https://www.taxtmi.com/circulars?id=54902 The circular caps permitted trade transactions under the Rupee Drawing Arrangement at fifteen lakh rupees per transaction, directs Authorised Dealer Category I banks to implement this ceiling while other related instructions remain unchanged, notes the amendment in the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 with an update to Master Direction No.2, and issues the directions under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999. en-us Thu, 20 Oct 2016 00:00:00 +0530 Fri, 21 Oct 2016 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54902 The circular caps permitted trade transactions under the Rupee Drawing Arrangement at fifteen lakh rupees per transaction, directs Authorised Dealer Category I banks to implement this ceiling while other related instructions remain unchanged, notes the amendment in the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 with an update to Master Direction No.2, and issues the directions under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999. Circulars FEMA Thu, 20 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54902