Attention of Authorized Dealers is invited to Para 45A, Chapter 17 of Foreign Exchange Manual in terms of which Authorized Dealers are allowed to make remittances in foreign exchange to Kingdom of Saudi Arabia on behalf of Hajj Group Organizers (HGOs) subject to compliance of applicable terms and conditions.
2. In order to facilitate the HGOs to effect Hajj related remittances, Para 45(A) (v), Chapter 17 of Foreign Exchange Manual stands amended as per following:
“45A. Remittances by Authorized Dealers on behalf of Hajj Group Organizers for Hajj.
(v)(a) Authorized Dealers may also effect Hajj related remittances, on behalf of HGOs, to Tawafa/Hajj service providers duly designated by the Saudi Arabian Hajj Authorities. The remittances will be made on receipt of following information/ documents by Authorized Dealers:
- Details of Hajj Package bifurcating local and foreign expenses per pilgrim in terms of related Hajj Package(s).
- Undertaking from concerned HGO for repatriation of funds in case of non-utilization.
(b). It will be the responsibility of the Authorised Dealer to satisfy themselves about the bona fides of the transaction.”
3. All other instructions on the subject matter shall remain unchanged.