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RBI GUIDELINES
Under the LRS, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year for any permissible current or capital account transaction or a combination of both. Individuals can avail of foreign exchange facility for the purposes within the limit of USD 2,50,000 only.
Foreign Exchange Management Act
(FEMA GUIDELINES)
According to the official order, FEMA would “consolidate and amend the law relating to foreign exchange (forex) with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India”.
Foreign Exchange Management Act
(FEMA GUIDELINES)
According to the official order, FEMA would “consolidate and amend the law relating to foreign exchange (forex) with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India”.
REFUND & CANCELLATION POLICY
According to the official order, FEMA would “consolidate and amend the law relating to foreign exchange (forex) with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India”.
