Foreign Exchange Management (Permissible Capital Account Transactions) ( Amendment ) Regulations, 2004

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..... CE MUMBAI 400 001 Notification No. FEMA. 110/2004-RB dated February 5,2004 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 23.03.2004 - G.S.R. No. 207(E) In exercise of the powers conferred by sub-section (2) of Section 6, Sub-Section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) a .....

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..... oviso shall be inserted ; namely :- "Provided that - (a) subject to the provisions of the Act or the rules or regulations or directions or orders made or issued thereunder, a resident individual may draw from an authorized person foreign exchange not exceeding USD 25000 per calendar year for a capital account transaction specified in Schedule I ; (b) where the drawal of foreign exchange by a .....

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