Cash is not a valid mode of payment for imports under the Foreign Exchange Management (Import of Goods and Services) Regulations, 2000. Authorized dealers are not permitted to accept cash payments for imports.

The maximum period for which an importer can avail of credit for import of goods is 180 days from the date of shipment.

All of the above documents are required for import of goods under the Foreign Exchange Management (Import of Goods and Services) Regulations, 2000.

The importer, authorized dealer, and customs authorities are all responsible for ensuring that the import of goods is in accordance with the Foreign Exchange Management (Import of Goods and Services) Regulations, 2000.

The penalty for contravening the provisions of the Foreign Exchange Management (Import of Goods and Services) Regulations, 2000 is both fine and imprisonment.

Import under Parallel Market is not a permitted mode of import under the Foreign Exchange Management (Import of Goods and Services) Regulations, 2000.

The maximum value of goods that can be imported under the Foreign Exchange Management (Import of Goods and Services) Regulations, 2000 without an import license is $25,000.

Delay in payment by the importer is not a valid reason for seeking extension of the period of credit for import of goods.

The maximum period for which an importer can avail of credit for import of services is 360 days from the date of receipt of services.

Cash is not a valid mode of payment for import of services under the Foreign Exchange Management (Import of Goods and Services) Regulations, 2000. Authorized dealers are not permitted to accept cash payments for import of services.

The maximum value of services that can be imported under the Foreign Exchange Management (Import of Goods and Services) Regulations, 2000 without an import license is $50,000.

Delay in payment by the importer is not a valid reason for seeking extension of the period of credit for import of services.

The penalty for contravening the provisions of the Foreign Exchange Management (Import of Goods and Services) Regulations, 2000 relating to import of services is both fine and imprisonment.

Import under Parallel Market is not a valid mode of import under the Foreign Exchange Management (Import of Goods and Services) Regulations, 2000 relating to import of services.

The maximum value of goods and services that can be imported under the Foreign Exchange Management (Import of Goods and Services) Regulations, 2000 without an import license is $75,000.