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Overseas purchases via friends can trigger FEMA violations for Indian residents
Court News

Overseas purchases via friends can trigger FEMA violations for Indian residents

Using friends abroad to book watches, art, or property can trigger FEMA violations. Learn how RBI LRS rules, beneficial ownership, and ED scrutiny apply—and the dos and don’ts to …

FEMA RBI Enforcement Directorate ED scrutiny overseas purchase foreign exchange law LRS remittance Indian residents abroad overseas property luxury goods abroad foreign payments FEMA compliance cross border transactions
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