Eximkey - India Export Import Policy 2004 2013 Exim Policy

The regulations and procedures relating to remittance facilities available to foreign nationals including those resident outside India are set out in this Part.Ordinarily, foreign nationals who have taken up residence in India temporarily on account of their employment, profession or other activity with the intention of retiring eventually to their own or any other foreign country, will be considered as not permanently resident in India and be eligible for various facilities explained in this Part, if the activity undertaken in India is in accordance with the general or special permission of Reserve Bank as required under FERA 1973. Foreign nationals permanently resident in India and persons of Indian origin other than those residing in India for employment of a specified duration (irrespective of the length thereof) or for a specific job or assignment the duration of which does not exceed three years, are treated on par with Indian nationals resident in India and will not be eligible for facilities for which foreign nationals not permanently resident in India are eligible, except as specifically provided in the Manual or where Reserve Banks specific approval has been obtained.

NOTE : The procedure set out in the following paragraphs will not apply to the personnel of foreign diplomatic missions in India. Their requests for remittances will require prior approval of Reserve Bank, for which applications may be made by letter.

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