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of <h1>Foreign Exchange Derivative Contracts: Authorized Dealers Can Remit Premiums and Incidental Amounts Under Regulation 8</h1> Regulation 8 of the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 outlines permissible remittance scenarios for commodity derivative contracts. An authorized dealer in India can remit foreign exchange for: (a) option premiums paid by a resident to a non-resident, (b) amounts incidental to a commodity derivative contract, and (c) other Reserve Bank-approved remittances related to such contracts, subject to compliance with the specified regulations.
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