The rule 7 of the FEM(CAT) Rules, 2000 is not included in the e-Gazette notice of May 16, 2023
The e-Gazette notification dated 16th May 2023 omits Rule 7 of the FEM(CAT) Rules, 2000. Here are the Frequently Asked Questions #FAQs w.r.t. the Liberalised Remittance Scheme. (1/9)
What is the notification dated 16th May 2023 amending the FEM (CAT) Rules, 2000? (2/9) #FAQ
What is Rule 7 of FEM(CAT) Rules, 2000? (3/9) #FAQ
What was the need for the notification? (4/9) #FAQ
What modes of expenditure of foreign exchange are covered under FEM(CAT) Rules, 2000? (5/9) #FAQ
What are the purposes under FEM (CAT) Rules, 2000, under which a resident individual can avail of a foreign exchange facility? (6/9) #FAQ
Does LRS cover business visits of employees? (7/9) #FAQ
What is Liberalised Remittance Scheme (LRS)? (8/9) #FAQ
What is a current account transaction? (9/9) #FAQ
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