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of <h1>New Guidelines for Miscellaneous Remittances Under FEMA: Procedures, Limits, and Liberalized Remittance Scheme Explained.</h1> The Master Circular consolidates guidelines for miscellaneous remittances from India under the Foreign Exchange Management Act, 1999. It outlines the procedures and limits for various transactions, including private visits, business travel, medical treatment, and education abroad. It specifies that authorized dealers can release foreign exchange based on self-declaration for transactions up to USD 100,000 without requiring supporting documents. The Circular also details the Liberalized Remittance Scheme, allowing resident individuals to remit up to USD 200,000 annually for permissible transactions. The Circular is effective until July 1, 2008, after which it will be updated.
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