Permissible capital account transactions allow authorised foreign exchange dealings within resident-based schedules and applicable regulatory limits. Permissible capital account transactions are classified under Schedule I for persons resident in India and Schedule II for persons resident outside India. ... Summary
Foreign Exchange Management (Permissible Capital Account Transactions) Regulations, 2000
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Permissible capital account transactions allow authorised foreign exchange dealings within resident-based schedules and applicable regulatory limits.
Permissible capital account transactions are classified under Schedule I for persons resident in India and Schedule II for persons resident outside India. Foreign exchange may be sold or drawn through an authorised person for a listed capital account transaction, subject to the governing Act, applicable rules, regulations, directions and orders, and any prescribed transaction-specific limit.
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