All
Authorised Dealers
in
Foreign Exchange,
Dear
Sirs,
UPDATION/REVISION
OF THE FOREIGN EXCHANGE MANUAL
Authorised Dealers are advised that the Foreign Exchange
Manual is being updated by incorporating the changes conveyed
to them through various FE Circulars and Circular Letters
etc. issued upto 31-12-2001. Some of the existing instructions
have been revised/amended and are detailed in Annexure to
this circular, which will come into force with immediate
effect.
2. Some of the existing
paragraphs have been re-drafted in order to make them clearer
and the procedural changes made in the existing provisions
will become effective with the issuance of the revised Manual
(Eighth Edition – 2002) on 1st February 2002.
3. Some of the prescribed
forms (Appendix V) have also been revised as a consequence
of changes made in the relevant instructions and serial
numbers of the forms have been rearranged. Authorised Dealers
will, however, continue to use the existing format till
issuance of the revised Manual.
4. Updating of Foreign
Exchange Manual will be an ongoing process, therefore, changes
in future will be made, whenever necessary.
5.
Please bring the above to the notice of your all constituents.
Annexure1
to FE Circular 1/2002