Spending on International Credit Card on foreign trip expenses brought under FEMA Rules
May 17, 2023
FEMA
Spending on International Credit Card on foreign trip expenses brought under FEMA Rules As per Rule 5 of the the Foreign Exchange Management (Current Account Transactions) Rules, 2000 read with Schedule III, Individuals can avail of foreign exchange facility for specified purposes (i.e. foreign travel/tour, studies abroad, medical …