Furnishing of guarantees by persons who have availed of T.R. benefit and seek to make short visits abroad within a period of one year of stay in India - Reference from employees of foreign firms investing in India or operating an office in India

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....No. 497/35/88-Cus. VI Dated 19-9-1988 Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Furnishing of guarantees by persons who have availed of T.R. benefit and seek to make short visits abroad within a period of one year of stay in India - Reference from employees of foreign firms investing in India or operating an office in India. Attention is invited to t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ry. It is felt that a broad view could safely be taken in case of such foreigners as are employed with reputed and established firms functioning with RBI permits. When such persons desire to go out of India on short visits after availing themselves of the T.R. benefits in the first year of their residence in India, it appears that there would be no harm in allowing them to go out against a plain p....