Prior approval of Reserve Bank

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..... ules - 1 [ 5. Prior approval of Reserve Bank. - Every drawal of foreign exchange for transactions included in Schedule III shall be governed as provided therein: Provided that this rule shall .....

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..... serve Bank ; Provided that this rule shall not apply where the payment is made out of funds held in Resident Foreign Currency (RFC) Account of the remitter. - - statute, statutory provision .....

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