All
Authorised Dealers
in Foreign Exchange,
Dear
Sirs,
BACK-T0-BACK
REMITTANCES
It
has been decided to withdraw, till further orders, the facility
of back-to-back remittance and release of foreign currency
against surrender of an equivalent amount of foreign currency.
Accordingly, paragraph 19 of Chapter XVI and paragraph 41
of Chapter XVII of the Foreign Exchange Manual, as amended
from time to time, are deleted. Authorised Dealers are requested
to ensure strict compliance of these instructions.