Prior approval requirement for specified current account remittances: designated purposes require ministry clearance under foreign exchange rules. Rule 4 requires prior approval of the Government of India for specified current account remittances listed in the designated transaction list; an exception applies for payments from funds held in a Resident Foreign Currency account. The list ties specific remittance purposes to the Ministry or Department whose clearance is required before drawing foreign exchange.
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.
Prior approval requirement for specified current account remittances: designated purposes require ministry clearance under foreign exchange rules.
Rule 4 requires prior approval of the Government of India for specified current account remittances listed in the designated transaction list; an exception applies for payments from funds held in a Resident Foreign Currency account. The list ties specific remittance purposes to the Ministry or Department whose clearance is required before drawing foreign exchange.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.