Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Prohibited current-account remittances cover lottery proceeds, hobby income, call-back payments, and specified export commission transactions with limited exceptions.
Schedule I prohibits specified current-account remittances, including remittances from lottery winnings, hobby-related income, and payments for lottery tickets, banned or prescribed magazines, football pools and sweepstakes. It also prohibits export commission linked to equity investment in overseas joint ventures or wholly owned subsidiaries, dividend remittances subject to dividend-balancing requirements, telephone call-back service payments, and interest remittances under the Non-Resident Special Rupee Account Scheme. Export commission under the Rupee State Credit Route remains prohibited, subject to a limited tea and tobacco export exception.
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