Remittance of Salary - Relaxation

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Full Text of the Document

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.... Attention of Authorised Dealers is invited to Regulation No.7(8) of the Notification No.FEMA 10/2000-RB dated May 3, 2000 as amended by the Notification No.FEMA 34/2001-RB dated January 22, 2001, in terms of which foreign nationals employed in India are permitted to receive upto 75 per cent of their salary by credit to their accounts outside India. 2. On a review of the matter, it has been de....