RBI/2010-2011/4
Master Circular No. 04/2010-11
July 01, 2010
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. G.S.R. 381(E) dated May 3, 2000 viz. Foreign Exchange
Management (Current Account) Rules, 2000 as amended from time to time.
2. 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 also furnished.
3. This Master Circular is being issued with a sunset clause of one year.
This circular will stand withdrawn on July 1, 2011 and be replaced by an updated
Master Circular on the subject.
Yours faithfully,
(G. Jaganmohan Rao)
Chief General Manager