RBI/2014-15/4
Master Circular No.13/2014-15
July 01, 2014
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.
- 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
Appendix.
- This Master Circular is being updated from time to time as and when the
fresh instructions are issued. The date up to which the Master Circular has
been updated is suitably indicated.
- This Master Circular may be referred to for general guidance. The Authorised Persons and the Authorised Dealer Category – I banks may refer to
respective circulars/ notifications for detailed information, if so needed.
Yours faithfully,
(C.D.Srinivasan)
Chief General Manager