Remittance of Foreign Exchange for Miscellaneous purposes

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... may allow remittance of foreign exchange for miscellaneous purposes as indicated in the Annexure to this circular. Directions contained in the Annexure supercede the instructions contained in Part B and C of Chapter 8 of the Exchange Control Manual (1993 edition). 3. Authorised Dealers may please bring the contents of this circular to the notice of their constituents concerned. 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). Yours faithfully, Grace Koshie Chief General Manager Annexure [A.P. (DIR Series) Circular No.54 dated November 25, 2002 ] Clarification relating to remittance for certain Current Ac .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d to India; and the country of residence of beneficiary is not Pakistan. 3. Advertisements in television media abroad For remittance relating to advertisements on foreign television, authorised dealers may be guided by the provisions of Item 13 of Schedule III to the Government Notification No.G.S.R.381(E) dated May 3, 2000. Authorised dealers may forward applications that do not satisfy the prescribed parameters to the Reserve Bank for consideration. Remittance towards cost of advertisement in print media, radio, etc., outside India or on internet may be allowed by authorised dealers. In case of advertisement by a public sector undertaking they may be guided by Item (2) of Schedule II to the Government Notification No.G.S.R.381(E) .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... o other 100% EOUs/EPZ units against payment in foreign exchange. Authorised dealers may sell foreign exchange to the buyer units to make payment for such transactions. Note : The above provisions will also apply, mutatis mutandis, to supply of computer services and hardware by one unit in Software Technology Park (STP)/Electronic Hardware Technology Park (EHTP) to another unit in STP/ EHTP against payment in foreign exchange. 8. Supply of goods by 100% Export Oriented Units (EOUs)/ Units in Export Processing Zones (EPZs), Electronic Hardware Technology Parks (EHTPs) and Software Technology Parks (STPs) to units in Domestic Tariff Area (DTA) against payment in foreign exchange If the concerned authorities permit EOUs, units in EPZs, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X