FEMA – INSHIGHTS ON FEMA VIOLATION Important judgment - Madras Hight Court Challenging ED's Show Cause Notice for Alleged FEMA Violation - reasonable time for initiating proceedings  𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁: Court addressed writ petitions challenging complaints and...

Liberalised Remittance Scheme(LRS) The Reserve Bank of India (RBI) introduced the Liberalised Remittance Scheme (LRS) on February 4, 2004. Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to...

Foreign Exchange (Compounding Proceedings) Rules, 2024 Department of Economic Affairs notifies Foreign Exchange (Compounding Proceedings) Rules, 2024 in pursuance of Union Budget 2024-25 announcements.These Rules supersede the Foreign Exchange (Compounding Proceedings) Rules, 2000. New amendments will...