https://www.taxtmi.com/circulars?id=7665 Remittances from India for participation in lotteries, lottery-like operations, money circulation schemes, or remittances purportedly to secure prize money are prohibited. Authorised dealers must inform the public of this prohibition and implement the exchange control restriction. Directions are issued under the Foreign Exchange Management Act and contraventions attract the penalties prescribed under the Act. en-us Fri, 27 Jul 2001 00:00:00 +0530 Thu, 24 Sep 2009 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7665 Remittances from India for participation in lotteries, lottery-like operations, money circulation schemes, or remittances purportedly to secure prize money are prohibited. Authorised dealers must inform the public of this prohibition and implement the exchange control restriction. Directions are issued under the Foreign Exchange Management Act and contraventions attract the penalties prescribed under the Act. Circulars FEMA Fri, 27 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7665