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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Master Circular on Remittances: Guidelines for Foreign Exchange Under FEMA, Including Liberalised Remittance Scheme for Residents.</h1> The Master Circular on Miscellaneous Remittances from India outlines the facilities available to residents for remitting foreign exchange under the Foreign Exchange Management Act (FEMA), 1999. It consolidates various instructions and notifications related to remittances for purposes such as medical treatment, cultural tours, private and business visits, and educational expenses. It specifies the conditions under which foreign exchange can be released, including self-declaration requirements and documentation. Additionally, it details the Liberalised Remittance Scheme allowing resident individuals to remit up to USD 200,000 annually for permissible transactions. The circular is valid until July 1, 2012, when it will be replaced with an updated version.
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