https://www.taxtmi.com/circulars?id=4125 Regulation of miscellaneous remittances under FEMA allocates authority: drawals for Schedule I purposes are prohibited; Schedule II requires Government approval and Schedule III requires Reserve Bank approval above specified thresholds, with Authorised Dealers permitted to release foreign exchange up to delegated limits. Authorised Dealers may allow a range of non trade current account remittances (private/business travel, education, medical treatment, tour operator settlements, etc.) on self declaration or simplified documentation within prescribed ceilings, enforce KYC and record keeping under Section 10(5), and report transactions and guarantee invocations to the Reserve Bank. en-us Thu, 21 Feb 2008 00:00:00 +0530 Sat, 18 Oct 2008 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4125 Regulation of miscellaneous remittances under FEMA allocates authority: drawals for Schedule I purposes are prohibited; Schedule II requires Government approval and Schedule III requires Reserve Bank approval above specified thresholds, with Authorised Dealers permitted to release foreign exchange up to delegated limits. Authorised Dealers may allow a range of non trade current account remittances (private/business travel, education, medical treatment, tour operator settlements, etc.) on self declaration or simplified documentation within prescribed ceilings, enforce KYC and record keeping under Section 10(5), and report transactions and guarantee invocations to the Reserve Bank. Circulars FEMA Thu, 21 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4125