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of <h1>Master Circular Details Remittance Rules for Residents Under FEMA 1999: Travel, Education, and More Explained.</h1> The Master Circular consolidates guidelines on miscellaneous remittances from India for residents under the Foreign Exchange Management Act, 1999. It outlines permissible transactions and conditions for remittances, including private and business travel, medical treatment, education, and cultural tours. The circular specifies the Liberalised Remittance Scheme, allowing residents to remit up to USD 200,000 annually for current or capital account transactions. It details documentation requirements, use of international credit/debit cards, and guidelines for unspent foreign exchange. The circular applies until July 1, 2014, after which it will be updated.
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