Prohibited current account transactions restrict remittances for lotteries, gaming, certain export commissions, callbacks, dividends and related income. The Schedule to the Foreign Exchange Management (Current Account Transactions) Rules, 2000 enumerates categorical prohibitions on specified cross border remittances and payments, including remittance of lottery winnings, payments for purchase of lottery tickets and gaming pools, income from racing or similar hobbies, certain export commission payments, remittance of dividends subject to balancing requirements, remittances for telephone 'call back' services, and interest income under the Non Resident Special Rupee (Account) Scheme; entries have been amended by notification.
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.
Provisions expressly mentioned in the judgment/order text.
Prohibited current account transactions restrict remittances for lotteries, gaming, certain export commissions, callbacks, dividends and related income.
The Schedule to the Foreign Exchange Management (Current Account Transactions) Rules, 2000 enumerates categorical prohibitions on specified cross border remittances and payments, including remittance of lottery winnings, payments for purchase of lottery tickets and gaming pools, income from racing or similar hobbies, certain export commission payments, remittance of dividends subject to balancing requirements, remittances for telephone "call back" services, and interest income under the Non Resident Special Rupee (Account) Scheme; entries have been amended by notification.
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