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FEMA
Dear All,
Would like to know for calculating the limit of 10% of average sales for recurring expenses for branch abroad should be consider the remittnace on a year to year basis (i.e. 10% limit for each year) or should the entire remittances from day one to till date needs to be considered
Replies (1)
The same should be considerd on year to year basis.
Anuj
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