Question

As per the IFSCA Circular on Remittances to IFSCs under

Q: Answer-As per the IFSCA Circular on Remittances to IFSCs under the Liberalised Remittance Scheme (LRS) (Jul...

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.

the Liberalised Remittance Scheme (LRS) (July 2024), which of the following is a permissible purpose for remittances under LRS to IFSCs?

A Investments in foreign securities

B Payment of education fees to Indian universities

C Availing financial services within IFSCs

D Purchase of real estate in India

E Acquisition of physical gold from international bullion markets

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Solution