3D.7
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Sales to Public under General Authority
Branches/offices of authorised dealers (including their exchange bureaux at airports and seaports) may sell foreign currency notes and coins upto U.S.$ 50 or its equivalent per person to outgoing travellers, other than
(i) transit passengers who are holding foreign passports,
(ii) passengers holding foreign passports and travelling on open-dated return tickets issued outside India and
(iii) travellers proceeding to Bhutan and Nepal, after verifying from the travellers passage tickets that they are about to leave India and have not availed of U.S.$ 50 from city/town office of an authorised dealer. Authorised dealers branches/offices in the city/town area should sell foreign currency notes/coins not earlier than 30 days from the date of departure on production of a confirmed journey ticket. All such sales should be endorsed on the travellers passports.
NOTE: The facility in this paragraph may also be extended to eligible travellers who are proceeding out of India by land route, at the branches of authorised dealers, if any, operating at the Land Customs Stations on the concerned routes.
(a) All travellers proceeding outside India other than those proceeding to Bangladesh, Bhutan and Nepal (b) Travellers proceeding to Bangladesh | Foreign currency notes up to U.S.$ 50 or its equivalent per person Foreign currency notes up to equivalent of Indian Rs. 100/- per person |
- NOTE:
- The facility in this paragraph may also be extended to eligible travellers who are proceeding out of India by land route, at the branches of authorised dealers, if any, operating at the Land Customs Stations on the concerned routes.