All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

REPORTING OF REMITTANCE OF ROYALTY / TECHNICAL FEE AND DIVIDEND ON APPENDICES V-58 & V-59.

It terms of Paras 10 (a) III (b) and 13 (d) & (e) of Chapter XIV of Foreign Exchange Manual, Seventh Edition 1992, designated Authorized Dealers are required to report remittance on account of Royalty / Technical fee and Dividend together with the supporting application i.e., Appendix V-58 for Royalty / Technical Fee & Appendix V-59 for Dividend. It has been decided that henceforth the Authorized Dealers shall submit two copies of the applications i.e., Appendix V-58 & Appendix V-59 with their monthly returns.

2. Consequently following amendments in Chapter XIV are made:-

The word "Duplicate" appearing in Para 10 (a) III (i)

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and Para 13 (d) (i) shall be replaced by the word "triplicate".

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