https://www.taxtmi.com/circulars?id=52880 Consolidates permissions and operational instructions under FEMA for release and use of foreign exchange by residents: Authorised Dealers may release foreign exchange for specified non trade current account purposes within delegated ceilings, apply self declaration for certain remittances, observe KYC/AML and record keeping obligations, enforce surrender and retention rules for unspent foreign exchange, and implement the Liberalised Remittance Scheme permitting resident individuals to remit abroad for permitted current or capital transactions subject to PAN, reporting and exclusions; additional provisions cover international cards, prepaid travel card redemption, guarantees for import of services and loans to NRI/PIO close relatives under LRS. en-us Tue, 01 Jul 2014 00:00:00 +0530 Wed, 25 Mar 2015 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52880 Consolidates permissions and operational instructions under FEMA for release and use of foreign exchange by residents: Authorised Dealers may release foreign exchange for specified non trade current account purposes within delegated ceilings, apply self declaration for certain remittances, observe KYC/AML and record keeping obligations, enforce surrender and retention rules for unspent foreign exchange, and implement the Liberalised Remittance Scheme permitting resident individuals to remit abroad for permitted current or capital transactions subject to PAN, reporting and exclusions; additional provisions cover international cards, prepaid travel card redemption, guarantees for import of services and loans to NRI/PIO close relatives under LRS. Circulars FEMA Tue, 01 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52880