Liberalised Remittance Scheme revised application permits rupee gifts or loans to close relatives abroad within existing per year remittance limit. Revises the Application cum Declaration form under the Liberalised Remittance Scheme, requiring applicants to declare total foreign exchange remitted in the financial year, certify source of funds and confirm compliance with the Scheme's annual remittance ceiling; collects applicant, remittance, instrument and beneficiary details and includes an authorised dealer certification block to confirm conformity with Reserve Bank instructions under FEMA.
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Liberalised Remittance Scheme revised application permits rupee gifts or loans to close relatives abroad within existing per year remittance limit.
Revises the Application cum Declaration form under the Liberalised Remittance Scheme, requiring applicants to declare total foreign exchange remitted in the financial year, certify source of funds and confirm compliance with the Scheme's annual remittance ceiling; collects applicant, remittance, instrument and beneficiary details and includes an authorised dealer certification block to confirm conformity with Reserve Bank instructions under FEMA.
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