Home Acts & Rules FEMA Regulation FOREIGN EXCHANGE MANAGEMENT (FOREIGN EXCHANGE DERIVATIVE CONTRACTS) REGULATIONS, 2000 This
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Regulation 8 - Remittance related to a Commodity Derivative Contract - FOREIGN EXCHANGE MANAGEMENT (FOREIGN EXCHANGE DERIVATIVE CONTRACTS) REGULATIONS, 2000Extract 1 8. Remittance related to a Commodity Derivative Contract. 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 commodity derivative contract entered into in accordance with regulation, 6; (c) any other remittance related to a commodity derivative contract approved by Reserve Bank. **************************** Note : 1. Has been inserted vide Notification No. 159/2007 dated 17/9/2007 (w.e.f. 23rd day of July, 2005)
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