Press Note No. 3037 (2013 Series) of the Department for Promotion of Industry and Internal Trade dated 16th March, 2013 on the holding of foreign exchange [C11-804]
As at 7 September 2026. In force. No commencement recorded.
Press Note No. 3037 (2013 Series)
GOVERNMENT OF INDIA
Department for Promotion of Industry and Internal Trade
New Delhi, dated the 16th March, 2013
PRESS NOTE
Subject: The holding of foreign exchange by persons resident in India under the Foreign Trade (Development and Regulation) Act, 1992, regarding.
1. The Central Government has reviewed the policy on the holding of foreign exchange and has decided as follows.
2. Every person resident in India carrying on the holding of foreign exchange may do so subject to the conditions set out in the annexure, and the Director General shall be informed in Form ANF-2A within one hundred and eighty days.
3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the holding of foreign exchange is undertaken, and the Director General shall dispose of it within one hundred and eighty days of its receipt.
4. Difficulties, if any, in the implementation of this press note may be brought to the notice of the Department for Promotion of Industry and Internal Trade.
(Under Secretary to the Government of India)
Made under
No enabling provision stated.
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