All cross-border remittances now require Form A2, regardless of value. Earlier exemption up to $25K withdrawn. ensure compliance.

All cross-border remittances now require Form A2, regardless of value. Earlier exemption up to $25K withdrawn. ensure compliance. https://www.taxtmi.com/highlights?id=79122 Authorised Dealers must obtain Form A2 for all cross-border remittances, irrespective of transaction value. Previous circulars allowing remittances up to USD 25,000 without Form A2 stand withdrawn. Dealers / Banks to ensure compliance with FEMA provisions while allowing remittances. Circular issued under FEMA Sections 10(4) and 11(1). en-us Thu, 04 Jul 2024 17:57:17 +0530 Thu, 04 Jul 2024 17:58:07 +0530 TaxTMI RSS Generator All cross-border remittances now require Form A2, regardless of value. Earlier exemption up to $25K withdrawn. ensure compliance. https://www.taxtmi.com/highlights?id=79122 Authorised Dealers must obtain Form A2 for all cross-border remittances, irrespective of transaction value. Previous circulars allowing remittances up to USD 25,000 without Form A2 stand withdrawn. Dealers / Banks to ensure compliance with FEMA provisions while allowing remittances. Circular issued under FEMA Sections 10(4) and 11(1). Highlights FEMA Thu, 04 Jul 2024 17:57:17 +0530 https://www.taxtmi.com/highlights?id=79122