Form A2 requirement: all cross border remittances must be supported by Form A2, irrespective of transaction value. Authorised Dealers must obtain Form A2, physical or digital, for all cross border remittances irrespective of transaction value, replacing prior permissive practice that allowed release of foreign exchange on a simple letter for lower value transactions. The earlier circulars permitting limited documentary requirements are withdrawn. Authorised Dealers must continue to ensure transactions do not contravene the Foreign Exchange Management Act and inform their constituents; the directions are issued under the Act and do not affect other statutory permissions.
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.
Form A2 requirement: all cross border remittances must be supported by Form A2, irrespective of transaction value.
Authorised Dealers must obtain Form A2, physical or digital, for all cross border remittances irrespective of transaction value, replacing prior permissive practice that allowed release of foreign exchange on a simple letter for lower value transactions. The earlier circulars permitting limited documentary requirements are withdrawn. Authorised Dealers must continue to ensure transactions do not contravene the Foreign Exchange Management Act and inform their constituents; the directions are issued under the Act and do not affect other statutory permissions.
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