is drawn to sub-regulation D of Regulation 6 of Notification No.FEMA.23/2000-RB dated May 3, 2000 in terms of which on realisation of export proceeds authorised dealers are required to submit the d

पीडीएफ ( 5972 )

सप्टें 13, 2002

FEMA, 1999 - Current Account Transactions -
Remittances towards Consultancy Services
A.P. (DIR Series) Circular No.20 (September 12, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P. (DIR Series) Circular No.20September 12, 2002 To All Authorised Dealers in Foreign ExchangeMadam / Sirs,FEMA, 1999 – Current Account Transactions –Remittances towards Consultancy Services Attention of authorised dealers is invited to paragraph 3(B)(d) of our A.P.(DIR Series) Circular No.29 dated March 31, 2001, in terms of which remittance exceeding USD 100,000 per project for any consu

पीडीएफ ( 5349 )

सप्टें 12, 2002

Remittance of assets in India acquired by way of
inheritance/legacy/Foreign Nationals
A.P. (DIR Series) Circular No.19 (September 12, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P. (DIR Series) Circular No.19September 12, 2002ToAll Authorised Dealers in Foreign Exchange Madam / Sirs,Remittance of assets in India acquired by way of inheritance/legacy/Foreign NationalsAttention of authorised dealers is invited to Regulation 4 of Reserve Bank Notification No.FEMA.13/2000-RB dated May 3, 2000 in terms of which, authorised dealers have been permitted to allow remi

पीडीएफ ( 11419 )

सप्टें 12, 2002

Liberalisation of Release of Foreign Exchange
for Medical Treatment Abroad
A.P.(DIR Series) Circular No.17 (September 12, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P.(DIR Series) Circular No.17September 12, 2002ToAll Authorised Dealers in Foreign Exchange Madam/Sirs,Liberalisation of Release of Foreign Exchange for Medical Treatment AbroadAttention of authorised dealers (ADs) is invited to item No.9 of Schedule III to G.S.R.381(E) dated May 3, 2000 in terms of which they are empowered to release foreign exchange to residents for meeting expenses for

पीडीएफ ( 5481 )

सप्टें 12, 2002

Release of Foreign Exchange for Small Value Remittances
A.P.(DIR Series) Circular No.16 (September 12, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P.(DIR Series) Circular No.16September 12, 2002To All Authorised Dealers in Foreign Exchange Madam/Sirs,Release of Foreign Exchange for Small Value Remittances Attention of authorised dealers (ADs) is drawn to the sub-section (5) of Section 10 of the Foreign Exchange Management Act (FEMA), 1999, which provides that an authorised person shall before undertaking any transaction in foreign ex

पीडीएफ ( 5814 )

सप्टें 09, 2002

R-Return and Guide to Authorised Dealers for compilation of
R-Returns - Submission of A1 and A2 forms -Discontinuation of
A.P.(DIR Series) Circular No.14 (September 9, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.14September 9, 2002To,All Authorised Dealers in Foreign ExchangeMadam / Sirs,R-Return and Guide to Authorised Dealers for compilation ofR-Returns – Submission of A1 and A2 forms –Discontinuation of Attention of all authorised dealers is invited to paragraph 3 of A.D. (M.A. Series) Circular No.11 of May 16, 2000, read with paragraph 15 of Annexure to A.D.(M.A. Serie

पीडीएफ ( 5366 )

सप्टें 09, 2002

Evidence of Import
A.P.(DIR Series) Circular No.15 (September 9, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.15September 9, 2002ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Evidence of Import Attention of authorised dealers is invited to paragraph A.17(ii) & (iv) of the Annexure to A.P. (DIR.Series) Circular No.9 dated August 24, 2000, in terms of which in case of all imports, except import through couriers, where value of foreign exchange remitted/paid

पीडीएफ ( 8238 )

सप्टें 07, 2002

Notification No: FEMA71/2002- RB dated September 7, 2002

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai- 400 001 Notification No: FEMA71/2002- RBDated September 7, 2002In exercise of the powers conferred by Section 6, Section 7, Section 8, Section 9 and Section 47 of the Foreign Exchange Management Act, 1999 (Act 42 of 1999) and all other powers enabling it in this behalf, the Reserve Bank of India makes the following Regulations, namely: -CHAPTER I1. Short title and commencementThese Regulations shall

पीडीएफ ( 10243 )

सप्टें 06, 2002

Export of goods and services against repayment of
State Credits granted by erstwhile Soviet Union
A.P. (DIR Series) Circular No.13 (September 6, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P. (DIR Series) Circular No.13September 6, 2002To,All Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of goods and services against repayment of State Credits granted by erstwhile Soviet Union Attention of all authorised dealers is drawn to A.D. (G.P.Series) Circular No.11 dated June 15, 1998, in terms of which reimbursement claims sent to Reserve Bank where the documents are negot

पीडीएफ ( 7414 )

ऑग 28, 2002

Export of Goods and Services
A.P.(DIR Series) Circular No.12 (August 28, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P.(DIR Series) Circular No.12August 28, 2002ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Export of Goods and ServicesAttention of all authorised dealers is invited to A.P.(DIR Series) Circular No. 5 dated August 27, 2001 in terms of which a period of 360 days from the date of shipment was allowed as a temporary measure from September 1, 2001 for realisation and repatriation of

पीडीएफ ( 6279 )

ऑग 26, 2002

Foreign Exchange Management Regulations, 2002

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001. Notification No.FEMA70/RB/2002 Dated the August 26, 2002 Foreign 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 Ba

पीडीएफ ( 8847 )

ऑग 26, 2002

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

Notification No.FEMA 69/2002-RB August 26,2002 Foreign Exchange Management(Foreign Currency Account 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.FEMA 10/2000-RB dated May 3, 2000 , Reserve Bank of India makes the following amendments to For

पीडीएफ ( 11227 )

ऑग 20, 2002

Foreign Exchange Management (Borrowing and Lending in Rupees) (Amendment) Regulations, 2002

Reserve Bank of India (Exchange Control Department) Central Office Mumbai 400 001 Notification No.FEMA.67/2002-RB dated August 20, 2002 Foreign Exchange Management (Borrowing and Lending in Rupees) (Amendment) Regulations, 2002 In exercise of the powers conferred by clause (e) 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.4/RB-2000, dat

पीडीएफ ( 10108 )

ऑग 14, 2002

Export of Goods and Services -
Facilities to units in Special Economic Zones (SEZs)
A.P. (DIR Series) Circular No.10 (August 14, 2002)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 A.P. (DIR Series) Circular No.10 August 14, 2002 To, All Authorised Dealers in Foreign Exchange Madam/Sirs, Export of Goods and Services – Facilities to units in Special Economic Zones (SEZs) Attention of authorised dealers is invited to paragraph C.7 of A.P. (DIR Series) Circular No.12 dated September 9,2000 in terms of which authorised dealers have been advised to accede, in certain case

पीडीएफ ( 6411 )

ऑग 14, 2002

Exchange Earners’ Foreign Currency (EEFC)
Account Scheme - Amendment
A.P. (DIR Series) Circular No. 11 (August 14, 2002)

Exchange Control Department Reserve Bank of India Central Office Mumbai 400 001 A.P. (DIR Series) Circular No. 11 August 14, 2002 To Dear Sir/Madam, Exchange Earners’ Foreign Currency (EEFC) Account Scheme – Amendment Attention of authorised dealers is invited to the Reserve Bank Notification No. FEMA 10/2000-RB dated 3rd May 2000 relating to Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000 which has been amended

पीडीएफ ( 5062 )

ऑग 13, 2002

Assured Spare Parts Supply Agreements -
Opening of stand-by Letters of Credit by
Independent Power Producers
A.P. (DIR Series) Circular No. 9 (August 13. 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001A.P. (DIR Series) Circular No. 9August 13. 2002To All Authorised Dealers in Foreign ExchangeDear Sirs/Madam,Assured Spare Parts Supply Agreements –Opening of stand-by Letters of Credit byIndependent Power Producers Authorised Dealers are aware that as per extant guidelines, opening of stand-by Letters of Credit is permitted only in exceptional cases, such as for import of crude oil and petrole

पीडीएफ ( 5038 )

ऑग 05, 2002

External Commercial Borrowings - Prepayment
A.P. (DIR Series) Circular No.8

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001August 5, 2002A.P. (DIR Series) Circular No.8ToAll Authorised Dealers in Foreign ExchangeMadam/SirsExternal Commercial Borrowings – PrepaymentAuthorised dealers are aware that prepayment of External Commercial Borrowings (ECBs) require prior approval of the Reserve Bank and the Bank considers such applications under the following categories:Where the amount of prepayment of ECB is fully matc

पीडीएफ ( 12336 )

जुलै 29, 2002

Exim Bank’s Line of Credit of US$ 10 million to
Banco Bradesco S.A., Brazil
A.P.(DIR Series) Circular No.7 (July 29, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.7July 29, 2002ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Exim Bank’s Line of Credit of US$ 10 million toBanco Bradesco S.A., BrazilExport Import Bank of India (Exim Bank) has concluded an agreement with the Banco Bradesco S.A., Brazil on December 14, 2001, making available to the latter, a line of credit upto an aggregate sum of US$ 10 million (U.S. D

पीडीएफ ( 21648 )

जुलै 29, 2002

Exim Bank’s Line of Credit of US$ 10 million to
Banco Industrial de Venezuela (BIV), Venezuela
A.P.(DIR Series) Circular No.6 (July 29, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.6July 29, 2002ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs,Exim Bank’s Line of Credit of US$ 10 million toBanco Industrial de Venezuela (BIV), VenezuelaExport Import Bank of India (Exim Bank) has concluded an agreement with the Banco Industrial de Venezuela (BIV), Venezuela on July 19, 2001, making available to the latter, a line of credit upto an aggre

पीडीएफ ( 21703 )

जुलै 27, 2002

Notification No.FEMA.66 /2002-RB dated July 27, 2002

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001Notification No.FEMA.66/2002-RBdated 27 July 2002In 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, 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Foreign exchange deriv

पीडीएफ ( 9518 )

जुलै 15, 2002

Credits to Non-Resident External Rupee (NRE) Accounts
A.P.(DIR Series) Circular No.5 (July 15, 2002)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 A.P.(DIR Series) Circular No.5 July 15, 2002 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Credits to Non-Resident External Rupee (NRE) Accounts Attention of authorised dealers is invited to paragraph No.3 of Schedule 1 to Reserve Bank Noficiation No.FEMA.5/2000-RB dated May 3, 2000 regarding permitted credits to NRE Rupee Accounts and A.P. (DIR Series) Circular No.45 dated M

पीडीएफ ( 5816 )

जुलै 09, 2002

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.4 (July 9, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.4July 9, 2002To, All Authorised Dealers in Foreign ExchangeMadam/Sirs,Deferred Payments Protocols dated 30th April 1981and 23rd December 1985 between the Government ofIndia and erstwhile USSR Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.46 dated May 15, 2002 read with AP (DIR Series) Circular No.50 dated June 5, 2002 wherein the rupe

पीडीएफ ( 5429 )

जुलै 06, 2002

Branch/Project/Liaison Offices in
India of person resident outside India
A.P.(DIR Series) Circular No.3 (July 6, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001.A.P.(DIR Series) Circular No.3July 6, 2002To,All Authorised Dealers in Foreign ExchangeMadam / Sirs,Branch/Project/Liaison Offices inIndia of person resident outside India Attention of Authorised Dealers is invited to Regulation 5 (iii) of Reserve Bank Notification No. FEMA 22/2000-RB dated 3rd May 2000 in terms of which Reserve Bank imposes certain terms and conditions while granting approva

पीडीएफ ( 6648 )

जुलै 04, 2002

Export of Goods and Services
A.P. (DIR Series) Circular No.2 (July 4, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P. (DIR Series) Circular No.2July 4, 2002To, All Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and Services Attention of all authorised dealers is invited to A.P.(DIR Series) Circular No.6 dated 24th September 2001 in terms of which manufacturer exporters of certain products and having export contracts of Rs.100 crore and above in value terms in one year have been allowe

पीडीएफ ( 5510 )

जुलै 02, 2002

Facilities to NRIs/PIOs and Residents
A.P.(DIR Series) Circular No.1 (July 2, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P.(DIR Series) Circular No.1July 2, 2002[ last circular for the year 2001-02 isA.P.(DIR Series) Circular No.54]ToAll Authorised Dealers in Foreign Exchange Madam/Sirs,Facilities to NRIs/PIOs and ResidentsAs Authorised Dealers are aware, in terms of Paragraph 4 of Schedule 3 to the Notification No.FEMA 5/2000-RB dated May 3, 2000, balances in NRO accounts are not eligible for remittance out

पीडीएफ ( 7387 )

जून 29, 2002

Maintenance of foreign currency account
abroad by a company/firm/a body corporate
registered or incorporated in India
A.P. (DIR Series) Circular No.54 (June 29, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.54June 29, 2002To, All Authorised Dealers in Foreign ExchangeMadam/Sirs,Maintenance of foreign currency account abroad by a company/firm/a body corporate registered or incorporated in India Attention of authorised dealers is invited to the Reserve Bank Notification No.FEMA.10/2000-RB dated 3rd May 2000 relating to Foreign Exchange Management (Foreign Currency Acco

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जून 29, 2002

Notification No.FEMA.64 /2002-RB dated June 29, 2002

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001. Notification No.FEMA.64 /2002-RB datedJune 29, 2002In exercise of powers conferred by clause (f) of sub-section (3) of section 6, sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments to Foreign Exchange Management (Deposit) Regulations 2000, namely :-1. (i) These Regulations may be called the Foreign

पीडीएफ ( 8055 )

जून 29, 2002

Notification No.FEMA.65 /2002-RB dated June 29, 2002

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001.Notification No.FEMA.65 /2002-RB datedJune 29, 2002In exercise of 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), the Reserve Bank of India makes the following amendments to Foreign Exchange Management (Acquisition and transfer of immovable property in India) Regulations 2000, namely :-1.

पीडीएफ ( 9047 )

जून 25, 2002

Exim Bank’s Line of Credit of US $ 10 million to Banco
de Comercio Exterior de Colombia, S.A. (Bancoldex), Colombia
A.P.(DIR Series) Circular No.52 (June 25, 2002)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 A.P.(DIR Series) Circular No.52 June 25, 2002 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Exim Bank’s Line of Credit of US $ 10 million to Banco de Comercio Exterior de Colombia, S.A. (Bancoldex), Colombia Export Import Bank of India (Exim Bank) has concluded an agreement with the Banco de Comercio Exterior de Colombia, S.A. (Bancoldex), Colombia on February 5, 2002, making

पीडीएफ ( 22669 )

जून 24, 2002

Indian Direct Investment in Joint Ventures (JV)/
Wholly Owned Subsidiaries (WOS) outside India
A.P. (DIR Series) Circular No.51 (June 24, 2002)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P. (DIR Series) Circular No.51 June 24, 2002 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Indian Direct Investment in Joint Ventures (JV)/ Wholly Owned Subsidiaries (WOS) outside India Attention 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.1

पीडीएफ ( 7497 )

जून 21, 2002

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

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA. 63 /2002-RB dated June 21, 2002 Foreign Exchange Management (Foreign Currency Accounts by a person Resident in India) ( Third 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 supercession of the Notification No.FE

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जून 05, 2002

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.50 (June 5, 2002)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P. (DIR Series) Circular No.50 June 5, 2002 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Government of India and erstwhile USSR Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.46 dated 15th May 2002 wherein the rupee value of the special currency basket effective

पीडीएफ ( 5626 )

जून 04, 2002

Remittance for participation in lottery etc., schemes
A.P. (DIR Series) Circular No.49 (June 4, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P. (DIR Series) Circular No.49June 4, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Remittance for participation in lottery etc., schemes Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.22 dated December 7, 2000 and A.P. (DIR Series) Circular No.2 dated July 27, 2001 in connection with prohibition on remittance in any form towards participation in lo

पीडीएफ ( 5563 )

जून 03, 2002

Exim Bank’s Letter of Credit Refinancing Facility of
US $ 20 million to Bank Markazi Jomhouri Islami Iran
A.P.(DIR Series) Circular No.48 (June 3, 2002)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series) Circular No.48June 3, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Exim Bank’s Letter of Credit Refinancing Facility ofUS $ 20 million to Bank Markazi Jomhouri Islami IranExport Import Bank of India (Exim Bank) has concluded an agreement with Bank Markazi Jomhouri Islami Iran (The Central Bank of the Islamic Republic of Iran) on February 20, 2002, making availabl

पीडीएफ ( 11544 )

मे 14, 2002

Remittance of Current Income by NRIs.
A.P. (DIR Series) Circular No. 45 (May 14, 2002)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P. (DIR Series) Circular No. 45May 14, 2002ToAll Authorised Dealers in Foreign Exchange Madam/Sirs,Remittance of Current Income by NRIs.As you are aware, authorised dealers can allow remittance of current income in India by debit to the Non-Resident (Ordinary) Rupee (NRO) accounts of the account holders vide paragraph 3(B)(ii) of Schedule 3 to Notification No. FEMA.5/ 2000-RB dated May 3,

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