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International Credit Card Spends Excluded from Remittance Scheme: Finance Ministry

Published: July 1, 2023

Finance ministry amends foreign exchange rules to exclude international credit card spends from the liberalised remittance scheme (LRS).

Source: news18.com

Related Topics:

Foreign Exchange Management Current Account TransactionsInternational Credit CardForeign Exchange ManagementCurrent Account TransactionsFinance MinistryForeign Exchange ManagementCredit Card SpendsLiberalised Remittance SchemeInternational Credit CardIsit Outside IndiaEm Cat RulesMaximum LimitCompliance BurdenTax Collection At SourceMay 16T Based SolutionsGeneral PublicFinance MinistryOrex Spend