https://www.taxtmi.com/manuals?id=6393 A resident individual may open a foreign currency account abroad in specified cases: a resident student for the period of study, a resident visiting a foreign country for the period of visit, persons attending an exhibition or trade fair to credit sale proceeds, and certain employees to remit or receive salary payable in India. Credits from India must comply with FEMA. Operational constraints require repatriation of balances on return for visiting residents, one month repatriation for exhibition proceeds, and treatment of student accounts as under the Liberalised Remittance Scheme on return. en-us Wed, 11 Dec 2024 14:55:00 +0530 Wed, 11 Dec 2024 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=6393 A resident individual may open a foreign currency account abroad in specified cases: a resident student for the period of study, a resident visiting a foreign country for the period of visit, persons attending an exhibition or trade fair to credit sale proceeds, and certain employees to remit or receive salary payable in India. Credits from India must comply with FEMA. Operational constraints require repatriation of balances on return for visiting residents, one month repatriation for exhibition proceeds, and treatment of student accounts as under the Liberalised Remittance Scheme on return. Manuals FEMA Wed, 11 Dec 2024 14:55:00 +0530 https://www.taxtmi.com/manuals?id=6393