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What are the purpose/s for which remittance can be made under the Scheme?

April 26, 2017purpose remittance Scheme

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What are the purpose/s for which remittance can be made under the Scheme?

1 Answer

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This facility is available for making remittance/s for any permissible current or capital account transaction or a combination of both. It is not available for purposes specifically prohibited (Schedule I) or regulated by the Government of India (Schedule II) of Foreign Exchange Management (Current Account Transactions) Rules, 2000.