Master Circular on Miscellaneous Remittances from India – Facilities for Residents
This Master Circular consolidates the instructions on miscellaneous remittances from India, facilitating residents to make various payments abroad.
Release of Foreign Exchange by Authorised Dealers
Authorised Dealers (ADs) are permitted to release foreign exchange for miscellaneous remittances, subject to certain conditions and limits.
The circular outlines the facilities available to residents for making remittances abroad, including:
– Donations/gifts to individuals/institutions
– Subscription to magazines/periodicals
– Business travel-related expenses
– Education-related expenses
– Medical treatment-related expenses
– Other miscellaneous expenses
The circular also provides guidelines for ADs to follow while releasing foreign exchange for these purposes.
Chat with the Master Circular: