Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Indian residents can make import payments through international cards under FEMA Regulation 6 with compliance requirements</h1> Regulation 6 of FEMA 2016 permits Indian residents to make payments for imports through international cards or rupees via credit/debit card servicing banks, provided transactions comply with FEMA provisions and Foreign Trade Policy. Indian residents may also make rupee payments for expenses of visiting foreign residents, purchase of imported gold/silver via crossed cheques, payments to non-resident directors for company work including sitting fees and travel expenses, and credits to SNRR accounts of overseas sellers for imports, subject to compliance with applicable regulations.
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