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of <h1>FEMA Rules prohibit eight transaction categories including lottery winnings, gambling payments, and restricted export commissions</h1> The Foreign Exchange Management Act's Current Account Transactions Rules, 2000 Schedule I establishes eight categories of prohibited transactions under Rule 3. These include remittances from lottery winnings, racing income, and hobby-related earnings; payments for lottery tickets, banned magazines, and gambling activities; export commission payments for equity investments in foreign subsidiaries; dividend remittances by companies subject to dividend balancing requirements; export commission payments under Rupee State Credit Route except limited tea and tobacco commissions up to 10% of invoice value; telephone callback service payments; and interest remittances on Non-Resident Special Rupee Account funds.
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