Foreign exchange remittance rules govern current account transactions, card use, approvals, and compliance for residents and other persons. Miscellaneous current account remittance facilities are governed by FEMA, the Current Account Transactions Rules, and RBI directions to authorised dealer banks and authorised persons. The framework covers release of foreign exchange, card usage, surrender and retention of unspent foreign exchange, travel and salary remittances, medical payments for NRI close relatives, and remittances by other persons for gifts, donations, consultancy, pre-incorporation expenses, technical collaboration, trademarks, franchises, and tour arrangements. It also preserves prohibitions on lottery-related remittances, Nepal and Bhutan transactions, and other prohibited current account uses, while requiring declarations, Form A2, document retention, KYC compliance, and tax-law observance.
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Provisions expressly mentioned in the judgment/order text.
Foreign exchange remittance rules govern current account transactions, card use, approvals, and compliance for residents and other persons.
Miscellaneous current account remittance facilities are governed by FEMA, the Current Account Transactions Rules, and RBI directions to authorised dealer banks and authorised persons. The framework covers release of foreign exchange, card usage, surrender and retention of unspent foreign exchange, travel and salary remittances, medical payments for NRI close relatives, and remittances by other persons for gifts, donations, consultancy, pre-incorporation expenses, technical collaboration, trademarks, franchises, and tour arrangements. It also preserves prohibitions on lottery-related remittances, Nepal and Bhutan transactions, and other prohibited current account uses, while requiring declarations, Form A2, document retention, KYC compliance, and tax-law observance.
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