Increase in release of foreign exchange for private visits abroad

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Full Text of the Document

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.... Increase in release of foreign exchange for private visits abroad In terms of Item No.2 of Schedule III to the Government of India's Notification No.G.S.R.381(E) dated May 3, 2000, Authorised Persons (APs) are required to obtain prior permission of the Reserve Bank to release foreign exchange exceeding US$ 5,000 or its equivalent to resident individuals in one calendar year, for one or more....