List of payments of specified nature mentioned in Rule 37 BB
1.
Indian investment abroad -in equity capital (shares)
2.
Indian investment abroad -in debt securities
3.
Indian investment abroad-in branches and wholly owned subsidiaries
4.
Indian investment abroad -in subsidiaries and associates
5.
Indian investment abroad -in real estate
6.
Loans extended to Non-Residents
7.
Advance payment against imports
8.
Payment towards imports-settlement of invoice
9.
Imports by diplomatic missions
10.
Intermediary trade
11.
Imports below Rs.5,00,000-(For use by ECD offices)
12.
Payment- for operating expenses of Indian shipping companies operating abroad.
13.
Operating expenses of Indian Airlines companies operating abroad
14.
Booking of passages abroad -Airlines companies
15.
Remittance towards business travel.
16.
Travel under basic travel quota (BTQ)
17.
Travel for pilgrimage
18.
Travel for medical treatment
19.
Travel for education (including fees, hostel expenses etc.)
20.
Postal Services
21.
Construction of projects abroad by Indian companies including import of goods at project site
22.
Freight insurance – relating to import and export of goods
23.
Payments for maintenance of offices abroad
24.
Maintenance of Indian embassies abroad
25.
Remittances by foreign embassies in India
26.
Remittance by non-residents towards family maintenance and-savings
27.
Remittance towards personal gifts and donations
28.
Remittance towards donations to religious and charitable institutions abroad
29.
Remittance towards grants and donations to other Governments and charitable institutions established by the Governments.
30.
Contributions or donations by the Government to international institutions
31.
Remittance towards payment or refund of taxes.
32.
Refunds or rebates or reduction in invoice value on account of exports
33.
Payments by residents for international bidding.
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accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has
been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail.
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