RBI/2008-2009/28
Master Circular No. 08/2009-10
July 1, 2009
To,
All Category – I Authorised Dealer Banks
Madam / Sir,
Master Circular on Import of Goods and Services
Import of Goods and Services into India is being allowed in terms of Section 5
of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification
No. GSR 381(E) dated May 3, 2000 viz. Foreign Exchange Management (Current
Account) Rules, 2000 as amended from time to time.
- This Master Circular consolidates the existing instructions on the subject of
"Import of Goods and Services" at one place. The list of underlying circulars
consolidated in this
Master Circular is furnished in the Appendix.
- This Master Circular is being issued with a sunset clause of one year. This
circular will stand withdrawn on July 1, 2010 and be replaced by an updated
Master Circular on the subject.
Yours faithfully,
(Salim Gangadharan)
Chief General Manager-in-Charge