TMI BlogTransaction which is require Prior approval of Government of India - Rule 4X X X X Extracts X X X X X X X X Extracts X X X X ..... l draw foreign exchange for a transaction included in the Schedule II without prior approval of Ministry/Department of the Government of India. Exception:- this rule shall not apply where the payment is made out of funds held in Resident Foreign Currency (RFC) Account of the remitter. Transactions which require prior approval of the Central Government SCHEDULE II - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by a PSU Ministry of Shipping Transport, (Chartering Wing) 4. Payment of import through ocean transport by a Government Department or a PSU on C.I.F. basis (i.e., other than F.O.B. and F.A.S. basis) Ministry of Shipping Transport, (Chartering Wing) 5. Multi-modal transport operators mak ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ministry of Human Resource Development, (Department of Youth Affairs and Sports) 10. Omitted 11. Remittance for membership of P I Club Ministry of Finance (Insurance Division) - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanag ..... X X X X Extracts X X X X X X X X Extracts X X X X
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