Remittance of money from India to abroad

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..... Remittance of money from India to abroad
Query (Issue) Started By: - wig sinbad Dated:- 5-2-2010 Last Reply Date:- 13-9-2010 FEMA
Got 3 Replies
FEMA
i propose to remit (foreign currency) .....

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..... money from india to a country abroad to a close relative for maintanance expenses. what is the relevant govt notification for it. what is the limit and procedure Reply By Rama Krishana: The Reply: Yo .....

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..... u may refer to the provisions of FOREIGN EXCHANGE MANAGEMENT (CURRENT ACCOUNT TRANSACTIONS) RULES, 2000 in FEMA section - Regulation no. 5 read with schedule III - which states that for maintenance of .....

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..... relatives, no permission for RBI is required in case the remittance is not exceeding $5000/- Reply By Anuj Gupta: The Reply: Also if you want to remit more than $5000/- then also the same is permitte .....

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..... d. I will let you the exact regulation if you need the same. Reply By wig sinbad: The Reply: i think the limit is USD 100000/= in case of gift to a relative i need to verify the same and the relevan .....

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..... t provison of FEMA
Discussion Forum - Knowledge Sharing .....

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