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of <h1>RBI Increases Advance Remittance Limit for Imports to USD 100,000 Under FEMA Guidelines; Prior Limit Was USD 25,000.</h1> The Reserve Bank of India has revised the guidelines for advance remittances under the Foreign Exchange Management Act, 1999. Authorised dealers can now process advance remittances for imports up to USD 100,000 without prior RBI approval, increasing the previous limit of USD 25,000. If importers do not import goods within the specified timeframe, they must promptly repatriate the remitted amount. Other conditions from the previous circular remain unchanged. This directive is issued under specific sections of the Foreign Exchange Management Act, 1999, and authorised dealers are instructed to inform their clients accordingly.
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