Could someone please help me out? In the book the answer to this question is part C. However my doubt is that in Schedule 3 transactions, if the amount is above the specified limit, the way it is in t

Question

Tamanna · Answer

Entire amount ke liye approval leni hogi Because provision says in the Act that.... If 5% of inward remittance or USD 25,000 Which ever is higher Amount is permissible But in the question 7% of inward remittance is given therefore entire amount ke liye permission leni hogi. Or amount 42,000 is arrived from 7% of 6,00,000 usd.

Tamanna · Answer

Yes, me explain kar sakti hu.

Could someone please help me out? In the book the answer to this question is part C. However my doubt is that in Schedule 3 transactions, if the amount is above the specified limit, the way it is in t

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