Foreign Currency Account by diplomatic missions - Credit of Visa Fees

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....ion of Authorised Dealer Category - I (AD Category - I) banks is invited to clause (a) of sub-regulation 3 of Regulation 4 of the Notification No. FEMA 5/2000-RB dated May 3, 2000 viz. Foreign Exchange Management (Deposit) Regulations, 2000, as amended from time to time, in terms of which proceeds of inward remittances received from outside India through normal banking channels are allowed to be c....

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.... the diplomatic missions to credit the visa fees collected in India in Indian rupees, by way of transfer from the rupee account, to the account maintained in foreign currency by the diplomatic missions. 5. AD Category - I banks may bring the contents of this circular to the notice of their constituents concerned. 6. The directions contained in this circular have been issued under Sections 10(4)....

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....ification No.FEMA.5/2000-RB dated May 3, 2000) namely : - 1. Short title and commencement :- (i) These regulations may be called the Foreign Exchange Management (Deposit) (Amendment) Regulations, 2009. (ii) They shall come into force from the date of their publication in the Official Gazette. 2. Amendment of the Regulations: - In the Foreign Exchange Management (Deposit) Regulations, 2000 (N....