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Foreign Exchange Cost Savings

Over the recent weeks, I have set a record of sorts. My maiden venture into the field of entrepreneurship was a huge step forward, but a risk none the less. I am now quite happy for several reasons. The first one being my concept of learning and
5,396
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FEMA ( Foreign Exchange Management Act 1999) and You - Series 1 (4) – Personal:

We often wish that we could hold accounts in the currency of our choosing. The good news is we are getting there. India in now convertible on current account, while we are partially convertible on capital account. More in later posts on current
2,399
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How to tackle your FCGPR and Equity Shares remittances under FEMA

The answer is very simple. You need an expert on your side who can guide you as to the practical nuances relating to receipt of funds and issue of shares to non residents under FEMA.   While the RBI Master Circular is written in plain
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businessgyan's picture

Liberalised remittance scheme- A Breather to Economy

From: artismc.com Via: twitter.com Liberalised remittance scheme- A Breather to Economy http://t.co/lYyDkQ7nNPThe most important factor to be noticed is that, this scheme should not be
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Banking Updates – Flash 4 – Funds transfer on Mobile : DAC Consulting.

2nd September 2011 Interbank Mobile Payment Service (IMPS)was launded for the public on 22nd November 2010 . IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones. IMPS facilitate customers to use
2,573
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FEMA – NRI ( Non Resident Indian) – POST 2

CAN A NRI/PIO REMIT PROCEEDS OF SALE OF PROPERTY IN INDIA FROM HIS NRO ( NON RESIDENT ORDINARY RUPEE ACCOUNT).   NRI/PIO may remit an amount, not exceeding USD 1 million per financial year, out of the balances held in NRO accounts /
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SERIES Z (3) : MISC: OUTWARD REMITTANCE – WHAT IS FORM 15 CA/CB

When a person resident in India wishes to make remittance to non-residents, such remittances can be made by banks if the person making the remittance furnishes an undertaking, accompanied by a certificate from a Chartered Accountant (“CA
3,316
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FEMA ( Foreign Exchange Management Act 1999) and You - Series 1 Sub 8 – Personal

Inward remittances in foreign currency. By and large, inward remittances are permitted without any restrictions. However, certain remittances towards capital account are regulated i.e. External commercial borrowing and inward remittance towards
4,651
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INTERNATIONAL TRADE OPERATIONS – INCO TERMS – AN INTRODUCTION - PART 1 – BY DOMINIC CHRISTY – DAC CONSULTING

Incoterms® - International Commercial Terms The Incoterms rules are an internationally recognized standard and are used worldwide in international and domestic contracts for the sale of goods. First published in 1936, Incoterms rules provide
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FEMA ( Foreign Exchange Management Act 1999) and You - Series 1 Sub 6 – Personal by Dominic Christy DAC consulting

LRS = Liberalized remittance scheme of RBI for Individuals: The path to full convertibility.   Having invested  in companies abroad can an individual provide loans to such companies? No. This is not permitted. Can you repay

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