Liberalised Remittance Scheme permits resident individuals to remit abroad for permissible current or capital transactions subject to compliance and exclusions. The document sets out FEMA based rules for residents' foreign exchange dealings: definition of resident and authorised dealers; permitted foreign exchange uses and limits for travel, business, medical treatment, studies, employment and emigration; forms, advance use and surrender rules; and prohibitions for certain jurisdictions. It explains resident foreign currency account options (EEFC, RFC, RFC Domestic) and operational features. It summarises the Liberalised Remittance Scheme for resident individuals permitting outward remittances for permissible current and capital transactions subject to eligibility, procedural declarations, exclusions and RBI/AD compliance.
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.
Liberalised Remittance Scheme permits resident individuals to remit abroad for permissible current or capital transactions subject to compliance and exclusions.
The document sets out FEMA based rules for residents' foreign exchange dealings: definition of resident and authorised dealers; permitted foreign exchange uses and limits for travel, business, medical treatment, studies, employment and emigration; forms, advance use and surrender rules; and prohibitions for certain jurisdictions. It explains resident foreign currency account options (EEFC, RFC, RFC Domestic) and operational features. It summarises the Liberalised Remittance Scheme for resident individuals permitting outward remittances for permissible current and capital transactions subject to eligibility, procedural declarations, exclusions and RBI/AD compliance.
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