Master Circular No. 6/2014-15
July 1, 2014
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 updated from time to time as and when the fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicated.
4. This Master Circular may be referred to for general guidance. The Authorised Persons and the Authorised Dealer Category I banks may refer to respective circulars/ notifications for detailed information, if so needed.
Principal Chief General Manager