Prior permission for private foreign exchange releases required; regional nodal officers to process applications by fax or email. Authorised dealers must obtain prior permission from the Reserve Bank before releasing foreign exchange above the prescribed annual limit for private visits (excluding Nepal and Bhutan). Regional Offices have nominated nodal officers to ensure same day disposal of such applications; applications may be forwarded by fax or e mail and central contact details are provided for difficulties. The instructions are issued under the Foreign Exchange Management Act and authorised dealers are to inform their constituents.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Prior permission for private foreign exchange releases required; regional nodal officers to process applications by fax or email.
Authorised dealers must obtain prior permission from the Reserve Bank before releasing foreign exchange above the prescribed annual limit for private visits (excluding Nepal and Bhutan). Regional Offices have nominated nodal officers to ensure same day disposal of such applications; applications may be forwarded by fax or e mail and central contact details are provided for difficulties. The instructions are issued under the Foreign Exchange Management Act and authorised dealers are to inform their constituents.
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