Hi all, I have a minor confusion.
RBI approval required for Remittances exceeding US$ 10,000,000 per project for any consultancy services in respect of infrastructure projects and US$ 1,000,000 per project, for other consultancyservices procured from outside India. My silly question is, limit is PER PAYEE or for all payee's taken together. thanks in advance. Pawan Sehrawat
$ 1million Foreign Remittance per project w/o RBI approval is PER PAYEE or not
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