ADVANCE REMITTANCE FOR IMPORT OF SERVICES
The limit for advance remittance for all admissible current account transactions for import of services
without bank guarantee has been raised from USD 100,000 to USD 500,000 or its equivalent. It is clarified that the increase in the limit for advance remittance for all admissible current account transactions for import of services without bank guarantee is not applicable for a Public Sector Company or a Department/ Undertaking of the Government of India/ State Governments.
without bank guarantee has been raised from USD 100,000 to USD 500,000 or its equivalent. It is clarified that the increase in the limit for advance remittance for all admissible current account transactions for import of services without bank guarantee is not applicable for a Public Sector Company or a Department/ Undertaking of the Government of India/ State Governments.
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