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Miscellaneous forex facilities - As on Oct 21, 2021
Home List Manuals FEMA ManualFEMA - FAQMiscellaneous forex facilities - As on Oct 21, 2021 This
 

FEMA - FAQ

Miscellaneous forex facilities - As on Oct 21, 2021

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  1. Who is an Authorized Dealer (AD)?
  2. Who are authorized by the Reserve Bank to sell foreign exchange for travel purposes?
  3. How much foreign currency can be carried in cash for travel abroad?
  4. Q 4. How much Indian currency can be brought in while coming into India?
  5. How much foreign exchange can be brought in while visiting India?
  6. Can one pay by cash full rupee equivalent of foreign exchange being purchased for travel abroad?
  7. Is there any time-frame for a traveller who has returned to India to surrender foreign exchange?
  8. Should foreign coins be surrendered to an Authorised Dealer on return from abroad?
  9. Is there any category of visit which requires prior approval from the Reserve Bank or the Government of India?
  10. Whether permission is required for receiving grant/donation from abroad under the Foreign Contribution Regulation Act, 1976?
  11. Who is permitted to hold International Credit Card (ICC) and International Debit Card (IDC) for undertaking foreign exchange transactions?
  12. How much jewellery can be carried while going abroad?
  13. Can a resident extend local hospitality to a non-resident?
  14. Can residents purchase air tickets in India for their travel not touching India?
  15. Is meeting of medical expenses of a NRI close relative, in India, by Resident Individuals permitted?
  16. Can a person resident in India hold assets outside India?
 
 
 

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