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RBI liberalises payment norms for export and import
04 Feb 2014, 05:46 PM IST i

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The Reserve Bank today liberalized the third party payment norms for import of goods by removing the ceiling of $100,000.
Earlier, the maximum amount of an import transaction for third party payment was $100,000.
The central bank also simplified certain documentation norms related with third party payments for export and import transactions.
"... with a view to liberalising the procedure, the limit of $100,000 eligible for...
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