https://www.taxtmi.com/circulars?id=53698 Consolidates RBI instructions under FEMA and the Current Account Transactions Rules, delegating to Authorised Dealers the release of foreign exchange for permitted current and specified capital account transactions, while delineating prohibited transactions and those requiring Government or Reserve Bank approval. It operationalises the Liberalised Remittance Scheme for resident individuals with eligibility, permitted uses, documentation (Form A 2, declaration, PAN), AD reporting obligations, KYC/AML and tax compliance, rules on surrender/redemption of unspent foreign exchange, and procedural safeguards for issuance of guarantees and use of international cards and prepaid instruments. en-us Wed, 01 Jul 2015 00:00:00 +0530 Sat, 11 Jul 2015 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53698 Consolidates RBI instructions under FEMA and the Current Account Transactions Rules, delegating to Authorised Dealers the release of foreign exchange for permitted current and specified capital account transactions, while delineating prohibited transactions and those requiring Government or Reserve Bank approval. It operationalises the Liberalised Remittance Scheme for resident individuals with eligibility, permitted uses, documentation (Form A 2, declaration, PAN), AD reporting obligations, KYC/AML and tax compliance, rules on surrender/redemption of unspent foreign exchange, and procedural safeguards for issuance of guarantees and use of international cards and prepaid instruments. Circulars FEMA Wed, 01 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53698