| Date: |
21-11-2014
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| Notification No: |
RBI/2014-15/310 A.P. (DIR Series) Circular No.40
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| Issuing Authority: |
RBI
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| Type: |
A.P.D.(Series) Circulars
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| File No: |
RBI/2014-15/310 |
| Subject: |
Release of Foreign Exchange for Haj/ Umrah pilgrimage
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|
RBI/2014-15/310
A.P. (DIR Series) Circular No. 40
November 21, 2014
To
All Authorised Persons in Foreign Exchange
Madam / Sir,
Release of Foreign Exchange for Haj/ Umrah pilgrimage
Attention of Authorised Persons in foreign exchange is invited to
A.P. (DIR
Series) Circular No. 19 dated October 30, 2000;
A.P. (DIR Series) Circular No.11
[A.P. (F.L. Series) Circular No.1] dated November 13, 2001 and A.P.(DIR Series)
Circular No. 50 [A.P.(FL Series) Circular No. 7] dated May 4, 2010, regarding
release of foreign exchange in the form of foreign currency notes and coins
which remains as hitherto.
- It has now been decided that henceforth Authorised Dealers and Full
Fledged Money Changers may release the full amount of BTQ entitlement in cash or
up to the cash limit specified by the Haj Committee of India, to the Haj/ Umrah
pilgrims also.
- Authorised Persons may bring the contents of this circular to the notice of
their constituents and customers concerned.
- The directions contained in this circular have been issued under sections
10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and
are without prejudice to permissions / approvals, if any, required under any
other law.
Yours faithfully,
(C.D.Srinivasan)
Chief General Manager
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