https://www.taxtmi.com/circulars?id=53493 The Liberalised Remittance Scheme for resident individuals is revised so authorised dealers may permit remittances up to USD 250,000 per financial year for any permitted current or capital account transaction or a combination thereof, subsuming current account facilities under this overall limit while allowing exceptions for emigration, medical treatment and studies where higher amounts are required. Remitters must submit an application-cum-declaration; authorised persons must apply KYC and AML measures; banks must not extend facilities to facilitate capital remittances; remittances to FATF non-cooperative jurisdictions are prohibited. en-us Mon, 01 Jun 2015 00:00:00 +0530 Tue, 02 Jun 2015 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53493 The Liberalised Remittance Scheme for resident individuals is revised so authorised dealers may permit remittances up to USD 250,000 per financial year for any permitted current or capital account transaction or a combination thereof, subsuming current account facilities under this overall limit while allowing exceptions for emigration, medical treatment and studies where higher amounts are required. Remitters must submit an application-cum-declaration; authorised persons must apply KYC and AML measures; banks must not extend facilities to facilitate capital remittances; remittances to FATF non-cooperative jurisdictions are prohibited. Circulars FEMA Mon, 01 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53493