Foreign Inward and Outward Remittances in India

Foreign Inward and Outward Remittances in India are crucial for global trade, education, investments, and cross-border transactions. At India Stat Filing, we help businesses and individuals manage their international money transfers smoothly, in compliance with FEMA 1999 and RBI’s Liberalised Remittance Scheme (LRS).
Our expert guidance ensures your transactions follow the law, remain tax-compliant, and avoid unnecessary banking delays.

What Are Foreign Inward and Outward Remittances?

Foreign Inward Remittance (FIR):
This involves funds received in India from abroad — such as export payments, NRI transfers, or foreign investments. Governed by Sections 6 and 7 of FEMA, 1999, and regulated by RBI Master Directions, inward remittances support India’s foreign exchange and business ecosystem.

Foreign Outward Remittance (FOR):
Conversely, this refers to money sent from India to other countries for education, travel, business payments, or investments. Outward remittances follow RBI’s LRS framework, ensuring that all international transfers are legal and transparent.

Our team offers step-by-step support for both types of remittances, ensuring compliance without issuing any certifications or approvals.

Why Businesses and Individuals Need Professional Assistance

Hiring experts for Foreign Inward and Outward Remittances helps you stay compliant and stress-free. Here’s how:

• Legal Guidance: Get clarity on obligations under FEMA 1999 and RBI circulars.

• Smooth Processing: Avoid delays by ensuring accurate document submission.

• Regulatory Reporting Support: Expert help with Form A2 and bank declarations.

• Audit & Tax Readiness: Maintain clear remittance records for income tax and corporate audits.

• Business Facilitation: Simplify cross-border payments for exporters, importers, and professionals.

Additionally, we help reduce rejections and track remittances to ensure funds are received or transferred efficiently.

Common Scenarios for Foreign Inward and Outward Remittance

Inward Remittance (FIR):

• Export proceeds from goods or services

• Venture capital or foreign investment inflows

• Personal transfers from NRIs or family abroad

• Refunds from overseas suppliers

Outward Remittance (FOR):

• Tuition and education fees for studying abroad

• International travel or medical expenses

• Import payments or consultancy services

• Foreign investments under RBI’s LRS limit

• Donations to international charities

Each transaction type requires specific documentation and RBI compliance.

Documents Required for Remittance Transactions

For Inward Remittance:

• Bank account details for credit of funds

• Purpose declaration or business contract

• Export/import documentation (Invoice, Shipping Bill)

• PAN or Tax Identification Number

For Outward Remittance:

• PAN and Aadhaar of the remitter

• Bank and beneficiary account details

• Purpose documents (admission letter, invoice, medical proof)

• Form A2 declaration as per FEMA / LRS

• Supporting documents requested by your bank or RBI

Accurate documentation ensures faster approvals and transparent fund movement.

How India Stat Filing Assists You

Our Foreign Inward and Outward Remittance Services make the process simpler and compliant:

• Guidance on preparing documents and declarations

• Help in completing Form A2 and other bank filings

• Advisory on RBI LRS limits (USD 250,000 per year)

• Assistance in tracking export proceeds and foreign payments

• Compliance with Sections 6 & 7 of FEMA and related RBI guidelines

• Record management for audit and reporting purposes

With our structured approach, you can handle international transfers confidently and efficiently.

Why Partner with India Stat Filing

Partnering with India Stat Filing gives you peace of mind and assured compliance.

• Experienced team managing remittance compliance

• End-to-end support — from document prep to submission

• Transparent communication on process and timelines

• Accurate guidance on limits, forms, and RBI norms

• Assistance for both individuals and businesses

We focus on compliance and accuracy while ensuring your funds move globally without roadblocks.

Our Commitment

At India Stat Filing, we simplify Foreign Inward and Outward Remittances under FEMA 1999 and RBI’s LRS. Our goal is to ensure your money transfers are compliant, secure, and efficient.
We assist with documentation, bank coordination, and compliance tracking — all while maintaining transparency and avoiding legal errors.

Get Started Today

👉 Simplify your global fund transfers with expert Foreign Inward and Outward Remittance Assistance.
📩 Contact India Stat Filing today for professional help with cross-border transactions, FEMA guidance and RBI reporting.