Fema Checklist & Report on the same
This query is : Resolved
05 February 2008
Hi sir/madam
Can i get Fema Checklist & Report on thye same
anyone has plz forward at naresh_suntan@rediffmail.com
Can i get Fema Checklist & Report on thye same
anyone has plz forward at naresh_suntan@rediffmail.com
06 February 2008
Plz specify, in what checklist you required, whether for making the payment in respect of import or export documentation list, or something else, be specific.
09 February 2008
Following checklist
1) to open eefc ,current & capital under fema act
2) inward & outward remittance of foreign exchange
3) ceilings on f.e
4) format report on the above
1) to open eefc ,current & capital under fema act
2) inward & outward remittance of foreign exchange
3) ceilings on f.e
4) format report on the above
05 March 2008
Documentaion for outward Remittance
if payment is in respect of import then below document is required to make the payment:-
-Request Letter including
-fema declaration u/s 10(6) of FEMA
-exchange control copy of bill of entry (essential if amount of remittance is more than usd 1,00,000/-)(as per-Import Master Circular.)
-Import licence exchange control copy and if good is covered under open general licence then open general licence declaration
-A certificate of import export code.
-invoice
-bill of lading
- form A1
- other related document if any
If remittance is in respect of service then
-request letter
-fema declaration
-form A-2
-invoice if there is any
-annexure A & B (depened on type of payment)
-agreement copy (depend on type of payment)
if payment is in respect of import then below document is required to make the payment:-
-Request Letter including
-fema declaration u/s 10(6) of FEMA
-exchange control copy of bill of entry (essential if amount of remittance is more than usd 1,00,000/-)(as per-Import Master Circular.)
-Import licence exchange control copy and if good is covered under open general licence then open general licence declaration
-A certificate of import export code.
-invoice
-bill of lading
- form A1
- other related document if any
If remittance is in respect of service then
-request letter
-fema declaration
-form A-2
-invoice if there is any
-annexure A & B (depened on type of payment)
-agreement copy (depend on type of payment)
05 March 2008
ceiling is as under
-private visits = usd 10,000/- p.a.
-Gift remittance = usd 5,000/-p.a.
-Donation = usd 5,000/- p.a.
-going abroad for employment = usd 100,000/-
-emigration = usd 100,000/-
-disposal salary for remittor for maintance of close relative subject to usd 100,000/-p.a. and per recipient
-business travel, or attending a conference or specialised
training or for maintenance expenses of a patient going abroad for medical
treatment or check-up abroad, or for accompanying as attendant to a patient
going abroad for medical treatment/check-up=usd25000/-
-studies abroad = usd 1,00,000/- per academic year
-Commission, per transaction, to agents abroad for sale of residential flats or
commercial plots in India exceeding USD 25,000 or 5% of the inward remittance
-CONSULTANCY SERVICE = USD 10,00,000/-
-reimbursement of pre-incorporation expenses=USD 1,00,000/-
-private visits = usd 10,000/- p.a.
-Gift remittance = usd 5,000/-p.a.
-Donation = usd 5,000/- p.a.
-going abroad for employment = usd 100,000/-
-emigration = usd 100,000/-
-disposal salary for remittor for maintance of close relative subject to usd 100,000/-p.a. and per recipient
-business travel, or attending a conference or specialised
training or for maintenance expenses of a patient going abroad for medical
treatment or check-up abroad, or for accompanying as attendant to a patient
going abroad for medical treatment/check-up=usd25000/-
-studies abroad = usd 1,00,000/- per academic year
-Commission, per transaction, to agents abroad for sale of residential flats or
commercial plots in India exceeding USD 25,000 or 5% of the inward remittance
-CONSULTANCY SERVICE = USD 10,00,000/-
-reimbursement of pre-incorporation expenses=USD 1,00,000/-
05 March 2008
FORMAT CAN BE DOWNLOAD FROM RBI SIDE
www.rbi.org.in
www.rbi.org.in
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Offsetting interest income against derivative trading losses
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Application of 115BAC
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
