Fema

This query is : Resolved

Mantu Agarwal (Querist)
Follow

21 September 2011 Dear Expert,
Release of exchange exceeding US $ 10,000 or its equivalent in one calendar year, for one or more private visits to any country (except Nepal and Bhutan) require prior approval of RBI except where the payment is made from RFC Account.

Suppose I visited Foreign and incurred the exp more than US $ 10,000/-
My question is how could I get prior approval while I had already cross the limit.

Bcoz foreign currency easily available outside the airport by the agents and I can get as much as I want.

Thanking You,

Regards
Mantu

VISHRUT

VISHRUT (Expert)
Follow

21 September 2011 In case you have exchanged the money you have filled the form that form it self will be the approval of RBI and expenses incurred from such amount will be allowed no further approval is required.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

prasanth kona

THOMAS JOHN

nilesh

Chandan Kumar

Kamaljeet Kaur

Subscribe Now

Fema

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Article Assistant

GST CONSULTANCY

CA Final

Accountant