Basic
Travel Quota
With
effect from June 1, 2000 resident Indian citizens including
infants are allowed to receive Foreign Exchange not
exceeding US $10,000 or its equivalent in aggregate,
in one calendar year for one or more personal visits
abroad (except to Nepal and Bhutan) as against the quantum
of exchange allowed under BTQ (para 10 of FLM).
Forex under Business Visits
Eligible travelers
 |
Those
sponsored by firms / companies / organizations in
India |
|
Journalists
deputed on short term assignments abroad by Newspapers
/ Journals |
|
|
Self
- employed professionals like Solicitors, Chartered
Accountants undertaking visits abroad in connection
with their profession |
Documentation
The traveler is required to produce
a letter in duplicate from the sponsoring firm / company
/ organization or by himself / herself in the case falling
under (c) above. The letter should cover the following
points:
|
Name,
address, nationality and Passport no. of the traveler |
|
Duration
and nature of visits to each country |
|
Amount
of exchange required (not exceeding the quantum
indicated below) |
|
|
Certificate
that the expenses are being borne by the sponsor
or by the traveler in the case falling under (c)
above |
In case requested as Special Allowance,
the required documents are indicated below:
The letter should include declaration that the traveler
is a Chief / Senior Executive in their organization
(indicating his / her designation) and that he / she
is entitled to draw exchange at the Special Scale as
per the rules of the organization. The original letter
and duplicate should be retained for your records.
Quantum Of Exchange
|
|
Maximum
of US $ 25000 on an general Scale up to US $ 350 per
day or Special Scale for Chief / Senior Executives
like Chairman, Managing / Executive Director, etc
is up to US $ 500 per day |
Top
Entertainment Allowance
Eligible travellers
|
|
Chief
Executives of Export / Trading / Star Trading Houses
- not exceeding US $ 5000 per trip |
|
Officials
of other firms / companies etc. - not exceeding
US $ 2000 |
|
|
travellers
proceeding to Islamic Republic of Iran, Russian
Federation and other with Foreign Currency Notes
and coins up to their full entitlement; if the traveler
so desires similarly exchange up to two weeks can
be drawn in the form of Foreign Currency Notes and
Coins |
|
Sponsored
by Trade Bodies such as Chamber of Commerce |
Documentation
Letter in duplicate from
the sponsoring Firm/ Company/ Organization covering the
following points:
|
Name,
address, nationality and Passport No. of the traveler |
|
Duration
and nature of visits to each country |
|
Amount
of exchange required (not exceeding the quantum
indicated below) |
|
|
Certificate
that the expenses are being borne by the sponsor
or by the traveler in the case falling under (c)
above |
In case requested of Special Allowance
the required documents are indicated below:
|
|
The
letter should include declaration that the traveler
is a Chief/ Senior Executive in their organization
(indicating his / her designation)
|
|
|
He
/ she is entitled to draw exchange at the Special
Scale as per the rules of the organization
|
Quantum Of Exchange
|
Up
to US $ 300 per day per person for a period |
Top
Business
Visits against Foreign Hospitality
Documentation
Letter in duplicate covering
following points:
Quantum of Exchange
Up
to US $ 500 if the visit is for a period not exceeding
10 days. If the period of visit exceeds 10 days, US
$ 50 per day up to a maximum period of 45 days.
Other Conditions
|
|
The
sale of Foreign Exchange is required to be made
on personal application and identification of
the traveler
|
|
|
While
issuing travellers checks, the traveler is required
to sign the checks in the presence of the authorized
official
|
|
|
The
foreign exchange is sold after verifying the passport
and passage ticket held by the traveler |
|
|
The
sale of foreign exchange is required to be endorsed
on the passport of the travellers. The stamp should
indicate BTQ / Business Visit as the case may be
over the stamp and signature of the office releasing
foreign exchange |
|
|
The
traveler can also draw foreign exchange towards
BTQ with the business exchange for the same visit |
|
IATA
ASTA Approved.