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Rupee Drawing Arrangement - Trade related remittance limit

FEMA - 9 - Dated:- 20-10-2016 - RBI/2016-17/91 A.P. (DIR Series) Circular No. 9 October 20, 2016 To All Category - I Authorised Dealer Banks Madam/Sir, Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No.102 dated May 21, 2015 permitting them to regularize payments exceeding the prescribed limit under RDA provided that they are satisfied with the bonafide of the transaction 2. On a review and in consultation with Government of India, it .....

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