Amendment to the Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2023. - Rule 7 related to Use of International Credit Card while outside India - G.S.R. 369 (E)

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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.

<h1>Omission of international credit card use rule removes a prior FEMA current account provision and changes permitted transactions.</h1> The Central Government, under the Foreign Exchange Management Act and in consultation with the Reserve Bank of India, amends the Foreign Exchange Management (Current Account Transactions) Rules, 2000 by omitting Rule 7, the rule concerning use of international credit cards while outside India; the amendment takes effect upon publication in the Official Gazette and references earlier amendments to the principal rules.

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