Miscellaneous Remittances from India – Facilities for Residents
This Master Circular outlines the facilities available to residents for miscellaneous remittances from India.
The facilities are categorized into 16 sections, including:
Release of Foreign Exchange by Authorised Dealers, Sale of Exchange, Cultural Tours, Private visits, Gift/ donation, Going abroad on employment, Emigration, Maintenance of close relatives abroad, Business trip, Medical treatment abroad, Facilities available to students for pursuing their studies abroad, and ‘Any other current account transaction’.
Additionally, the circular covers Period of surrender of foreign exchange, Unspent Foreign Exchange, and Resident Foreign Currency (Domestic) Account.
It also provides explanations and notes on specific aspects, such as Remittances for Tour Arrangements and Payment in.
The circular aims to provide a comprehensive guide for residents seeking to make miscellaneous remittances from India.
Chat with the Master Circular:
Download: Master Circular on Miscellaneous Remittances from India – Facilities for Residents