Foreign Exchange Management Act , 1999 Foreign Travel

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..... Sirs, Foreign Exchange Management Act , 1999 Foreign Travel Attention of the Full Fledged Money Changers (FFMCs) is invited to paragraph 1 of A.P. (DIR Series) Circular No.1/A.P.(F.L. Series) Circular No.1 dated June 1, 2000 advising them to release foreign exchange not exceeding U.S.$.5,000 or its equivalent , (paragraph 10 of FLM) per person, in one calendar year for one or more private vi .....

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..... 4. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act 1999 (42 of 1999) and any contravention or non-observance thereof is subject to the penalties prescribed under the Act. Yours faithfully K. J. UDESHI Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office orders T .....

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