(i) Applications by persons, firms and banks other than authorised dealers for remittances in any foreign currency to a beneficiary abroad must be made to an authorised dealer on form A1 bearing the legend Application for remittance in foreign currency, if the purpose of remittance is import of goods into India and on form A2 bearing a similar legend in every other case.

(ii) Questionnaire forms have been prescribed in the Manual to elicit additional information required for dealing with applications for remittances in certain cases. In certain other cases, the applicants may have to furnish supporting information by letter. In all such cases, the requisite questionnaire form etc. should accompany the application on form A1 or A2, as the case may be.

NOTE: Applications for release of foreign exchange from members of the public will be entertained by Reserve Bank only if they are received through an authorised dealer.

(iii) If the remittance is for an approved purpose and is otherwise within the powers of authorised dealers, the authorised dealer may sell the foreign exchange applied for, provided he has satisfied himself as to the bona fides of the application.

(iv) If the remittance does not fall within the powers of authorised dealers and therefore requires prior approval of Reserve Bank, the authorised dealer should obtain the application in duplicate and forward it to Reserve Bank for consideration. Authorised dealers will do well to obtain an additional copy of the form for their reference and record. The authorised dealer should verify the correctness of the statements made in the applications, ensure that they are complete in all respects and are duly signed by the applicants and certify them in token of having done so over his stamp and signature before forwarding them to Reserve Bank. Comments, if any, of the authorised dealer should also be recorded on the application form or if appropriate, by a separate letter. The sale of foreign exchange should not be made until a copy of the application form (A1 or A2 as the case may be) has been returned by Reserve Bank together with a permit authorising the remittance.

NOTES: A. Forms A1 and A2 are required to be completed even in cases where sale of foreign exchange is not involved but payment is made in rupees by credit to an account of non-resident bank with the authorised dealer or through ACU.

B. Sub-paragraphs (iii) and (iv) also apply, mutatis mutandis, to remittances made to foreign countries otherwise than by direct sale of a foreign currency.