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Clarification on FDI in Tobacco or Tobacco substitutes - Prohibition applies only to manufacturing of the tobacco products and not on other activities relating to these products including wholesale cash and carry retail trading etc.

FEMA - 02 - Dated:- 3-7-2015 - RBI/2015-16/116 A.P. (DIR Series) Circular No. 2 July 3, 2015 To All Authorised Persons Madam/ Sir, Investment in companies engaged in tobacco related activities Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Annex A of Schedule 1 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, and Notification No. .....

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