Remittance for participation in lottery etc. schemes

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Full Text of the Document

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.... for participation in lottery etc. schemes It has come to the notice of the Reserve Bank that certain overseas organisations have been advising individuals in India that they have won prizes in lotteries etc. and that they should arrange to remit some amount in US Dollars, as fees. 2. Attention of the authorised dealers is drawn to Item 3 of Schedule I to the Government of India Notification G....