Remittance limits under RDA: no cap on transfers except a trade-related ceiling for commercial transactions. Remittance policy under the Rupee Drawing Arrangement (RDA) permits unrestricted outward transfers in both amount and frequency; there is no limit on the value or number of remittances under RDA and MTSS, but trade related remittances are subject to an upper cap constraining amounts for commercial trade transactions under the FEMA 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.
Remittance limits under RDA: no cap on transfers except a trade-related ceiling for commercial transactions.
Remittance policy under the Rupee Drawing Arrangement (RDA) permits unrestricted outward transfers in both amount and frequency; there is no limit on the value or number of remittances under RDA and MTSS, but trade related remittances are subject to an upper cap constraining amounts for commercial trade transactions under the FEMA framework.
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