TMI BlogPrior approval of Reserve BankX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 not apply where ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le shall not apply where the payment is made out of funds held in Resident Foreign Currency (RFC) Account of the remitter."
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