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        FEMA

        Regulation 7 - Remittance Related to a Foreign Exchange Derivative Contract

        Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000

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        Remittance for foreign exchange derivative contracts: outbound payments permitted for option premiums and amounts incidental to contracts. Authorised dealers may remit foreign exchange abroad for payments related to foreign exchange derivative contracts: specifically for option premiums payable by residents to non-residents and for amounts incidental to such contracts by residents or non-residents, and for any other contract-related remittance only with Reserve Bank approval.
                      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.

                            Remittance for foreign exchange derivative contracts: outbound payments permitted for option premiums and amounts incidental to contracts.

                            Authorised dealers may remit foreign exchange abroad for payments related to foreign exchange derivative contracts: specifically for option premiums payable by residents to non-residents and for amounts incidental to such contracts by residents or non-residents, and for any other contract-related remittance only with Reserve Bank approval.


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