Regulation 6 - Manner of Payment in certain cases - Foreign Exchange Management (Manner of Receipt And Payment) Regulations, 2000

6. Manner of Payment in certain cases :- Notwithstanding anything contained in Regulation 5 - (1) where an import is covered by the special arrangement between the Central Government and the Government of a foreign state, the payment for import shall be made in accordance with the directions issued by the Reserve Bank to authorised dealer ; (2) subject to the provisions of sub-regulation (1), a person resident in India may make payment in foreign exchange through an international card held by him : Provided that - (a) the transaction for which the payment is so made is in conformity with the provisions of the Act, rules and regulations made thereunder; and (b) in the case of import for which the payment is so made, the import is also in conformity with the provisions of the Export-Import Policy for the time being in force.