The Presidents/Chief Executives of all
                      Authorized Dealers in Foreign Exchange
                    
					Dear Sirs/Madam,
                    Amendments in Instructions regarding Advance Payment against Import
                    
                    
                   
                   
                    Attention of Authorized  Dealers is invited to FE Circular No. 06 dated July 14, 2018 containing  instructions regarding advance payments against imports.
                      
                      2.         In addition to the concessions allowed  for import of items specified in EPD Circular Letter No. 13 dated August 29,  2018 and EPD Circular Letter No. 15 dated September 14,  2018, it has now been decided to allow the Authorized Dealers to effect advance  payments upto USD 10,000 per invoice on behalf of importers cum exporters for  import of raw materials and spare parts for their own use only.
                      
                      3.         All other instructions on the subject shall remain  unchanged.
                      
                      4.         Authorized Dealers are advised to ensure meticulous  compliance of the above instructions.