Current Account Transactions - Liberalisation

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..... is invited to the existing limits for release of foreign exchange under Schedule III to Rule 5 of Foreign Exchange Management (Current Account Transactions) Rules, 2000 as amended from time to time. As a step towards further liberalisation, it has been decided to raise the present limits as detailed below : Sr. No. Item No. of the Schedule III Purpose Existing limit (in .....

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..... Treatment 3. Attention of authorised dealers is also invited to A.P. (DIR Series) Circular No.17 dated September 12, 2002, in terms of which foreign exchange upto USD 50,000 or its equivalent, can be released for medical treatment abroad, without insisting on any estimate from a hospital/doctor. It has since been decided that authorised dealers may henceforth release foreign exchange upto USD 1 .....

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..... ing the contents of the circular to the notice of their constituents concerned. 7. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999). Yours faithfully, Grace Koshie Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management Ind .....

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