• TRADE FINANCE SERVICES -2

    TRADE FINANCE SERVICES

    Inward Remittance

    Receipt of foreign exchange in India is called Inward remittance. Apart from exports, there are other transactions, which generate inward remittance. For example, Non-resident Indian staying abroad may remit foreign exchange to their relatives in India.

    There are no restrictions on receiving remittances from abroad, through authorized dealers, in foreign exchange in India.

     

    We shall study about this article further, in detail, in our next post.

     

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