Question
As per the IFSCA Circular on Remittances to IFSCs under
the Liberalised Remittance Scheme (LRS) (July 2024), which of the following is a permissible purpose for remittances under LRS to IFSCs?Solution
The circular expands the scope for LRS remittances to include permissible purposes such as availing financial services or financial products within IFSCs as per the IFSCA Act, 2019.
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