https://www.taxtmi.com/acts?id=2136 A statutory requirement mandates prior approval of the Reserve Bank for drawal of foreign exchange in respect of transactions included in the specified schedule, with each drawal governed by the conditions applicable to those scheduled transactions; the prior approval requirement does not apply where payment is made out of funds held in a remitter's Resident Foreign Currency (RFC) account. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 02 Jun 2025 18:12:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2136 A statutory requirement mandates prior approval of the Reserve Bank for drawal of foreign exchange in respect of transactions included in the specified schedule, with each drawal governed by the conditions applicable to those scheduled transactions; the prior approval requirement does not apply where payment is made out of funds held in a remitter's Resident Foreign Currency (RFC) account. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2136