Central Government has amended the FEMA (Current Account Transactions) Rules, 2000 by substituting the letters and figures 'US $ 5000' to the letters and figures 'US $ 10000' in item no. 2 of Schedule III. - GSR. 5(E) - Foreign Exchange Management
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Current account transaction limit amended, raising the schedule threshold and altering permitted remittance ceiling for transactions. The Central Government substituted the prior monetary figure with a higher monetary figure in item No. 2 of Schedule III to the Foreign Exchange Management (Current Account Transactions) Rules, 2000, thereby increasing the permissible current account transaction threshold; the change was issued under the proviso to Section 5 read with clause (a) of sub section (2) of Section 46 of the Foreign Exchange Management Act and comes into force on publication in the Official Gazette.
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Current account transaction limit amended, raising the schedule threshold and altering permitted remittance ceiling for transactions.
The Central Government substituted the prior monetary figure with a higher monetary figure in item No. 2 of Schedule III to the Foreign Exchange Management (Current Account Transactions) Rules, 2000, thereby increasing the permissible current account transaction threshold; the change was issued under the proviso to Section 5 read with clause (a) of sub section (2) of Section 46 of the Foreign Exchange Management Act and comes into force on publication in the Official Gazette.
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