Liberalised Remittance Scheme for Resident Individuals - Reporting

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..... A. P. (DIR Series) Circular No.24 dated December 20, 2006, in terms of which AD Category - I banks are required to furnish information on the number of applications received and total amount remitted under the Liberalised Remittance Scheme (the Scheme), on a quarterly basis, in the prescribed format. 2. It has now been decided, with effect from April 2008, to collect the information in respect of .....

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..... this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Salim Gangadharan)Chief General Manager-in-Charge ANNEX [A. P. (DIR Series) Circular No. 36 dated April 04, 2008] Statement indicating the details of remittances ma .....

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