Current account liberalisation broadens permissible remittances and simplifies documentation for residents, including medical and consultancy payments. Authorised dealers may allow remittances up to the revised limits for employment abroad, emigration, maintenance of close relatives abroad and education abroad on the basis of self-declaration with basic transaction details and an Application in Form A2, with payment by cheque, demand draft or debit to the applicant's account; no supporting documents are required. Medical treatment remittances may be released up to an increased non-documentary threshold, and consultancy services remittances are permitted at a raised ceiling subject to documents satisfactory to the authorised dealer. Amendments to the Rules will be notified under the Reserve Bank's FEMA authority.
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Provisions expressly mentioned in the judgment/order text.
Current account liberalisation broadens permissible remittances and simplifies documentation for residents, including medical and consultancy payments.
Authorised dealers may allow remittances up to the revised limits for employment abroad, emigration, maintenance of close relatives abroad and education abroad on the basis of self-declaration with basic transaction details and an Application in Form A2, with payment by cheque, demand draft or debit to the applicant's account; no supporting documents are required. Medical treatment remittances may be released up to an increased non-documentary threshold, and consultancy services remittances are permitted at a raised ceiling subject to documents satisfactory to the authorised dealer. Amendments to the Rules will be notified under the Reserve Bank's FEMA authority.
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