https://www.taxtmi.com/acts?id=2187 Schedule III permits individuals to access foreign exchange for specified current-account purposes within the Liberalised Remittance Scheme limit, while excess remittances require prior approval of the Reserve Bank of India. Higher amounts may be available for emigration, medical treatment, and overseas studies where required by the relevant country, institution, or university. Amounts remitted under the Liberalised Remittance Scheme reduce the available annual limit. Specified remittances by persons other than individuals, including certain donations, overseas sales commissions, consultancy payments, and pre-incorporation expense reimbursements, require prior approval. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 02 Sep 2026 16:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2187 Schedule III permits individuals to access foreign exchange for specified current-account purposes within the Liberalised Remittance Scheme limit, while excess remittances require prior approval of the Reserve Bank of India. Higher amounts may be available for emigration, medical treatment, and overseas studies where required by the relevant country, institution, or university. Amounts remitted under the Liberalised Remittance Scheme reduce the available annual limit. Specified remittances by persons other than individuals, including certain donations, overseas sales commissions, consultancy payments, and pre-incorporation expense reimbursements, require prior approval. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2187