RBI/2012-13/6
Master Circular No. 6/2012-13
July 2, 2012
To,
All Authorised Persons in Foreign Exchange
Madam / Sir,
Master Circular on Miscellaneous Remittances from India
Facilities for Residents
Miscellaneous remittance facilities for residents are allowed in terms of section 5 of the Foreign Exchange Management Act, 1999, read with Government of India Notification No. G.S.R 381(E) dated May 3, 2000, as amended from time to time.
2. This Master Circular consolidates the existing instructions on the subject of “Miscellaneous Remittances from India – Facilities for Residents” at one place. The list of underlying circulars/notifications consolidated in this Master Circular is furnished in Appendix-1.
3. This Master Circular is being issued with a sunset clause of one year. This circular will stand withdrawn on July 1, 2013 and be replaced with an updated Master Circular on the subject.
Yours faithfully,
(Rudra Narayan Kar)
Chief General Manager
