Rule 2 - Definitions - Foreign Exchange Management (Current Account Transactions) Rules, 2000

Definitions. 2. In these rules, unless the context otherwise requires: (a) Act means the Foreign Exchange Management Act, 1999 (42 of 1999) ; (b) Drawal means drawal of foreign exchange from an authorised person and includes opening of Letter of Credit or use of International Credit Card or International Debit Card of ATM Card or any other thing by whatever name called which has the effect of creating foreign exchange liability; (c) Schedule means a schedule appended to these rules; (d) The words and expressions not defined in these rules but defined in the Act shall have the same meanings respectively assigned to them in the Act.