With reference to India.In terms of paragraph 16E.8 of the Exchange Control Manual, hotels, travel agents and other organisations connected with the ... to apply to the Department of Tourism, Government of India for release of exchange out of the Departmenta#39;s quota. ... It has been reported that several bills received towards expenses incurred against International Credit Cards used ... In respect of which the surrender obligation has already been met, between authorised dealers would be at market rates. 6.
|Title||:||Liberalised exchange control and exim policy & procedures, 1992-97|
|Author||:||M. I. Mahajan|