(Current Account Transactions) Rules, 2000

Udyog Mentor 15 April, 2022

Current Account Transaction is a transaction other than a capital account transaction and includes: 1.Payment due in connection with foreign trade, other current business, services and short term banking and credit facilities in the ordinary course of business. 2.Payments due as interest on loans and as net income from investments. 3.Remittances for living expenses of…