What is the basic limit for PANCARD for payment to foreign country?

Chapter No. 11 - PERMANENT ACCOUNT NUMBER [SECTION 139A and RULE 114]

1. What is the basic limit for  PANCARD for payment to foreign country?

Answer :  Payment in cash in connection with the travel to any foreign country of an amount exceeding ₹ 25,000 at any one time. Such payment shall include payment in cash towards fare, or to a travel agent or a tour operator, or to an authorized person as defined in section 2(c) of the Foreign Exchange Management act, 1992 or for the purchase of foreign currency. However, travel to any foreign country does not include travel to the neighbouring countries or to such places of pilgrimage as may be specified by the Board under Explanation 3 of section 139(1) .

Dated: 15-12-2015