Offered for sale

This query is : Resolved 

19 May 2010 As per FEMA Act Foreign exchange so received shall be offered for sale to an authorised dealer withen 7 days?

What is Offered for Sale means in above Line?

19 May 2010 Offered for sale means that you have approached the dealer for converting the exchange in Indian Ruppees.

19 May 2010 agreee. to the authorised dealer in exchange like thomas cook or Banks.. Dont forget to take certificate from them for the amount exchanged.


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