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Liberalised Remittance Scheme of USD 25,000 for Resident Individuals
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.... A.P.(DIR Series) Circular No.64 dated February 4, 2004, in terms of which remittance under the captioned Scheme is not permitted, directly or indirectly, to countries identified by the Financial Action Task Force (FATF) as 'non co-operative countries and territories (NCCTs)' viz. Cook Islands, Egypt, Guatemala, Indonesia, Myanmar, Nauru, Nigeria, Philippines and Ukraine. 2. In this connection, ....
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