https://www.taxtmi.com/notifications?id=140364 A new rule inserted into the Foreign Exchange Management (Current Account Transactions) Rules, 2000 provides that rule 5 shall not apply to the use of an International Credit Card for making payments by a person while on a visit outside India; the insertion is effective retrospectively from 16 May 2023 and the explanatory memorandum states that no person will be adversely affected by the retrospective effect. en-us Fri, 30 Jun 2023 00:00:00 +0530 Sat, 01 Jul 2023 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=140364 A new rule inserted into the Foreign Exchange Management (Current Account Transactions) Rules, 2000 provides that rule 5 shall not apply to the use of an International Credit Card for making payments by a person while on a visit outside India; the insertion is effective retrospectively from 16 May 2023 and the explanatory memorandum states that no person will be adversely affected by the retrospective effect. Notifications FEMA Fri, 30 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=140364