Can the unspent balance surrendered to an authorized dealer be drawn again while undertaking a second visit in the same year?
Top Business Visits • What is the procedure for drawal of foreign exchange for business visits abroad? The sponsoring firm/company/organization (the applicant in cases of self-employed professionals) should make an application for the release of exchange to an authorized dealer or an authorized full-fledged money-changer by a letter, in duplicate, indicating the name, address, nationality, passport number, duration, nature of visit to each country, foreign exchange required and a certificate from the employer stating that the expenses are being borne by them.Exchange up to U.S. $ 25,000 can be released by authorized dealers regardless Of the duration of the visit. • What is the procedure for availing exchange facility for participation in international conferences/seminars? Applicant should submit to an authorised dealer a letter in duplicate from the sponsoring institution (from the applicant in case of self-employed professionals). The application should indicate the name, address, n
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