MANU/APDR/0003/2017

Ministry : Reserve Bank of India

Department/Board : RBI A.P. DIR (Series)

Circular No. : A. P. (DIR Series) Circular No. 27
                   RBI/2016-2017/212

Date : 12.01.2017

Notification/ Circulars Referred : A.P. (DIR Series) Circular No. 05 dated October 06, 2016 MANU/APDR/0050/2016;Notification No. G.S.R. 381(E) MANU/RFEM/0032/2000;A.P. (DIR Series) Circular No. 9 dated August 24, 2000 MANU/APDR/0023/2000

Citing Reference:
A.P. (DIR Series) Circular No. 05 dated October 06, 2016 MANU/APDR/0050/2016  Referred

Notification No. G.S.R. 381(E) MANU/RFEM/0032/2000  Referred

A.P. (DIR Series) Circular No. 9 dated August 24, 2000 MANU/APDR/0023/2000  Referred

To

All Category - I Authorised Dealer Banks

Madam / Sir,

Evidence of Import under Import Data Processing and Monitoring System

Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 05 dated October 06, 2016 read with Section 5 and Section 10 of the Foreign Exchange Management Act 1999 (42 of 1999), Government of India Notification No. G.S.R. 381(E) dated May 3, 2000 viz., Foreign Exchange Management (Current Account Transaction) Rules, 2000 on import of goods, FED Master Direction No. 17 dated January 1, 2016 on Import of Goods and Services and A.P. (DIR Series) Circular No. 9 dated August 24, 2000 which outlines the procedure, mode/manner of payment for imports and submission of related returns. Within the contours of the extant instructions on import of goods, specific attention is invited to the directions on Obligation of Purchaser of Foreign Exchange and submission of document as Evidence of Import.