Master Circular on Miscellaneous Remittances: Authorised Dealers may permit resident remittances up to USD200,000 under conditions. Authorised Dealers may release foreign exchange to residents for permitted current account and specified capital account transactions under delegated limits, subject to Schedule I prohibitions, Schedule II Government approvals and Schedule III Reserve Bank approvals where limits are exceeded. ADs may accept self declaration for certain purposes and amounts (including USD 100,000 for employment, emigration, maintenance, education and medical treatment), must observe KYC/AML and documentation requirements, and report remittances under the Liberalised Remittance Scheme (USD 200,000 per financial year) using prescribed forms and monthly returns.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Master Circular on Miscellaneous Remittances: Authorised Dealers may permit resident remittances up to USD200,000 under conditions.
Authorised Dealers may release foreign exchange to residents for permitted current account and specified capital account transactions under delegated limits, subject to Schedule I prohibitions, Schedule II Government approvals and Schedule III Reserve Bank approvals where limits are exceeded. ADs may accept self declaration for certain purposes and amounts (including USD 100,000 for employment, emigration, maintenance, education and medical treatment), must observe KYC/AML and documentation requirements, and report remittances under the Liberalised Remittance Scheme (USD 200,000 per financial year) using prescribed forms and monthly returns.
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