Laws 4 India - Foregn Exchange Management Manual ( Foreign Exchange Transaction with Public )

Foreign Exchange Transactions with Public
PART A - PURCHASES
3A.1	Purchase of TTs, MTs, etc. from public
3A.2	Inward Remittances
3A.3	Acquisition of Foreign Exchange by Residents
3A.4	Payment in Rupees to a person Resident outside India
3A.4A	Reimbursement by Resident debtor to non-resident guarantor
3A.5	Payment in Rupees to Non Resident Director of Company
3A.6	Foreign Inward Remittance Payment System (FIRPS)
3A.7	Issue of Bank Certificate
3A.8	Refund of Inward Remittances
3A.9	Permission to buy foreign exchange from Post Office in India in the form of Postal Order or Money Order
PART B - SALES
3B.1	General
3B.2	Sales to Residents only
3B.3	Procedure for making Applications
3B.4	Manner of Payment of Rupees against sale of Foreign Exchange
3B.5	Undertaking / Certificate regarding payment of Income-Tax
PART C – FOREIGN EXCHANGE DERIVATIVE CONTRACTS
3C.1	General
3C.2	Defination
3C.3	Foreign Exchange Derivative Contract by Resident
3C.4	Foreign Exchange Derivative Contract by Non – Resident
3C.5	Commodity Hedge
3C.6	Remittance related to a Foreign Exchange Derivative contract
Schedule – I Foreign Exchange Derivative contract permissible for Resident
Schedule – II Foreign Exchange Derivative contract permissible for Non-resident
Schedule – III Procedure for hedging of commodity price risk
Annexure – CBT’s Circular No. 759 dated 18th November, 1997 & Form of Undertaking & Accountance Certificate
PART D – FOREIGN CURRENCY NOTES AND COINS
3D.1	General
3D.2	Purchase from Public
3D.3	Purchases against Currency Declaration Forms
3D.4	Encashment Certificates
3D.5	Purchase on Authorised Dealer’s own Responsibility
3D.6	Import of Foreign Currency Notes
3D.7	Reconversion of Indian Currency
3D.8	Sales of Foreign Tourists
3D.8A	Foreign Currency to Master / Captain of foreign vessels against inward remittance
3D.9	Cash Memo
3D.10	Sales to ADs, Exchange Bureaux and FFMCs
3D.11	Rates of Exchange
3D.12	Display of Exchange Rate Chart
3D.13	ADs Sales to Travellers
3D.14	Surplus Foreign Currency Notes and Coins
3D.15	Records to be maintained by Exchange Bureaux
3D.16	Reporting of Transactions by Exchange Bureaux