| Address: New Delhi, Delhi, I Don''t k |
| Website: rbi.com |
I receive a letter from rbi enclosed below for exchange currency and transfer it in my personal account
Please do needfull and direct me further
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Reserve bank of india
Reserve bank of india
Foreign remittance dept.,
Ministry of finance
Sansad marg, janpath,
Department of payment & financial services
New delhi
New delhi
Delhi-110001
Delhi -110001
Dgba. Gad. No. H-6789/43.03.041/2017
25th september, 2017
Subject: notification for registration and endorsement of two
Hundred thousand pounds (£200, 000.00 gbp) demand draft received
From england golf trust foundation, united kingdom.
Attention:
Dear beneficiary,
This is to officially inform you that we have in our possession a foreign demand draft worth
Two hundred thousand pounds (£200, 000.00 gbp) issued in your name & received from your
Delivery agent robert jason kim of england golf trust foundation, united kingdom.
Your demand draft has been verified, authenticated, approved and cleared for forex currency
Conversion before the cheque can be transferred to your designated bank account which you shall
Provide.
In accordance with the world economy currency conversation rate, please find below the present
Day standard conversion rate for foreign currency here-under: live standard rates:
200, 000.00 gbp
= 1, 64, 28, 527.33 inr
British pound
↔
Indian rupee
1 gbp = 83.5183 inr
Live mid-market rate
1 inr = 0.0116648 gbp
[protected]:47 utc
2. As per clause (Q) of section 5 of liberalized remittance scheme allowed for residents in
Accordance with the foreign exchange management act, 1999 (Fema) and foreign exchange
Management (Current account transaction) rules, 2000, the beneficiary (Hereinafter referred
As the "receiver") of the above cheque in accordance with the central government ordinance
On monetary act through it's agency shall pay to the foreign exchange department the sum of
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Twenty five thousand nine hundred rupees (Rs.25, 900.00/-) for registration, endorsement,
Forex conversion service tax to enhance the commencement and facilitate the transfer of one
Crore sixty four lakh twenty eight thousand five hundred and twenty seven rupees
{1, 64, 28, 527.33 inr} in india rupee equivalent to your designated bank account.
3. This is in accordance with the foreign exchange management (Export and import of currency)
Regulations, 2015 ordinance promulgated by the ministry of finance.
4. Upon receipt of the above forex currency conversion service tax fee, the said amount shall be
Transferred to your designated bank account within 45 minutes.
Note: be informed that the reserve bank of india shall correspond with 'banks, financial institutions,
Corporate bodies and their representative (S) only in matters of international transaction of this
Magnitude. Individual person (S) or private entities not recognized shall not be entertained.
As such, we shall correspond directly with your agent/handler/representative; who shall communicate
All proceedings in this transaction to you.
Individual person (S) or private entities found to violate this order shall be prosecuted under the law.
You are to contact your delivery agent for the correspondence account details to remit the fee.
This is for your information and necessary action.
Thank you.
Yours faithfully,
Dr. Hasmukh adhia,
Revenue secretary,
Ministry of finance
Cc:
- department of financial services (Dfs), ministry of finance
- revenue secretary, ministry of finance
- reserve bank of india - forex department
- all chief commissioners of central excise (Including ltu)
- all commissioners of customs.
Ms anjuly chib duggal
Secretary,
Department of financial services (Dfs)
Hans raj
[protected]
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