Foreign exchange regulation: FEMA facilitates external trade and payments and promotes an orderly foreign exchange market in India. FEMA's primary objective is to facilitate external trade and payments and to promote the orderly development and maintenance of the foreign exchange ... Summary
Foreign exchange regulation: FEMA facilitates external trade and payments and promotes an orderly foreign exchange market in India.
FEMA's primary objective is to facilitate external trade and payments and to promote the orderly development and maintenance of the foreign exchange market in India. It governs procedures, formalities and dealings for foreign exchange transactions and classifies those transactions into two main categories: Current Account Transaction and Capital Account Transaction.
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