Current Account Transactions - Liberalisation - Clarifications

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..... ralisation - Clarifications Attention of Authorised dealers is invited to paragraphs 1, 2 and 3 of A.P. (DIR Series) Circular No.3 dated July 17, 2003, conveying liberalisation in the remittance facilities for employment, emigration, education, maintenance of close relatives and medical treatment abroad. It has come to our notice that at the branch level, authorised dealers continue to insist on .....

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..... ph 4 of our A.P. (DIR Series) Circular No.3 dated July 17, 2003 remain unchanged. 5. The above clarifications may be brought to the notice of all the dealing staff to ensure that the liberalised measures are implemented in letter and spirit. 6. The directions contained in this circular have been issued under Section10(4) and Section11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999). .....

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