Indian buyers warned: Using international credit cards for Dubai property payments, violates RBI rules
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Indian buyers using international credit cards to pay for property in Dubai are under regulatory scrutiny. Experts warn that such payments violate RBI rules under the Foreign Exchange Management Act, as property purchases are capital account transactions and must go through the Liberalised Remittance Scheme. Violations may lead to penalties, legal action, and investigations by Indian authorities. What's Your Reaction?
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