Foreign Exchange Management Act, 1999 - Current Account Transactions – Liberalisation

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Full Text of the Document

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....ge Madam/Sirs, Foreign Exchange Management Act, 1999 - Current Account Transactions - Liberalisation Attention of Authorised Dealers is invited to A.P.(DIR Series) Circular No.3 dated July 17, 2003 permitting them to allow remittances upto USD 100,000 each for various purposes viz. (i) employment abroad (ii) emigration (iii) maintenance of close relatives abroad and (iv) education abroad. Autho....