All cross-border remittances now require Form A2, regardless of value. Earlier exemption up to $25K withdrawn. ensure compliance.

Authorised Dealers must obtain Form A2 for all cross-border remittances, irrespective of transaction value. Previous circulars allowing remittances up to USD 25,000 without Form A2 stand withdrawn. Dealers / Banks to ensure compliance with FEMA provisions while allowing remittances. Circular issued under FEMA Sections 10(4) and 11(1). .....

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