https://www.taxtmi.com/circulars?id=1810 Revises authorised money changers' foreign exchange limits for private and business travel, replacing prior scales, and requires authorised persons to obtain declarations and information sufficient to satisfy them that transactions are not intended to contravene the Act. Reserve Bank will not prescribe specific documents; money changers must retain records, refuse transactions where applicants fail to comply satisfactorily, and report suspected contraventions. FFMCs continue to be governed by existing rules and are subject to statutory penalties for non observance. en-us Thu, 01 Jun 2000 00:00:00 +0530 Fri, 03 Oct 2008 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1810 Revises authorised money changers' foreign exchange limits for private and business travel, replacing prior scales, and requires authorised persons to obtain declarations and information sufficient to satisfy them that transactions are not intended to contravene the Act. Reserve Bank will not prescribe specific documents; money changers must retain records, refuse transactions where applicants fail to comply satisfactorily, and report suspected contraventions. FFMCs continue to be governed by existing rules and are subject to statutory penalties for non observance. Circulars FEMA Thu, 01 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1810