Regulatory Alerts2013-02-24
Added · Updated
FEPD Circular No. 05 : Foreign exchange transactions for IT/Software firms
The remittable limit for IT/Software firms to meet bonafide expenses abroad is enhanced from USD 10,000 to USD 20,000 in a calendar year. The limit for issuance of International Cards to a nominated official of an IT/Software firm is increased to USD 2,000 from USD 1,000 within the revised total limit. Other instructions contained in FE Circular No. 15 dated September 02, 2010 remain unchanged.
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