https://www.taxtmi.com/circulars?id=11671 The Reserve Bank amended the Money Transfer Service Scheme to raise the permitted number of inward cross border remittances a single individual beneficiary may receive in a calendar year; all other Notification conditions remain unchanged. The change applies mutatis mutandis to Sub Agents, and Indian Authorised Persons bear sole responsibility to ensure Sub Agent compliance and to inform their constituents. The directions are issued under the Foreign Exchange Management Act and are without prejudice to other statutory permissions. en-us Fri, 08 Jun 2012 00:00:00 +0530 Sat, 09 Jun 2012 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11671 The Reserve Bank amended the Money Transfer Service Scheme to raise the permitted number of inward cross border remittances a single individual beneficiary may receive in a calendar year; all other Notification conditions remain unchanged. The change applies mutatis mutandis to Sub Agents, and Indian Authorised Persons bear sole responsibility to ensure Sub Agent compliance and to inform their constituents. The directions are issued under the Foreign Exchange Management Act and are without prejudice to other statutory permissions. Circulars FEMA Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11671