Tag Archives: Amendment

International credit card transactions just got more expensive with FEMA Amendment Rules 2023 – money.andronezia.com

5 mins ago Finance 1 Views On May 16, the Ministry of Finance issued the Foreign Exchange Management (Current Account) Regulations (Amendment), 2023 (FEMA). This amendment removes Rule 7 of the Foreign Exchange Management (Current Account Transactions) Rules, 2000, and brings international credit card transactions under the scope of the Liberal Money Transfer Scheme (LRS).… Read More »