Master Circular on Miscellaneous Remittances from India - Facilities for Residents - FEMA - 05 /2008-09

Master Circular on Miscellaneous Remittances from India - Facilities for Residents RBI/2008-09/18 Master Circular No. 05 /2008-09 July 1, 2008 To, All Authorised Persons in Foreign Exchange Madam / Sir, Master Circular on Miscellaneous Remittances from India - Facilities for Residents Miscellaneous remittance facilities for residents are allowed in terms of section 5 of the Foreign Exchange Management Act, 1999, read with Government of India Notification No. G.S.R 381(E) dated May 3, 2000 as amended from time to time. 2. This Master Circular consolidates the existing instructions on the subject of "Miscellaneous Remittances from India - Facilities for Residents" at one place. The list of underlying circulars/notifications consolidated in this Master Circular is furnished in Appendix-1. 3. This Master Circular is being issued with a sunset clause of one year. This circular will stand withdrawn on July 1, 2009 and be replaced by an updated Master Circular on the subject. Yours faithfully, (Salim Gangadharan)Chief General Manager-in-Charge For master circular click here