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Regulation 7 - Remittance Related to a Foreign Exchange Derivative Contract - Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000Extract Remittance Related to a Foreign Exchange Derivative Contract :- 7. An authorised dealer in India may remit outside India foreign exchange in respect of a transaction, undertaken in accordance with these Regulations, in the following cases, namely; (a) option premium payable by a person resident in India to a person resident outside India, (b) remittance by a person resident in India of amount incidental to a foreign exchange derivative contract entered into in accordance with Regulation 4 , (c) remittance by a person resident outside India of amount incidental to a foreign exchange derivative contract entered into in accordance with 1 [ Regulation 4 ] , (d) any other remittance related to a foreign exchange derivative contract approved by Reserve Bank. **************** NOTES:- 1 . Substituted vide Notification No. FEMA.398/RB-2020 dated 18-02-2020 , w.e.f. 18-02-2020 before it was read as, Regulation 5
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