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December 2011

A.P. (DIR Series) Circular No. 32, dated 10-10- 2011 — Liberalised Remittance Scheme for Resident Individuals — Revised applicationcum- declaration form.

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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Annexed to this Circular is a new applicationcum- declaration form for purchase of foreign exchange under the Liberalised Remittance Scheme (popularly known as the INR12,360,898 Scheme). This new form has become necessitated due to certain additional items being covered under the said Scheme.

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