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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) .....

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FEMA. 242/2012- RB dated October 19, 2012. 2. In terms of the above regulations foreign direct investment is prohibited in manufacturing of cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes. 3. It is clarified that the .....

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ctions laid down in the FDI policy framed by the Department Of Industrial Policy & Promotion, Ministry of Commerce and Industry, Government of India and in the Schedule 1 of Foreign Exchange Management (Transfer or Issue of Security by a Person R .....

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