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          FEMA

          Can remittances be made only in US Dollars?

          Liberalised Remittance Scheme - As on Apr 06, 2023

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          Freely convertible foreign currency permits remittances under the liberalised remittance scheme beyond a single specified currency. Remittances under the Liberalised Remittance Scheme may be made in any freely convertible foreign currency, not limited to US dollars; related manuals and FAQs provide procedural guidance consistent with the applicable foreign exchange framework.
                            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.

                                  Freely convertible foreign currency permits remittances under the liberalised remittance scheme beyond a single specified currency.

                                  Remittances under the Liberalised Remittance Scheme may be made in any freely convertible foreign currency, not limited to US dollars; related manuals and FAQs provide procedural guidance consistent with the applicable foreign exchange framework.


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