RBI/2008- 2009/16 Master Circular No. 03 /2008- 09 July 1, 2008 To, All Authorised Dealer Category – I Banks and Authorised Banks Madam / Sir, Master Circular on Non-Resident Ordinary Rupee (NRO) Account The acceptance of deposits by an Authorised dealer / Authorised bank from persons resident outside India are regulated by the provisions of sub-sections (1) and (2) of Section 6 of the Foreign Exchange Management Act, 1999 read with FEMA Notification No.5/2000 RB date

RBI/2008-2009/17 Master Circular No. 04/2008-09 July 1, 2008 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Circular on Remittance Facilities for Non-Resident Indians /Persons of Indian Origin / Foreign Nationals Remittance facilities for Non-Residents/Persons of Indian Origin/Foreign Nationals are being governed by sub-section (1) and (2) of section 6 of the Foreign Exchange Management Act, 1999 read with FEMA Notification No.13

RBI/2008-09/18 Master Circular No. 05 /2008-09 July 1, 2008 To, All Authorised Persons in Foreign ExchangeMadam / Sir, Master Circular on Miscellaneous Remittances from India – Facilities for Residents Miscellaneous remittance facilities for residents are allowed in terms of section 5 of the Foreign Exchange Management Act, 1999, read with Government of India Notification No. G.S.R 381(E) dated May 3, 2000 as amended from time to time. 2. This Master Circular consolid

INDEX S.No Contents Part I Introduction Part II General guidelines for imports 1 General Guidelines 2 Form A-1 3 Import Licenses 4 Obligation of Purchaser of Foreign Exchange 5(a) Time limit for normal imports 5(b) Time limit for deferred payment arrangements 5(c) Time limit for import of books 6 Import of Foreign exchange / Indian Rupees 6 (a) Import of Indian currency and currency notes 6 (b) Import of foreign exchange into India PART III Operational Guidelines for

RBI/2008-09/14 Master Circular No. 01/2008-09 July 1, 2008 To, All Banks Authorised to Deal in Foreign Exchange Madam / Sir, Master Circular on Direct Investment by Residents in Joint Venture (JV)/ Wholly Owned Subsidiary (WOS) abroad Direct investments by residents in Joint Venture (JV) and Wholly Owned Subsidiary (WOS) abroad are being allowed, in terms of clause (a) of sub-section (3) of section 6 of the Foreign Exchange Management Act 1999, (42 of 1999) read with

RBI/2008-09/22 Master Circular No. 09/2008-09 July 1, 2008 To, All Category – I Authorised Dealer Banks Madam / Sir, Master Circular on Export of Goods and Services Export of Goods and Services from India is allowed in terms of clause (a) of sub-section (1) and sub-section (3) of Section 7 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. GSR 381(E) dated May 3, 2000 and FEMA Notification 23/RB-2000 dated May 3, 2000 as amended from

As on July 1, 2003Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001Master Circular No./1/2003-04July 1,2003ToAll Authorised Dealers in Foreign ExchangeDear Sirs / Madam,Master Circular- Risk Management and Inter-Bank DealingsInstructions contained in the undernoted circulars pertaining to forward exchange cover, other derivative products, Rupee accounts of Non-resident banks and inter-bank dealings etc., have been consolidated in this master