The Reserve Bank of India vide its Circular No A.P. (DIR Series) Circular No. 82 dtd 21/02/2012 has liberalised the payment of foreign exchange upto 5000 USD on account of Imports.
The relevant circular is reproduced below :-
[gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/02/rbifeb12.pdf”]
