One of our client needs foreign currency for import of production machinery. Can anyone please tell me how he can get foreign currency. What are the legal formalities/ documentation etc.
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Foreign currency.
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You have to make payment through route of bank only. Holding of excess FC is not permitted. So you just visit your bank and the remaining procedures will be performed by the bank.
Obviously the payment will be made through bank. What I want to know is the legal compliance. I remember there is one form for seeking foreign currency. I think its called A1 form. Not sure though.
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