Regulation 8 - Remittance related to a Commodity Derivative Contract - Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000

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. **************** Notes : 1. Has been inserted vide Notification No. 159/2007 dated 17/9/2007 (w.e.f. 23rd day of July, 2005)