Please Help: FOREX
Posted Date : 28-Jul-2016 , 01:44:09 pm | Posted By: BHAVESH
Category :
FEMA | Answers :
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Is there any limit for FOREX sending into India by way of gift? What would be consequences if the recipient is Pakistan citizen receiving the FOREX into India ? |
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| Posted By : Gaurav Navedia |
22-Dec-2017, 08:05:35 |
| There is no limit for sending of funds into India as a gift.
If the recipient is a Pakistani resident.
The question arises which type of account he/she is holding.
It is the duty of the bank to ensure the genuineness of transaction.
In case of any suspicion Bank may call for additional clarification or documents. |
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