$ 1million Foreign Remittance per project w/o RBI approval is PER PAYEE or not

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..... $ 1million Foreign Remittance per project w/o RBI approval is PER PAYEE or not
Query (Issue) Started By: - Pawan Sehrawat Dated:- 20-11-2013 Last Reply Date:- 12-11-2015 FEMA
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FEM .....

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Hi all, I have a minor confusion. RBI approval required for Remittances exceeding US$ 10,000,000 per project for any consultancy services in respect of infrastructure projects and US$ 1,000,000 .....

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..... per project, for other consultancyservices procured from outside India. My silly question is, limit is PER PAYEE or for all payee's taken together. thanks in advance. Pawan Sehrawat Reply By MARIAPPAN .....

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..... GOVINDARAJAN: The Reply: Whatever it may be, it is related to per project.
Discussion Forum - Knowledge Sharing .....

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