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BUSINESS VISIT
As
per the Reserve Bank of India statutes the Business traveller can avail of
foreign currency notes, travellers cheques and prepaid travel currency cards up
to USA $25,000/- per business trip in a variety of currencies. With
Sophesticated Services Available with KAPNOX one can easily releive of all the
other requirements and concentrate on their Travel.
Reserve Bank of India statutes
Eligibility - Employees sponsored
by firms/companies/organizations in India - Journalists deputed on
short-term assignments abroad by newspaper companies - Self-employed
professionals going abroad for professional visits - Participation in
international conferences/seminars - Specialized training/study tour
sponsored by institutions or undertaken by professionals
Quantum
of Exchange
Avail up to a maximum of USD 25,000 per trip (maximum of 8 trips in
a financial year) or its equivalent irrespective of period of stay. Currency
component maximum of USD 3000 (May 04 Notif (ication) equivalent per visit.
Documents
One time documentation - Copy of partnership deed/Memorandum &
Articles of Association/Certif (icate of Incorporation depending on constitution
of business entity - Copy of Shop & Establishment license/VAT
registration/Service Tax Registration etc of the entity availing foreign
exchange - Authorization letter – Format available with
KAPNOX Forex - Copy of valid photo Ids of authorized signatories as mentioned
in the authorization letter Transaction Documents
- $_GET letter from the corporate on company letterhead signed and stamped
by authorized signatory of the company. - In case of travel for a Conference
/ Seminar, the brochure giving full particulars of the Conference / Seminar
should be submitted along with the application. - In case of travel related
to training / study tours, details of training/study tour along with letter from
the overseas institution agreeing to provide necessary facilities for the
training and certif (ying that the expenses are being borne by the organization.
Payment Only A/c Payee cheque/DD/Pay order accepted
subject to its realization. Cheques should be issued only from the company
that sponsors the trip of the traveler.
The following form may be forwarded to us on the
original Letterhead of the company, along with your passport and
ticket
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The Manager, KAPNOX FOREX PVT. LTD.
Dear Sir, |
Date
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Sub : Release of Foreign Exchange for
Business Visit. |
We $_GET you to release exchange as
detailed below to
Mr/Ms.________________________(designation)______________________ who is
proceeding abroad on company’s business. |
Currency |
Amount in
Cash |
Amount in Travellers
Cheques |
Preffered T/C
Denominations |
_________ |
_____________ |
_________________ |
______________ |
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_________ |
_____________ |
_________________ |
______________ |
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The details are given below for your
necessary action: 1. Name : 2. Residential
Address : 3. Nationality : 4. Passport
No. Date
of issue : 5. Airline & Ticket No. 6. Date of Departure:
7. Country/Countries to be visited : 8. Nature of business visit
in each country
: We
certif (y that the expenses are borne by our organisation. We declare that
the foreign exchange drawn will be used for the purpose stated above. We
further declare that this transaction will not involve and is not designed
for the purpose of any contravention or evasion of the provisions of FEMA
or of any rule, regulation, notif (ication, direction or order made
thereunder.
We
enclose herewith passport, air ticket, and our cheque no. _______________
drawn on_______________________________for Rs.__________towards release of
exchange.
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Yours faithfully,
__________________ Authorised Signatory |
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