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    <description>Permits a resident individual to draw foreign exchange up to an annual specified limit for capital account transactions in Schedule I, subject to the Act and other applicable provisions; where drawal exceeds the annual limit, transaction-specific limits apply. Foreign exchange drawn under the annual limit shall not be used for remittance, directly or indirectly, to jurisdictions designated by the FATF as non-cooperative and communicated by the Reserve Bank.</description>
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