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

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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 per p .....

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..... roject, for other consultancy services 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 .....

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..... By MARIAPPAN GOVINDARAJAN - The Reply = Whatever it may be, it is related to per project. - $ 1million Foreign Remittance per project w/o RBI approval is PER PAYEE or not - Query Started By: - Pawa .....

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..... n Sehrawat Dated:- 20-11-2013 FEMA - Foreign Exchange Management - Got 1 Reply - FEMA - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmana .....

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..... gementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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