Current a/c deals relaxed
By The categories of remitt | 26 Feb 2004
The categories of remittances eligible under this liberalisation, include, remittance by artistes, commission to agents abroad for the sale of residential plots for amounts up to $ 25,000 or 5 per cent of the inward remittance, whichever is higher and short terms credit to overseas offices of Indian companies, said a RBI press release.
The
relaxation will also be applicable for remittance for
ads on foreign television where export earnings are less
than Rs 10 lakh.