(i) Authorised dealers may allow remittance facilities for engagement of foreign artistes such as dancers, musicians in the following cases. (a) Where the artistes are engaged by tourism related organisations in India like India Tourism Development Corporation, State Tourism Development Corporation, etc. during special festivals organised by them.
(b) Where the artistes are engaged by hotels in India in five star category and the foreign exchange expenditure is met out of funds held in EEFC account of the hotel concerned.
Remittance should be allowed as per the terms of the contract and on production of an Accountants Certificate/undertaking regarding payment of Income-tax. Before allowing the remittance authorised dealers should ensure that the concerned artiste holds a valid visa where the period of engagement is up to 3 months and employment visa where the period exceeds 3 months. In the case of artistes engaged by hotels in five star categories, the remittance should be allowed only by debit to the EEFC account of the hotel concerned.
(ii) Authorised dealers should keep a certified copy of the contract on record for verification by their internal auditors/Reserve Bank.
NOTE : Foreign nationals employed/engaged in racing trade (such as jockeys, stewards, bookies, trainers, breeders, etc.) as also foreign cabaret artistes, wrestlers and other entertainers visiting India would not be eligible for remittance facilities.