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August 2014

A. P. (DIR Series) Circular No. 8 dated 18th July, 2014

By Gaurang Gandhi Chartered Accountant
Reading Time 1 mins
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Money Transfer Service Scheme – Delegation of work to Regional Offices

This circular has amended the guidelines with respect to Money Transfer Service Scheme. Henceforth, any person who wants to act as an Indian Agent under MTSS is required to make an application for permission to the respective Regional Office of the Foreign Exchange Department of the RBI under whose jurisdiction its registered office falls.

DIPP time schedule

DIPP has put the following Time schedule for processing proposals under NRI/EOU/RT schemes

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