https://www.taxtmi.com/circulars?id=2166 Authorised Dealer banks may allow remittance for initial and recurring expenses of branch, office, or representative establishments abroad up to increased proportions of the Indian entity's average annual sales/income or turnover for the last two accounting years, subject to existing terms and conditions of the FEMA notification; separate amendments to the Foreign Exchange Management Regulations, 2000 will be issued, and the directions are under Sections 10(4) and 11(1) of the FEMA, 1999. en-us Fri, 21 Apr 2006 00:00:00 +0530 Fri, 03 Oct 2008 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2166 Authorised Dealer banks may allow remittance for initial and recurring expenses of branch, office, or representative establishments abroad up to increased proportions of the Indian entity's average annual sales/income or turnover for the last two accounting years, subject to existing terms and conditions of the FEMA notification; separate amendments to the Foreign Exchange Management Regulations, 2000 will be issued, and the directions are under Sections 10(4) and 11(1) of the FEMA, 1999. Circulars FEMA Fri, 21 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2166