The Presidents/Chief Executives of All

Authorized Dealers in Foreign Exchange

Dear Sir / Madam,

Revision in Instructions for Remittance of Royalty, Franchise and Technical Service (RFT) Fees for the Entities Operating in Agriculture, Social, Infrastructure and Service Sector projects, including International Food Chains

Attention of Authorized Dealers is invited to Para 12(ii)(b), Chapter 14 of the Foreign Exchange Manual (FEM), which sets out the framework for remittances of RFT fees by entities operating in Agriculture, Social, Infrastructure and Service Sector projects, including international food chains.

2. In order to promote ease of doing business and realign the relevant instructions with market dynamics, the aforesaid para has suitably been revised. The same is attached as Annexure-A.
3. Authorized Dealers are advised to ensure meticulous compliance of these revised instructions.