Forex btq form
What is the Forex entitlement for a business trip? Visits in connection with attending of an international conference, seminar, specialised training, study tour, apprentice training, etc.
What is the Forex entitlement for a holiday trip?
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From where can one buy foreign exchange for business and holiday trip? From any branch or franchisee of FRR Forex all over India or any authorised dealer.
How much Foreign Exchange can be purchased in foreign currency notes? How much in advance can one buy foreign exchange? Foreign exchange must be utilised within 60 days of purchase. In case it is not utilised within this period, it should be surrendered to FRR Forex or any other authorised dealers.
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How can one pay for the foreign exchange? For business travel, foreign exchange can be availed against the company cheques.
For BTQ, settlement can be need entirely by cash upto a maximum of Rs. What can one do with unutilized foreign exchange after the trip? Can one bring foreign exchange into India?
Cash and travelers cheuqes exceeding the above limits should be declared to custom at the airport in the Currency Declaration Form CDF on arrival in India. Is there any purpose for which going abroad requires prior approval from the Reserve Bank or Govt.
Dance troupes, artistes, etc. Can a Resident Indian maintain foreign currency accounts in India?
A resident Indian can maintain a Foreign Currency Domestic Account and deposit Foreign Exchange acquired from any of the sources approved by Reserve Bank of India, e. Travel related to medical treatment, studies, immigration etc Forex requirement will be serviced by any authorised dealers. Can residents obtain foreign exchange for medical treatment outside India?
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How much foreign exchange is available for studies outside India? How much foreign exchange is available to a person going abroad on employment?
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And to a person going abroad on immigration? This amount is only to meet the incidental expenses in the country of migration.
No amount of foreign exchange can be remitted outside India to become eligible or for earning points or credits for immigration. All such remittances require prior permission of the Reserve Bank.
Remittances exceeding the limit require prior permission from the RBI. Designed by Novel Ideas.
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