Foreign exchange travel tax imposed on foreign exchange released for travel; collection by authorised dealers under prescribed rules. A Foreign Exchange Conservation (Travel) Tax is levied on all foreign exchange released for foreign travel by any person, calculated as a percentage of ... Summary
Foreign exchange travel tax imposed on foreign exchange released for travel; collection by authorised dealers under prescribed rules.
A Foreign Exchange Conservation (Travel) Tax is levied on all foreign exchange released for foreign travel by any person, calculated as a percentage of the rupee equivalent of the amount released. The tax must be collected by the authorised dealer or money changer in accordance with rules under the Chapter and paid to the credit of the Central Government.
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