A.P. (DIR Series) Circular No. 24
All Authorised Persons
Madam / Sir,
facility to foreign citizens
Attention of Authorized Persons
is invited to the A.P. (DIR Series) Circular No. 20 dated November 25,
2016 permitting foreign citizens to exchange foreign exchange for
Indian currency notes up to a limit of ? 5000/- per week till December 15,
2016 and extended up to December 31, 2016 vide A.P. (DIR Series)
Circular No. 22 dated December 16, 2016.
2. On a review it has been
decided that the instructions contained in the A.P. (DIR Series)
Circular No. 20 dated November 25, 2016 shall continue to be in force
till January 31, 2017.
3. Authorised Persons may follow
the above instructions and bring the contents of this circular to the
notice of their constituents.
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 are without
prejudice to permissions / approvals, if any, required under any other law.
Chief General Manager-In-Charge