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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Indian Agents Under MTSS Can Now Receive 30 Cross-Border Remittances per Year Instead of 12.</h1> The circular addresses authorized Indian agents under the Money Transfer Service Scheme (MTSS), highlighting an increase in the permissible number of inward cross-border remittances for a single beneficiary from 12 to 30 per calendar year. All other existing instructions remain unchanged. The guidelines apply to both Indian Agents and their Sub Agents, with the responsibility on the former to ensure compliance. The directives are issued under the Foreign Exchange Management Act, 1999, and do not affect any other legal permissions or approvals required.
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