Question
Mr. T. Raghava has secured admission to a reputed and recognized university in Germany, for the study of higher and technical education, outside India. After
Mr. T. Raghava has secured admission to a reputed and recognized university in Germany, for the study of higher and technical education, outside India. After arrival in Germany, he has gone ill and wanted a medical treatment facility in a reputed German hospital. He desires to apply to the Government of India for availing the additional remittance beyond the limit approved for foreign currency exchange facility. He has already enjoyed the permitted facility of foreign exchange for studies abroad, for the said financial year. Decide the following as to the facts given in the question as per the provisions of the Foreign Exchange Management Act, 1999:
i)As an individual, to what extent Mr. T. Raghava may avail of foreign exchange facilities for higher and technical study in Germany?
ii)Can Mr. T. Raghava avail the facility of additional remittance in foreign exchange, beyond the limit, for medical treatment?
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