Foreign exchange drawal includes credit, debit and ATM card use where such use creates foreign-exchange liability.

Rule 2 defines "Act" as the Foreign Exchange Management Act, 1999, and "Schedule" as a schedule appended to the Foreign Exchange Management (Current Account Transactions) Rules, 2000. "Drawal" includes obtaining foreign exchange from an authorised person, opening a letter of credit, and using international credit cards, debit cards, ATM cards, or other instruments creating a foreign-exchange liability. Terms undefined in the Rules but defined in the Act retain their statutory meanings.

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