https://www.taxtmi.com/manuals?id=2865 Rule 3 prohibits drawal of foreign exchange for specified current account transactions, including remittances such as lottery winnings, income from racing or hobbies, purchase of banned publications, interest on funds in the Non Resident Special Rupee Account, and dividends subject to dividend balancing. It also bars certain payments-commission on exports toward equity investment abroad, commissions under the Rupee State Credit route (with a narrow exception for limited export commission), and call back service payments-and prohibits travel to Nepal and Bhutan and transactions with residents there, subject to RBI exemption powers. en-us Tue, 13 Jun 2023 17:51:00 +0530 Thu, 22 Jun 2023 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2865 Rule 3 prohibits drawal of foreign exchange for specified current account transactions, including remittances such as lottery winnings, income from racing or hobbies, purchase of banned publications, interest on funds in the Non Resident Special Rupee Account, and dividends subject to dividend balancing. It also bars certain payments-commission on exports toward equity investment abroad, commissions under the Rupee State Credit route (with a narrow exception for limited export commission), and call back service payments-and prohibits travel to Nepal and Bhutan and transactions with residents there, subject to RBI exemption powers. Manuals FEMA Tue, 13 Jun 2023 17:51:00 +0530 https://www.taxtmi.com/manuals?id=2865