https://www.taxtmi.com/circulars?id=7678 Resident individuals with foreign currency account(s) may obtain international credit cards issued abroad and may meet card charges from those accounts or by remittances from India through a bank where they hold a current or savings account; such remittances must be sent directly to the card issuing agency and not to third parties. Credit limits are set by issuing banks and there is no monetary ceiling imposed by the regulator. Existing prohibitions on use of cards for certain transactions remain applicable, and authorised dealers must notify constituents. en-us Wed, 21 May 2003 00:00:00 +0530 Fri, 25 Sep 2009 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7678 Resident individuals with foreign currency account(s) may obtain international credit cards issued abroad and may meet card charges from those accounts or by remittances from India through a bank where they hold a current or savings account; such remittances must be sent directly to the card issuing agency and not to third parties. Credit limits are set by issuing banks and there is no monetary ceiling imposed by the regulator. Existing prohibitions on use of cards for certain transactions remain applicable, and authorised dealers must notify constituents. Circulars FEMA Wed, 21 May 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7678