person accompanying the patient. Additional amounts can be taken by providing
documentary evidence of the higher requirement.
Remittance for consultancy services procured from outside India. The limit is to be US __DOCTEXT__nbsp;
1 million. Remittance is to be allowed on the submission of documents.
The Reserve Bank will not, generally, prescribe the documents which should be verified
by the authorized dealers while releasing foreign exchange. In this connection, subsection
(5) of Section 10 of the Foreign Exchange Management Act, 1999 provides that an
authorized person (bank/ authorized dealer) shall require that a person make such
declaration and give such information as will reasonably satisfy him that the transaction
will not involve and is not designed for the purpose of any contravention or evasion of the
provisions of the Act or any rule, regulation, notification, direction or order issued there
Authorized dealers (AD) are also required to keep on record any information/
documentation, on the basis of which the transaction was undertaken, for verification by
the Reserve Bank. In case the applicant refuses to comply with any such requirement or
makes unsatisfactory compliance therewith, the authorized person shall refuse in writing
to undertake the transaction and shall, if he has reasons to believe that any
contravention/evasion is contemplated by the person, report the matter to Reserve Bank.
In order to provide hassle free service to the residents, it has also been decided to simplify
the procedures and documentation formalities in respect of nonimport remittances.
Accordingly, in consultation with FEDAI, the A2 form has been modified to incorporate
the application form and the declaration in terms of Section 10(5) of FEMA, 1999.
Authorized dealers have specifically been advised to release foreign exchange upto USD
100,000 each for employment abroad, emigration, maintenance of close relatives abroad,
education abroad and medical treatment abroad without insisting on any su