TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Rupee Drawing Arrangements: Trade Remittance Limit Raised to Rs. 15,00,000 for Banks with Compliance Checks.</h1> The circular addresses Authorised Dealer Category - I banks, announcing an increase in the trade-related remittance limit under the Rupee Drawing Arrangements from Rs. 5,00,000 to Rs. 15,00,000 per transaction. Banks are permitted to regularize payments exceeding this limit if they verify the transaction's authenticity. They must ensure remittances are from FATF-compliant countries and adhere to KYC/AML/CFT protocols. Banks should review and report frequent large transactions by exchange houses to the Reserve Bank of India and ensure export payment proceeds are applied to any outstanding export finance. Other existing instructions remain unchanged.
TaxTMI 
TaxTMI 
