What are the purposes under FEM (CAT) Amendment Rules, 2015, under which a resident individual can avail of foreign exchange facility? https://www.taxtmi.com/manuals?id=5896 The Liberalised Remittance Scheme allows resident individuals to remit foreign exchange for specified purposes-private visits, gifts, employment, emigration, maintenance of relatives, business travel, conferences or specialised training, medical treatment or attendant travel, studies, and other non defined current account transactions. Authorized Dealer banks may process residual current account remittances without prior central bank permission so long as such transactions are not prohibited or restricted under the relevant Schedules and the bank is satisfied as to the genuineness of the transaction. en-us Mon, 25 Nov 2024 12:24:00 +0530 Mon, 25 Nov 2024 12:24:00 +0530 TaxTMI RSS Generator What are the purposes under FEM (CAT) Amendment Rules, 2015, under which a resident individual can avail of foreign exchange facility? https://www.taxtmi.com/manuals?id=5896 The Liberalised Remittance Scheme allows resident individuals to remit foreign exchange for specified purposes-private visits, gifts, employment, emigration, maintenance of relatives, business travel, conferences or specialised training, medical treatment or attendant travel, studies, and other non defined current account transactions. Authorized Dealer banks may process residual current account remittances without prior central bank permission so long as such transactions are not prohibited or restricted under the relevant Schedules and the bank is satisfied as to the genuineness of the transaction. Manuals FEMA Mon, 25 Nov 2024 12:24:00 +0530 https://www.taxtmi.com/manuals?id=5896