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    <title>Foreign Exchange Management Act, 1999 - Current Account Transactions - Use of International Credit Cards abroad</title>
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    <description>The amendment exempts the use of International Credit Cards by residents abroad from Rule 5 prior-approval requirements, permitting payment for expenses up to the card limit without separate Reserve Bank monetary ceilings. Existing prohibitions on purchases of items such as lottery tickets, banned magazines, sweepstakes participation and call-back services remain applicable.</description>
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    <pubDate>Fri, 24 Jan 2003 00:00:00 +0530</pubDate>
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      <description>The amendment exempts the use of International Credit Cards by residents abroad from Rule 5 prior-approval requirements, permitting payment for expenses up to the card limit without separate Reserve Bank monetary ceilings. Existing prohibitions on purchases of items such as lottery tickets, banned magazines, sweepstakes participation and call-back services remain applicable.</description>
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      <pubDate>Fri, 24 Jan 2003 00:00:00 +0530</pubDate>
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