Monthly Archives: March 2015

How much foreign exchange can be drawn for medical treatment abroad?

. Q. 6. How much foreign exchange can be drawn for medical treatment abroad? Ans. AD Category I banks and AD Category II, may release foreign exchange up to USD 100,000 or its equivalent to resident Indians for medical treatment

The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act

1. The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Under the Foreign Exchange Management Act, 1999 (FEMA), which came into force with effect from June 1, 2000, all

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