FEMA? FOREIGN EXCHANGE MANAGEMENT ACT

 FEMA ?

FOREIGN EXCHANGE MANAGEMENT ACT

What is FEMA? 

FEMA is Foreign Exchange Management Act.

RBI ?

RESERVE BANK OF INDIA REGULATES FEMA

RBI WATCH THE TRANSACTIONS DONE IN INTERNATIONAL TRADES

Our country will be rich when Foreign Currency recieved by GOVERNMENT OF INDIA. 

BALANCE TRADE 

IN IMPORTS AND EXPORTS when trade is done RBI ask if you do not show the information of PAYMENT RECEIVED .

Within 9 to 11 months the payment received by trader not shown to RBI .RBI can send letter to yours company. 

Government could ask why did you not get payment?  If PAYMENT NOT RECEIVED RBI/ DGFT can help to receive your payments. 

Government can take doubt if you are doing trades by HAWALA ? ILLEGAL? 

When trades are taken in IMPORTS AND EXPORTS you must give clarify of PAYMENT RECEIVED. 

TRADE BALANCE WILL POSITIVE AND RICH WHEN EXPORTS ARE DONE AND FOREIGN CURRENCIES WILL RECEIVED IN OUR COUNTRY.