Submitted By: Prashant
Application cum declaration under Liberalised Remittance Scheme
This document is a formal application and declaration form for purchasing foreign exchange under the Reserve Bank of India's Liberalised Remittance Scheme up to USD 250,000. It captures vital applicant identification, source of funds, purpose of transfer, and specific remittance instrument details. The form records comprehensive beneficiary information and tracks all previous LRS transactions completed within the current financial year. A legally binding self-declaration mandates that the transfer complies with the statutory limit and avoids prohibited usages. Finally, it includes an official certification section for the Authorised Dealer to verify compliance with Reserve Bank guidelines.
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