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IV. Details of the Student (For Outward Remittance & FC Demand Draft)
I, undertake that in case, if it is reported that I have breached the LRS limit, I will be my responsibility to bring back/surrender the amount
purchased/remitted in excess of the LRS limit and thereafter I will approach RBI for compounding of contravention under FEMA 1999.
Details of the remittances made /transactions effected under the Liberalized Remittance Scheme in the current financial year (April – March)
Sr No. Date Amount Name and Address of AD branch/ FFMC through which the transaction has been effected
2. I/We have / have not done LRS transaction from other Bank/ Forex issuing authorized agency or breached the ₹ 7 lakhs limit for the fiscal year
earlier with other Bank/Forex issuing authorized agency.
3. I am a foreign national permanently resident in India and that I am not availing facilities for remittance out of my salary, savings etc abroad in
terms of existing exchange control regulation (Applicable for Foreign Nationalsonly)
4. I am a foreign national permanently resident in India and that I am not availing facilities for remittance out of my salary, savings etc abroad in
terms of existing exchange control regulation (Applicable for Foreign Nationalsonly)
5. I shall be responsible and liable for any incorrect information provided by me in the formabove.
6. I further agree that in the event transaction is cancelled or revoked by me after submitting the request, any exchange losses incurred in this
connection to be recovered from the refundamount.
7. I further agree that once the funds remitted by me have been transmitted by Wall Street Finance Ltd (through AD Bank) to the correspondent
and/or beneficiary banks, Wall Street Finance Ltd shall not be responsible for any delays in the disbursement of such funds including the
withholding of such funds by the correspondent and/or beneficiary bank. I agree that once the funds are remitted, intermediary bank charges may
be levied by the correspondent and/or beneficiary banks, which may vary from bank to bank. I agree that in the event the transaction is rejected by
the correspondent and/or beneficiary bank because of incorrect information submitted by me, any charges levied by the
beneficiarybankorexchange lossesincurredinthisconnection,Iwill be liabletopaythesametoWallStreetFinanceLtd.
8. I further confirm that the foreign exchange released for the above mentioned purpose will be used within 180 days of purchase. In case it is not
possible to use within 180 days, same will be surrendered to the authorized person. I am neither a Politically Exposed Person (PEP) nor related to
anyPEP’s.
9. *I also confirm that this foreign exchange will only be use for paying my University fees and overseas education expense only. *applicable only
for student going for overseas education.