What is Outward Remittance

What is Outward Remittance?

What is Outward Remittance? Foreign Outward Remittance: Foreign currency being made out abroad may be termed as foreign outward remittance. Purpose of outward  remittance are: a)    Import Bills Payment b)    Payment against Contract or Agreement c)    Travel d)    Education e)    Treatment f)     Membership fees g)    Fees for Application h)    Examination […]

Read more