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of <h1>RBI's Master Circular on Miscellaneous Remittance Facilities for Residents under FEMA 1999, Effective July 2, 2007.</h1> The Master Circular issued by the Reserve Bank of India consolidates existing instructions regarding miscellaneous remittance facilities for residents under the Foreign Exchange Management Act, 1999. It incorporates various circulars and notifications into a single document for clarity and ease of reference. This circular, effective from July 2, 2007, has a validity of one year and will be replaced by an updated version on July 1, 2008. It is directed to all authorized dealers in foreign exchange, ensuring compliance with the specified remittance guidelines.
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