RBI has laid down various guidelines under Foreign Exchange Management Act:
RBI Guidelines for Payments in case of Export Import Trade
RBI Guidelines for Overseas Education
RBI Guidelines for Medical Treatment Abroad
Remittance By Tour Operators to Overseas
RBI Guidelines for Private Visits
RBI Guidelines for Business Travel
RBI guidelines for fee participation in the global conference and specialized training
RBI Guidelines for Participation in International Events/ Competitions
RBI Guidelines for Disbursement of Crew Wages
Outward remittance for educational tie up arrangements with universities abroad
Outward remittance for employment and processing fees for overseas job application
RBI guidelines towards fees examinations held in India and abroad and additional score sheets for GRE, TOEFL, etc.
The statement issued on 6th April 2018 by Jose J. Kattoor, Chief General Manager at RBI via press release titled “Statement on Developmental and Regulatory Policies”, is “Pursuant to the announcement made in the first bi-monthly Monetary Policy Statement 2018-19 on April 5, 2018, a system for daily reporting of individual transactions under the Liberalized Remittance Scheme (LRS) by Authorized Dealer (AD) banks has been put in place.
This system enables the AD banks to view the remittances already sent by an individual during the financial year, thus improving monitoring and ensuring compliance with the LRS limits.
Since the said reporting system uses the Permanent Account Number (PAN) of the remitter as a Unique Identifier to aggregate the remitter-wise data, it has been decided that furnishing of PAN, which hitherto was not to be insisted upon while putting through permissible current account transactions of up to USD 25,000, shall now be mandatory for making all remittances under LRS.
Further, in the context of remittances allowed under LRS for maintenance of close relatives, it has been decided to align the definition of ‘relative’ with the definition given in Companies Act, 2013 instead of Companies Act, 1956.”