Specialised Training/study tour/apprenticeship Training
What is the procedure for availing foreign exchange for specialized training/study tour abroad?
Applicant should submit to an authorized dealer a letter in duplicate from the sponsoring organization (from the applicant in cases of self-employed professionals). The application should indicate the name, address, nationality, passport number, details of training/study tour, country to be visited and foreign exchange required along with a letter from the overseas institution agreeing to provide the necessary facilities for training/study tour.
How much foreign exchange can be availed of for specialized training/study tour?
If the exchange asked for does not exceed U.S. $ 25000, it will be released by authorized dealers regardless of the duration of the visit and the per diem rate of exchange.