10-23-2021, 08:02 PM
Withdrawal of foreign exchanges for the following purposes is banned:
· Remittances as a result of winning the lottery.
· Remittance from racing/riding earnings, etc.
· Remittance for the purchase of lottery tickets, football pools, sweepstakes, and so on.
· Payment of export commissions to Indian corporations for equity participation in joint ventures/wholly owned subsidiaries abroad.
· Payment of export commissions under Rupees State Credit Routes, with the exception of commissions of up to 10% of the invoice value of tea and tobacco exports.
· Reimbursement for telephone call-back services.
· Visit Nepal and/or Bhutan.
· Remittance of interest income earned on monies in the NRSR Account.
· Transaction with a Nepalese or Bhutanese resident.
Click here to know more - Foreign Exchange Regulation
· Remittances as a result of winning the lottery.
· Remittance from racing/riding earnings, etc.
· Remittance for the purchase of lottery tickets, football pools, sweepstakes, and so on.
· Payment of export commissions to Indian corporations for equity participation in joint ventures/wholly owned subsidiaries abroad.
· Payment of export commissions under Rupees State Credit Routes, with the exception of commissions of up to 10% of the invoice value of tea and tobacco exports.
· Reimbursement for telephone call-back services.
· Visit Nepal and/or Bhutan.
· Remittance of interest income earned on monies in the NRSR Account.
· Transaction with a Nepalese or Bhutanese resident.
Click here to know more - Foreign Exchange Regulation