Foreign remittance

Hi,

As per my understanding, there is no general approval for such 'Netting off' except for SEZ units. Therefore, a specific approval would need to be obtained from RBI for such 'Netting off'.

Below is the link for the latest Master Circular issued by RBI in this regard:

https://rbidocs.rbi.org.in/rdocs/notification/PDFs/10ME290611FL.pdf

Cheers

Hi,

Not allowed 'Netting off' except for SEZ units. Below link will provide updated Master Circular of RBI.

https://rbidocs.rbi.org.in/rdocs/notification/PDFs/10ME290611FL.pdf

Cheers

Hi,

Not allowed 'Netting off' except for SEZ units. Below link will provide updated Master Circular of RBI.

https://rbidocs.rbi.org.in/rdocs/notification/PDFs/10ME290611FL.pdf

Cheers